Home The Buzz Business briefing: 12 Aug 2013

Business briefing: 12 Aug 2013

Iran plans more oil output, plus other news

by Executive Staff

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.

More from Reuters

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.

More from The Daily Star


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.

More from Arabian Business


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.

More from Reuters


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.

More from Arabian Business

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