SCO & BRICS latest news and insights
By Mohamed Al-Kazzaz
Vladimir Kazbekov, the vice President and CEO of the New Development Bank (NDB), was in Cairo to launch the bank’s operations in Egypt.
Established in 2015 by the BRICS group of countries consisting of Brazil, Russia, India, China and South Africa, the NDB is a multilateral...
Over the past year, the BRICS economic alliance has grown notably in its prominence. Indeed, the bloc enacted its first massive expansion since 2001, inviting six nations to join its ranks. Subsequently, amid that expansion, the BRICS alliance is predicted by Goldman Sachs to dominate global GDP by...
The total investable wealth currently held in the BRICS bloc amounts to USD 45 trillion and its millionaire population is expected to rise by 85% over the next 10 years, according to the inaugural BRICS Wealth Report, published by international investment migration advisory firm Henley & Partners in...
By Rhod Mackenzie
India's economy has become the fastest growing on the planet, with a GDP growth of 7.5%. The Prime Minister Narendra Modi announced this at the opening of the International Energy Week in Goa.
He stated that the Energy Week comes at a very important time, as India's GDP growth r...
By Rhod Mackenzie
The real estate crisis in China has the potential to trigger a more severe and prolonged crisis, leading to a lost decade for the country. This could have a significant impact on the global economy.
The ongoing crisis in China is not the first time the real estate market has exp...
By Rhod Mackenzie
In 2023, the Russian economy coped with such external challenges that no other country in the world has ever faced. In the new year, solving more internal economic problems will come to the fore. Will Russia be able to defeat inflation and increase budget revenues? Here we list a...
