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Iraq seeks alternative routes as oil exports plunge amid Strait of Hormuz closure

QNABaghdad Iraqi crude oil exports have tumbled from 3.4 million barrels per day to between 1.5 million and 1.7 million barrels per day due to the closure of the Strait of Hormuz.M...

Iraq seeks alternative routes as oil exports plunge amid Strait of Hormuz closure

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Farms in the sight of buyers as thousands of farmers approach retirement

Young farmers seem to be showing a renewed interest in beef and sheep farms with a more positive outlook in the agricultural sector.

  • Approximately 17,000 farms set to change hands in next decade, worth $150 billion.
  • Average farmer age in sheep/beef sector: 50 years, many nearing retirement.
  • Banks more willing to lend to young farmers due to industry's profitability and favorable rates.