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Clare » January 25th, 2024
It has not been held since 1945.. Baghdad will host the Oil and Gas Conference in the Arab World next Saturday
1/25/2024
It is hoped that the capital, Baghdad, will host, next Saturday, the Oil and Gas Conference in the Arab World, which will last for two days.
The Secretary-General of the Federation of Arab Engineers, Adel Al-Hadithi, said, “The conference is the first in the field of oil and gas held by the Federation of Arab Engineers in the modern era, as the last conference was held in Alexandria in 1945,” according to the government newspaper Al-Sabah.
Al-Hadithi explained, “Researchers and specialists in this field from (Egypt, Lebanon, Jordan, Syria, Qatar, and Libya) will participate in the conference, in addition to the host country, Iraq.”
Al-Hadithi pointed out, “The conference will discuss over two days and in four sessions, topics (oil wealth in the Arab world, optimal investment of oil wealth, optimal exploitation of energy sources and environmental protection, and manufacturing of crude oil in the Arab world with the aim of maximizing its value.”) LINK
Three Arab countries enter the scope of the “BRICS+” group
1/25/2024
The scope of the BRICS group expanded to include 6 new countries, including 3 Arab countries.
Economic data showed that “the contribution of the BRICS+ group to the global GDP last year amounted to 32.1%, while the contribution of the G7 group was 29.9%.”
With the official accession of Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE to BRICS+, “the group’s contribution to the global economy will rise to 35%, and the oil reserves managed by the group’s countries will reach approximately 45%.”
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The “BRICS+” group possesses reserves of rare earth metals that are approximately 30 times greater than those of the G7, and this puts the global renewable energy sector under the group’s full control.
Experts believe that “the efforts of the BRICS+ group to abandon the dollar in the global economy will have negative repercussions on the entire G7 group, and on the United States in particular.”
Until the end of last year, BRICS+ included Russia, Brazil, China, India, and South Africa, before Egypt, Iran, the Emirates, Saudi Arabia, and Ethiopia joined it starting in the new year.
The group is working to “formulate a multipolar international political and economic system, and break the hegemony of the West led by the United States, while the economic aspect constitutes the backbone of the group.” LINK
Source: Dinar Recaps
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