the launch of a BRICS payment system aimed at bypassing the dollar in international trade and Saudi Arabia's historic decision to end its 50-year petrodollar agreement with the US, opening its oil ...

The Petrodollar system, born from 1970s agreements between the United States and Saudi Arabia, rests on three pillars ... approximately 6% of global foreign exchange reserves, while the BRICS nations ...

(MENAFN) Saudi Arabia is still in the process of evaluating its potential membership in BRICS, according to Faisal Al-Ibrahim, the country’s Minister of Economy and Planning. In an interview ...

DUBAI, January 2. /TASS/. Saudi Arabia has officially joined BRICS as a full-fledged member, the kingdom’s state-run news channel Al Ekhbariya reported. "The kingdom’s full membership of BRICS ...

The Brics–Brazil, Russia, India, China and South Africa–invited six nations to become new members of the economic group from 2024. The WSJ analyzes the significance of the expansion ...

Saudi Arabia has been reportedly seeking to join the BRICS, which will be discussed by the members at the summit in August, domestic outlet guancha.cn reported.

Saudi Arabia is still evaluating the possibility of joining the BRICS, with no decision yet made, according to Minister of Economy and Planning, Faisal Al-Ibrahim. In an interview with Bloomberg ...

Brazil, which holds the BRICS presidency this year, has suggested that Saudi Arabia is a BRICS member, but Saudi Minister of Economy and Planning Faisal Alibrahim recently told Bloomberg ...

South Africa's President Cyril Ramaphosa has invited four Middle Eastern states to join the Brics bloc of emerging ... As the world's largest oil producer, Saudi Arabia has traditionally enjoyed ...

(Bloomberg) — Saudi Arabia’s membership in the BRICS bloc of emerging economies is still being assessed more than a year after the kingdom was invited to join the alliance, according to the ...