The New Development Bank (NDB), also known as the "BRICS bank," is in talks with Saudi Arabia on admitting the Middle Eastern nation as its ninth member, which would strengthen the NDB's funding options amid the impact of the Russia-Ukraine conflict, according to media reports.
"In the Middle East...
Oil prices rose slightly in early Asian deals on Wednesday, June 28, after published statistics showed that crude oil inventories in the US declined last week. At the same time, the expectation of new signals about world interest rates keeps traders on their toes. If rates continue to rise, this wil...
By Rhod Mackenzie
The independent analytical center "Official Forum of Monetary and Financial Institutions" (OMFIF), of course, could not pass by the de-dollarization that was gaining momentum, i.e. the process of losing the status of the dominant currency by the US dollar, and conducted a survey...
By Mohammed Al Asoomi
The changes brought about by the Russian-Ukrainian war are spreading at an accelerated pace, driven by objective developments and historical influences. These warrant a reconsideration when adapting to economic and geopolitical shifts.
A major manifestation of this is the c...
The free trade agreement currently being negotiated between China and the Saudi Arabia-dominated Gulf Cooperation Council needs to protect emerging Gulf industries, Khalid al-Falih, the Saudi investment minister said on Sunday, (June 25) adding he hoped it would be finalised soon.
“We need to enab...
Dr. Mansukh Mandaviya, Minister of Health & Family Welfare, addressed the BRICS Health Ministers Meeting 2023 on the side-lines of the World Health Assembly in Geneva. The meeting brought together health ministers from BRICS member countries- Brazil, China, Russia, and South Africa.
Dr. Mandaviya...