5 New Arab Countries Look To Join BRICS Alliance
The BRICS alliance invited four Arab countries to join the bloc in August this year during the 15th summit in Johannesburg. The three Arab countries inducted into BRICS are Saudi Arabia, the UAE, and Egypt. The other three countries invited to BRICS are Iran, Ethiopia, and Argentina. However, Argentina is the first country to reject BRICS membership as the newly elected president Javier Milei did not wish to be a part of the alliance.
Moreover, BRICS is looking to cut ties with the US dollar and diminish its global supremacy. Read here to know how many sectors in the US will be affected if BRICS stops using the dollar.
Also Read: BRICS: 150 Countries To Pay Chinese Yuan, Not USD for Loan Repayment?
BRICS: 5 New Arab Countries Ready To Join Alliance
On the heels of the expansion, five new Arab countries are now looking to join the BRICS alliance. Arab countries are looking to end dependency on the US dollar and promote their local currencies for global trade. The five new Arab countries that have expressed interest in joining the BRICS alliance are Algeria, Bahrain, Kuwait, Morocco, and Palestine.
Also Read: US Dollar First Casualty When Trade Between BRICS Countries Rise
Apart from these five Arab countries, 20 other nations are willing to join the BRICS alliance, confirmed South African Ambassador Anil Sooklal. “Over 20 countries formally approached BRICS to become members,” revealed Sooklal to ANI News Agency. The countries that are interested in joining the BRICS alliance include Pakistan, and Nigeria, among others.
“Be it Pakistan or any other country. There are a large number of countries formally approaching us and this will be attended to by foreign ministers and leaders based on consensus,” he said. Pakistan is seeking the help of Russia to be inducted into the bloc.
Also Read: Don’t Expect Gold Prices To Stop at $2,100: Market Analysis
Therefore, the BRICS alliance could spread its wings across the Arab world, Africa, Asia, and the global south. This puts the West and the US under pressure as a united BRICS could wreak havoc on the traditional markets.
Read More
5 New Arab Countries Look To Join BRICS Alliance
The BRICS alliance invited four Arab countries to join the bloc in August this year during the 15th summit in Johannesburg. The three Arab countries inducted into BRICS are Saudi Arabia, the UAE, and Egypt. The other three countries invited to BRICS are Iran, Ethiopia, and Argentina. However, Argentina is the first country to reject BRICS membership as the newly elected president Javier Milei did not wish to be a part of the alliance.
Moreover, BRICS is looking to cut ties with the US dollar and diminish its global supremacy. Read here to know how many sectors in the US will be affected if BRICS stops using the dollar.
Also Read: BRICS: 150 Countries To Pay Chinese Yuan, Not USD for Loan Repayment?
BRICS: 5 New Arab Countries Ready To Join Alliance
On the heels of the expansion, five new Arab countries are now looking to join the BRICS alliance. Arab countries are looking to end dependency on the US dollar and promote their local currencies for global trade. The five new Arab countries that have expressed interest in joining the BRICS alliance are Algeria, Bahrain, Kuwait, Morocco, and Palestine.
Also Read: US Dollar First Casualty When Trade Between BRICS Countries Rise
Apart from these five Arab countries, 20 other nations are willing to join the BRICS alliance, confirmed South African Ambassador Anil Sooklal. “Over 20 countries formally approached BRICS to become members,” revealed Sooklal to ANI News Agency. The countries that are interested in joining the BRICS alliance include Pakistan, and Nigeria, among others.
“Be it Pakistan or any other country. There are a large number of countries formally approaching us and this will be attended to by foreign ministers and leaders based on consensus,” he said. Pakistan is seeking the help of Russia to be inducted into the bloc.
Also Read: Don’t Expect Gold Prices To Stop at $2,100: Market Analysis
Therefore, the BRICS alliance could spread its wings across the Arab world, Africa, Asia, and the global south. This puts the West and the US under pressure as a united BRICS could wreak havoc on the traditional markets.
Read More