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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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 A total of 2,877 students, achieving an average of 89.2 per cent marks in their high school degrees, were accepted for the 2013-2014 academic year.
August 20th, 2013 - 02:12 GMT

University of Sharjah approves Dh605m ($164m) budget

The proposed bank, Ensour added, would not accept deposits in order not to compete with commercial banks in the Kingdom.
August 20th, 2013 - 02:02 GMT

Going small? Jordan to finance SME's

This brings to an end three consecutive years of declining FDI flows to the region since the pre-financial crisis peak of $61.7 billion in 2008, said NBK in an economic update.
August 20th, 2013 - 12:27 GMT

A three-year awaited development: FDI's in GCC no longer declining!

More than 50 local and international companies have signed agreements with KAEC,
August 20th, 2013 - 12:01 GMT

King Abdullah's Economic City labour complex to reach news heights

Goldman Sachs said Monday it expected tighter oil markets to propel Brent to $115 “in the very near term.”
August 20th, 2013 - 07:00 GMT

Libya, Egypt push oil prices up to $110 a barrel

Total state spending came in slightly below the initial plan of 178.6 billion riyals for the fiscal year that ended in March.
August 20th, 2013 - 06:33 GMT

Qatar is spending less and less- on almost everything

At least five companies are competing to design a major expansion of Bahrain International Airport, which includes a new terminal and could cost up to BD20 million ($52.8 million), a report said.
August 20th, 2013 - 06:10 GMT

Five firms bid for $52 million expansion of Bahrain's airport

Estimates reveal that the largest sector to benefit from this investment is likely to be the construction industry, dominated by the newly-sanctioned hospital projects and infrastructure in Kuwait.
August 19th, 2013 - 12:42 GMT

Kuwait's $16 billion investments revealed

Samsung has the second largest market share of 13.8 per cent, followed by Blackberry with 10.7 per cent and Apple with 7.4 per cent, said the TRA's ‘Smart Phone and Mobile Operating Systems’ review.
August 19th, 2013 - 12:18 GMT

How retro: Nokia continues to dominate UAE mobile industry

The insurance industry in the GCC region is catching up with the global trend and has witnessed a CAGR of about 18 per cent between 2006 and 2012.
August 19th, 2013 - 12:03 GMT

GCC insurance industry to reach $40 billion by 2017

Ramsay will select head chefs for the new venture to re-locate to Dubai and develop menus that will cater to regional demands.
August 19th, 2013 - 10:30 GMT

Hell's kitchens coming to Dubai

About 332 million Egyptian pounds ($48 million) of shares were traded, compared with a one-year daily average of 391 million pounds.
August 19th, 2013 - 07:46 GMT

Egypt's stock market plummeting

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