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Ethiopia Along With Other Four New Member States Officially Joins BRICS

Addis Ababa January 1/2024 (ENA)Today, Ethiopia along with the other four new member countries, officially joined the BRICS, the emerging-markets bloc of Brazil, Russia, India, China and South Africa. According to a statement issued by the BRICS today that Ethiopia, Egypt, Iran, Saudi Arabia and United Arab Emirates (UAE) have officially joined the bloc. Ethiopia’s bid to join the BRICS …

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What is BRICS, which countries want to join and why?

JOHANNESBURG, Aug 21 (Reuters) – The BRICS group of major emerging economies – Brazil, Russia, India, China and South Africa – will hold its 15th heads of state and government summit in Johannesburg between Aug. 22 and Aug. 24. Here are some key facts about the bloc and its members. WHAT IS BRICS? The acronym BRIC, which did not initially include South …

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‘Without work and hope’: Bethlehem’s Christmas economy bleeds from Gaza war

The West Bank city loses Christmas tourism amid daily Israeli raids and the continuing assault on the Gaza Strip. There are no tourists on Bethlehem’s streets and churches have announced the cancellation of all Christmas festivities amid the continuing Israeli assault on Gaza [Mosab Shawer/Al Jazeera] By Mosab Shawer Published On 22 Dec 202322 Dec 2023   Bethlehem, occupied West Bank …

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Islamic Capital Market Products; the Introduction of Regulations for Sukuk to the Sri Lankan Capital Market

By Securities and Exchange Commission of Sri Lanka (SEC) Islamic Capital Market Products (ICMP) are securities which are developed in compliance with Islamic Law, and ICMPs play an important role in the development of the Capital Market and the economy as it opens up opportunities for investment and fund raising. Many countries have introduced different types of ICMPs, such as Shariah-compliant …

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Russia’s Trade With Muslim Countries

Bilateral trade volumes are significantly up as Moscow targets the Islamic world for new trade and development opportunities  By Farzad Ramezani Bonesh, with additional commentary by Chris Devonshire-Ellis Due to the Ukraine conflict, Russia has lost part of its supply chain and Western-origin suppliers, compounded by most Western based countries imposing sanctions and cutting off their economic relations with Russia. However, to …

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