Five countries formally join BRICS

The BRICS memberships of Saudi Arabia, Egypt, the United Arab Emirates, Iran and Ethiopia officially took effect on Monday.

The countries were invited to join the group in August 2023 after the 15th BRICS Summit in Johannesburg, South Africa.

Originally comprising Brazil, Russia, India, China, and South Africa, BRICS, an important platform for cooperation among emerging markets and developing countries, has received numerous membership requests in recent years.