Saudi oil revenue falls to lowest since 2021
Saudi Arabia’s foreign oil revenues declined by more than a third to their lowest since September 2021 amid a weak recovery in energy markets. The kingdom’s oil exports, including both…
Swiss bank closes accounts of clients living in Russia
Julius Baer – one of the largest Swiss banks – has warned clients living in Russia about the upcoming closure of their accounts, Forbes reported citing consulting firm Main Partner…
Algeria to join BRICS and contribute $1.5 billion
Algeria has applied to join the BRICS group and submitted a $1.5 billion request to become a shareholder of the BRICS bank. They have called it their first contribution to…
China’s PBoC Manipulates The Shanghai Exchange Gold Price
By obstructing gold import and export the People’s Bank of China (PBoC) greatly amplifies the gold premium or discount on the Shanghai Gold Exchange (SGE) relative to metal traded in…