The BRICS group of emerging-market nations is set to expand significantly, with the addition of five new members: Saudi Arabia, Iran, the United Arab Emirates (UAE), Ethiopia, and Egypt, effective January 1st. This enlargement effectively doubles the size of the BRICS group, which previously consisted of Brazil, Russia, India, China, and South Africa. The new members joining the bloc represent a significant shift in the global economic landscape, with the expanded BRICS group now accounting for 29% of global GDP, 43% of global oil production, and roughly 46% of the world population. The inclusion of these countries also signals a step towards 'de-dollarization' among the member states, as they seek to reduce their reliance on the US dollar, which is a main goal of the expanded group. Additionally, the Suez Canal and the majority of the world's oil production now fall under the influence of BRICS nations. Argentina, under the leadership of President Javier Milei, declined to join the group, choosing instead to support the US and Israel.
❗️Saudi Arabia has officially become a BRICS member https://t.co/RED40gOoSW
JUST IN 🚨 Saudi Arabia officially joins BRICS bloc - state TV https://t.co/fgldSXKVZR
Saudi Arabia officially joins BRICS bloc - state TV https://t.co/A8VUTGQTFY https://t.co/TgMO8S0YYm
#SaudiArabia officially joined #BRICS bloc of countries, reported Saudi state TV https://t.co/haGgRmRP6L
#SaudiArabia officially joined #BRICS bloc of countries, reported Saudi state TV. https://t.co/haGgRmRP6L
Saudi Arabia has officially joined the BRICS https://t.co/hgiaH92p72
Saudi state TV says kingdom officially begins membership of BRICS bloc #BRICS | #SaudiArabia | #Russia https://t.co/woQxWkKtIY
#Saudi Arabia has officially begun its membership of the #BRICS bloc. https://t.co/ApZFm9MhYz https://t.co/EwfmF8cK6D
The BRICS alliance has welcomed the official inclusion of the following nations: United Arab Emirates (🇦🇪) Saudi Arabia (🇸🇦) Ethiopia (🇪🇹) Egypt (🇪🇬) Iran (🇮🇷) https://t.co/uu3g55LYHK
Iran, Saudi Arabia, Egypt, Ethiopia, and the United Arab Emirates have formally joined #BRICS on January 1, 2024 to expand the bloc’s footprint in the Global South. The new bloc will represent roughly 46% of the world population, account for 30% of the world’s gross domestic… https://t.co/WBhBAHWnsk
UAE, Saudi Arabia, Egypt, Ethiopia, and Iran officially join BRICS. Javier Milei backed Argentina out of membership at the last moment to "support US and Israel." https://t.co/oJCGKUONBo
UAE, Saudi Arabi, Egypt, Ethiopia, and Iran officially join BRICS. Javier Milei backed Argentina out of membership at the last moment to "support US and Israel." https://t.co/Cus7PIsCzl
BRICS TO GROW AS SAUDI, IRAN, UAE, EGYPT, ETHIOPIA JOIN RANKS (Bloomberg) Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt to join its ranks on Jan. 1, South Africa’s envoy to the… https://t.co/coP0xSLvVo
BREAKING: The UAE, Saudi Arabia, Ethiopia, Egypt, and Iran officially joined BRICS today. Argentina under President Milei backed out in the end. https://t.co/L3UalglclP
BRICS expands influence to five new countries Egypt, Iran, Saudi Arabia, the UAE and Ethiopia became new members of the organization. https://t.co/2v1kL5DzX4
🚨‼️ Egypt, Iran, Saudi Arabia, the UAE and Ethiopia officially joined BRICS today! -> The Suez Canal and the world’s majority of oil production is now under the control of BRICS. Previously, it included only Brazil, Russia, India, China and South Africa. https://t.co/Fn8rwIa72e
#Egypt, Iran, Saudi Arabia, UAE, Ethiopia formally join #BRICS Read more: https://t.co/I4hOiVWqM7 https://t.co/fwo6lHedpB
BREAKING: The UAE, Saudi Arabia, Ethiopia, Egypt and Iran officially join the BRICS
Saudi Arabi, UAE, Egypt, Iran and Ethiopia have officially joined BRICS. Welcome to the new year.
🚨BRICS DOUBLES OVERNIGHT Today, the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially members of BRICS. They join Brazil, Russia, India, China, and South Africa as a formidable economic powerhouse, representing 29% of global GDP and 43% of global oil production.… https://t.co/1TAn5JIZtW
As of today, BRICS gained 5 new members. 🇪🇬Egypt 🇪🇹 Ethiopia 🇮🇷 Iran 🇸🇦 Saudi Arabia 🇦🇪 The United Arab Emirates joined the BRICS family. The main goal of BRICS will be "de-dollarization". The dollar is already being phased out among the BRICS members, and will… https://t.co/2BTPHHW936
First act of 2024: BRICS membership is doubling 5 new joiners: Iran Saudi Egypt Ethiopia UAE 5 existing members: Brazil Russia India China South Africa Argentina declined joining, after the election of Javier Milei in late 2023 https://t.co/jTuzIXSC7D
Brics: What is the group and which countries are joining? https://t.co/5wSab4AECD
Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the UAE, Ethiopia and Egypt to join its ranks on Jan. 1 https://t.co/KjIiCflSKU
🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 - Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt to join its ranks on January 1st, South Africa's envoy to the bloc said - Bloomberg Current members Brazil, Russia,… https://t.co/hHdMElJlEe
Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the UAE, Ethiopia and Egypt to join its ranks on January 1 https://t.co/Zntv8Xbqm2
Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the UAE, Ethiopia and Egypt to join its ranks on Jan. 1, South Africa’s envoy to the bloc says https://t.co/T1pDla3maa
Something the media is not talking about: Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates could join as full members of BRICS beginning January 1st. This is how the world order changes.