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Home Economy BRICS Admit Egypt, UAE, 3 Others New Members in January
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BRICS Admit Egypt, UAE, 3 Others New Members in January

By
Prnigeria
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December 30, 2023
BRICS Countries
BRICS Countries

BRICS Admit Egypt, UAE, 3 Others New Members in January

Five countries, Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt will join the BRICS group of emerging-market states on January 1, 2024.

South Africa’s ambassador to the bloc, Anil Sooklal, disclosed this in an interview on Friday.

The BRICS group, comprising Brazil, Russia, India, China, and South Africa, asked six other nations to join their alliance in August, with the goal of challenging the US-led global order.

Russia created the alliance in 2009, and it now represents 42% of the world’s population, 30% of the global geography, and 24% of global economic production.

 

The five invitees accepted the invitation by attending a BRICS sherpa summit earlier this month in Durban, South Africa, and are likely to send representatives to another meeting in Moscow on January 30.

Read Also:

  • Troops Eliminate Notorious Bandit Kingpin ‘Dan Dari Biyar’ in Sokoto Operation
  • Tinubu, NUJ, Police, and Military Mourn the Death of Gusau Emir
  • Customs Moves Against 223 Importers in N379bn Permit Breach

 

Argentina, on the other hand, declined the offer after President Javier Milei, who took office this month, overturned his predecessor’s quest to join the club.

 

According to Russian Foreign Minister Sergey Lavrov, over 30 countries have expressed interest in developing links with the union.

 

Nigeria, Africa’s most populous country and largest economy, also hopes to join BRICS within the next two years, according to Foreign Minister Yusuf Tuggar in November.

 

However, Nigeria’s Vice President, Kashim Shettima, who attended the group’s meeting in South Africa, failed to demonstrate any concrete interest in becoming a member.

South African Foreign Minister Naledi Pandor said that the expansion of the alliance is driven by the desire for alternative arrangements to the existing global power balance.

 

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Troops Eliminate Notorious Bandit Kingpin ‘Dan Dari Biyar’ in Sokoto OperationTinubu, NUJ, Police, and Military Mourn the Death of Gusau EmirCustoms Moves Against 223 Importers in N379bn Permit BreachCOAS Endorses NDC’s Research on Advanced Military TechnologiesAnambra Police Arrest Suspected Child Trafficker, Rescue 11 Abducted ChildrenHis Death is a National Loss - Tinubu Mourns Emir of GusauNAF, NASENI Bolster Partnership for Indigenous Defence, Aerospace InnovationSix Suspects Arrested for Kidnapping, Rape, Robbery in NasarawaTroops Rescue 3 Kidnapped Victims in Benue–Taraba BorderNCCSALW, TRADOC Strengthen Ties to Combat Illicit Arms in North CentralAnambra, Adamawa Police Bust Child Trafficking Ring, Free 11 MinorsHow Customs is Tightening Borders to Stop Illicit Cash Flows - CG Adeniyi LPPC Elevates Nasarawa SSG, Osun AG, S/Court Judge's Son, Ayodeji, 53 others to SANsKaduna NIPR Urges Students to Embrace Evolving PR LandscapeFACT-CHECK: Did a N10bn Lafia Flyover Collapse Three Weeks After Commissioning in Nasarawa?
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