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Oil rises as gold drops
June 15th, 2026 - 06:13 GMT
P. Choiaqo

P. Choiaqo

Gold surges 2% and oil tumbles down 4% as US-Iran war comes to a close

ALBAWABA - After the peace deal between the US and Iran was announced, oil, which had been steadily decreasing, started dropping in earnest in anticipation of the deal between the two warring nations being signed in Geneva, Switzerland, on Friday. This eased concerns regarding inflation and interest rate hikes, allowing gold to surge 2 percent since this morning. After a lot of tumult and turbulence, it seems that the fear-driven ...
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The 17-sq m lounge is designed to offer guests a comfortable environment to relax while they wait for their luggage.
September 12th, 2013 - 08:12 GMT

Jordan's fancy new airport about to get fancier with a Four Seasons lounge

5C has the same body, same processor and same retina display as the iPhone 5, and the only difference is the polycarbonate shell instead of the metal shell on iPhone 5.
September 12th, 2013 - 07:18 GMT

For emerging markets, the 'c' in iPhone 5c might stand for 'colorful', but certainly not for 'cheap'

“Total cash holdings will probably fall further from their 2012 post-global financial crisis high, but this will be due to companies using the cash for debt repayments," says Fitch.
September 12th, 2013 - 06:42 GMT

2014 to mark a 'turning point' for EMEA corporations

The staff has been radically downsized from 180 in 2011 to just 36 who remain, said Dr White.
September 11th, 2013 - 12:49 GMT

The end of an era: NYIT to exit Bahrain's educational scene

Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds
September 11th, 2013 - 12:03 GMT

Benevolent Qatar to convert $2 billion Egyptian loan into bonds

Jadawel used the projected income to secure a $900 million syndicated loan from Barclays and other lenders in 2001.
September 11th, 2013 - 12:02 GMT

Good luck with that: Saudi Businessman sues Barclays for $10 billion

Expansion of the Red and Green lines will be completed by 2020 (Photo credit: Getty images).
September 11th, 2013 - 11:02 GMT

Dubai's metro to go redder and greener

Among the participating GCC organizations, UAE-based companies predicted the lowest salary increase at 5 percent
September 11th, 2013 - 10:28 GMT

Here comes the pay check: salaries to increase the most in Saudi Arabia

The Syrian crisis had roiled the markets, with Dubai witnessing a decline of 7.9 per cent this month until yesterday’s surge
September 11th, 2013 - 08:50 GMT

Dubai stocks surge most in the world due to waning Syria tensions

Japan’s exports to the UAE stood at $4.06 billion during January-June period of 2013
September 11th, 2013 - 07:39 GMT

UAE-Japan trade relations not doing very well in 2013

The bank will cut nearly 80 jobs at its bancassurance division and about 120 jobs at its credit card business, Reuters quoted one banking source familiar with the plan as saying.
September 10th, 2013 - 01:17 GMT

First Gulf Bank to fire hundreds of employees


Tatham said the Arab Spring and tougher European tax regimes had led to an increase in property investment by expatriates.
September 10th, 2013 - 01:11 GMT

Dubai property prices highest in the world

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