Indonesia will officially become a member of the New Development Bank (NDB), a multilateral financial institution established by BRICS nations, President Prabowo Subianto announced on Tuesday.
Prabowo stated that joining the NDB would significantly aid Indonesia in accelerating its economic transformation. The NDB, which was created by Brazil, Russia, India, China, and South Africa, has expanded its membership to include additional nations such as Egypt, Ethiopia, Iran, and the United Arab Emirates.
The announcement came during a visit by NDB President and former Brazilian President Dilma Rousseff, who highlighted the bank's interest in collaborating with Indonesia on various sectors, including renewable energy, biodiesel, and technological development. Rousseff added that Prabowo had presented numerous potential projects for collaboration with the NDB.
Indonesia's membership in the NDB marks a strategic step in deepening its economic ties with the BRICS nations, and it is expected to open new avenues for investment and development in the country.
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Comments by U.S. Ambassador to Israel Mike Huckabee suggesting that Israel had a biblical right to much of the Middle East drew condemnation over the weekend from countries across the region, which described the remarks as “dangerous and inflammatory”.
Indonesia and the United States have finalised a trade agreement lowering U.S. tariffs on Indonesian goods to 19% from 32%, with exemptions secured for palm oil and several other major exports.
A proposed multinational peacekeeping force for Gaza could involve around 20,000 personnel, with Indonesia estimating it may contribute up to 8,000, a spokesman for Prabowo Subianto said on Tuesday.
The European Union has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time the bloc would target ports in third countries, a proposal document showed on Monday.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars 'forever' in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
Türkiye raised its security level for Turkish-flagged vessels in the Strait of Hormuz to Level 3 on Sunday (2 March). The development follows Iranian restrictions on shipping after U.S. and Israeli strikes and confirmation of Supreme Leader Ali Khamenei’s death.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 3rd of February, covering the latest developments you need to know.
Canadian Prime Minister Mark Carney arrived in Australia on Tuesday (3 March), aiming to bolster relations between the two so-called "middle powers" amid what he has called a "rupture" in world order.
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