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By the numbers: The de-dollarization of global trade
Data suggests that US dollar reserves in central banks are dwindling, as is the influence of the US on the world economy. This presents a unique opportunity for regional currencies and alternative payment systems to enter the vacuum.
Jan 13, 2023
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Russia and its national Arctic passage: Pushing trade frontiers eastward
Ice-free Arctic routes created by climate change have opened up the first new global shipping route in a century. The Russian-developed water passage is bound to disrupt the lengthier Atlantic-centric routes for global commerce.
Jan 12, 2023
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Annual trade between Iran, Oman expected to reach $2bn
During a visit to Muscat, Iranian foreign minister Hossein Amir-Abdollahian delivered a letter from President Ebrahim Raisi that stressed the importance of advanced bilateral cooperation
Dec 28, 2022
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Turkiye, Algeria to increase trade by $10bn
1,400 Turkish companies have invested a net amount of $5 billion in Algeria this year
Dec 11, 2022
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Chinese leader urges GCC nations to adopt yuan, Shanghai exchange for oil and gas trade
Xi Jinping called China and Gulf nations 'natural partners' and urged regional leaders to be partners in promoting unity, development, and security
Dec 09, 2022
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UAE’s global trade increased by 19 percent in first 9 months of 2022
The country's foreign trade volume is expected to reach $599 billion by the end of the year
Dec 07, 2022
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Saudi Arabia and China to boost energy cooperation
The decision to bolster energy cooperation between Riyadh and Beijing has been seen by experts as a slight to Washington
Oct 22, 2022
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West cannot solve global energy crisis by bullying and sanctioning nations: Turkey
Ankara called on western nations to stop antagonizing Iran, Venezuela, and Saudi Arabia at a time when a large part of the world has been blocked from purchasing Russian oil and gas
Oct 21, 2022
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Global finance vs global energy: who will come out on top?
There is more to the current struggle between the oil-consuming west and the oil-producing nations than meets the eye and it runs far deeper than the war in Ukraine
Oct 13, 2022
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Putin receives UAE president in Moscow to discuss energy markets, international issues
Before Sheikh Mohamed bin Zayed al-Nahyan arrived in Moscow, he visited Serbia to discuss mutual cooperation between the two countries
Oct 11, 2022
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Ted Cruz tries to derail US-brokered energy sharing plan for Lebanon
The plan has failed to materialize since it was first proposed, due to a US reluctance to exempt the states and companies involved from Caesar Act sanctions
Oct 06, 2022
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German chancellor visits Gulf, signs energy security deal with UAE
Scholz's tour is part of Germany's latest efforts to diversify its energy supply amidst a looming energy crisis
Sep 25, 2022
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Turkey hikes energy costs as inflation soars
The Turkish president’s controversial economic policies have contributed the country’s deteriorating economy
Sep 01, 2022
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Iran and Russia carry out first-time trade in national currencies: Official
The two nations also announced a gas swap deal that will be implemented 'soon'
Aug 25, 2022
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UK to significantly reduce tariffs in trade with Syria
London is moving to give 'enhanced trading status' to several developing nations in order to soften the blow of losing access to Russian energy
Aug 19, 2022
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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
Jul 18, 2022
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Israel sets to reopen trade office in Turkey to expand relations
Bilateral trade between Tel Aviv and Ankara rose to 30 percent last year, reaching $7.7 billion
Jul 05, 2022
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Iran, Kazakhstan sign cooperation agreements set to increase trade to $3 billion annually
The visit by President Tokayev comes shortly after the visit of the foreign minister of Pakistan, and the presidents of Venezuela and of Turkmenistan
Jun 19, 2022
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‘Trade between Turkey and Venezuela will reach $1bln in 2022’: Erdogan
The Venezuelan president travelled to Algeria after his meeting with Erdogan, and Iranian media reports revealed he is also set to visit the Islamic Republic
Jun 09, 2022
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Lebanese energy minister visits Syria to discuss energy transfer plan
The long-awaited plan to receive energy transfer from Egypt via Syria has stalled due to US refusal to grant sanction waivers to the nations involved
May 15, 2022
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World Bank refuses to fund US-brokered energy plan for Lebanon
Aside from lack of funding, the project to transfer Egyptian and Jordanian energy to Lebanon via Syria requires a sanctions waiver guarantee from the US, which is yet to be issued
Apr 23, 2022
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Egypt still waiting for US clearance to transfer energy to Lebanon
Despite ongoing assurances from US officials, Beirut has been waiting for months for the start of energy transfers from Egypt and Jordan
Apr 16, 2022
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Turkey inflation reaches 61 percent amid soaring energy prices
The conflict in Ukraine has caused a surge in global commodity prices, threatening Turkey’s latest economic program which aims to achieve account surplus
Apr 04, 2022
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Israel begins talks with UAE to establish free trade agreement
The announcement comes on the same day the Israeli energy minister called for the cancellation of a major oil deal between Tel Aviv and Abu Dhabi
Nov 16, 2021
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‘Not a choice, but necessity:’ Iran, India recalibrating ties amid geopolitical shifts
Following a drop in trade brought on by US sanctions, New Delhi and Tehran - boosted by their mutual strong relations with Moscow - are set to revamp ties in a new era of Eurasian multipolarity. 
Dec 01, 2022
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Turkey initiates switch to ruble for Russian gas payments
Despite increasing threats from the west, Turkey has bolstered its economic ties with the Kremlin at a time when it faces runaway inflation and a rapidly depreciating currency
Nov 08, 2022
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Russia’s judo kick to the western financial gut
Washington's sanctions on Moscow will destroy Europe, not Russia
Mar 08, 2022
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Follow the money: how Russia will bypass western economic warfare
The US and EU are over-reaching on Russian sanctions. The end result could be the de-dollarization of the global economy and massive commodity shortages worldwide.
Mar 01, 2022
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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
Jan 25, 2023
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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.
Jan 25, 2023
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