Economy

Iran’s Shahed-136 Drone in Iran–Israel War: Is It Economically Draining the US and Forcing Washington to Rethink Strategy?

BRICS Brics24 Asia -
Iran’s Shahed-136 drones, cheap yet deadly, may strain US defenses, forcing Washington to rethink costly war strategies.

Egypt to add 2,500MW of renewable energy capacity to national grid

Brics24 Asia -
Egypt plans to add 2,500MW of renewable energy capacity to its national grid, boosting clean power and sustainability.

Iran–Israel Tensions Escalate as Strikes Hit Tehran Hospital; U.S. Reports Destruction of Revolutionary Guards Base

Brics24 Asia -
Escalating Iran–Israel tensions intensify after reported strikes on Tehran hospital and destruction of Revolutionary Guards headquarters.

Ethiopia: Tigray fighters enter Afar region, stoking fears of new conflict

Brics24 Asia -
Ethiopia faces renewed tensions as Tigray fighters move into Afar, alarming communities and mediators today across fragile region.

Brazil to decide by mid-year whether to complete Angra 3 nuclear project

Brics24 Asia -
Brazil weighs completing Angra 3 nuclear project, with mid-year decision shaping national energy strategy.

Egypt: El-Sisi directs pre-Ramadan social aid and reviews economic reforms

Brics24 Asia -
El-Sisi orders pre-Ramadan support while Egypt advances economic reforms to protect vulnerable communities.

Argentina’s central bank says it signed $20bn currency swap deal with US

Brics24 Asia -
Argentina secures $20bn currency swap with United States, strengthening reserves and market confidence.

Brazil’s jailed ex-President Bolsonaro undergoes ‘successful’ surgery

Brics24 Asia -
Brazil’s jailed former president Bolsonaro undergoes successful surgery, officials say, as supporters await health updates.

Iran says it won’t negotiate over its missile capabilities

Brics24 Asia -
Iran rejects missile negotiations, asserting defense sovereignty as diplomatic talks continue over nuclear issues and stability concerns.

South African rand softens as markets await jobs data

Brics24 Asia -
South African rand weakens as investors await key jobs data, signaling near-term economic direction.

Argentine assets cheer Milei party’s election victory with massive rally

Brics24 Asia -
Argentine assets rally as markets cheer Milei party’s election victory with massive celebratory street demonstrations nationwide today across major cities.

Iran’s foreign minister says he will meet IAEA director on Monday

Brics24 Asia -
Iran’s foreign minister plans to meet the IAEA director on Monday ahead of renewed nuclear talks, underscoring diplomatic engagement.

China’s social financing growth beats expectations in January

Brics24 Asia -
China’s social financing surged past January forecasts, boosting market confidence and signaling renewed momentum across key sectors.

Egypt’s central bank cuts key interest rates by 100 bps amid slowing inflation

Brics24 Asia -
Egypt’s central bank cut key interest rates by 100 basis points as inflation slowed, signaling cautious economic easing.

Saudi Arabia Launches National Tourism Investment Platform for SMEs

Brics24 Agency -
Saudi Arabia has launched a national tourism investment platform designed to enable small and medium enterprises to participate more actively in the Kingdom’s fast-growing...

Brazil Accelerates Green Industry Shift in 2026

Brics24 Agency -
Brazil has entered 2026 with a renewed and more structured push to position itself as a global leader in green industrial development, as the...

Ethiopia Secures $420 Million AfDB Loan for National Geothermal Power Expansion

Brics24 Agency -
Ethiopia has secured a major $420 million financing package from the African Development Bank (AfDB) to significantly accelerate the country’s geothermal energy expansion. Announced...

Iran Completes Phase-One of Chabahar LNG Hub to Boost Regional Energy Exports

Brics24 Agency -
Iran's Ministry of Petroleum has confirmed the crucial phase-one completion of the Chabahar LNG Hub, a strategic energy project designed to fundamentally transform the...

Saudi Arabia Launches $12 Billion National AI Compute Fund to Attract Global Tech Firms

Brics24 Agency -
Saudi Arabia has announced the creation of the $12 billion National AI Compute Fund, establishing one of the world’s largest dedicated investment vehicles for...

🇮🇳 RBI Approves Digital Rupee Cross-Border Pilot with Singapore and Japan

Brics24 Agency -
The Reserve Bank of India (RBI) has officially approved a pivotal cross-border Digital Rupee (e₹) pilot, establishing India's first multilateral Central Bank Digital Currency...

South Africa to Fast-Track Domestic Gas Exploration to Bolster Energy Security

Brics24 Agency -
The South African government has announced a major push to fast-track domestic gas exploration and the development of related infrastructure projects. This initiative, officially...

 BRICS Emerges as Decisive Economic Force, Now Represents 44% of Global GDP

Brics24 Agency -
A recent analysis confirms that the expanded BRICS grouping has rapidly solidified its position as a decisive economic force in the global landscape. Following...

Dubai Approves Record-Setting $82.4 Billion Budget for 2026–2028 Cycle 🇦🇪💰

Brics24 Agency -
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the largest budget in...

Saudi Arabia to Allow Foreigners to Purchase Homes, Land, and Farms Starting January 2026

Brics24 Agency -
Saudi Arabia is set to implement a major policy change aimed at liberalizing its real estate sector and attracting foreign capital, allowing non-Saudi buyers...

Egypt Secures €53.8 Million from AFD and EIB for Green Industrial Transition 🇪🇬

Brics24 Agency -
Egypt has signed a €53.8 million concessional financing and grant agreement with the Agence Française de Développement (AFD) and the European Investment Bank (EIB)...

Ethiopia Mandates Strict WTO-Aligned Customs Rules to Boost Revenue Integrity

Brics24 Agency -
Ethiopia has announced the immediate implementation of a new, stringent goods valuation system for imports, aligning the country's customs practices fully with the World...

China’s October Economic Data Signals Structural Headwinds as Industrial Output Slows to 4.9% 🇨🇳

Brics24 Agency -
China's economic data for October 2025 revealed significant structural headwinds, indicating a moderation in the pace of recovery despite pockets of resilience. Industrial output...

US Sanctions on Rosneft and Lukoil Expected to Cut Forex Sales, Pressure Rouble 🇷🇺

Brics24 Agency -
The recent blocking sanctions imposed by the United States on Russian oil giants Rosneft and Lukoil are expected to significantly disrupt the companies' operations...

National Bank of Ethiopia Launches CSD and Ts’ega Investor Portal to Modernize Capital Market

Brics24 Agency -
The National Bank of Ethiopia (NBE) officially launched a full-fledged Central Securities Depository (CSD) system and the country's first National Investor Portal, named 'Ts’ega'...

Egypt Hosts Gulf–Egypt Trade and Investment Forum to Boost Regional Cooperation

BRICS24 News -
Egypt successfully hosted the inaugural Gulf–Egypt Trade and Investment Forum 2025 in Cairo, which officially launched on November 10. The high-level event was held...

BRICS Bloc Poised to Produce 2 Billion Cubic Meters of Gas Per Day

Brics24 Agency -
The expanded BRICS bloc is rapidly strengthening its position in the global energy market, with one report highlighting its potential to achieve a staggering...

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Dubai Approves Record-Setting $82.4 Billion Budget for 2026–2028 Cycle 🇦🇪💰

BRICS
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and...

Egypt Secures €53.8 Million from AFD and EIB for Green Industrial Transition 🇪🇬

BRICS
Egypt has signed a €53.8 million concessional financing and...

Egypt’s Digital Exports Double to $4.8 Billion, Securing 70,000 New Jobs 🇪🇬

BRICS
Egypt's outsourcing and digital services sector is experiencing major...

China’s October Economic Data Signals Structural Headwinds as Industrial Output Slows to 4.9% 🇨🇳

BRICS
China's economic data for October 2025 revealed significant structural...

🇮🇳 RBI Approves Digital Rupee Cross-Border Pilot with Singapore and Japan

BRICS
The Reserve Bank of India (RBI) has officially approved...