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Qatar Airways raises holding in IAG to 20%

  Bloomberg Qatar Airways Ltd. raised its stake in British Airways owner IAG SA to 20 percent, taking advantage of a drop in the company’s stock price since the Brexit vote last month. Qatar Airways, which increased the holding from 15.7 percent as of July 28, doesn’t plan to add to the stake, the company said Monday in a statement. ...

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Oil market oversupplied, balance to be restored: Iran

  Reuters Iran’s Oil Minister said on Monday the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reported on Monday. “The oil market is oversupplied now but there are expectations that there will be balance between demand and supply in the market,” Bijan Namdar Zanganeh was quoted as saying by Iran’s ...

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Egypt to take new look if ergot fungus poses risk to wheat

  Bloomberg Egypt, the world’s largest wheat importer, will take another look at the risks of the ergot fungus, less than a month after the government said it would accept it in purchases of grain from overseas. The Agriculture Ministry formed a committee to assess if the fungus in imported wheat poses a threat to the local crop, Minister Essam ...

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