Business

Iraq Exports 900,000 Tons Of Barley Within Days

The Parliamentary Agriculture Committee announced that Iraq intends to export 900,000 tons of barley during the coming days after achieving self-sufficiency, stating: “Iraq will announce its readiness to export fish, chicken and eggs during the next six months.” The head of the committee, Salam al-Shimmari said in a statement that …

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China says UK ban on Huawei ‘severely’ damages investment confidence

Britain’s “discriminatory” ban on Huawei has severely damaged China’s investment confidence in the country, China’s commerce ministry said on Thursday, adding it will take necessary measures to defend Chinese firms’ legal rights. Prime Minister Boris Johnson on Tuesday ordered Huawei equipment to be purged completely from Britain’s 5G network by …

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IMF: Mideast loses $270B oil income amid virus, recession

The imf’s energy producers are expected to earn $270 billion less in oil revenue compared to last year as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the International Monetary Fund’s outlook released Monday. The international lender expects an overall economic contraction …

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