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After nearly two weeks of tense debate, the Iraqi parliament finally passed the country’s three-year budget bill, which includes creating tens of thousands of public sector jobs.
Political and security threats from pro-Iran factions have obliged the Iraqi government to postpone implementing the Basra-Aqaba pipeline project.
Iran's currency has continued to sink, reaching record lows on Saturday.
Deputy governor of Iran's Central Bank Mohsen Karimi said Iranian banks 'no longer need to use SWIFT… with Russian bank, which can be for the opening of Letters of Credit and transfers or warranties'.
President Recep Tayyip Erdogan, whose policies have contributed to the lira's plunge, has promoted a new slogan for exports: "Made in Turkiye", using the country's language instead of "Made in Turkey".
Iraq's 2021 budget was revealed by authorities on Thursday.