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PERSIAN GULF

UAE slams Trump for Iran war fallout, warns of shift to yuan amid dollar shortages: Report

The UAE blames Donald Trump for Iran war economic fallout and has warned it may turn to yuan if dollars run short, according to a report.

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ECONOMY

Dollar, gold fall slightly in Iran market after presidential elections

Dollar and gold prices drop slightly in Iran after Pezeshkian’s victory in presidential elections.

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ECONOMIC DIVIDE

BRICS and the new currency

De-dollarization has begun to take effect as the BRICS nations work towards establishing a new national currency.

IRAQ

"Iraq to restrict all internal transactions to dinar next year, instead of US dollar"

Iraq's central bank says all internal transactions across the country will be carried out using the national currency as of next year, instead of the US dollar.

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CHINA

20 countries favor membership in BRICS: Russian diplomat

BRICS represents about one-fifth of the world’s economy.

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ON THE NEWS LINE

Countries moving away from the dollar

The US Treasury Secretary admits that Washington's practice of imposing sanctions against other nations has put the dollar's dominance at risk.

INFOCLIPS

US sanctions, its dollar weaponization accelerating global de-dollarization move 

US Treasury Secretary says the global de-dollarization move is gaining momentum.

INFOCLIPS

W. Asia-LatAm cooperation, new beginning to end of dollar hegemony

The expanding cooperation between countries in West Asia and Latin America demonstrates a drastic shift away from the US influence and the emergence of a new "systematic order."

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