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Surviving Daesh, Iraq is grabbed by debt spiral

Already fragile and is largely dependent on oil revenues, Iraq’s economy has sustained a great damage after the rise of the Daesh terrorist group and simultaneous falling oil prices.  As a result, Iraq’s debts have almost doubled for the past four years.  With its...

China won't accept U.S. trade "blackmail" - state media

China's state media said on Saturday the government's retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and they accused the United States of blackmail. Late on Friday, China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from...

Iran Air to receive 5 ATR planes before US sanctions

Iran Air said Saturday it was set to take delivery of five new planes from Franco-Italian firm ATR just before renewed U.S. sanctions go into effect. "Based on existing agreements, five new ATR aircraft will land at Mehrabad Airport at 9 a.m. (0430 GMT) tomorrow (Sunday)," the national...