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Thursday, May 23, 2024
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India and UAE MoU to establish Rupee-Dirham trade mechanism, bypassing US Dollar

Indian Prime Minister Narendra Modi's visit to Abu Dhabi marked a significant milestone as India and the United Arab Emirates (UAE) solidified agreements to facilitate trade settlements in their local currencies, the Indian Rupee (INR) and UAE Dirham (AED).

With Saudi Arabia and Iran hoping to Join, BRICS shaping a New International Order?

BRICS is now considering expansion with the potential inclusion of Saudi Arabia, Iran, UAE and other nations like Argentina, Algeria, and Venezuela. With these prospective additions, BRICS seeks to bolster its geopolitical influence as a representative force of the Global South.
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