In a strategic maneuver that has sent ripples across the global financial landscape, Gazprom Neft, Russia’s third-largest oil exporter, has taken a significant step toward reshaping international trade dynamics. The company, a leading entity within the BRICS consortium (Brazil, Russia, India, China, and South Africa), has boldly declared its departure from the reliance on […]
Japan’s Monumental Decision to Sell-Off $900 Billion Worth of U.S. Bonds: The trigger for Economic Crisis?
In the intricate web of global finance, every move by major economies can send ripples across international markets. Japan’s recent decision to embark on a massive sell-off of U.S. bonds, amounting to a staggering $900 billion, has sparked concerns and debates within the economic community. The question looming large: Could this substantial divestment trigger […]
Isn’t It Ironic? Iraq’s Journey to De-Dollarise by 31st December 2023.
In a twist of fate that could be considered ironic by many, Iraq, a nation whose recent history has been intertwined with the U.S. dollar, is set to embark on a transformative journey to de-dollarise its economy by December 31, 2023. This bold move, laden with historical significance, raises eyebrows and sparks conversations about […]
12 U.S. States Declare Currency Independence: A New Era of Financial Sovereignty
In a bold and unprecedented move, twelve states within the United States have recently declared currency independence, sparking discussions about the future of finance, state autonomy, and the evolving landscape of economics within the nation. This groundbreaking development signifies a significant shift in how states perceive and manage their economies. Traditionally, the U.S. dollar […]
Zangezur Corridor Gathering: Turko-Azeris Aim to ‘Cut’ Armenia, Posing a Geopolitical Challenge for Georgia and the EU
Introduction: In recent geopolitical developments, the Turko-Azeri alliance is making significant strides towards establishing the Zangezur Corridor, a strategic passage that would effectively ‘cut’ Armenia into two parts. This move is perceived as a step towards the realization of ‘Greater Turan,’ a vision that carries profound implications not only for the countries directly involved […]
Jamie Dimon of JPMorgan Chase Warns of Potential 7% Jump
In the world of finance, few voices carry as much weight as that of Jamie Dimon, the Chairman and CEO of JPMorgan Chase, one of the largest and most influential banks in the United States. Dimon’s recent warning of a potential 7% jump has sent ripples through financial markets and sparked conversations about the factors […]
Russian Diesel Export Ban and Its Effects on Europe During Winter
Introduction The global energy landscape is a complex web of interdependencies, with energy-rich nations often playing a pivotal role in shaping the supply and demand dynamics. One such nation, Russia, has recently made headlines with its decision to implement a diesel export ban. This move has raised concerns, particularly in Europe, where winter brings […]
Mufti Asim Patel appointed as the Head of the Islamic Monetary Council
Who is Mufit Asim Patel? Mufti Asim Patel is a highly esteemed Islamic scholar hailing from South Africa. His journey in the pursuit of Islamic knowledge commenced at a young age, demonstrating his deep passion and dedication. Mufti Asim embarked on his academic endeavors at Darul-Uloom Zakariyya – SA, where he completed his Hifdh (memorisation […]
Banking Giant Citigroup Launches Private Blockchain to Transform Client Deposits into Digital Tokens
In a significant move towards embracing blockchain technology, Citigroup, one of the world’s leading banking institutions, has unveiled plans to launch a private blockchain platform. This innovative platform aims to revolutionize the way client deposits are handled, by transforming them into digital tokens. The development signals a growing interest among financial institutions to harness […]
The US National Debt Approaches $’33’ Trillion Mark.
Introduction The United States, often touted as the world’s economic powerhouse, is facing a financial challenge of monumental proportions. The nation’s national debt is teetering on the brink of an astonishing $33 trillion, raising concerns and sparking debates about the consequences of such a staggering financial burden. In this article, we delve into the […]