SCO & BRICS latest news and insights
By Rhod Mackenzie
Amid concerns that the conflict between Israel and the Gaza Strip could escalate further within the region, crude oil prices have increased. Additionally, the potential response of Iran and the United States to the ongoing situation has contributed to the unease amongst market pa...
By Rhod Mackenzie
The military conflict in Israel and the Palestinian territories have caused strain on the global economy and financial system that were already struggling. Although the initial impact has been moderate, investors remain apprehensive about other equally pressing issues. If the hos...
By Rhod Mackenzie
For the first time, Brussels announced with pride that it was ahead of schedule for the filling of the underground gas storage facilities (UGS) for the upcoming winter in August. By the end of summer, the UGS had reached 90% of their total capacity, which was the mandated require...
By Rhod Mackenzie
Russia's United Oil- and Gas-Chemical Co. (ONGK) and China's Xuan Yuan Industrial Development have agreed to jointly invest 5 billion yuan (£557 million) to construct a transshipment oil complex in the far east of Russia, according to the Roscongress fund.
The complex will enab...
By Salem AlKetbi
When a country of Saudi Arabia’s size and weight joins the BRICS bloc, the discussion naturally turns to the benefits of the bloc, not just the invited country. It is not an overstatement to say that the bloc will be the biggest beneficiary of this major geostrategic agreement in...
By Rhod Mackenzie
Of all the currencies in the G20 countries, the ruble is considered the most undervalued. Analysts from Finam have calculated that the real exchange rate is only 33 rubles per dollar, which is three times lower than the official rate. The analysts explore whether the ruble truly...
