Author: Steven Sahiounie

The five emerging nations have already outpaced the G7 in economic growth, the prominent economist has noted The status of the US dollar as the kingpin currency could be challenged with time and under certain circumstances by the BRICS group of emerging countries, according to Jim O’Neill, the former Chairman of Goldman Sachs Asset Management. O’Neill coined the term BRIC – later expanded to include South Africa – and at the time predicted that the four emerging countries (Brazil, Russia, India, and China) were on their way to reshaping the world economy. “The idea that the dollar will remain king…

The US bank “Goldman Sachs” warned that the Bank of England will not be able to control inflation before the end of 2025 due to the rise in food prices and the “alarming” rise in wages. The Wall Street giant predicted that it would take at least two and a half years for policymakers to return the key rate to the 2% target from the current level of 8.7%. Ibrahim Qadri, a British economist at Goldman Sachs, warned that inflation, which has remained above the bank’s target since August 2021, is beginning to affect a number of goods and services.…

Russian Deputy Minister of Industry Alexei Gruzdev praised the Russian-Saudi relations, stressing that there are broad prospects for cooperation between the two countries in various fields. In response to a question about plans to establish investment alliances (partnerships) between Russia and Saudi Arabia to invest in joint projects soon, the official said in an interview with RT on the sidelines of a mission that includes Russian companies in Riyadh: “Absolutely yes, but the business sector prefers calm (secret) in its work. Gruzdev added: “Therefore, we offer our companies to work quietly, discuss conditions and conclude agreements. On the part of…

Indonesia’s Minister of Tourism and Creative Economy, Sandiago Ono, revealed that his country is about to launch the “Golden Visa” program, and said that the program is in its final stage. To obtain a “golden visa”, foreign nationals visiting Indonesia must meet a number of criteria and have sufficient funds in their accounts. The visa will be issued for a period of five to ten years to foreigners who meet the required conditions. The Indonesian minister expressed hope that the new type of visa would help attract “reliable tourists” to Indonesia, especially Bali. The Minister believes that this entry permit…

Israeli army today stormed the town of Yabad, southwest of Jenin, in the northern occupied West Bank, where they checked and seized the surveillance camera recordings of a number of Palestinian-owned commercial shops and homes, said security sources. Sources told WAFA that forces stormed the town of Yabad from the west side as well as the outskirts of the village of Zibda, where they conducted combing and searching operations and seized the surveillance camera recordings in the area. Forces also set up several checkpoints in the vicinity of Yabad and surrounding villages. Source: Wafa

“Russia attributes great importance to development of this integration format,” Dmitry Peskov said Russia will participate in the BRICS summit at an appropriate level, Kremlin Spokesman Dmitry Peskov said. “Russia will take part in this summit at a proper level,” the spokesman said, answering the question whether President Vladimir Putin participates in the summit that will take place in South Africa in late August. Peskov promised to give “all the details” later. “Russia attributes great importance to development of this integration format,” the Kremlin Spokesman said, referring to BRICS. Source: Tass

The minister is scheduled to hold talks with the African country’s leadership Russian Foreign Minister Sergey Lavrov on Tuesday arrived in the Burundian city of Bujumbura, according to a TASS reporter. The minister is scheduled to hold talks with the African country’s leadership. Burundi is the second country after Kenya that Lavrov is visiting on his latest African tour. Burundian Foreign Minister Albert Shingiro visited the Russian city of Sochi in March 2023 where he held talks with Lavrov. The Russian minister said a news conference afterward that the countries were readying a bilateral agreement on peaceful use of atomic…

The BRICS Foreign Ministers meeting to be held on June 1-2 and the BRICS summit to be held from August 22-24 South Africa’s Department of International Relations and Cooperation has guaranteed diplomatic immunity to participants in the BRICS Foreign Ministers meeting to be held in Cape Town on June 1-2 and the BRICS summit to be held in Johannesburg from August 22-24, according to a document published on the South African government website. “On 29 May 2023, the Department of International Relations and Cooperation issued a notice in the government gazette on Diplomatic Immunities and Privileges for the upcoming BRICS…

The UAE Minister of Energy and Infrastructure, Suhail bin Muhammad Faraj Faris Al Mazrouei, announced the transformational project, “a global market for electric vehicles.” The project is considered one of the transformative projects within the performance agreements of the UAE government agencies for the year 2022. The performance agreements represent qualitative projects that move the UAE towards the future and enhance its competitiveness. Transformational projects are characterized by achieving a significant impact in all sectors within short periods of time, in a way that ensures the implementation of the new government work methodology of the UAE government. In turn, this…

“They also discussed their readiness as NATO Allies to address regional and global challenges, including strengthening transatlantic security at the NATO Summit in Vilnius,” according to the White House President of the United States Joe Biden and Turkish President Recep Tayyip Erdogan held a telephone conversation discussing bilateral relations as well as the cooperation within the framework of NATO to enhance the transatlantic security, the White House said in a statement. “President Joseph R. Biden, Jr. called President Recep Tayyip Erdogan today to congratulate him on his re-election as President of Turkey,” the statement reads. “They expressed their shared commitment…