Author: MD Editors

Algeria has reportedly filed an official application to join the BRICS group of major emerging economies. News website Al-Shouruk said the announcement came from Leila Zerrouki, the Foreign Ministry’s special envoy for international partnerships, speaking on state radio. Algerian President Abdelmadjid Tebboune recently said the country was interested in joining Brazil, Russia, India, China and South Africa in the BRICS group, explaining that the country largely meets the criteria for membership. Later, Russian Ambassador to Algeria Valeryan Shuvaev indicated that Moscow had no objections to Algeria joining. At this year’s BRICS summit, held online in June, the format was expanded…

Türkiye has started paying for some of its natural gas from Russia in rubles, the Turkish energy minister revealed on Tuesday in an interview with broadcaster TRT Haber. Fatih Donmez said that in the coming months, the share of local currency payments in energy trade with Moscow will increase, and the sides are currently conducting technical work on such a shift. “As you know, an agreement has been reached, partial payment has already begun. We intend to intensify our work in this direction,” the minister said. In September, Ankara and Moscow agreed that Türkiye would pay for 25% of the gas…

British house prices fell in October at the fastest monthly rate since February 2021, a fresh sign of weakness in the real estate market that reflects the fallout from the former government’s economic plan, according to Halifax. In a report on Monday, the mortgage lender said property prices had dropped 0.4% month-on-month, after a 0.1% fall in September. The average price has declined to £292,598 ($334,508). Halifax indicated that the slowdown had been partly driven by the September 23 economic agenda of former prime minister Liz Truss, known as the mini-budget, which sent British financial markets into freefall and pushed…