BRICS invites 6 new members including UAE, Iran, Saudi Arabia

News Snapshot:

The BRICS alliance invited six countries to join, including the UAE, Saudi Arabia, Iran, Ethiopia, Argentina and Egypt. BRICS is currently made up of five countries – Brazil, Russia, India, China and South Africa. The new members would be brought in on 1 January 2024. The South African President and chair of BRICS, Cyril Ramaphosa, made the announcement on X this morning saying: “We have reached agreement on the guiding principles, standards, criteria and procedures of the #BRICS expansion process.” BRICS is a diverse group of nations. It is an equal partnership of countries that have differing views but a...