Tag: Saudi Arabia

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BRICS Expands: Welcoming New Members and Shaping the Future

BRICS Expands: Welcoming New Members and Shaping the Future

October 3, 2024

eyesonmalaysia Welcoming New Nations: The BRICS Expansion The BRICS alliance, originally comprising Brazil, Russia, India, China, and South Africa, has announced a significant expansion. Six new countries—Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates—will join the bloc starting January 1, 2024.. This expansion reflects the growing influence and appeal of BRICS as…
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The Petrodollar Agreement ends on June, 9th

June 8, 2024

eyesonmalaysia The petrodollar agreement, established in the 1970s, refers to the practice of selling oil exclusively in U.S. dollars. This system has been a cornerstone of the global financial system, as it has helped maintain the U.S. dollar’s status as the world’s primary reserve currency1. The agreement originated from a deal between the United States…
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