BRICS News Digest for the previous week

Asian Infrastructure Investment Bank to provide funds to boost Brazil’s development

The parties discussed long-term co-operation

The Asian Infrastructure Investment Bank (AIIB) is ready to provide a large amount of funds to stimulate Brazil’s economic and social development.

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Aide to Russian President Yury Ushakov: BRICS seeks to create a payment system on blockchain

It is planned that it will be comfortable for states, population and businesses

BRICS member countries will strive to create an independent payment system based on digital currencies and blockchain.

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Participants of the World Youth Festival discuss the prospects for BRICS development

Speakers considered the potential of international cooperation between the countries of the association

The World Youth Festival (WYF) in the Krasnodar Region hosted a discussion entitled “BRICS: New Challenges in the Era of Global Development”.

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Investment in India’s space startups are US$12 million in April-December 2023

The country has earned US$174 million for launching 424 foreign satellites since the 1990s

Investment in India’s space startups exceeded 1 billion Indian rupees in the first nine months of the current fiscal year. 

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Chinese authorities outline main directions of economic development in 2024

GDP growth should reach 5 per cent

The 2nd session of the 14th convocation of the 14th National People’s Congress (NPC, the highest legislative body) has opened in Beijing, the capital of China, which will last until 11 March.

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South Africa to spend US$74 billion on education, sports, arts and culture over next three years

This is according to National Treasury documents presented alongside Finance Minister Enoch Godongwana

According to National Treasury documents, spending on basic education is set to increase significantly to R316,5 billion (US$16,6 billion) in 2024/25 and R331,2 billion (US$17,4 billion) in 2025/26.

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Iran and Russia to create innovation centre

A special committee will determine spheres of cooperation in it

Iran and Russia will establish a joint innovation centre, Head of the Iranian Research Organization for Science and Technology Hassan Zamanian said. 

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UAE launches National Campaign for Cybersecurity

UAE educates citizens on cyber security and how to protect themselves from threats in online space

The campaign urges caution against becoming a victim of phishing and scams that use technology to trick users and compromise their personal information and data.

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Saudi Arabia to host 2034 World Cup

It was the only bidder

The Saudi Arabian Football Federation has published on its website the official bid to host the 2034 FIFA World Cup in the country.

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Russian Ambassador to Ethiopia Evgeny Terekhin: BRICS is always open to an equal dialogue aimed at looking for a balance of interests

He believes that the accession of new members, including Ethiopia, strengthens the strategic partnership of the association

BRICS co-operation promotes harmony and deeper integration in the world, Russian Ambassador to Ethiopia Yevgeny Terekhin said.

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