Economics and Policy
Bijan Namdar Zanganeh, a former Iranian oil minister who has been nominated by President Hassan Rouhani to take over the ministry again, pledged to boost Iran’s oil output should he be approved by the parliament.
The abduction of two Turkish Airlines pilots could deal the last blow to Lebanon’s ailing tourism sector, caretaker Tourism Minister Fadi Abboud warned over the weekend.
The unemployment rate in Bahrain rose nearly 17 percent in the second quarter of 2013, compared to the first quarter of the year, government officials said.
Companies and Business
National Bank of Ras al-Khaimah (RAK Bank) has appointed Peter England, previously a senior banker at Malaysia’s CIMB Group, as its new chief executive.
Tata Steel Europe has won an order to manufacture 60,000 tonnes of high-quality rail for a new high-speed line linking the two holy cities of Makkah and Madinah in Saudi Arabia.