President-elect Masoud Pezeshkian Attends Imam Hussain (AS) Mourning Ceremony In a significant display of cultural and religious solidarity, President-elect Masoud Pezeshkian participated in the mourning ceremony of Imam Hussain (AS) at the Mahdiyeh of Imam Hassan Mojtabi (AS). This event underscores the deep-rooted traditions and spiritual leaders’ connections within Iran, particularly during pivotal times such as the holy months commemorating historical Islamic figures. During the ceremony, renowned eulogist Saeed Haddadian presented Pezeshkian with the blessed flag of the shrine of Imam Hussain (AS). This gesture is rich with cultural symbolism, signifying the shared reverence for Imam Hussain (AS) and continuity…
Author: BRICS+ News Services
Tech Roundup: Brazilian Startup Food To Save Aims to Combat Food Waste Welcome to our Tech Roundup, where we bring you the latest developments in technology and innovation across Brazil and Latin America. This week, we spotlight a remarkable Brazilian startup making waves in the food industry: Food To Save, an enterprise that is helping restaurants and supermarkets mitigate food waste while achieving significant revenue growth. Food To Save to Reach Over USD 13 Million in Revenue This Year Food To Save, a Brazilian food tech startup, is set for a substantial milestone this year, projecting revenues to surpass BRL…
Ganfeng Lithium Seeks Shareholders’ Approval for Derivatives Trading Amid Global Expansion Ganfeng Lithium, China’s premier lithium producer, is poised to intensify its financial strategy as it seeks shareholders’ approval for engaging in the trading of financial derivatives. This move is part of the company’s broader effort to hedge against risks arising from its rapid international growth. Ganfeng’s Strategic Shift Operating as the world’s third-largest lithium producer, Ganfeng is renowned for its robust supply chain that feeds the Chinese electric vehicle (EV) market. The company aims to trade derivatives such as options and forward contracts, which are linked to assets including…
[ Ethiopia’s Abiy Ahmed: An Enigmatic and Controversial Leader Ethiopia’s Prime Minister, Abiy Ahmed, has become one of the most intriguing figures in contemporary African politics. Described as part preacher, part spy, part nationalist, and part modernizer, Abiy defies easy categorization. He has been hailed as an iconic African leader in the multipolar age, blending influences from various cultures and traditions. Despite his enigmatic nature, foreign journalists have found it challenging to gain access to Abiy. Instead, many have relied on interviews with individuals who have known and worked with him to piece together a portrait of the man. In…
Struggles Amidst Success: The Egyptian Economy’s Fragile Balancing Act In June, Egyptian officials anticipated a month of celebration due to various macroeconomic milestones. However, these successes provided little comfort to the average Egyptian, who continues to grapple with severe economic challenges, including currency shortages, an unstable energy grid, and the constant threat of rising inflation. Record Reserves, Persistent Inflation Egypt’s Central Bank reported a record high of $46.1 billion in net international reserves at the end of May, surpassing the previous high of $45.5 billion recorded in February 2020. This increase, up from $41.1 billion in April, marks a significant…
Reimagining India’s Tax Policy: A Path to Sustainable Development India has set an ambitious goal to become a developed country by 2047, which necessitates the mobilisation of vast resources and a robust economic framework. Central to this endeavor is the optimisation of tax policies to boost revenue without placing undue stress on existing taxpayers. The Role of Taxes in Economic Development Direct taxes are critical in augmenting the government’s revenue while alleviating the reliance on indirect taxes. Lower indirect taxes can propel small businesses, enhance consumption, and generate a positive economic cycle, ultimately boosting the Gross Domestic Product (GDP). However,…
Kremlin Denies Involvement in Alleged Trump Assassination Attempt, Highlights Political Tensions in U.S. The Kremlin has officially stated it does not believe the alleged attempt to eliminate and assassinate former U.S. President Donald Trump was orchestrated by the current American authorities. Dmitry Peskov, the Kremlin’s spokesperson, emphasized that while the prevailing atmosphere surrounding Trump has exacerbated political tensions in the United States, the Russian government condemns any form of violence in political struggles. Peskov’s remarks align with certain Republican narratives that suggest Democrats are to blame for creating an environment of hatred against Trump, potentially inciting the recent violence. This…
ARADA Eyes Global Expansion: Targets Saudi Arabia, Australia, and Europe Dubai, UAE – Renowned real estate developer ARADA is charting an ambitious course for global expansion, setting its sights on key international markets including Saudi Arabia, Australia, and Europe. The move comes as part of ARADA’s strategic vision to extend its footprint beyond the UAE, capitalizing on growing opportunities in these regions. Aimed at bolstering its portfolio and tapping into new customer segments, ARADA’s global expansion plan reflects its commitment to maintaining robust growth and innovation in the highly competitive real estate landscape. CEO Ahmed Alkhoshaibi highlighted the company’s readiness…
Egypt Tops Africa’s Investment Landscape in 2023: A Beacon of Economic Opportunity Egypt has emerged as a leading investment hub in Africa for the second year in a row, according to the latest Global Investment Report by the United Nations Conference on Trade and Development (UNCTAD). The report, published on June 20, 2024, underscores Egypt’s robust economic landscape, attracting 18.6 percent of Africa’s total investments amounting to $52.6 billion in 2023. Triumph Amid Global Challenges Despite facing a myriad of global economic challenges, Egypt secured $9.8 billion in foreign direct investment (FDI) in 2023. This feat underscores the resilience and…
Right-Wing Leaders at Risk After Attempt on Trump’s Life: A Global Concern Highlighted by Indian Politicians In a recent episode of "Nation Wants To Know," the host Deepti Sachdeva delved into a string of controversies that have arisen in India following an assassination attempt on former U.S. President Donald Trump. Prominent politicians from India’s ruling party, the Bharatiya Janata Party (BJP), have voiced their concerns, suggesting that right-wing leaders worldwide are now primary targets of radical leftist factions. The incident, which has sent shockwaves through international political circles, spurred comments from Assam Chief Minister Himanta Biswa Sarma. On Sunday, Sarma…