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.

Russia’s judo kick to the western financial gut

Washington's sanctions on Moscow will destroy Europe, not Russia

Global financial crimes watchdog adds UAE to list of money laundering hot spots

The financial watchdog has accused Emirati authorities of not doing enough to combat widespread money laundering activities

Banks behaving badly: Lebanon’s financial sector goes rogue

The IMF says some Lebanese banks are liquid enough to pay 100 percent of the value of deposits up to $200,000. But no government body will force banks to pay depositors or restructure this collapsed sector.

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.

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.

Can western intel agencies spy on Hezbollah via crypto?

Although branded as a safe and secure mode of transaction, cryptocurrency networks are still vulnerable to hacking. In sanctions-hit and economic crisis-ridden Lebanon, this poses an existential threat to all Lebanese.

Major Russian bank introduces transaction service with Iran

Lately, Iran and Russia have been stepping up banking and trade cooperation in an effort to confront an aggressive western sanction policy

Cash-strapped Afghanistan offers to barter dried fruits, medicinal herbs for Russian fuel

Afghanistan's humanitarian crisis took a turn for the worse this week, after the White House finalized their theft of $7bln of the country's foreign reserves

Iraqi Kurdistan president linked to money laundering scheme in the US: Report

Last year, the Pandora Papers showed that the US is second only to the Cayman Islands in facilitating money laundering and tax evasion

Russia surpasses Iran and Syria as most sanctioned country in the world

Western sanctions placed on Russia after 22 February have surpassed the extent of sanctions on Iran, Syria, and North Korea

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.

Iran’s newly found natural gas reserves in the Caspian Sea could meet 20% of Europe’s gas needs

The Chalous natural gas deposit is the second largest in the Caspian Sea

Iran, Russia integrate banking systems

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

US sanctions former Paraguayan president for alleged Hezbollah ties

Paraguay's former president and current VP have been previously accused of being involved in systemic corruption

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

Investment in Saudi startups reached $1bn in 2022

Saudi Arabia achieved the highest growth of venture capital funding among top Gulf countries last year, amounting to a 72 percent increase from 2021

Crypto firm Binance processed $7.8 billion in Iranian funds

$7.8 billion allegedly flowed between Iran's largest crypto exchange, Nobitex, and crypto powerhouse Binance

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.

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

Iran will soon accept Russian payment system for international shoppers

Once Mir cards are accepted in Iran, tourists and visitors from Russia can shop in Iran without having to use cash

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

Lebanon CB chief carried out ‘self-audit’ to clear himself of corruption: Report

Salameh’s lawyer has maintained that the financial review constitutes an audit under international standards

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

Sanaa reconsiders extension of UN-brokered ceasefire

The warning comes just as the Saudi-led coalition has seized two more emergency fuel ships headed to Yemen

Saudi Arabia seizes Yemen-bound oil ship, blacklists several for aiding Sanaa

Saudi Arabia has continued to enforce its naval blockade on Yemen despite a ceasefire agreement, creating what the UN calls 'one of the worst humanitarian crises of our time'

The Sanctioned Ones: How Iran-Russia are setting new rules

While China, keen to ward off US sanctions as long as possible, is lagging, its RIC partners Iran and Russia are doing the legwork to break the west's global financial grip.

US ‘coercive diplomacy’ with Saudi Arabia

While a carrot may advance US interests infinitely better than a stick at this sensitive juncture in US-Saudi relations, all indications are that Biden will resort to the stick.

Data leak exposes money laundering scheme in Dubai’s real estate market: Report

Earlier this year, the UAE was placed on a list of countries subject to increased monitoring due to rampant money laundering activities

Saudi royals sell foreign assets after Crown Prince cuts income

The Saudi Media Ministry did not respond to questions about the finances of members of the royal family