BRICS LIFE

10.07.2617:00 Culture

General Director of Bolshoi Theatre, Artistic and General Director of Mariinsky Theatre, Valery Gergiev: BRICS countries open up new opportunities for cultural cooperation

08.07.2618:00 Economy

China–Africa partnership expands through trade, infrastructure and regional development initiatives

29.06.2612:00 Economy

BRICS expansion signals growing interest from Global South

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TV BRICS INSIDE

03.07.2612:00 Society

Ghana joins international exchange of information via TV BRICS

30.06.2612:00 Society

Latin American countries establish media cooperation with BRICS via TV BRICS

25.06.2611:30 Society

Argentina’s media outlets show growing interest in BRICS agenda

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01.03.25 13:30

Economy

UAE accelerates fintech and space economy growth to boost sustainable development

The minister also revealed that 200,000 new business licenses were issued in 2024

The United Arab Emirates continues to strengthen its fintech sector, which currently contributes 8.7 per cent to the country’s GDP, with a target to increase this figure to 12 per cent by 2031.

The sector plays a pivotal role in supporting sustainable economic growth and fostering innovation across various industries, according to Abdulla bin Touq Al Marri, Minister of Economy of the United Arab Emirates. This is reported by Emirates News Agency (WAM), a partner of TV BRICS.

The minister highlighted the UAE’s commitment to developing new economic sectors, including the space economy, by expanding the number of companies operating in this strategic field. This initiative aligns with the UAE’s global standing as a leader in space exploration and technology.

Addressing global economic issues, the minister underlined the UAE’s proactive economic policies. The country has implemented diversification strategies, ensuring economic resilience and maintaining low inflation rates, which have contributed to stable living costs compared to other economies.

The minister also revealed that 200,000 new business licenses were issued in 2024, bringing the total number of registered companies in the UAE to over 1.1 million. The Ministry of Economy is actively working to increase this number, reinforcing the UAE’s position as a global investment and business hub.

Photo: iStock

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Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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