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

Iraqi Kurdistan says economy at risk of collapse, asks for US help

Baghdad accuses Turkey of violating the Iraq-Turkey pipeline agreement by allowing Kurdistan to use it

German economy minister heads to Qatar and UAE under NATO pressure to ditch Russian gas

The German government has made it clear that it cannot afford to boycott Russian energy before finding proper alternatives

Lebanese economy minister meets with Turkish, Indian ambassadors to discuss looming crisis

With at least 60 percent of its wheat imports coming from Russia and Ukraine, the Levantine nation is facing a food crisis

As Turkey’s economy collapses, calls for constitutional reforms grow

Soaring inflation, fluctuating currency rates, epic hike rates demand that Turkey institute urgent constitutional reforms

Iran has joined the SCO, now it needs to turbo-boost its economy

With Iran's full accession to the Shanghai Cooperation Organization (SCO) complete, Tehran now needs to wrangle big trade deals with its new regional friends to offset US sanctions against its beleaguered economy.

Protesters storm STC presidential palace in Yemen’s Aden to protest failing economy

Mass protests have been growing across Yemen's southern regions against Saudi occupation troops

Syria under the American whip: Sanctions that kill

The western sanctions weapon is not new to Syria, but since 2019 it has become a lethal one, destroying entire Syrian sectors and killing its people.

Iran, Cuba strengthen ties, denounce US sanctions policy

Amir-Abdollahian condemned Washington's interventions in Cuba's internal affairs and its attempt to stoke unrest in the Caribbean nation

Biden makes U-turn on ‘punishment’ for Saudi Arabia: Report

The development would represent a major change in tone by the White House towards Saudi Arabia and is closely watched by energy experts and policymakers around the world

Iran to begin ‘major revamp’ of Venezuela’s largest oil refinery within weeks: Report

Venezuela and Iran have significantly deepened cooperation in recent years as a way to overcome unilateral US sanctions

EU donates $323m to PA for local projects

The donation will support the Palestinian government in financing local projects in agriculture, health, and civil society

Iraqi, Saudi FMs reaffirm commitment to linking electricity grids

Last year, Iraq and Saudi Arabia signed a memorandum to link their electricity grids

Iraq’s Silk Road: Port and canal project set to transform Baghdad’s geopolitical clout

Iraq’s two ambitious trade corridor projects present an opportunity for a beleaguered Baghdad to enhance its geopolitical status and establish economic independence.

China, Saudi Arabia to establish free trade zone

The Chinese Foreign Minister stressed that both states should expand cooperation in the fields of economy, trade, infrastructure, energy, and technology

Iran, Russia integrate banking systems

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

A panicked Empire tries to make Russia an ‘offer it can’t refuse’

Realizing NATO’s war with Russia will likely end unfavorably, the US is test-driving an exit offer. But why should Moscow take indirect proposals seriously, especially on the eve of its new military advance and while it is in the winning seat?

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

UK Court to rule on controversial weapons sales to Saudi Arabia

A landmark case could finally determine the legality of Britain's arms trade to Saudi Arabia, which is fueling the war in Yemen.

Iran FM’s trip to Syria was to address ‘misunderstandings’

The recent visit of Iran's FM to Damascus was not ordinary. One of its main goals was to address a problem that had emerged between the two countries after the Turkish-Syrian meeting in Moscow.

MbZ meets with Pakistani PM for bilateral talks

MbZ and the Pakistani PM expressed their desire to bolster joint cooperation in the fields of economy, trade, and development

Dead on arrival: The west’s B3W initiative to rival China’s BRI

While Washington is focused on establishing rival 'global' projects to Beijing's Belt and Road Initiative, most of these drive profits and benefits right back to the United States.

Iraqi PM replaces Central Bank governor in midst of economic crisis

While the weakening of Iraq's dinar falls in the spectrum of a rising US dollar, sanctions targeting Iraqi banks and restrictions on transfers have exacerbated the problem

Why is Egypt’s Navy commanding a NATO-led coalition in the Red Sea?

In recent years Egypt has been developing and strengthening its navy in and around the Red Sea, but this is arguably part of a broader US strategy for the region.

The US holds Iraq hostage with the dollar

Since 2003, Iraq is required to send all its oil revenues to a single US bank account. Washington is now weaponizing Baghdad's own dollars against Iraq, by devaluing its currency and hindering payments.

Iranian currency hits record low as EU threatens further sanctions

The New York federal bank has been enforcing stricter controls on international transactions by Iraqi commercial banks to hinder Iran from accessing dollars

Iraqi police raid exchange companies to regulate market rates

The Iraqi dinar has been on a downward slope since the US Treasury started tightening sanctions against Iran

What prompted the urgent, secretive summit in Abu Dhabi?

Key Arab heads of state convened this week for an emergency meeting that excluded the Saudis and Kuwaitis. The likely hot topics under discussion were Egypt's economic collapse and Israel's aggressive escalations.

UAE, India discuss settling non-oil trade in rupees: Report

China also considered settling non-oil trade in local currencies that do not include the dollar

Global South: Gold-backed currencies to replace the US dollar

The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade.