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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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In 2012, around 30 ICT firms, including gaming and content development companies, closed their offices and left the Kingdom.
September 3rd, 2013 - 09:10 GMT

ICT hub in danger? Major gaming company to leave Jordan

44 per cent work of employees work remotely for half the week or more (Photo Credit: Shutterstock).
September 3rd, 2013 - 08:03 GMT

Time to ditch the desk? Half the world thinks so!

Concerns however remain depending on how the situation evolves in the coming days.
September 2nd, 2013 - 01:23 GMT

Thanks to delayed US action, GCC markets are rebounding

 
Al-Faisal said on 19 August that his country, which boasts a budget surplus of over $100 billion, would compensate Egypt for any aid cuts from Western nations.
September 2nd, 2013 - 12:37 GMT

"Aid to Egypt will not be cut", promises Saudi Arabia

 Buildings to be constructed in the near future in Dubai will be built under a new set of rules to ensure they are able to withstand earthquakes within the region.
September 2nd, 2013 - 11:53 GMT

Are Dubai’s towers earthquake-proof?

"Priceless Arabia will give cardholders unique experiences in one of the world’s most diverse and exciting regions,” said MasterCard.
September 2nd, 2013 - 09:18 GMT

MasterCard now providing cardholders a 'Priceless' experience in the Middle East

The minister said that priority was given to funding “added-value projects that can solve central issues of energy, water and transportation”.
September 2nd, 2013 - 06:36 GMT

Jordan ready to utilize GCC grant, but waiting for payments and green light

“Our top priority at JIB is to attract investments in the renewable energy sector due to the dire need of the Kingdom to diversify energy resources," said Awni Rushound, CEO of the Jordan Investment Board.
September 2nd, 2013 - 06:26 GMT

Jordan's energy sector about to attract phenomenal investments

HSBC will discontinue sales of any new Wealth Investment or Wealth Insurance products in Lebanon, Jordan and Bahrain from 07 October 2013.
September 1st, 2013 - 01:39 GMT

HSBC suspends wealth management in three MENA countries

UAE airlines’ expansion in the region has helped boost numbers of Saudi Arabian visitors to the UAE.
September 1st, 2013 - 01:21 GMT

Saudi spending habits driving UAE retail revenues

Based on the agreement, Iran would earn $3.7 billion a year from natural gas exports to Iraq.
September 1st, 2013 - 12:55 GMT

Iran to remain bound by gas export deal with Iraq

Qantas which reduced its international losses from $484 million to $246 million in financial year 2012-13, still has to cover a long distance before flying on high altitude.
September 1st, 2013 - 10:27 GMT

Qantas and Emirates airline about to reach higher profit altitudes

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