Iran, Saudi Arabia, Egypt among 6 nations set to join BRICS economic bloc
1 year, 4 months ago

Iran, Saudi Arabia, Egypt among 6 nations set to join BRICS economic bloc

LA Times  

Iran, Egypt and Saudi Arabia are among six countries set to join Brazil, Russia, India, China and South Africa in the BRICS economic group next year, the bloc announced Thursday, a move that will likely throw more scrutiny on Beijing’s political influence in the Persian Gulf. “Felicitations to the Supreme Leader of Islamic Revolution and great nation of Iran.” South African President Cyril Ramaphosa, whose country presently chairs the group, made the announcement of the six new members on the final day of the bloc’s summit in the financial district of Sandton in Johannesburg. While Saudi Arabia had been touted as a likely new member if the five current BRICS members reached a consensus on expansion, Iran’s inclusion had been viewed as possibly politically problematic. Egypt President Abdel Fattah Sisi said in a statement that his country would cooperate and coordinate with the rest of the members to achieve the bloc’s aims in economic cooperation and to “raise the voice of the Global South.” The news was also a major boost for Ethiopia, Africa’s second-most populous country and one of the fastest-growing economies on the continent, as its government works to re-engage with many global partners and financial institutions after a devastating two-year conflict in the country’s Tigray region ended last year.

India China Ukraine Russia South Africa Egypt Iran Saudi Arabia Brazil Saudi President Chinese Uae Arabia Ethiopia Johannesburg Ramaphosa Bloc Brics Members  summit  nations  join  president  set  arabia  russia  egypt  china  bloc  economic  iran  uae  saudi  brics  members

History of this topic

BRICS: A Counterweight to G7 Rich Nations
1 month, 3 weeks ago

BRICS: A Counterweight to G7 Rich Nations

New Indian Express  

The BRICS Summit in Kazan, Russia, marked a significant milestone in the bloc's history. It saw the resumption of formal bilateral talks between India and China, signifying a thaw in their frosty relations. The summit also welcomed 13 new countries as partners, taking the BRICS influence and size to greater levels. This expansion is expected to challenge the dominance of …

BRICS: A Counterweight to the Global Powerhouse G7
Trending News
1 month, 3 weeks ago

BRICS: A Counterweight to the Global Powerhouse G7

New Indian Express  

The BRICS Summit in Kazan, Russia, marked a significant milestone in the bloc's history. It saw the inclusion of 13 new countries as partners, solidifying BRICS's global influence and expanding its economic reach to encompass 2.8 billion people. The summit also saw the resumption of formal bilateral talks between India and China, signifying a thaw in their frosty relations. BRICS …

BRICS Summit in Kazan: A Message to the World
Trending News
2 months ago

BRICS Summit in Kazan: A Message to the World

The Hindu  

BRICS summit in Kazan highlights the group's intent to seek alternatives to the prevailing international governance structures. The summit saw the participation of nine countries and Saudi Arabia, with a focus on strengthening economic bonds and addressing bilateral issues. India, as a non-Western member, played a crucial balancing role by supporting the Declaration on Israel in Gaza and backing the …

Arabs Optimistic About BRICS Rebalancing Global Order
2 months ago

Arabs Optimistic About BRICS Rebalancing Global Order

China Daily  

Arabs are optimistic about the rebalancing of the global order, with BRICS playing a more active role in safeguarding multilateralism and refining the world system. The bloc's growing momentum and influence, coupled with the increasing global challenges, have prompted Arab states to seek closer policy coordination with BRICS members. BRICS provides a platform for Arab states to have close policy …

BRICS: A Fragmented Grouping or a Threat to the US-led Global Order?
Trending News
2 months ago

BRICS: A Fragmented Grouping or a Threat to the US-led Global Order?

News 18  

BRICS is a significant geopolitical bloc with the potential to challenge the US-led global order. While the group has emerged as a counter to Western financial hegemony, it is also fragmented in terms of viewpoints, with Russia and China being more aligned on anti-Western rhetoric than other members. India's strategic autonomy and the hunt for alternatives to Western sanctions further …

India's BRICS Membership: A Strategic Gambit for a Multipolar World
2 months ago

India's BRICS Membership: A Strategic Gambit for a Multipolar World

News 18  

Prime Minister Narendra Modi's visit to the 16th BRICS Summit in Russia underscores the importance of the grouping for India. With India's growing economic and strategic influence, the BRICS expansion presents an opportunity to strengthen its global standing. India's participation would allow it to leverage the grouping's platform to promote a multipolar world, counterbalance the Western-led global order, and enhance …

Iran's Strategic Gambit in Brics: How to Break Free from Sanctions and Shape Global Dynamics
2 months ago

Iran's Strategic Gambit in Brics: How to Break Free from Sanctions and Shape Global Dynamics

Firstpost  

Iran's inclusion in Brics highlights its efforts to break free from international isolation. By aligning with these non-Western countries, Iran aims to reduce the impact of US sanctions and boost its influence globally. The group's shift towards a more multipolar world, where US influence faces more challenges, adds complexity to Iran's participation, but it also presents opportunities for cooperation and …

Putin's Summit in Kazan: Balancing Acts and Showing Global Unity
2 months ago

Putin's Summit in Kazan: Balancing Acts and Showing Global Unity

Associated Press  

Russian President Vladimir Putin will be hosting a summit in Kazan, Russia, to showcase the country's growing global influence. The summit will bring together multiple world leaders, including China's Xi Jinping, India's Narendra Modi, Turkey's Recep Tayyip Erdogan and Iran's Masoud Pezeshkian. The summit is a show of Russia's determination to counterbalance the Western-led world order and demonstrate its economic …

PM Modi to Hold Bilateral Talks with BRICS Leaders in Kazan Summit
Trending News
2 months ago

PM Modi to Hold Bilateral Talks with BRICS Leaders in Kazan Summit

India Today  

Indian Ambassador to Russia, Vinay Kumar, says that Prime Minister Narendra Modi is expected to hold bilateral meetings with his counterparts from the BRICS member states during the Kazan Summit. The Summit will provide a crucial platform to address global challenges such as economic cooperation, climate change, and international security.

What to Know About the BRICS Group of Countries Rivaling the G-7
2 months ago

What to Know About the BRICS Group of Countries Rivaling the G-7

Bloomberg  

The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender. It almost doubled in size in 2024, pairing several major energy producers with some of the biggest consumers …

Turkey seeks to join the BRICS bloc of emerging economies, a Kremlin official says
3 months, 2 weeks ago

Turkey seeks to join the BRICS bloc of emerging economies, a Kremlin official says

Associated Press  

MOSCOW — NATO member Turkey has applied for membership in the BRICS bloc of developing economies, a senior Kremlin official said Wednesday, as Russia and China seek to counter the West’s global influence. Yuri Ushakov, President Vladimir Putin’s foreign affairs aide, told reporters that Turkey has submitted an application “for full membership” in the bloc that Russia this year chairs, …

Turkey seeks to join BRICS bloc of emerging economies, Russia says
3 months, 2 weeks ago

Turkey seeks to join BRICS bloc of emerging economies, Russia says

LA Times  

Turkish President Recep Tayyip Erdogan, pictured in April, has stated several times that his country aspires to become a member of the BRICS alliance, a spokesman said. NATO member Turkey has applied for membership in the BRICS bloc of developing economies, a senior Kremlin official said Wednesday, as Russia and China seek to counter the West’s global influence. Turkish President …

Day after Putin’s visit, Azerbaijan applies to join Russia and China in the BRICS alliance
4 months ago

Day after Putin’s visit, Azerbaijan applies to join Russia and China in the BRICS alliance

Associated Press  

BAKU, Azerbaijan — Azerbaijan formally applied Tuesday to join the BRICS bloc of developing economies, a day after Russian leader Vladimir Putin’s visit to the oil-rich South Caucasus country to shore up regional ties and secure Moscow’s under-pressure trade routes. Putin increasingly depends on countries such as Azerbaijan to access global markets because of sanctions imposed on Moscow over its …

Balancing an inflated membership
4 months, 3 weeks ago

Balancing an inflated membership

China Daily  

Ma Xuejing/CHINA DAILY Successful handling of internal relations requires BRICS to become the center stage for global South-South cooperation, instead of a confrontational leverage against the US-led West At the beginning of 2024, BRICS underwent a historic expansion. As Middle Eastern countries increasingly seek economic reform, political independence and diplomatic diversification in regional and global affairs, joining the BRICS is …

Balancing an inflated membership
4 months, 3 weeks ago

Balancing an inflated membership

China Daily  

Ma Xuejing/CHINA DAILY Successful handling of internal relations requires BRICS to become the center stage for global South-South cooperation, instead of a confrontational leverage against the US-led West At the beginning of 2024, BRICS underwent a historic expansion. As Middle Eastern countries increasingly seek economic reform, political independence and diplomatic diversification in regional and global affairs, joining the BRICS is …

India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia as new BRICS members
6 months, 2 weeks ago

India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia as new BRICS members

India TV News  

Moscow: India on Monday welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia as new members of the BRICS grouping as their representatives attended a key meeting of the bloc hosted by Russia, which took over the year-long membership of BRICS on January 1. The ministers at the meeting welcomed "the active participation of the new members of BRICS, the Ministers …

BRICS: 5 countries officially join Group of Emerging Nations
10 months, 3 weeks ago

BRICS: 5 countries officially join Group of Emerging Nations

Live Mint  

South Africa’s foreign minister said Saudi Arabia and four other countries have accepted the invitation to join the BRICS club of nations that was extended during a summit last year. Minister Naledi Pandor said that Russia, who takes over as chair of the bloc this year from South Africa, has received written interest from 34 countries who want to join. …

BRICS Doubles in Size with Admission of 5 New Members; Putin Hints at Further Expansion
11 months, 3 weeks ago

BRICS Doubles in Size with Admission of 5 New Members; Putin Hints at Further Expansion

News 18  

The BRICS bloc of top emerging economies, including India, Russia and China, has announced induction of five full members into it in an attempt to expand its strategic heft against the backdrop of Western dominance in world affairs. As Moscow assumed the presidency of BRICS, Russian President Vladimir Putin on Monday said the grouping has become a 10-nation body now …

BRICS Expansion: Five including Iran, Saudi Arabia & UAE join bloc
11 months, 3 weeks ago

BRICS Expansion: Five including Iran, Saudi Arabia & UAE join bloc

Firstpost  

In a move to enhance its strategic influence in response to the prevailing dominance of the West in global affairs, the BRICS bloc of top emerging economies, including India, Russia and China has announced the induction of five full members. As Russia took on the BRICS presidency, President Vladimir Putin declared on Monday that the group has now expanded to …

Newly-elected Argentina President Milei cancels plan to join BRICS
11 months, 3 weeks ago

Newly-elected Argentina President Milei cancels plan to join BRICS

Firstpost  

Milei said in his letter that his approach to foreign affairs “differs in many aspects from that of the previous government. In this sense, some decisions made by the previous administration will be reviewed.” The newly elected far-right President of Argentina, Javier Milei decided not to join the BRICS bloc of developing economies, saying that the timing for Argentina’s membership …

Pakistan Applies for BRICS Membership; Seeks Russia's Support
1 year, 1 month ago

Pakistan Applies for BRICS Membership; Seeks Russia's Support

News 18  

Pakistan has applied for membership in the BRICS grouping and sought Russia’s support, the country’s envoy to Moscow Muhammad Khalid Jamali has said. Pakistan has filed an application to join the BRICS group of nations in 2024 and is counting on Russia’s assistance during the membership process, Russia’s official TASS news agency quoted Jamali as saying on Wednesday. Jamali said …

Islamabad applies to join BRICS in 2024, says Pakistan's envoy to Russia
1 year, 1 month ago

Islamabad applies to join BRICS in 2024, says Pakistan's envoy to Russia

Firstpost  

The league of developed and developing nations originally consisted of Brazil, Russia, India, China and South Africa and was formed in 2010. At its last summit in South Africa in October the BRICS group decided to invite six more countries to join their alliance. Pakistan has applied to join the BRICS group of nations in 2024, with the expectation of …

BRICS expansion: A warning to the US, but not a ‘new Cold War’
1 year, 3 months ago

BRICS expansion: A warning to the US, but not a ‘new Cold War’

Al Jazeera  

BRICS is alluring to aspiring members precisely because it does not require them to commit to an alliance. As economic tensions soar and geoeconomics becomes a battleground, countries of the Global South seem drawn to the BRICS group, which includes and is partially led by China. This new environment presents the nations of the Global South with options about how …

Concrete alliance: The Hindu Editorial on the BRICS grouping and its expansion
1 year, 3 months ago

Concrete alliance: The Hindu Editorial on the BRICS grouping and its expansion

The Hindu  

If there was any doubt about the relevance of the BRICS grouping, which held its 15th Summit in Johannesburg this week, the massive global interest in its outcomes should have put those to rest. Ever since the grouping, set up as a coalition of emerging economies, said last year that it was open to new members, as many as 40 …

Analysis: What do BRICS invitations mean for the Middle East?
1 year, 3 months ago

Analysis: What do BRICS invitations mean for the Middle East?

Al Jazeera  

Saudi Arabia, UAE look to balance relations between east and west, while Iran, Egypt look to benefit financially. “BRICS membership offers a path for Saudi Arabia and the UAE to balance their respective relationships with the United States with their interests in deepening economic ties with China,” Grise told Al Jazeera. Hamdi said that Iran’s entry alongside the UAE and …

Iran, Saudi Arabia, the United Arab Emirates, Argentina, Egypt and Ethiopia to join China and Russia in BRICS bloc
1 year, 3 months ago

Iran, Saudi Arabia, the United Arab Emirates, Argentina, Egypt and Ethiopia to join China and Russia in BRICS bloc

ABC  

Iran and Saudi Arabia were among six countries invited to join the BRICS bloc of developing economies in a move that showed signs of strengthening a China-Russia coalition as tensions with the West spiral higher. Key points: More than 20 countries had formally applied to join BRICS ahead of the this year's summit and more than 20 others had expressed …

BRICS to Add 6 New Members
1 year, 4 months ago

BRICS to Add 6 New Members

Deccan Chronicle  

New Delhi: In a historic move, the five-nation Brics grouping agreed by a consensus to expand with effect from January 1, 2024, to include six new members, that will take its total membership to 11 nations. Speaking at the joint address, Prime Minister Narendra Modi reiterated India had always supported the expansion of Brics and that the new members will …

UAE president says he appreciates inclusion of his country in BRICS
1 year, 4 months ago

UAE president says he appreciates inclusion of his country in BRICS

Live Mint  

BRICS 2023 summit: UAE President Mohammed bin Zayed Al Nahyan on 24 August said his country looks forward to working with BRICS for the benefit of all. PM Modi also said that India welcomes Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE into the BRICS family. In that spirit, India welcomes Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE into …

Iran and Saudi Arabia are among 6 nations set to join China and Russia in the BRICS economic bloc
1 year, 4 months ago

Iran and Saudi Arabia are among 6 nations set to join China and Russia in the BRICS economic bloc

Associated Press  

JOHANNESBURG — Iran and Saudi Arabia were among six countries invited Thursday to join the BRICS bloc of developing economies in a move that showed signs of strengthening a China-Russia coalition as tensions with the West spiral higher. The United Arab Emirates, Argentina, Egypt and Ethiopia were also set to enter BRICS from Jan. 1, 2024, joining current members Brazil, …

BRICS set to invite Saudi Arabia to join the bloc
1 year, 4 months ago

BRICS set to invite Saudi Arabia to join the bloc

Live Mint  

The BRICS is all set to invite Saudi Arabia to join bloc, Bloomberg News reported on Thursday. Saudi Arabia and Egypt have not publicly stated their position on potentially joining BRICS, although Riyadh sent a delegation to the meeting. Three sources with knowledge of an agreement between BRICS leaders meeting at a summit in Johannesburg, South Africa told Reuters that …

Saudi Arabia, UAE and Iran among six countries invited to join BRICS group
1 year, 4 months ago

Saudi Arabia, UAE and Iran among six countries invited to join BRICS group

CNN  

CNN — Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade. Saudi Foreign Minister Prince Faisal bin Farhan said the kingdom was awaiting details from the BRICS group on the nature of the membership, and would take an “appropriate …

‘A wall of BRICS’: The significance of adding six new members to the bloc
1 year, 4 months ago

‘A wall of BRICS’: The significance of adding six new members to the bloc

Al Jazeera  

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE have been invited to join the grouping of top emerging economies in January 2024. With the inclusion of Saudi Arabia, Iran, UAE and Egypt, “you could argue it’s very Middle East centric”, according to Sanusha Naidu, a senior research fellow at the Institute for Global Dialogue, a South African think tank …

Saudi Arabia, Iran among six nations invited to join BRICS
1 year, 4 months ago

Saudi Arabia, Iran among six nations invited to join BRICS

Al Jazeera  

Talks of expansion have dominated the three-day annual summit of major emerging economies in Johannesburg. Johannesburg, South Africa – Saudi Arabia and Iran are among six countries invited to join BRICS as new members next year, South African President Cyril Ramaphosa has announced on the final day of a summit of the group that considers itself a counterweight to Western …

BRICS: Why Saudi Arabia, Iran, and others want to be part of it
1 year, 4 months ago

BRICS: Why Saudi Arabia, Iran, and others want to be part of it

The Hindu  

Published : Aug 22, 2023 15:38 IST - 5 MINS READ The BRICS group of emerging countries—Brazil, Russia, India, China, and South Africa—will meet for their annual summit starting August 22 in Johannesburg. This 2023 summit has gained prominence amid expectations that the grouping could add new members as China and Russia seek to increase their political influence with tensions …

BRICS expansion could be a bad idea. Here’s why
1 year, 4 months ago

BRICS expansion could be a bad idea. Here’s why

Al Jazeera  

As leaders of Brazil, Russia, India, China and South Africa meet for their annual BRICS summit starting on Tuesday, there is little doubt that the grouping has taken on new importance amid intensifying great power competition. But while South Africa, Brazil and India have better relations with the West, they too see lesser reliance on the dollar as being a …

Russia, China look to advance agendas at BRICS summit of developing countries in South Africa
1 year, 4 months ago

Russia, China look to advance agendas at BRICS summit of developing countries in South Africa

India TV News  

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week, when an expected joint dose of anti-West grumbling from them may take on a sharper edge with a formal move to bring Saudi Arabia closer. Leaders from the BRICS economic bloc of Brazil, Russia, India, China …

What is the future of the BRICS?
1 year, 4 months ago

What is the future of the BRICS?

Live Mint  

ON AUGUST 22ND the 15th annual summit of the BRICS —a group comprising Brazil, Russia, India, China and South Africa—takes place in Johannesburg. But Mr Ramaphosa’s dilemma is part of a wider struggle between BRICS members over how to make the group geopolitically relevant. An adviser to Iran’s president calls membership of the BRICS “the next step" in his country’s …

Ethiopia applies to join the BRICS bloc of emerging economies
1 year, 5 months ago

Ethiopia applies to join the BRICS bloc of emerging economies

Al Jazeera  

BRICS countries account for more than 40 percent of the world’s population and about 26 percent of the global economy. Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday. “We expect BRICS will give us a positive response to the request we have made,” foreign ministry spokesperson …

Brics summit mulls expansion and new currency in bid to rival dollar and escape sanctions
1 year, 6 months ago

Brics summit mulls expansion and new currency in bid to rival dollar and escape sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Russian foreign minister Sergei Lavrov, …

The olive branch effect of the Beijing Accord
1 year, 8 months ago

The olive branch effect of the Beijing Accord

The Hindu  

Just over a month after the Beijing Accord restored ties between Iran and Saudi Arabia, the regional landscape is witnessing not war, death and destruction but ministers and diplomats dashing from one capital to another to discuss initiatives to promote political and economic cooperation. And, the Syrian President, Bashar al-Assad, isolated for a decade, has been a welcome guest in …

BRICS nations offer a new world order as alternative to the West
1 year, 8 months ago

BRICS nations offer a new world order as alternative to the West

The Hindu  

Published : Mar 27, 2023 17:12 IST - 4 MINS READ The acronym began as a somewhat optimistic term to describe what were the world’s fastest-growing economies at the time. “The BRICS countries are experiencing their geopolitical moment.” Brazil, Russia, India, China and South Africa are trying to position themselves as representatives of the Global South, providing “an alternative model …

Iran applies to join BRICS group of emerging countries
2 years, 5 months ago

Iran applies to join BRICS group of emerging countries

The Hindu  

Iran has submitted an application to become a member in the group of emerging economies known as the BRICS, an Iranian official said on Monday. Iran's membership in the BRICS group, which includes Brazil, Russia, India, China and South Africa, "would result in added values for both sides," Iran's Foreign Ministry spokesperson said. Russian Foreign Ministry spokeswoman Maria Zakharova said …

Iran applies to join BRICS group of emerging countries
2 years, 5 months ago

Iran applies to join BRICS group of emerging countries

Al Jazeera  

Iranian official says membership ‘would result in added values for both sides’. Iran has submitted an application to become a member of the group of emerging economies known as the BRICS, an Iranian official said on Monday. Iran’s membership in the BRICS group, which includes Brazil, Russia, India, China and South Africa, “would result in added values for both sides,” …

How much influence do the BRICS wield on the world stage?
2 years, 6 months ago

How much influence do the BRICS wield on the world stage?

Al Jazeera  

China warns against expanding military alliances and weaponising economic sanctions. The world’s top five emerging economies – Brazil, Russia, India, China and South Africa, known as BRICS – are holding their annual summit virtually for the third time this year due to the pandemic. The meeting is taking place against a complex geopolitical backdrop, from the war in Ukraine and …

BRICS group may soon expand, says China
2 years, 6 months ago

BRICS group may soon expand, says China

The Hindu  

The Brazil-Russia-India-China-South Africa grouping may for the first time begin an expansion process to include new developing country members, the Chinese government said on Friday. China, which is the BRICS chair for this year, said the recently held meeting of BRICS Foreign Ministers “reached consensus on the BRICS expansion process”. The May 19 BRICS Foreign Ministers’ virtual meeting this year …

BRICS Foreign Ministers to Meet Via Video Conference on September 4
4 years, 3 months ago

BRICS Foreign Ministers to Meet Via Video Conference on September 4

News 18  

Foreign ministers of the BRICS bloc, including from India, will hold a virtual meeting on September 4 during which they will focus on topical international issues and discuss cooperation between the five countries, the Russian foreign ministry announced on Thursday. The grouping brings together five major emerging economies comprising 42 per cent of the world’s population, having 23 per cent …

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