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  BY James M Dorsey   For Saudi Crown Prince Mohammed bin Salman, religious reform has long been a question of when rather than if. Bin Salman’s potential embrace of religious, not just social and economic reform, could have far-reaching consequences for the role of religion in Saudi Arabia and religious soft power rivalry in […]

The post Saudi Arabia’s Bin Salman Toys With Religious Reforms Adding To Soft Power Rivalry first appeared on IPA Newspack.

By Anjan Roy India is working out local currency trade deals with an increasingly larger group of countries, thereby avoiding invoicing in US dollars for every trade. This is a move towards internationalisation of the Indian currency when the country is opening up its external sector. India has agreed on local currency invoicing of trade […]

The post India Is Working On Global Currency Trade Deals Widening Its Coverage first appeared on IPA Newspack.

By Nantoo Banerjee India has been put in a peculiar situation by Russian oil exporters as they prefer Yuan payment against the purchase of Russian crude by Indian importers. Of late, the latter are believed to be spending billions of dollars in buying Chinese Yuan to pay for Russian imports. This is despite the India […]

The post India’s Import Of Cheaper Russian Oil Falls Into Chinese Yuan Trap first appeared on IPA Newspack.

By James M Dorsey A recent 27-year, four million-tonne liquefied natural gas (LNG) Qatari export agreement with China, the longest in gas export history, highlights different Gulf state approaches to navigating big power rivalry between the People’s Republic and the United States. Widely seen as giving China a grip on Qatari gas, the deal is […]

The post Qatar, America’s Best Friend In The Gulf, Is Simultaneously Wooing China first appeared on IPA Newspack.

Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) yesterday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems. The agreements were exchanged between the two governors, in the presence of the Prime Minister of India Narendra Modi and […]

The post UAE, India agree on use of local currency for trade first appeared on IPA Newspack.

By Arun Kumar Shrivastav After shaking the foundation of traditional finance and making central banks give a war cry, the cryptocurrency world faces one of its most critical moments as it moves forward nonchalantly. With over a trillion dollars in market cap and the bitcoin keeping in the range of $26,000, it’s not a doom […]

The post US SEC’s Lawsuits Against Binance And Coinbase Hit Cryptocurrency Market first appeared on IPA Newspack.