SCO & BRICS latest news and insights
By Rhod Mackenzie
Qatar plans to take advantage of the temporary suspension of liquefied natural gas (LNG) export licences by the United States in January 2024 and increase its own production and exports by a further 16 million tonnes a year by the end of the decade. According to Bloomberg, Qatar...
The international financial and development institutions should be reformed to reflect the interests of the Global South, Secretary-General Antonio Guterres has said.While the BRICS can play an important and complementary role for developing nations, he stressed that it should not contribute to a fr...
By Rhod Mackenzie
Russia has outwitted all the Western sanctions imposed on it - and China is taking a closer look, writes the UK's The Economist, with a characteristic subtitle - "How the rise of the middle powers is helping America's enemies".
The world has witnessed an unprecedented rise in f...
The total investable wealth currently held by the BRICS member states amounts to $45 trillion, according to Henley & Partners' inaugural BRICS Wealth Report.
The BRICS group of emerging economies, which previously comprised Brazil, Russia, India, China, and South Africa, underwent a major expansio...
By Rhod Mackenzie
Iran has set up a number of companies in the United Arab Emirates (UAE) to circumvent sanctions and increase its exports to China, according to the head of the Iran-China Chamber of Commerce, Majid Reza Hariri.
"Some of Iran's exports to the UAE continue on to China. Iran has se...
By Rhod Mackenzie
The economic weight of the European Union and the euro area in the world has been declining for the last three decades. Events since 2019 have intensified this trend, and the sanctions against Russia, which have boomeranged on Europe itself, are making the trend downwards totally...
