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Emerging markets group BRICS invites 6 new members, including Saudi Arabia and Iran

BusinessEmerging markets group BRICS invites 6 new members, including Saudi Arabia and Iran

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South African police officers walk in front of an event banner outside the venue for the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Monday, Aug. 21, 2023.

Michele Spatari | Bloomberg | Getty Images

The BRICS economic coalition of emerging markets has decided to extend membership invitations to six nations, South African President Cyril Ramaphosa said Thursday.

The BRICS alliance — which currently reunites Brazil, Russia, India, China and South Africa — is set to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to join, Ramaphosa said in a speech published on the X social media platform, previously known as Twitter.

South Africa is presently hosting the 15th BRICS summit.

This is a breaking news story and is being updated.



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