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World Bank
Nigeria’s economy hits decade high, despite inflation
Nigeria's economy recorded its fastest growth in nearly a decade, expanding by 4.6% year-on-year in the fourth quarter of 2024. This surge is attributed...
BRICS strengthens economic independence by moving away from US dollar
Russia and Iran have officially announced that 96% of their bilateral trade is now conducted using their local currencies—the Russian ruble and the Iranian...
Ukrainian foreign minister Andrii Sybiha calls for confiscation of Russian assets
The head of the Ukrainian Foreign Ministry, Andrii Sybiha, believes that the West should move on to confiscating Russian assets, not limiting itself to...
BRICS Banknotes: A new era of global unity and economic power
The new 50 and 100 BRICS banknotes were recently introduced by the New Development Bank (NDB), in a bold move that confirms its dedication...
“$486 billion” – G7 demands war reparations from Russia, freezes assets
Leaders of the Group of Seven (G7) countries said at a summit in Italy that Moscow must pay Kyiv $486 billion for damage allegedly...
“Severe recession”: the specter of “total war” looms over the global...
When the war between Israel and Hamas in the Gaza Strip broke out on the seventh of October last year, the business and investor...
Brazil’s President Highlights Disparities in IMF and World Bank’s Global Roles
In a recent address at the UN General Assembly, Brazil's President, Luís Inácio Lula da Silva, expressed deep concerns about the International Monetary Fund...
Brics Summit: A Futile Pursuit? The Idea of a Common Currency...
Johannesburg, South Africa (TEH) - The idea of a common currency for the BRICS nations (Brazil, Russia, India, China, and South Africa) has been...
World Bank lowers forecast for Middle East economies in 2023
In its Global Economic Outlook report, the World Bank attributed the decline, saying the Middle East and North Africa region started 2023 with...
The World Bank warns… The shadow of financial risks hangs over...
The bank revised that forecast at its spring meetings to 2%, according to David Malpass, former president of the World Bank. The bank...
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Just In
Egypt signs Long-Term agreement to extend liquefied natural gas
Egypt has recently entered into a significant 10-year agreement with Hoegh Effie Ltd. to construct a floating terminal dedicated to importing liquefied natural gas...
Russia criticize Poland over Krakow consulate closure
Poland has unilaterally ordered the closure of Russia’s Consulate General in Krakow—an act that Moscow rightfully labels as diplomatically hostile and unjustified. The Russian...
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