Saudi Arabia

UAE and Saudi Arabia Deepen Ties With Russia Amid Global Shifts

October 30, 2024 Bitcoin.com

bitcoin.com

The United Arab Emirates (UAE) and Saudi Arabia are bolstering strategic ties with Russia, with the UAE seeking a partnership and Saudi Arabia enhancing diplomatic collaboration for regional stability. UAE and Saudi Arabia Strengthen Strategic Ties with Russia During a meeting in Dubai, UAE President Sheikh Mohamed bin Zayed Al Nahyan emphasized his intent to […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

October 17, 2024 Bitcoin.com

bitcoin.com

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

September 26, 2024 Bitcoin.com

bitcoin.com

BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

September 24, 2024 Bitcoin.com

bitcoin.com

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

September 22, 2024 Bitcoin.com

bitcoin.com

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Analyst Claims Saudi Arabia Has Covertly Bought 160 Tonnes of Gold Since 2022

September 17, 2024 Bitcoin.com

bitcoin.com

Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired without disclosure, likely to avoid upsetting the U.S. government for these actions. Analyst Alleges […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’

September 14, 2024 Bitcoin.com

bitcoin.com

Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to new ideas, trying not to mix politics and commerce. This hints at the yuan’s adoption for this purpose. […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

September 13, 2024 Bitcoin.com

Argentina

Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East

August 14, 2024 Bitcoin.com

Bahrain

Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like Kuwait, Bahrain, […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Bitcoin’s Leap Past $65K Ignites Speculation of Qatari Billionaire’s Big Buy Post-Atlantis Conference

March 4, 2024 Bitcoin.com

Anthony Scaramucci

Following bitcoin’s climb beyond the $65,000 mark, social media has been buzzing with discussions about the rumored acquisition of bitcoin by a billionaire from Qatar post the Bitcoin Atlantis conference in Madeira. A sighting of a Qatari jet at the airport subsequent to the Bitcoin Atlantis gathering has caught the public’s attention, with the shared […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon