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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 bank has said it is providing financial institutions with U.S. dollars at the rate of 175 pounds since last month.
September 1st, 2013 - 09:45 GMT

Syrian regime has had enough --with currency flight

The International Atomic Energy Agency (IAEA) is providing technical assistance to GCC states in this regard.
September 1st, 2013 - 08:24 GMT

Learning the lesson: GCC plans emergency nuke alert system

QNB Group, the largest GCC bank by assets, is the only Qatari bank in the top ten list and was the fastest growing bank with total assets expanding by 30 percent in the 12 months to end-June 2013.
September 1st, 2013 - 07:38 GMT

Top ten GCC banks among the fastest growing globally

The case for Dubai received a significant boost last week with the New York Times suggesting that the emirate was the frontrunner — and deservedly so. (Pictured: An artist impression of the site where the expo will be held).
September 1st, 2013 - 07:38 GMT

Why Dubai is about to win the Expo 2020 bid

The government would present its economic programme to Gulf Arab countries, in particular the United Arab Emirates, which has already agreed to finance medical projects and 10 wheat silos.
August 29th, 2013 - 12:28 GMT

Egypt unveils new economic roadmap

Abe is on a six-day trip through Thursday that has taken him to Bahrain, Kuwait, Djibouti and Qatar.
August 29th, 2013 - 11:09 GMT

After signing with Bahrain, Japan now building strategic partnership with Qatar

Many of  Indian travellers to Jordan, mainly from Kerala, Tamil Nadu and Karnataka, went to Jordan for religious reasons. Pictured: Mount Nebo. (Photo Credit: Getty Images).
August 29th, 2013 - 07:46 GMT

Jordan unveils its religious attractions to woo Indian tourists

While the correction in Dubai was partly due to the geopolitical tension, it was also looking for a chance to correct, as some experts believe it was an overheated market.
August 29th, 2013 - 07:30 GMT

Dubai and Saudi bourses see heavy buying, others still struggling

Sultan Qaboos Bin Said of Oman (Getty)
August 28th, 2013 - 11:08 GMT

Sultan Qaboos' visit to Iran marks big boost to energy ties

Qatar Airways will work with FC Barcelona to create joint initiatives and will especially focus on connecting with the club's fans and also with underprivileged children to spread the love of the game to all corners of the globe, it added.
August 28th, 2013 - 10:35 GMT

Qatar airways seals historic deal with FC Barcelona

The two countries enjoy strategic interests and are signatory to several agreements in the areas of trade and investments.
August 28th, 2013 - 10:09 GMT

Jordan wants to do business with Egypt

Nissan's chief executive Carlos Ghosn had earlier said that he wants the company to be the first to sell self-driving cars.
August 28th, 2013 - 09:10 GMT

What will Saudi Arabia have to say to women? Nissan to launch 'driverless' cars by 2020

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