Category: Economy

G7’s Global Infrastructure Initiative: A Counter to China’s Belt and Road

At the recent G7 Summit, a significant initiative was announced: the “Partnership for Global Infrastructure and Investment” (PGII). This initiative represents a strategic effort to reshape global infrastructure investment and is seen as a direct counter to China’s extensive Belt and Road Initiative (BRI). What is the PGII? The PGII is a collaborative effort by […]

World Gold Council (WGC) and Dubai Multi Commodities Centre (DMCC) Announce Joint Gold Industry Program

In a groundbreaking move for the gold industry, the World Gold Council (WGC) and the Dubai Multi Commodities Centre (DMCC) have announced a collaborative program aimed at driving innovation, sustainability, and transparency across the sector. This strategic partnership between two of the most influential entities in the global gold market marks a significant milestone in […]

Historic Milestone: First Cross-Border Payment Made Using UAE’s Digital Dirham

In a historic leap toward financial innovation, the United Arab Emirates (UAE) has achieved a landmark moment with the completion of the first cross-border payment using the digital dirham. This pioneering initiative, led by the UAE’s central bank, exemplifies the nation’s commitment to advancing its financial infrastructure through the integration of cutting-edge digital currency technologies. […]

Preserving Generational Wealth: Amanah.gold’s Global Accessibility and Secure Delivery

  Amidst growing concerns about the reserve ratios of financial institutions like the Federal Deposit Insurance Corporation (FDIC) in the USA and the Financial Services Compensation Scheme (FSCS) in the UK, individuals are exploring robust alternatives to safeguard their generational wealth. Amanah.gold emerges as a comprehensive solution, offering a secure platform where you can not […]

Russia and Iran Make Historic Move Away from SWIFT for Direct Bilateral Transactions

  In a groundbreaking development, Russia and Iran have officially severed ties with the SWIFT system, marking a pivotal departure from the Western-dominated transaction framework. Mohsen Karimi, Deputy Head of the Central Bank of Iran (CBI), made this announcement, revealing that both nations have embraced a direct interbank transfer mechanism. During an interview on Iranian […]

Islamic Emirate of Afghanistan Announces Abolishment of Usury Systems

  Introduction: In a significant development under the governance of the Islamic Emirate of Afghanistan, Acting Minister of Industry and Trade, Nooruddin Azizi, declared the abolition of all usury systems in the country. This announcement reflects the commitment of the Islamic Emirate to uphold the principles of the Islamic system through lawful and ethical means. […]

BRICS: China Aggressively Dumps US Dollars For 3 Days Straight

In a bold move that has sent shockwaves through global financial markets, China, a key member of the BRICS alliance, has reportedly engaged in an unprecedented three-day streak of aggressively divesting itself of US dollars. This strategic maneuver by the world’s second-largest economy has raised eyebrows and prompted speculation about its implications for the international […]

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