Author: M Barbu

Iran weighs benefits of BRICS membership

While joining the bloc has its upsides, it will be extremely difficult for Tehran to get full benefits from BRICS without the complete lifting of Western sanctions.

Recently, Iran applied to join BRICS, a group consisting of Brazil, Russia, India, China and South Africa. On a global level, this forum represents 40% of the world population and 26% of the world economy. According to IMF data, China has the largest economy in this grouping and accounts for more than 70% of the BRICS total worth of around $27.5 trillion, while India comes in second at 13% and Russia and Brazil comprise the remaining 7%.

Raisi says Iran will not retreat on demands in nuclear talks

Iranian President Ebrahim Raisi says that his country will not back down on its positions in the nuclear deal negotiations.

In a Cabinet meeting today, Iran’s President Ebrahim Raisi discussed the ongoing deadlock with the United States over the nuclear negotiations to revive the 2015 nuclear deal known formally as the Joint Comprehensive Plan of Action (JCPOA).

Libyan Oil Production Declines By 50%

The Waha Company’s production declined by 50% to 145,000 barrels per day, after protesters at the Sidra port prevented oil tankers from entering for the second day in a row; This caused a reduction in the capacity of the port’s oil tanks. Oil production in Libya fell to 700,000 barrels per day in the second half of June, compared to 1,250 million barrels per day before implementing the closures of oil fields and ports by the protesters.

Will Quran’s War Of Gog And Magog Blow Up In The 21st Century

Inman Mohammed bin Abdul Karim al-Issa, the head of the Muslim World League, spoke of the Muslim obligation to bring hearts together during the annual Hajj pilgrimage. Known for visiting Auschwitz and for his involvement in interfaith dialogue, he gave the main sermon at the height of the annual Hajj pilgrimage after being chosen earlier in the week for the role by Saudi Arabia’s de factor ruler, Crown Prince Mohammed bin Salman.

Inflation Is Money Supply Growth, Not Prices Denominated In Money

In the recent Wall Street Journal article “Inflation Surge Earns Monetarism Another Look,” Greg Ip writes that a recent surge in inflation is not likely to bring authorities to reembrace monetarism. According to Ip, money supply had a poor record of predicting US inflation because of conceptual and definitional problems that haven’t gone away.

Ναυάγιο στο Φαρμακονήσι: Πώς φτάσαμε στην ιστορική απόφαση

Η απόφαση του ΕΔΔΑ εκθέτει ανεπανόρθωτα την κυβέρνηση Σαμαρά, για πρακτικές που εφαρμόζει και σήμερα το Μαξίμου ● Γράφουν στην «Εφ.Συν.» εκπρόσωποι των τριών από τις πέντε οργανώσεις που προσέφυγαν στο ΕΔΔΑ για λογαριασμό των επιζώντων.

Europeans reject Israeli charges against Palestinian NGOs

Nine European countries said Tuesday that they have seen “no substantial evidence” to support Israel’s allegations that six Palestinian civil society groups are terrorist organizations and would not change their policies on supporting the groups.

The rare joint statement was a major rebuke of Israel, which backlisted the groups as terrorist organizations last October but has provided little evidence to support its allegations. The rights groups denied the allegations and accused Israel of escalating a long-standing crackdown on Palestinian opposition to its decades-long military rule.

Libya’s Dbeibeh appoints new head of state oil company

Former governor of Libya’s central bank named to head NOC

TRIPOLI, Libya

The Tripoli-based government of Prime Minister Abdul Hamid Dbeibeh on Tuesday appointed a new chairman of Libya’s state oil company.

“Farhat Omar Bengdara was appointed chairman of the National Oil Corporation (NOC), replacing Mustafa Sanalla,” Oil Ministry spokesman Ahmad Jumaa told Anadolu Agency.

Kremlin hopes Biden will not seek to turn Saudi Arabia against Russia

Kremlin spokesman Dmitry Peskov also said that Russia highly valued cooperation with Saudi Arabia within the framework of OPEC+ group of world’s leading oil producers.

The Kremlin said on Wednesday that it hoped President Joe Biden’s visit to Saudi Arabia would not be used to try to foster anti-Russian relations, just as the United States seeks to convince Riyadh to boost oil production amid soaring prices.