BRICS expands to include Argentina, Egypt, Ethiopia, Iran, Saudi Arabia & UAE

News Snapshot:

Cyril Ramaphosa, who was stating the three-day BRICS Summit’s outcomes Thursday, said: “As five BRICS countries, we have reached an agreement of the guiding principles, standards criteria and procedures of the BRICS expansion process which has been in discussion for quite a while. We have consensus on the first phase of the expansion process, and other phases will follow.” New Delhi: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE have been invited to be full members of BRICS, South African President Cyril Ramaphosa announced Thursday, a move that expands the present five-member grouping and strengthens its aim to champion the...