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Egypt’s trade to BRICS countries soars over 30% post-admission

A new report from Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) reveals a significant increase in Egypt’s trade with the BRICS bloc. Egyptian exports to BRICS nations rose by 31.5%, from $688 million to $905 million, in the period from January to December 2024, following Egypt’s official admission to the alliance. During the …

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Trump threatens 100% tariffs on BRICS nations

US President Donald Trump stated that “we may impose tariffs on trade with BRICS countries of at least 100 percent.” On Thursday, President Trump announced that US military spending, which reached $886 billion last year, “could be cut in half,” expressing his desire for Russia to return to the G7, which was previously known as …

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What did BRICS+ provide for emerging economies during its first post-expansion summit?

Kazan, Russia, hosted the 16th BRICS Summit from October 22-24. It witnessed the participation of 32 countries, including newly inducted members joining as permanent members for the first time, including Egypt. The summit was held under the theme ‘Fostering Multilateralism for a Fair and Just Global Development and Security.’ Discussions centered around three main pillars …

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