MENA’s wealth surge: Saudi & UAE to witness over 105% growth in 10 years
In January, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE joined the original BRICS cohort, which comprised Brazil, Russia, India, China, and South Africa...
Tag : BRICS
Global economy’s uncertain future
The West thought of hurting Russia's energy trade, the same resource on which Europe's entire economy keeps running...
New Development Bank sells rand-denominated bonds for first time, expert hails move
In August 2023, the New Development Bank reportedly issued both R1 billion five-year bond and R500 million three-year note, as the auction attracted R2.67 billion in bids...
Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
Iran, Argentina submit applications to join BRICS
It was Russian President Vladimir Putin’s first meeting with the leaders of major economies since the beginning of the invasion of Ukraine....
Inside Russia’s stablecoin initiative
by WebAdmin
The project raises legitimate questions on whether a multinational stablecoin can strengthen trade and reduce US dollar dominance...