Search Site

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

Iran hopes joining BRICS likely to enhance trade and business

Trump threatens BRICS with 100 percent tariffs if they replace dollar. (AFP)
  • Logical policymaking and decisions will lead to positive achievements for the country after joining BRICS, the Iranian official Arsalan Ghasemi said.
  • BRICS is a club of emerging economies that constitute a large population in the world and this opportunity should be used optimally, he added.

Tehran, Iran – Iran’s membership in the BRICS group will lead to the promotion of exports and trade activities, an official was quoted as saying by local media reports.

Deputy Chairman of Iran Chamber of Cooperatives for Legal Affairs Arsalan Ghasemi said that to tackle economic sanctions by the West against Tehran, joining regional and extra-regional treaties is key to get out of the economic pressures, Tasnim reported.

BRICS is a club of emerging economies that constitute a large population in the world and this opportunity should be used optimally in order to promote exports of the country, he added.

Logical policymaking and decisions will lead to positive achievements for the country after joining BRICS, he said, calling on responsible officials to pave the way for supporting importers, exporters and industrialists in particular.

Economic growth of the BRICS member states requires adopting accurate planning compatible with the requirements of the global markets, the parliamentary deputy of the Iran Chamber of Cooperatives added.