Saudi Arabia Eliminates Hotel Licensing Fees to Stimulate Tourism Sector In a strategic move aimed at attracting increased investment and fostering growth within its tourism sector, Saudi Arabia has announced the abolition of hotel licensing fees. This initiative is part of the Kingdom’s broader Vision 2030 plan, aimed at diversifying the economy and reducing reliance on oil revenues. The decision to eliminate fees is expected to significantly lower the financial barriers for investors, thereby encouraging both domestic and international entrepreneurs to invest in the burgeoning hospitality industry. The Ministry of Tourism believes that this measure will lead to a proliferation…
Author: BRICS+ News Services
Putin Highlights Growing Influence of BRICS at International Forum Russian President Vladimir Putin has underscored the expanding influence of the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—during a recent international forum, reflecting a broader shift in global power dynamics. As major economies confront multipolarity, the collective leverage of BRICS nations is becoming increasingly evident. A Strategic Alliance in a Multipolar World BRICS, initially coined by economist Jim O’Neill in 2001 as BRIC (before South Africa joined in 2010), represents five of the world’s major emerging economies. Together, these nations account for over 40% of the global population and…
Title: South African President Cyril Ramaphosa Outlines Ambitious Plans During Parliament Opening In a significant address during the opening of Parliament, South African President Cyril Ramaphosa laid out an ambitious plan to tackle the nation’s pressing issues. The speech, given in Cape Town, has garnered attention for its comprehensive approach to socio-economic challenges, amidst a backdrop of recent political and social tumult. Strengthening the Economy President Ramaphosa’s address emphasized the need for economic revitalization. South Africa’s economy has been struggling, grappling with the dual pressures of rampant unemployment and slow growth. The president acknowledged these challenges and proposed several reforms…
Thousands Demand Justice for Students’ Deaths and Stand in Solidarity with Palestine at Dhaka University Rally In a powerful display of unity and resolve, thousands of people convened at Dhaka University’s TSC on Thursday, 5 September 2024, to demand justice for the recent spate of deaths in Bangladesh and to voice solidarity with the Palestinian cause. Participants, comprising students from various schools, colleges, and madrasas, as well as citizens from various walks of life, expressed their outrage over the killing of 800 students during the July-August protests. Background and Context The protest was a direct response to the violent suppression…
RENEW: A Revolutionary Tool in Diagnosing Rare Diseases Rare diseases affect millions worldwide, presenting significant challenges in accurate diagnosis. In Brazil alone, approximately 13 million people suffer from these conditions. These diseases often have obscure origins, potentially stemming from genetic, immunological, or infectious sources. Among the 8,000 cataloged rare diseases, well-known examples include amyotrophic lateral sclerosis (ALS), cystic fibrosis, and muscular dystrophy. One of the persistent issues for patients with rare diseases is the extended and often inconclusive diagnosis process, even after numerous tests. However, a new technology developed by researchers at the Mayo Clinic – a leading medical research…
ASML CEO: Export Curbs on China Driven More by U.S. Market Interests than Security Concerns In a recent development that underscores the complexity of international trade and geopolitical dynamics, ASML CEO Peter Wennink has openly criticized the export restrictions imposed on China. According to Wennink, these curbs appear to be driven more by U.S. economic interests than genuine national security concerns. ASML, a Dutch company specializing in the production of advanced semiconductor manufacturing equipment, is a key player in the global technology sector. The company’s photolithography machines, particularly the Extreme Ultraviolet (EUV) lithography systems, are essential for producing cutting-edge microchips.…
[ Ethiopia-China Business Forum Strengthens Economic Ties In a bid to bolster economic relations between Ethiopia and China, ministers and entrepreneurs from both countries recently gathered at the Ethiopia-China Business Forum. The event served as a platform for discussions on potential collaborations and investment opportunities between the two nations. This forum comes at a time when both Ethiopia and China have been actively seeking to deepen their economic ties. China has been a key investor in Ethiopia’s infrastructure development projects, including the construction of roads, railways, and industrial parks. In return, Ethiopia provides China with access to its abundant natural…
Egypt and Somalia Strengthening Economic and Security Collaboration In a notable development that signifies a strategic shift in regional diplomacy, Egypt and Somalia have intensified their efforts to foster stronger economic and security ties. This collaboration, which has been in the making for several years, highlights Egypt’s growing influence within the Horn of Africa and Somalia’s commitment to forging sustainable partnerships that can bolster its national development. A Historical Perspective Historically, the relationship between Egypt and Somalia has been rooted in cultural affinities and mutual interests, but it has faced its share of turbulence. In recent decades, the dynamics of…
Ravindra Jadeja Joins BJP: Indian Cricketer Steps into Politics In a significant crossover from sports to politics, Indian cricketer Ravindra Jadeja has officially joined the Bharatiya Janata Party (BJP). The move was announced earlier today and has already sparked considerable discussion among fans, analysts, and political pundits alike. An Illustrious Cricket Career Ravindra Jadeja, often hailed as one of India’s finest all-rounders, has had an illustrious career in cricket. Born in Saurashtra, Gujarat, Jadeja’s journey from a budding cricketer to an international star has been nothing short of spectacular. Known for his sharp spin bowling, agile fielding, and capable batting,…
Putin Reveals Preference in Upcoming US Election Amid Ongoing Ukraine Conflict In a development that underscores the intricate interplay between international conflicts and domestic politics, Russian President Vladimir Putin has openly expressed his preference for the outcome of the upcoming United States presidential election. This revelation comes at a time when the Russian-Ukrainian conflict is at a critical juncture, with global ramifications far beyond the immediate region. Putin’s Preference and Its Implications Speaking candidly on the matter, Putin suggested that a specific candidate’s victory would align more closely with Russia’s strategic interests. Although he did not explicitly endorse a candidate,…