us dollar

Why Egypt chose BRICS over individual bilaterals? Cairo expert explains

NEW DELHI: The BRICS consortium, a vital forum for emerging markets and developing nations, has officially welcomed five new members—Egypt, Iran, Saudi Arabia, Ethiopia, and the UAE. Their integration into the group took effect on January 1, 2024, marking a significant expansion for the alliance originally formed by Brazil, Russia, India, China, and South Africa. […]

Sworn enemies Egypt-Iran unlikely to collaborate within BRICS: Cairo expert

NEW DELHI: The BRICS group, a crucial platform for emerging markets and developing nations, has formally embraced five additional members: Egypt, Iran, Saudi Arabia, Ethiopia, and the UAE. Their inclusion became effective on January 1, 2024, signifying a noteworthy expansion for the coalition initially established by Brazil, Russia, India, China, and South Africa. This expansion […]

BRICS membership cure-all for Egypt’s economic woes? Cairo expert explains

NEW DELHI: The BRICS group, a crucial platform for emerging markets and developing nations, has formally embraced five additional members: Egypt, Iran, Saudi Arabia, Ethiopia, and the UAE. Their inclusion became effective on January 1, 2024, signifying a noteworthy expansion for the coalition initially established by Brazil, Russia, India, China, and South Africa. This expansion […]

Are BRICS nations eyeing common currency in 2024?

NEW DELHI: The world’s economic stage stands at the brink of a significant transformation, as the BRICS nations consider introducing a groundbreaking currency in 2024. This potential move signifies a crucial milestone in the bloc’s efforts to reduce reliance on the US dollar, sparking intense discussions among experts and analysts. The addition of five new […]

Argentina chooses US Dollar over BRICS membership

NEW DELHI: In a seismic political shift, Argentina’s recently elected right-wing populist, Javier Milei, has vowed to steer the nation away from the BRICS alliance, marking a departure from the geopolitical norm and signalling a potential realignment in global economic dynamics. The maverick president-elect, who rode the wave of anti-establishment sentiment to victory, has not […]

Rupee Sinks To All-Time Low Of Rs 80/Dollar

NEW DELHI: The Indian rupee declined to an all-time low of 80.05 against the US dollar amid foreign fund outflow and elevated oil and commodity prices. Due to the current global economic downturn, the Indian currency has been losing its power. India imports more than 80 per cent of its crude oil and the rise […]