Geopolitics

ZAWYA: Al-Sisi calls for expanded concessional BRICS financing, says Egypt seeks presidency - TradingView

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DW NOTE

Al-Sisi wants BRICS to lend Egypt more money on softer terms while Cairo campaigns for the bloc's rotating chair. Egypt has devalued the pound three times since March 2024 and burned through $57 billion in IMF programs since 2016. Concessional financing is what you call it when the last round of market-rate debt didn't fix anything.

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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

ZAWYA: Al-Sisi calls for expanded concessional BRICS financing, says Egypt seeks presidency - TradingView

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