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UAE ‘to cooperate with BRICS’ on food security and trade

The UAE is committed to collaborating with BRICS countries on joint food security initiatives and the expansion of food trade among member nations.   Dr Amna bint Abdullah Al Dahak, UAE Minister of Climate Change

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UAE ‘to cooperate with BRICS’ on food security and trade

The UAE is committed to collaborating with BRICS countries on joint food security initiatives and the expansion of food trade among member nations.   Dr Amna bint Abdullah Al Dahak, UAE Minister of Climate Change

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Broadening BRICS may have limited economic benefits: S&P

S&P Global Ratings expects a limited near-term economic boost for member countries from the planned expansion of BRICS next year, which could include among others Saudi Arabia and the UAE, according to a new report. “We do not curren

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Expansion of the BRICS and the economic implications

The expansion of the BRICS in late August could encourage greater political overtures and financial generosity from the G7 towards emerging markets going forward, says a report by Focus Economics Insights. The G20 summit later this year

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Saudi Arabia, UAE and Egypt to join BRICS bloc

A summit of the BRICS nations on Thursday decided to expand the group by inviting six more nations to be part of the bloc, including Saudi Arabia and the UAE.   Argentina, Egypt, Iran and Ethiopia will also becom

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Brazil open to BRICS-like bloc with Gulf states: MP

Brazil would welcome a BRICS (Brazil, Russia, India, China and South Africa) like bloc with the Gulf states with the aim of working towards achieving common goals, according to an influential Brazilian Congressman. Brazil is the c

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Gulf states should do more for Syrian refugees: US

Wealthy Gulf Arab states such as Saudi Arabia and Qatar as well as the so-called BRICs emerging market nations should do more to help Syrian refugees, a senior US official said on Friday. "I would like to see more aid come fr

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BRICS set up $100bn development bank

Leaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system. The b

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World leaders pressure Obama over Syria at G20

US President Barack Obama faced growing pressure from Russia's Vladimir Putin and other world leaders to decide against launching military strikes in Syria, which many of them fear would hurt the global economy and push up oil prices.

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BRICS to commit $100 billion to FX fund

The BRICS group of emerging economies will contribute $100 billion to a fighting fund to steady currency markets destabilised by an expected pullback of US monetary stimulus, Russian President Vladimir Putin said on Thursday. &nbs

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