Economy & Trade

Russia And Türkiye Agree To Trade In Rubles And Dump US Dollar

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Plans to increase bilateral trade to US$100 billion by 2030 Turkish President Recep Tayyip Erdogan has said that at his meeting with Russian counterpart Vladimir Putin in Sochi on Friday (August 5) they reached an agreement to start using the Ruble in bilateral trade. Erdogan stated “At the meeting in Sochi with Mr. Putin, we […]

The Abraham Accords Are Attracting Chinese & Western Investment In The Middle East

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Dubai is repositioning itself as a Gateway to billions of dollars of Asian investment  Op/Ed by Chris Devonshire-Ellis   They’ve tended to be under the radar for many, however the Abraham Accords (AA), a series of treaties normalizing diplomatic relations between Israel, the United Arab Emirates (UAE), Bahrain, Sudan, and Morocco are already having a […]

China and Iran: Bilateral Trade Relationship and Future Outlook

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Iran is an important economic and trade partner for China in the Middle East. China’s trade with Iran dates back to the ancient Silk Road in the first century BC. In recent years, the two countries have maintained regular high-level contacts, and bilateral economic and trade cooperation has continuously deepened. Iran is also an important […]

The China-Iran 25-Year Cooperation Agreement: What is it and Should Investors be Encouraged?

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We take a look back at the China-Iran 25-Year Cooperation Agreement, signed on March 27, 2021, and its implications for the status quo. China and Iran signed a 25-year strategic cooperation agreement on March 27, 2021, addressing economic issues amid crippling US sanctions on Iran. The deal was reached on the 50th anniversary of the […]

Turkey to Forge Closer Ties with ASEAN and Asia

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Turkey is seeking to forge closer ties with ASEAN and Asia through its Asia Anew initiative which was launched in late 2019. The Turkish government is keen to point that the Asia Anew initiative does not constitute an axis shift in its foreign policy, but a way to diversify its economic partnerships.

Russia, Iran, and Turkey Establish Foreign Trade Action Plan to Cease US Dollar Trade

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Russia, Iran and Turkey will establish a Foreign Trade Action Plan among themselves and will cease to use the US$ as a trading currency between them.

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