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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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Total housing stock in the Saudi housing market is expected to expand by 2.2 million units during the next 8 years
August 1st, 2013 - 12:55 GMT

Saudi housing demand to increase to 265,000 units yearly

Syria would repay the Islamic Republic for the oil supplied by allowing Iranian investments in various fields in Syria
August 1st, 2013 - 11:55 GMT

Iran extends oil credit line to Syria

Saudi Arabia and the United Arab Emirates had earlier pledged a total of $8 billion in aid to Egypt
August 1st, 2013 - 09:55 GMT

Gulf oil aid pours into Egypt

Daily consumption by power plants rose to 89 million cubic meters of gas and 17,000 tons of fuel oil
August 1st, 2013 - 09:11 GMT

Egypt to divert gas from factories to power plants

The occupancy rate for hotel apartments stood at 85.8 per cent, an increase of 6.5 per cent
August 1st, 2013 - 06:36 GMT

5.5m plus visit Dubai so far this year

13 sectors showed a collection of 656.3 points for the day
July 31st, 2013 - 01:55 GMT

Saudi Banks & Financial Services in 1.81% surge

Iraqi tourists topped the list of visitors to the country, comprising 36 percent of tourist arrivals to Lebanon
July 31st, 2013 - 12:55 GMT

Iraqi and Syrian visitors to Lebanon provide tourism lifeline

Several countries experiencing socio-political upheaval at worst, and fragile economies at best
July 31st, 2013 - 10:55 GMT

Mena business confidence hits year-high

The South Pars gas field holds 8 percent of total gas reserves of the world and half of the country's proven gas reserves
July 31st, 2013 - 09:55 GMT

Gas production to begin in Iran's South Pars

The overall fresh food prices rose 2.3 per cent in July 2013 compared with June 2013
July 31st, 2013 - 07:55 GMT

UAE: Rise in fresh food prices blamed on regional tension

Oman Cement's total sales declined 2.6 per cent to RO27.33mn from RO28.06mn
July 31st, 2013 - 07:43 GMT

Oman Cement net profit up 3%

The majority of suppliers and specialist contractors appear to be holding their prices to protect market share and profit margins
July 31st, 2013 - 06:45 GMT

Egypt's construction sector affected by economic instability

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