In the intricate landscape of international relations, regional dynamics often shape the trajectory of global partnerships. A recent development has brought to light India’s reservations regarding Pakistan’s prospective inclusion in the BRICS (Brazil, Russia, India, China, and South Africa) alliance. This subtle yet significant hint at contention raises questions about the future of diplomatic cooperation […]
BRICS to ditch U.S. Internet services
BRICS Nations Consider Shifting Away from US Internet Services: A Strategic Move for Digital Independence Introduction In a bold move that reflects a desire for increased autonomy and reduced reliance on the United States, the BRICS nations—Brazil, Russia, India, China, and South Africa—are contemplating a significant shift away from US-based internet services. This move, driven […]
HSBC and Amanah Group Revolutionise London and Dubai’s Gold Markets with Blockchain Technology
In a simultaneous move towards innovation, HSBC and the Amanah Group have independently embarked on groundbreaking initiatives to transform the way gold is traded in London and Dubai. Both financial powerhouses are set to introduce blockchain technology into their respective gold trading centers, heralding a new era of digital gold trading. HSBC’s Vision for Modernizing […]
(Well, ) what do you know? Unlocking Palestine’s Untapped Energy Wealth
A Path to Socioeconomic Progress and Regional Cooperation Introduction: In the heart of the occupied Palestinian territory (oPt), beneath the surface of Area C in the West Bank and the Mediterranean coast off the Gaza Strip, lie vast and untapped reserves of oil and natural gas. These resources, recently brought to light by geologists and […]
“Read all about it!” BRICS Launches BRICS Pay System: A Bold Move to Challenge the US Dollar Dominance
In a significant move aimed at reshaping the global financial landscape, the member countries of BRICS – Brazil, Russia, India, China, and South Africa – have announced the launch of the BRICS Pay system. This strategic initiative seeks to challenge the long-standing dominance of the US dollar in international trade and finance. As these emerging […]
World at ‘Tipping Point’ Following Government Debt Binges, Says HSBC Boss
In a stark warning, the CEO of HSBC, Noel Quinn, has raised concerns about the global economy reaching a precarious ‘tipping point’ due to the unprecedented levels of government debt. The aftermath of the COVID-19 pandemic has seen nations worldwide resorting to substantial financial measures to keep their economies afloat, resulting in an alarming […]
Malaysia’s Prime Minister’s Ambitious Gold Dinar- Sunnah Currency Initiative
Empowering Islamic Economies: Malaysia’s Ambitious Gold Dinar Initiative In a groundbreaking endeavor, Malaysian Prime Minister Anwar Ibrahim has embarked on a mission to resurrect the Gold Dinar, a move aimed at rekindling the economic glory of Islamic civilizations. This visionary initiative holds profound implications for the global financial landscape, emphasizing stability, ethical financial practices, and […]
Bold Move: BRICS Leading Oil Company Ditches US Dollar, Embraces Local Currencies
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 […]
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 […]