Economics and Policy
Gold edged lower on Monday after three weeks of gains.
The Lebanese banking sector could see profits drop by up to 20 percent over the next year if the political stalemate in the country persists, the head of the Association of Banks in Lebanon has warned.
Jordan plans to raise power prices after doubling taxes on cellphones to offset a large budget deficit, despite warnings that such measures will provoke a public outcry.
Iranian president-elect Hassan Rouhani is expected to restore the respected former oil minister, Bijan Zanganeh, to the post he held for eight years until hardline president Mahmoud Ahmadinejad came to office in 2005.
Liberal and tribal alliances made the biggest gains in Kuwait's weekend elections, while Shiite representatives lost more than half their seats in the 50-member parliament.
