Iran Financial News

Iran accused Israel on Thursday of trying to sabotage its ballistic missile program through faulty foreign parts that could explode, damaging or destroying the weapons before they could be used. Israel did not immediately acknowledge the accusation, made in a report aired on Iranian state television. The report described the alleged Israeli operation as «one of the biggest attempts at sabotage» it had ever seen. It accused Israeli Mossad agents of supplying the faulty parts, which the state TV report described as low-price «connectors.» Footage aired by state TV showed the alleged parts, some of them popping up into the air. The report did not say when authorities discovered the faulty parts, nor if they had been installed in any ballistic missile prior.

BRICS intensified discussions on expansion and a common currency. Originally comprising Brazil, Russia, India, and China, BRICS was coined by Goldman Sachs in the 1990s to encourage investment in emerging economies. South Africa, the first non-original member, aptly led a summit centered on group expansion.BRICS expanded its wings: The BRICS meeting concluded, and the good news is that they are happy to shake hands with 6 more countries- Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE). Currently, the core BRICS countries control around 23% of global exports and 19% of global imports, and the new members would add 3.7% and 3.0% respectively, with Saudi Arabia being the biggest individual new member in terms of exports and the UAE the biggest new importer. What BRICS+ have now? This alliance includes six leading crude oil producers—Saudi Arabia, Russia, China, UAE, and Iran—yielding substantial energy and geopolitical influence. It unites three top African economies—Egypt, South Africa, and Ethiopia—and South America's key players, Brazil, and Argentina. Strikingly, this coalition bridges the divide between ideological rivals: Sunni-majority Saudi Arabia and Shia-majority Iran. With a diverse mix of economic, energy, and political dynamics, this alignment reflects a complex global landscape where nations with disparate interests find common ground, underscoring the intricate interconnectedness shaping today's international relations. Saudi Arabia, China, Russia, India, and other nations have rapidly bolstered trade and relations.

Vivek Agnihotri and movie star Pallavi Joshi. «We are not Bollywood.

The White House said it has new intelligence inputs which shows that Russian President Vladimir Putin and North Korean leader Kim Jong Un have traded letters as Russia is seeking weapons from North Korea amid the Ukraine war, AP reported on Wednesday. John Kirby, US National Security Council spokesperson, giving the latest findings said Russia is looking for additional artillery shells and other basic materiel to shore up its defense industrial base, just weeks after White House said Russian Defense Minister Sergei Shoigu during a recent visit to Pyongyang called on North Korean officials to increase the sale of munitions to Moscow for its Ukraine war.

BRICS grouping will see it controlling 46 per cent of the world's population and 30 per cent of its economic output, according to a research paper. At the latest BRICS summit in Johannesburg last week, the present members — Brazil, Russia, India, China and South Africa — decided to add Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members of the grouping. The new members will become part of BRICS effective January 1, 2024. The acronym BRICS was originally coined in 2001 by Goldman Sachs economists led by Jim O'Neill.

BRICS countries to reach an understanding with China on the issue of cross-border terrorism, said the State Bank of India (SBI) in a new research report. The report stated that there is a need for India and China to increase cooperation on issues like river water (Brahmaputra) data sharing, entry of Indian pharmaceutical companies into China, etc.

Bloomberg News that the leaders “will launch a kind of manifesto calling attention to the need to improve labor relations," that would touch on work environments and pay. Scheduled for September 19, the meeting will follow the addresses of both presidents to the General Assembly.

Iran has summoned a Swiss diplomat over the apparent U.S. seizure of Iranian crude oil from a ship that sat for months off Texas

FIBA Basketball World Cup, the USA have registered two initial wins, cruised past Greece, and have clinched the group round. Canada defeated France, who were eliminated on Sunday after yet another defeat at the hands of Latvia. Steve Kerr has coached Team USA and led by Anthony Edwards, Jalen Brunson, Jaren Jackson Jr. and Mikal Bridges led them. The US finished seventh in 2019 and they hope for a better result this year.

ransomware attacks, with organized cybercrime activity posing a threat to national security, economy and critical infrastructure, officials are warning.The Canadian Centre for Cyber Security released a report Monday, saying that over the next two years, “financially-motivated cybercriminals will almost certainly continue to target high-value organizations in critical infrastructure sectors in Canada and around the world.”In particular, the agency categorized ransomware — in which digital files are held hostage or encrypted until a fee is paid — as the “most disruptive” form of cybercrime facing Canada.“Ransomware has become one of the most devastating types of cybercrime, impacting individuals, businesses, and government agencies,” the report said.“Over the next two years, we assess that cybercrime activity in Canada will very likely increase.”The warnings come amid a year that has seen dozens of high-profile cyberattacks and ransomware targeting major businesses, healthcare networks, law enforcement and governments around the world.Among all the ransomware incidents in Canada, the top sectors targeted in 2022 were manufacturing, businesses and professional services, information and communication technology, retail and consumer goods, and healthcare and pharmaceuticals.Meanwhile, the top ransomware variants included LockBit, Conti, BlackCat/ALPHV, Black Basta and Karakurt.The report assessed Russia, and to a lesser degree Iran, as likely “safe havens” for cybercriminals operating against Western targets.“We assess that Russian intelligence services and law enforcement almost certainly maintain relationships with cybercriminals and allow them to operate with near impunity,” the centre said.Canadian retailers and

BRICS countries, which was held in South Africa, received unprecedented international attention. Some commentators even invoked the Bandung conference of 1955, where leaders of India, China, Indonesia, Egypt and Yugoslavia launched the non-aligned movement (NAM). It seemed as though another generation of leaders, this time from Brazil, Russia, India, China and South Africa, were building an alternative to the US-dominated global order.

Indian government has appointed Geetika Srivastava, joint secretary (Indo-Pacific) in the external affairs ministry, to head the post of chargé d’affaires in the Indian high commission in Islamabad, said a report by Hindustantimes.com citing people familiar with the matter. She will be the first woman diplomat to hold this post in the Indian high commission in Islamabad.

experimental. But some of them did the job. There were explosions inside the base and several dead, with wounded soldiers seen streaming into the local hospital, according to local sources.

By Suleiman Al-Khalidi

digital economy, trade and food security. UN secretary general Antonio Guterres, who was also present, said the UN, formed in 1945, must be reformed to reflect modern power realities. The big one was the expansion of Brics to include six new members, who will join the organization next year.

the future of BRICS-Plus. The Johannesburg summit of BRICS leaders, which ended on 23 August 2023, agreed to induct six new members: the United Arab Emirates (UAE), Saudi Arabia, Argentina, Iran, Egypt and Ethiopia. Along with the existing five members—Brazil, Russia, India, China and South Africa—the expanded grouping of 11 members now presents an interesting alchemy of geo-political and geo-economic interests.

(Reuters) — Chinese refining giant Sinopec (OTC:SHIIY) Corp reported on Sunday a 20.1% fall in interim net profit for the first half of the year compared with the year-ago period, to 35.11 billion yuan ($4.82 billion), on lower crude prices despite higher refinery output and growth in fuel sales.

Read more Jio Financial Services stock will now be removed from the all the S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500 among others, before opening of trading on September 1. Read more The Securities and Exchange Board of India (Sebi) on Friday informed the Supreme Court that it has concluded 22 out of 24 separate investigations into the Adani group, analysed data on nearly 350 million stock trades, and scrutinized dealings in seven Adani group firms involving tens of thousands of documents.

Pakistan has tried to downplay the snub from the BRICS, saying it has not yet made a formal request to join it after the bloc ignored Islamabad when it announced its major expansion in years. On August 24, The leaders of the BRICS nations decided to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as the new members of the grouping, sealing a long-drawn process. Foreign Office spokesperson Mumtaz Zahra Baloch issued the details of her weekly briefing on Friday night, a day after the bloc of developing countries added new countries. «We will examine the latest developments and make a determination about our future engagement with BRICS,» Baloch said. To a query, if Pakistan was ignored by the bloc, she said Pakistan followed BRICS' developments in its latest summit in South Africa and also noted its openness to inclusive multilateralism. «Pakistan is an ardent supporter of multilateralism and as a member of several multilateral organisations it has always played an important role in global peace and development,» she said. The spokesperson termed Pakistan as an important developing country that has made «important contributions to promote peace, solidarity and cooperation among countries of the South». «We shall continue our efforts at the international fora for fostering the spirit of international cooperation and revitalisation of inclusive multilateralism,» she said. BRICS initially composed of Brazil, Russia, India, China and South Africa has undertaken major expansion taking its members to eleven, making it more representative of the Global South. Reportedly several countries are queuing up to join the group but Pakistan may face a challenge due to the presence of India which enjoys

By Natalie Grover

Narendra Modi on Thursday, who was on a three-day visit to South Africa to attend the 15th BRICS summit, presented special gifts to the organization's leaders including South African president Cyril Ramaphosa, First Lady of South Africa Tshepo Motsepe, and Brazilian president Luiz Inácio Lula da Silva. PM Modi gifted Bidri a pair of 'Surahi' from Telangana to South African President Cyril Ramaphosa. Bidrivase is a purely Indian innovation of 500-year-old Persian, exclusive to Bidar.