25 July 2021

Lebanon, Iraq ink deal to exchange fuel oil for medical services


The deal comes as Lebanon, which is in the throes of an economic meltdown threatening its stability, has all but run down in foreign reserves and faces a growing shortage of fuel, medicine and other basic goods.Lebanon's Minister of Energy and Water Raymond Ghajar (L) and Iraq's Finance Minister Ali Abdul-Amir Allawi (R) sign bilateral agreements, in the Iraqi capital Baghdad on July 24, 2021.(AFP)Lebanon has signed a deal to broker Iraqi fuel sales in hopes of alleviating a crippling financial [...]