Iran, Iraq FMs discuss boosting banking cooperation

The phone call between the two foreign ministers comes as Iraq has been pushing away the US dollar in order to strengthen its national currency

Iran, Pakistan discuss banking cooperation and de-dollarization

During the 51st meeting of ACU member states, the central bank chiefs of Iran and Pakistan discussed linking payment systems and ‘reducing dependency on dominant currencies’

Putin and MbS discuss OPEC+, BRICS cooperation

Russia and Saudi Arabia have been moving closer together since the start of the war in Ukraine

Algeria ends cooperation treaty with Spain over Western Sahara conflict

Algeria is Spain's main gas supplier, and this dispute comes at a time when most of the EU faces a severe energy crisis due to sanctions imposed on Russia

Iran, China begin implementing 25-year cooperation agreement

Iran's top diplomat announced that the 25-year Tehran-Beijing cooperation document will be implemented from 14 January

Morocco reopens embassy in Iraq after 18 years

The reopening of the embassy coincides with the official visit of Morocco's minister of foreign affairs

Iran places first import order using cryptocurrency

A top Iranian official and president of the Iran Trade Promotion Organization reported the first import order using cryptocurrency to bypass US sanctions

Iran and Russia ready to drop US dollar in bilateral trade: Kremlin

President Ebrahim Raisi and Vladimir Putin have moved to increase cooperation in order to overcome unilateral US sanctions

Iran soon to be officially admitted into the SCO

The SCO was founded in 2001 in Shanghai by the leaders of Uzbekistan, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, and China

Iran-Russia interbank agreement soon to be implemented, official announces

The pursuit of inter-banking agreements comes amid efforts by Tehran and Moscow to strengthen their economies and bypass western sanctions

Saudi-Russian concord is the secret behind OPEC+

Behind the raft of OPEC+ production decisions riling the collective west lies a tight Russian-Saudi strategy and enhanced Russian-Iranian energy cooperation.

Nine Asian central banks to adopt SWIFT alternative

ACU member states are set to launch the Iranian-developed system within the next few weeks

Assad in Jeddah: Tangibly, what does this mean for Syria?

Arab reconciliation with Syria is a two-way street, with both sides seeking important concessions from each other. While all solutions can be found within a grand regional compromise, not all Arab states will be willing to challenge Washington's red lines.

Russia bank governor visits Iran to strengthen financial ties

Elvira Nabiullina has successfully guided Russia’s economy following the imposition of unprecedented sanctions

Putin, Raisi sign deal to build railway in Iran that can ‘rival Suez Canal’

The major infrastructure project will connect nations in South and Central Asia to northern Europe

Iran expects first batch of Russian SU-35 fighter jets next week

The original purchase agreement was signed between Iran and Russia on 11 March

Exclusive: Iraqi finance committee deputy calls for diversification away from US dollar

The Cradle speaks to Iraqi parliamentarian Hussain Mouanes on the various economic, financial, and political challenges facing Sudani's government.

Iran, India discuss shifting trade to national currencies

Dozens of nations around the world have started to ditch the US dollar for bilateral trade in fear of becoming targets of unilateral sanctions

Russia begins exporting fuel to Iran by rail: Report

Western sanctions on seaborne fuel shipments from Russia have pushed the country to seek new alternatives for cooperation with its allies

OPEC+ nations announce 1.5 million bpd oil production cut

Today's cuts follow a 2 million bpd cut last October, as fears of an economic slowdown continue to loom

To climb out of crisis, Lebanon must look east: Hezbollah leader

Hassan Nasrallah criticized political leaders for their 'unjustified fear' of accepting Chinese investment offers

Iran appoints new ambassador to UAE

Tehran's deputy foreign minister confirmed that the ambassador will depart for the UAE in 'the near future'

US isolation efforts fail as UAE, Iran mend ties

Sheikh Tahnoun bin Zayed Al-Nahyan highlighted the importance of cooperation with Iran and congratulated the country for reaching an agreement with Saudi Arabia to restore diplomatic ties

Gazprom CEO visits Tehran to advance $40bn oil and gas deal

Last year, Moscow signed an agreement to develop several of Iran's oil and gas fields and build LNG pipelines in the country

From Russia with Love: Su-35s to Iran will strengthen defense ties

Iran's possible purchase of Russian fighter jets would further solidify the existing strategic partnership between Moscow and Tehran, and impact their global power competition with the west.

In a US-China confrontation, West Asia will bow out

A significant increase in geopolitical and economic ties with China has offered West Asian states an alternative to the US, which has traditionally been the region's security guarantor.

Iran’s pursuit of soft power in the Balkans

The Balkans presents a crucial junction for Tehran as an access point to Western Europe and an avenue for advancing its regional political and economic interests.

Washington’s Dollar-and-Stick ploy with Iraq

Iraqi officials are in Washington to discuss “economic reforms” but are in fact being pressured to shun Iranian energy imports in the hope of having US sanctions and dollar rations lifted.

The Big Stiff: Russia-Iran dump the dollar

News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.  

Iran to receive Russian Su-35s ‘soon’: Official

Tehran has not acquired any new military aircraft since it purchased Russian MiG-29 Fulcrum jets in the 1990s