Empirical studies show that the international monetary system is already tripolar. The Chinese currency, the renmimbi, has increasingly become a reference currency, as one which exhibits a high degree of co-movements with other currencies. In the wake of the 2008 financial crisis, the renmimbi has accelerated its standing as the East-Asia exchange rate reference currency […]
Sudan’s Sovereign Council head, Abdel Fattah al-Burhan, concluded a one-day visit to Riyadh on Monday, 15 December 2025, holding talks with Saudi Crown Prince, Mohammed bin Salman to strengthen bilateral relations and advance a sustainable strategic partnership. Ambassador Muawia Osman, Undersecretary at Sudan’s Ministry of Foreign Affairs, said the discussions focused on establishing a Strategic […]
The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]
