BRICS

The inclusion of Saudi Arabia and the United Arab Emirates (UAE) in the BRICS group signifies a shift in their reliance on the U.S., reported the South China Morning Post on Friday. What Happened: The successful bids of Saudi Arabia and the UAE, the Middle East’s two largest economies, to...

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BRICS has extended invitations to six nations for new membership, per the decision made at a summit held this week in Johannesburg, Arab News reported. On Thursday, South African President Cyril Ramaphosa announced that Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates (...

Chinese leader Xi Jinping was absent from a business forum of the BRICS economic group in South Africa on Tuesday. Instead, his commerce minister delivered a fiery speech in his stead, CNN reported. Xi arrived in Johannesburg for the annual BRICS summit...

Global economic order sees potential disruption as dozens of countries are eyeing membership in BRICS, a collective of Brazil, Russia, India, China and South Africa. This group, positioned as a counterbalance to Western dominance, is convening in Johannesburg this week, sparking speculations about...

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The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at reducing reliance on the U.S. dollar and fostering a more multipolar global financial...

The BRICS nations are converging in South Africa for a three-day meeting, beginning on Tuesday. Ahead of the official start of the summit, China has started a war of words with the G7 nations. What Happened: "If we expand BRICs to account for a similar portion of world GDP as the G7, then our...

Ahead of the upcoming 15th Brics summit, the creator of the Brics acronym, Lord Jim O'Neill, has labeled the idea of developing a common currency for the bloc as “ridiculous” and “unfeasible”. This statement comes as Brazil, Russia, India, China, and South Africa are set to...

“Rich Dad, Poor Dad” author Robert Kiyosaki on Saturday took to X to sing one of his favorite investment tunes. What Happened: “Gold is God's $," Kiyosaki said, adding that the asset has “magical, spiritual and mysterious power.” The metal, according to the best-...

On Wednesday, Robert Kiyosaki, the author of the best-selling book "Rich Dad Poor Dad," tweeted about a potential shift in the global financial landscape. He suggested that the BRICS nations (Brazil, Russia, India, China, and South Africa) might introduce a gold-backed currency, which could...

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...

Dollar bulls could heave a sigh of relief as BRICS nations' plan to float a common currency may not come to fruition any time soon. What Happened: The BRICS, an acronym referring to Brazil, Russia, India, China and South Africa, are meeting in Johannesburg in August 22-24 and it was rumored that...

Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has stated that Bitcoin (CRYPTO: BTC) could reach a staggering $120,000 in the near future.  What Happened: Kiyosaki’s forecast comes as the BRICS nations, consisting of Brazil, Russia, India, China, and South Africa,...

The BRICS countries could soon launch a viable alternative to the U.S. dollar, Russia confirmed this week. What Happened: Brazil, Russia, India, China and South Africa, a coalition of nations going by the moniker BRICS, is set to introduce a new currency backed by gold, Russian English news channel...