Iran, Russia integrate banking systems

52 Iranian and 106 Russian banks integrated their interbank communication and transfer systems for trade and financial operations

The Global South births a new game-changing payment system    

Challenging the western monetary system, the Eurasia Economic Union is leading the Global South toward a new common payment system to bypass the US Dollar.

‘Unprecedented’ US pressure on Turkish banks hinders Mir payment system: Kremlin

The US is pressuring countries to abandon the Russian Mir payment system, which has bypassed sanctions

Egypt to adopt Russia’s Mir payment system: Report

Iran, Turkey, and Bahrain have also moved to implement the Russian payment system, ignoring western diktats to cut ties with Moscow

Iran ‘months away’ from joining Russia’s Mir payment system

The two nations are reportedly in 'advanced talks' to implement a payment system that can be used to circumvent western sanctions

Russia, Iran discuss linking card payment systems to overcome US sanctions

Russia is in talks with China and Iran on linking the Russian Mir card payment system with other domestic payment systems

Lebanese banking association opposes financial recovery plan

The announcement comes on the same day that the Lebanese currency hit a record high of 33,500 liras per one US dollar

Exclusive: Russia’s Sergey Glazyev introduces the new global financial system

The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources. And it will liberate the Global South from both western debt and IMF-induced austerity.

Lebanese judge orders seizure of central bank governor Salameh’s assets

Despite Central Bank Governor Riad Salameh's role in collapsing the Lebanese banking system and economy, he continues to enjoy US protection shielding him from embezzlement charges

Iran oil exports reach highest level since 2015

Iran continues to enjoy success exporting oil despite US sanctions re-imposed after the Trump administration's 2018 withdrawal from the Iran nuclear deal

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.

Lebanon loses voting rights at UN General Assembly

This marks the second time Lebanon loses its voting rights since the start of the ongoing crisis in October 2019

Western sanctions against Iran send Iraqi economy reeling

New policies meant to prevent dollar transfers to sanctioned West Asian nations have sent the Iraqi currency spiraling

Turkey delivered dozens of missiles to Ukraine: Report

According to the report, Turkey was the first country to supply Ukraine with such high-accuracy weapons systems in the war against Russia

Russia to donate 25,000 tons of wheat to Lebanon

According to the Lebanese minister of Public Works and Transport, the caretaker government also approved 10,000 tons of fuel for the electricity sector

Everybody wants to hop on the BRICS Express

Eurasia is about to get a whole lot larger as countries line up to join the Chinese and Russian-led BRICS and SCO, to the detriment of the west

Journalists in the firing line

Discrediting journalists who buck the dominant narratives of corporate media is becoming a cottage industry. Last week, it was my turn.

Washington strong-arms Turkey to enforce anti-Russia sanctions: Report

Turkey has remained hesitant about enforcing western sanctions on Russia despite its NATO membership

Lebanese migrant boat capsizes off Syrian coast, dozens drowned

According to an investigation of the United Nations Economic and Social Commission for Western Asia, poverty almost doubled in Lebanon from 42 percent in 2019, to 82 percent in 2021

Under threat of sanctions, some Turkish hotels reject Russian credit cards

Despite several major Turkish banks adopting Russia's payment system, businesses in Turkey are expressing fear of being sanctioned by the west

US, EU increase pressure on Turkey over Russia sanctions

The increase in pressure comes amid a boost in economic and energy cooperation between Moscow and Ankara

Saad Hariri and the collapse of Lebanon

The Syrian regime-change war and Lebanon's economic collapse happened under Saad Hariri's watch, but the Future Movement leader is seldom mentioned for the pivotal role he played in Lebanon's unravelling

Russia, Turkey launch new economic ‘roadmap’

The Putin-Erdogan meeting in Sochi has rapidly accelerated Russian-Turkish economic initiatives and financial ties. These include bypassing western sanctions, integrating money transfers, and trading outside the dollar.

Iran Central Bank and Tehran Stock Exchange launch trade in Russian rubles

Earlier this week, Moscow expressed interest in dropping the US dollar for their bilateral trade with Iran

Presidents of Iran, Russia discuss expansion of strategic bilateral ties

Among issues related to energy and bilateral ties, Russia and Iran also discussed progress on an alternative international banking system to allow trade between the two countries affected by western sanctions

Lebanese government passes reform plan before end of mandate

The plan is part of the government's attempt to adhere to stringent IMF demands

Massive pro-Hezbollah rally in Beirut days before critical election

Crowds gathered for a speech by Hassan Nasrallah, who declared Lebanon has the resources to be a 'strong nation that no longer has to beg at the doors of foreign embassies'

West Asia’s economic savior is called ‘multipolarity’

The transition from a western economic order toward a multipolar one is ushering in unprecedented economic and security advancements for West Asia.

Lebanon IMF deal could derail due to deadlock with banks

Banks have said that the state should privatize public assets to foot the bill for the losses

Saudi ambassador to return to Lebanon at the start of Ramadan: Report

The Lebanese prime minister had earlier expressed his government's commitment to restoring relations with the kingdom and its GCC allies