Iran applies to join BRICS group of emerging economies

Russia and China have increased efforts to expand the economic cooperation group to counter western sanctions

Algerian president welcomes Saudi foreign minister

Similar to Saudi Arabia, Algeria expressed its desire to join BRICS in 2023 as a means to diversify its economy away from western states

Iran, India discuss shifting trade to national currencies

Dozens of nations around the world have started to ditch the US dollar for bilateral trade in fear of becoming targets of unilateral sanctions

Saudi-Iran rapprochement benefits West Asia: Hamas

Haniyeh was quoted as telling the Iranian diplomat that Israel is ‘not pleased’ with the deal between Tehran and Riyadh

Iran, Brazil ready to launch direct shipping route: Official

Brazil has recently expressed an intention to enhance its trade relations with the Islamic Republic

BRICS nations working on ‘fundamentally new currency’: Russian official

The US dollar's hegemony in international markets continues to deteriorate partly due to the Global South's refusal to enforce western sanctions against Russia

Saudi oil giant to build refinery in northeast China

The Saudi oil conglomerate has pledged its full support to the east Asian country’s growing demand for fuel and petrochemical products

UAE, Turkiye ink agreement boosting trade to $40bn over five years

Ankara and Abu Dhabi have been mending ties over the past year with several trade and weapons deals

Major boost in North African imports of Russian energy: Report

Analysts have suggested that the oil is being re-exported from North Africa into European markets to alleviate the energy crisis plaguing western nations

Saudi Arabia eager to join SCO, BRICS: Russian diplomat

The Gulf nation’s membership in the SCO is being actively discussed, while the idea of joining BRICS is under consideration

By the numbers: The de-dollarization of global trade

Data suggests that US dollar reserves in central banks are dwindling, as is the influence of the US on the world economy. This presents a unique opportunity for regional currencies and alternative payment systems to enter the vacuum.

Algeria looks forward to joining BRICS in 2023: President Tebboune

The North African gas giant is set to boost its GDP and human development metrics over the next year in order to join the bloc of emerging economies

Algeria, China sign implementation plan for ‘Belt and Road’ initiative

The BRICS group of nations represents the world’s most prominent economies outside of the western hemisphere

Algeria to sign massive arms deal with Russia: Report

Algeria has signed significant weapons deals with Russia before, making it a potential target for US sanctions

Algeria, Russia launch joint naval exercise

Moscow and Algiers have broadened economic and military cooperation over the past year

Saudi Arabia, South Africa sign agreements valued at $15 million

Cape Town and Riyadh signed 11 agreements and a Memorandum of Understanding to increase mutual investments in energy, water, green hydrogen, waste diversion, and logistics

US lawmakers call for sanctions against Algeria

Ties between Moscow and Algiers have been stronger lately, with Algeria gearing up to join the BRICS group in the near future

Algeria to discuss joining BRICS with Russia

The BRICS bloc represents an alternative to western economic hegemony, and can serve as a powerful tool to bypass economic sanctions

Asia’s future takes shape in Vladivostok, the Russian Pacific

Sixty-eight countries gathered on Russia's far eastern coast to listen to Moscow's economic and political vision for the Asia-Pacific

Sit back and watch Europe commit suicide

If the US goal is to crush Russia's economy with sanctions and isolation, why is Europe in an economic free fall instead?

The inside story of Russia-Iran-India connectivity

The G7 is stupefied by the dynamic progress of the multipolar order embodied by the Russian-led INSTC and the Chinese-led BRI, with Iran's strategic port of Chabahar now poised to play a transformative role. 

Pakistan faces $18bn fine over Iran gas pipeline delayed by US sanctions

Pakistani officials say the US should pay the fine for blocking the pipeline's construction

Five Arab states plus Iran among 19 nations ready to join BRICS

As Global South nations continue to ditch the US dollar for trade, BRICS officials have said the bloc is working on developing a new currency

Global South: Gold-backed currencies to replace the US dollar

The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade.

Everybody wants to hop on the BRICS Express

Eurasia is about to get a whole lot larger as countries line up to join the Chinese and Russian-led BRICS and SCO, to the detriment of the west

The west’s Plan B: Secure the realm

Having failed in preserving the unipolar order, the west will resort to Plan B – reviving a bipolar world based on the ‘civilized’ west and the ‘barbarian’ rest.

Will the Global South break free from dollarized debt?

In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the 'dream civilization' imposed by the 1 percent.

Upgrade in Iran-Pakistan relations critical to regional security

There's no two ways about it. Iran and Pakistan must forge closer ties in order for regional security, economy and trade routes to thrive.