BRICS Show Interest to Admit New Members Saudi Arabia & UAE
BRICS foreign ministers held a two-day conference in Cape Town, South Africa last week. The foreign ministers from Brazil, Russia, India, China, and South Africa expressed the desire to admit new members into the alliance. The summit was also attended by Saudi Arabia ’s minister Prince Faisal bin Farhan who discussed “rebalancing” the global financial order. Prince Faisal held bilateral talks with members raising ideas to end reliance on the U.S. dollar and Western-dominated financial institutions. Also Read: Europe Might Get Ready To Accept BRICS Currency BRICS Could Add Saudi Arabia, UAE, & Other Developing Nations Into the Bloc Source: Pavel Golovkin / Reuters Iran’s foreign minister Hossein Amir-Abdollahian was also present at the conference despite not formally being a member of the alliance. Prince Faisal held talks with Hossein examining steps to implement agreements between Iran, Saudi Arabia, and the BRICS bloc. Also Read: Saudi Arabia To Challenge U.S. ...