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Egypt to issue bonds in China’s currency yuan

The US dollar may be losing its dominance in the Middle East to the yuan. Egypt has decided to issue bond’s denominated in China’s currency, the yuan. Egyptian Finance Minister Mohamed Maait said at a press conference today that Egypt will issue $1.5 and $2 billion’s worth of the yuan-denominated …

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Iran urges dialogue amid Iraq turmoil

Iranian authorities have called on Iraqi factions to seek political solutions as Baghdad streets saw deadly clashes between members of the Shiite Sadrist movement and their Tehran-backed rivals. Iran’s President Ebrahim Raisi said constitution-based dialogue among political blocs was the only path toward stability and security in Iraq, where the …

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