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New BRICS Bank to Look at Local, International Borrowing: President

Russia’s President Vladimir Putin (center) speaks during a working session at the 7th BRICS summit in Ufa on July 9, 2015. Leaders of the BRICS (Brazil, Russia, India, China and South Africa) group of emerging powers gathered in Ufa on Thursday to discuss regional and global issues, including the Syria conflict, threat of the Islamic State group, the situation in Greece and Iran’s nuclear program. (AFP Photo/Ivan Sekretarev)

Ufa, Russia. The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said on Thursday.

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Saudi Arabia paying for favorable media coverage: Report

Saudi Arabia's King Salman bin Abdulaziz al-Saud

Saudi Arabia has been paying media outlets across the globe in a bid to manipulate them into projecting a positive image of the kingdom in the international arena, a new report says.

Reporters Without Borders made the revelations in the report published on its website on Thursday, citing newly leaked Saudi diplomatic documents, dubbed the Saudi Cables, released by the whistle-blower website, WikiLeaks, with most of them dating back to between 2010 and 2015.

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