Iran and Egypt agree to revive joint bank after a decade

bne IntelliNews September 25, 2023

Capital of Misr Iran Development Bank to be boosted as relations between Iran and Egypt revive.

G20 underlines that fracturing is becoming a reality

Ben Aris in Berlin September 14, 2023

The G20 summit which concluded yesterday in New Delhi supported our view that the global economy is fracturing into US and China-led blocs, and that India still leans to the former.

As many as 5,000 feared dead in Libya

by Roberta Harrington in Los Angeles September 13, 2023

More than 5,000 people are feared dead and 10,000 missing in Libya after Storm Daniel tore through the north African country on Sunday, according to reports. The situation has been described as “catastrophic”.

G20 statement on Ukraine war fails to impress

Ben Aris in Berlin September 11, 2023

Prime Minister Narendra Modi announced that the G20 members had agreed on a statement on the war in Ukraine, in what should have been a diplomatic coup for Delhi that is hosting and chairing the G20 this year. But Ukraine was less than happy.

UN report: two years left to reduce emissions and avoid global disaster, and we probably won't make it

Ben Aris in Berlin September 11, 2023

We have two years to fix the climate and reach the Paris accord emission targets, according to a UN global stocktake report, and we are not going to make it.

West to back India-Middle East-EU transport corridor

bne IntelliNews September 9, 2023

India and Saudi Arabia have agreed on a deal with the EU and US to build a India-Middle East-EU transport corridor that would tie their economies more closely together and rival China’s Belt and Road Initiative.

Putin slams door shut on any quick revival of Black Sea grain deal

bne IntelIiNews September 4, 2023

Meeting with Turkish counterpart Erdogan produces no tangible sign that Moscow is preparing to budge on allowing Ukrainian ships safe passage.

COMMENT: Five key takeaways from the BRICS summit

bne IntelliNews August 25, 2023

The recent BRICS summit showcased efforts by the five member countries to demonstrate unity and cooperation, but the policy proposals put forward were limited in scope and ambition due to unresolved rivalries and conflicting national interests.

EXPLAINER: What benefits will Iran reap from BRICS+ membership?

Ali Behboudian in Tehran August 25, 2023

“The benefits of Iran’s membership in BRICS group of nations will surely go down in history,” Iranian President Ebrahim Raisi said addressing a summit of member states in Johannesburg on August 24.

Indonesia says “not now” to BRICS membership offer

Ben Aris in Berlin August 25, 2023

The BRICS group expanded adding six new members on August 24 (Argentina, Egypt, Ethiopia, Iran, the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE)) but one important name was missing: Indonesia.

COMMENT: So what did happen to that claimed Turkish aspiration to join BRICS?

bne IntelIiNews August 24, 2023

Evidence of any real intent in Ankara to join the emerging economies club is rather thin on the ground.

BRICS adds six new members, including Iran and Saudi Arabia

Ben Aris in Berlin August 24, 2023

The five-nation BRICS club of emerging economies announced on August 24 at its summit that it would add six new members from the start of 2024.

Wheat, rice and El Niño: food security warning lights are flashing red

Ben Aris in Berlin August 1, 2023

Russia’s exit from the Black Sea grain initiative, India’s ban on rice exports and a “strong” El Niño expected in the second half of this year mean the global food security warning lights have started to flash red.

Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation

bne IntelliNews July 30, 2023

Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.