The global economy continues to navigate a complex landscape marked by shifting geoeconomic power, a multiplication of localised proxy conflicts, disrupted supply chains, and heightened technological polarisation
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BRICS in Russia: New world order shows the West on the backfoot
As over 30 heads of state gather for the BRICS summit in Russia, we’re witnessing not the isolation of a pariah state, but the emergence of a new global coalition that challenges the very foundation of Western diplomatic power
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BRICS summit: Members discuss financial plans as Putin calls for USD alternative, false currency claims spread
Overnight social media posts claimed Putin had announced a new BRICS currency to replace the dollar – reports that have not been verified by official sources
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ANALYSIS: Where Non-Aligned Movement sought neutrality, BRICS builds economic bloc
Unlike the Cold War-era neutrality bloc, the expanded BRICS alliance wielding $45 trillion pushes for a new economic order
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BRICS Summit 2024: Key moments from day 1 of historic Kazan talks
The 2024 BRICS Summit in Kazan marked its first meeting since expansion, with Putin hosting leaders from 24 nations to discuss economic and diplomatic cooperation
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ANALYSIS: UAE enters BRICS arena, balancing Moscow ties and Western pressures
The three-day BRICS summit marks a crucial moment for the expanded bloc, which now represents 36% of global GDP and 45% of the world’s population
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UAE’s BRICS Summit debut marks shift towards ‘concrete action,’ experts say
The summit’s outcomes could include new trade pacts, unified positions on international matters, and concrete steps toward de-dollarisation initiatives, experts say
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UAE President meets Russia’s Putin in Moscow ahead of BRICS summit
The UAE President’s visit precedes the highly anticipated BRICS summit, scheduled to take place in Kazan, Russia from Oct 22-24
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BRICS summit 2024 to begin on Tuesday: All you need to know
Here’s everyting you need to know about the three-day gathering of influential emerging economies
blockchain technology
BRICS payment network shows promise of blockchain: Phoenix Group’s Bill Qian
The use of a blockchain network could promise more transparency and speed, according to the Phoenix Group Chief Investment Officer Bill Qian
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BRICS: Next expansion could include Turkey, Algeria, Indonesia, Nigeria but major rifts remain
In a major geopolitical development earlier this year, BRICS cemented its rise as a potential counterweight to Western-led groups like the G7 with the addition of Saudi, UAE, Iran, Ethiopia, and Egypt
BRICS
First Abu Dhabi Bank to triple China business revenue by 2026
First Abu Dhabi Bank looks to help UAE and China see $200bn target in 2030
Abu Dhabi
UAE, Saudi Arabia to see continued high net-worth migration on major visa, policy reforms
With stable growth prospects and massive opportunities, Saudi Arabia and the UAE are cementing their place as top destinations for business, investment and living for the world’s millionaires and billionaires
BRICS
BRICS countries hold $45 trillion in combined wealth, more than G7
The combined millionaire population in the BRICS countries, including UAE and Saudi Arabia, is expected to grow by 85 percent by 2034
BRICS
Dubai, Abu Dhabi rank among wealthiest cities in BRICS bloc
Dubai is now home to 72,500 millionaires and 15 billionaires
AB Majlis
AB Majlis podcast: Geopolitics will ‘hit you where it hurts,’ Nicolas Michelon warns businesses
Business owners must closely monitor geopolitical shifts and trade dynamics as global power balances change, a geopolitical risk expert says in an interview on the AB Majlis podcastAB Majlis
BRICS
Saudi Arabia joins BRICS+: What it means for the kingdom and beyond
Saudi membership in BRICS+ signals the nation’s desire to carve an independent course on the global stage in the years ahead