SCO & BRICS latest news and insights
By Rhod Mackenzie
According to a study by financial intelligence company Sayari, it is possible that certain Russian banks may have found a way to bypass the ban on importing cash dollars and euros into Russia by exchanging gold for them in the United Arab Emirates and Turkey. Bloomberg reported o...
The first meeting of BRICS Sherpas and Sous-Sherpas, organised by Russia as the group's chairman, was held in Moscow. Representatives of the five new members of the association: Egypt, Iran, UAE, Saudi Arabia, Ethiopia and Egypt are taking part in it for the first time.
One of the priorities of BR...
By Rhod Mackenzie
The news that Russia is considering the possibility of storing part of its reserves in the currencies of the United Arab Emirates and Saudi Arabia made us think: why are we always looking for a safe haven abroad and not investing in our own projects?
Stocks abroad
Let's start...
By Rhod Mackenzie
Abu Dhabi's choice to discard the dollar in its trade demonstrates the significant changes the world has undergone in recent years.
There is a new addition to the de-dollarisation supporters, according to cryptopolitan.com, the United Arab Emirates (UAE) has ceased using the Ame...
By Amro Selim
Earlier this year, the UAE, Saudi Arabia and Egypt, alongside Iran, were welcomed into the BRICS alliance, which comprises Brazil, Russia, India, China and South Africa. The inclusion of the Middle East countries, set to come into effect in January 2024, is slated to significantly bo...
By Rhod Mackenzie
Bahrain believes that joining BRICS will bolster its position in the region and in the world in terms of economic development and security, according to the kingdom's ambassador to the Russian Federation, Ahmed Abdulrahman Al Saati, who spoke to RIA Novosti.
Bahrain has official...
