Bloomberg Iraq has selected a Chinese company for a multibillion-dollar oil-supply deal, as the nation seeks funds to bolster an economy reeling from the coronavirus-triggered collapse in energy prices. SOMO, which oversees Iraq’s petroleum exports, picked a Chinese firm after receiving bids from several traders, the official Iraqi News Agency(INA) reported, citing an interview with the head of SOMO, Alaa …

RIYADH / WAM Entry to Saudi Arabia by sea, land and air resumed following a two week entry ban over fears of a new coronavirus variant, the Saudi Press Agency (SPA) reported. In a statement, the Ministry of Interior said that non-citizens entering from the UK, South Africa or any other countries where the new variant spread, will require to …

Bloomberg China’s central bank has pumped enough cash into the banking system to convince government bond investors that the worst is finally over. Over the past month, the People’s Bank of China (PBOC) has had to work especially hard to rein in borrowing costs after a surge in credit defaults damped commercial lenders’ enthusiasm to make loans. The central bank …