Some countries in the region are increasingly looking away from the dollar. The Iraqi Central Bank said on Wednesday that it will conduct trade with China in its currency, the yuan. “Financing of foreign trade with China will be organized directly using the Chinese yuan,” the bank said in a …

The Russian invasion of Ukraine hurt the region economically, as supply chain disruptions and food shortages topped respondents concerns in Turkey, Egypt, Yemen and Iraq WASHINGTON — One year after its invasion of Ukraine, Russia’s image has taken a hit in Turkey, Yemen and Iraq, according to the latest Al-Monitor …

The Islamic Emirate of Afghanistan’s (IEA) administration has set up a consortium of companies, including some in Russia, Iran and Pakistan, to create an investment plan focusing on power, mining and infrastructure, the commerce minister said on Wednesday. The consortium included 14 Afghan businessmen and foreign companies who would send …