Iran has applied for joining the group of five major emerging economies – Brazil, Russia, India, China, and South Africa, a spokesman said. The spokesperson for the Iranian Foreign Ministry announced at a press conference on Monday that the Islamic Republic has submitted its application for membership in the BRICS. …

Diplomatic and commercial ties between China and Syria have been established for decades. When Hui Liangyu visited Syria in 2009, he met President Bashar al-Assad. A statement from Assad to the Syrian people stated that China would work to improve mutually beneficial relations and partnership between the two countries in …

One after another, authorities in the North Caucasus republics are announcing the creation of volunteer units for fighting Ukraine. The Russian military command proposed the establishment of a Dagestani rifle company on the basis of the 136th Separate Guards Motorized Rifle Brigade, stationed in Buinaksk, Dagestan. On June 16, Colonel …

For decades, Germany pursued close economic and political ties with Russia. It did so because German political and strategic leaders thought consistent engagement would result in geopolitical stability for Europe. They also thought it would lead to the eventual transformation of Russia itself, following the paradigm of “Wandel durch Handel” …

United States military forces killed a senior leader of a terror organization aligned with Al-Qaida. US Central Command forces targeted Abu Hamzah al Yemeni, a senior leader of Hurras al-Din in an airstrike in Idlib province in Syria on Monday, CENTCOM said in a statement. Abu Hamzah al Yemeni was …

A Turkish weapons manufacturing company announced that it will donate three new armed drones to Ukraine after a Ukrainian politician raised about $20 million in a crowdfunding campaign to buy the unmanned aerial vehicles.

A Conversation With Jason Bordoff and Meghan O’Sullivan The global energy market is in a state of upheaval. The war in Ukraine and the resulting sanctions against Russian oil and gas have forced the West, especially Europe, to quickly find new energy sources to keep the lights on and the …

According to a recent report from Swiss banking group Lombard Odier that surveyed more than 300 high net worth investors in the Middle East, attention to Islamic investments is growing fast. The survey shows that 61% of the respondents say their interest in Islamic assets has increased during the last …

Ahmed Aboul Gheit, secretary general of the Cairo-based League of Arab States, criticized the way the international community has dealt with the Grand Ethiopian Renaissance Dam crisis. Secretary General of the Cairo-based Arab League Ahmed Aboul Gheit recently criticized the way the international community, particularly the UN Security Council, has …

Energy and food imports alongside a growing trade deficit put pressure on Morocco’s foreign currency reserves. The Office des Changes (OC) published its monthly newsletter in early June, indicating a sharp rise in both exports and imports. The newsletter shows that remittances and phosphates were the leading sources of foreign …