Our team of journalists gathered important information on the recent developments in Nigeria regarding the sale of four genetically modified Tela Maize types. The announcement of this commercial release took place in Abuja, Nigeria, on Tuesday, June 11, with the varieties SAMMAZ 72T, SAMMAZ 73T, SAMMAZ 74T, and SAMMAZ 75T being officially introduced. These maize varieties, approved by the National Varieties Release Committee (NVRC) in January of this year, are specifically designed to combat issues such as drought, stem borers, and fall armyworms. The potential benefits that these genetically modified maize types offer could potentially double Nigeria’s maize production output,…
Author: BRICS+ News Services
Financial experts have been vocal in their criticism of the Sisi government, attributing Egypt’s current economic crisis to severe mismanagement. The latest blow to the nation’s economy came when the International Monetary Fund (IMF) extended Egypt’s loan program to a staggering US$8 billion, highlighting the dire situation at hand. The World Bank recently revised Egypt’s economic growth forecast for the current fiscal year to a mere 2.8 percent, the lowest in over a decade. This downgrade marks the third time the international lender has adjusted Egypt’s growth projections downward this year alone. In its latest Middle East and North Africa…
Ahmed Shehzad, once likened to the Virat Kohli of Pakistan cricket, has transformed into a bitter, angsty television expert at the age of 32. Known for his dramatic flair and tendency to ham up his presentations, Shehzad’s recent outburst following Pakistan’s T20 World Cup defeats to USA and India showcases his penchant for overacting. During a heated tirade, Shehzad brandishes a chit with damning statistics about the Pakistani captain Babar Azam, pointing out his lackluster performance in crucial tournaments. Shehzad’s theatrical display culminates in a dramatic toss of the paper, symbolizing Babar’s alleged failures on the big stage. This outburst…
In May, the pace of inflation in Russia accelerated once more, a trend attributed to the significant public spending undertaken to support the military offensive in Ukraine. While this expenditure has bolstered the country’s economy amidst harsh Western sanctions, it has also led to a surge in prices and labor shortages across various sectors unrelated to the conflict. According to Russia’s statistics agency Rosstat, inflation reached 8.3% on an annual basis in May, the highest recorded since February 2023, showing a notable increase from the 7.8% rate observed at the end of April. This figure significantly surpasses the country’s official…
At the Peace Summit to be held at the Bürgenstock Resort on the 15th and 16th of June, the only ministerial-level delegation from the BRICS—assembled by Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE—is being sent by India. The Indian delegation is headed by the Secretary for the Western Region, Pavan Kapoor, who previously served as an ambassador to Russia. The Peace Summit represents Ukraine’s diplomatic effort to rally international support behind its selected course of action in its ongoing conflict with Russia. The summit looks to expand upon Volodymyr Zelenskyy’s ten-point peace plan first unveiled…
This week’s BRICS summit in Russia, the first to include newcomers Iran, Saudi Arabia and Egypt, showcased the growing influence of emerging multipolar world powers. Turkish Foreign Minister Hakan Fidan’s attendance highlighted Turkey’s interest in fostering relationships with BRICS nations and seemingly fueled speculation that Turkey may even consider membership. Such a move would be a notable departure from its previous alliances, accelerated by Turkey’s disillusionment with perceived lack of progress and respect in its pursuit of European Union membership. The BRICS group notably includes China and Russia, countries currently marred by Western controversies, as well as traditional US allies…
The newly elected parliament of South Africa gathered in Cape Town after engaging in two weeks of intense negotiations with other political parties to form a government of national unity. The African National Congress (ANC) revealed a coalition agreement with the Democratic Alliance (DA) in a strategic move to secure the support of various parties following a loss of its majority in the previous election. DA leader John Steenhuisen emphasized that the foundation of the agreement lies in the constitution and the Bill of Rights, which uphold the diverse nature of South Africa. President Cyril Ramaphosa, facing a weakened position…
Iranian Minister of Petroleum, Javad Owji took center stage in recent discussions with Russia’s Deputy Prime Minister, Alexander Novak and his successor, Minister of Energy Sergei Tsivilev. These discussions were pivotal in highlighting the progress of the bilateral cooperation that has been instrumental in the past three years. One significant featured aspect of their collaboration is the current development of seven Iranian oil fields by Russian companies. These projects, backed with Russian investment, contribute 220,000 barrels per day to Iran’s overall oil production scale, demonstrating the practical and economic value of this partnership. Moreover, prospects for future investment by Russian…
Amil and Dasa, two prominent health sector companies in Brazil, have announced their union to form a new hospital-based enterprise, making it the 2nd biggest independent player in the industry after the Rede D’Or. This strategic consolidation strengthens the value proposition of Amil’s health plans and aids Dasa in the critical process of de-risking its business portfolio. The new company will dominate markets in Rio, São Paulo, and Brasília. The union marks the first merger and acquisition activity for José Seripieri Filho, also known as Junior, since his December purchase of Amil, a deal that reached 11 billion Brazilian reais…
Bahrain’s Unique China Partnership Sparks Curiosity Among Experts In an intriguing turn of events, Bahrain’s recent Comprehensive Strategic Partnership (CSP) agreement with China has left many experts puzzled. The CSP announcement, made during King Hamad bin Isa al-Khalifa’s visit to Beijing on May 31, aimed to align Bahrain’s Vision 2030 economic development programme with Chinese President Xi Jinping’s Belt and Road Initiative. The CSP deal was preceded by the launch of direct flights between Bahrain and China, as well as preliminary cooperation agreements between their sovereign wealth funds and chambers of commerce. Despite Bahrain’s relatively small engagement with China, the…