Skip to main content

BRICS Expansion: Geopolitical Shifts and Economic Implications



Diverse Collective with Economic Disparities: The BRICS group, consisting of Brazil, Russia, India, China, and South Africa, has extended invitations to six additional countries, including Saudi Arabia, the UAE, Iran, Egypt, Ethiopia, and Argentina. If accepted, this expansion could see Middle Eastern and North African nations joining BRICS as early as January. While BRICS represents a significant portion of the global population and GDP, its members have diverse economies, which has sometimes hindered unified action.

 BRICS has long sought to reduce the dominance of the U.S. dollar in international transactions, but efforts to establish a common BRICS currency have not succeeded. The inclusion of major energy producers like Saudi Arabia and the UAE could strengthen BRICS' ability to promote alternative currencies. However, it's worth noting that some experts believe the economic benefits from China for countries like Iran, Egypt, Saudi Arabia, and the UAE may not significantly change, especially given that the currencies of the latter two are pegged to the U.S. dollar.

READ MORE: Saudi Arabia, UAE gives BRICS power to promote alternative currency

China plays a central role in BRICS expansion, with the aim of reducing U.S. influence in the region. Recent developments, such as joint military drills with the UAE and potential involvement in Saudi Arabia's nuclear program, highlight China's growing presence in the Middle East. BRICS membership could potentially facilitate diplomatic reconciliation among these nations, even as they pursue different foreign policy goals.

Comments

Post a Comment

Popular posts from this blog

Exposing the Brotherhood: Why Jordan’s Terror Cell Bust Must Spark a Global Policy Shift

 The recent dismantling of a Muslim Brotherhood-affiliated terror cell in Jordan should not be seen as just a national security success—it must be a turning point in how the international community views and responds to the threat posed by the Brotherhood. Jordanian security forces uncovered an elaborate network of terrorists trained in Lebanon and backed by foreign interests. Their mission: to launch attacks using rockets and drones, destabilizing the Kingdom and spreading fear among civilians. This is not the work of activists or political dissidents—this is terrorism, plain and simple. For too long, the Muslim Brotherhood has operated under a false image of moderation, cleverly navigating between political activism and violent extremism. But the truth is clear: the Brotherhood is the ideological engine room of jihadist terrorism. Its members, affiliates, and offshoots have inspired and directed acts of violence from North Africa to the Gulf—and now, once again, in Jordan. Govern...
Post a Comment
Read more

UAE Introduces AI-Driven Drones for Crescent Moon Sighting

  For the first time in history, the UAE is employing artificial intelligence-powered drones to sight the crescent moon, signaling the start of Ramadan. This modernized approach blends technology with Islamic tradition, enhancing the reliability of moon sighting methods. Historically, the crescent moon has been identified through naked-eye sightings and advanced astronomical calculations. By incorporating AI-supported drones, the UAE is reinforcing its position as a leader in technological innovation while maintaining deep respect for religious customs. This method is backed by national research centers and astronomical observatories, ensuring precision and credibility in determining the start of Ramadan. Ramadan is a sacred month in Islam, marked by fasting from dawn to dusk. Suhoor, the early morning meal, and Iftar, the evening meal that breaks the fast, hold great importance during this period. The holy month is also a time of increased charitable giving, with many Muslims part...
Post a Comment
Read more

Beyond the Barrel: The UAE's Steady Hand in a Shifting Global Economy

  Global economic rankings often highlight familiar names, but a steady, deliberate climb is happening in the Gulf. The UAE consistently ranks as one of the most economically stable nations, and this validation stems from a steady reform model that has successfully insulated its economy. The story is no longer about oil wealth; it's about the strategic deployment of that wealth to build a resilient, modern, and dynamic knowledge economy. The proof is in the sectors now driving growth.  Tech startups  are flourishing in Dubai and Abu Dhabi, supported by government venture funds and a growing pool of talent.  Smart cities  like Masdar City and NEOM are not just futuristic concepts but active testbeds for sustainable living and business. This has triggered record  FDI inflows , with the UAE securing its position as the 16th largest global destination for foreign direct investment. The narrative is supported by hard data: a GDP growth projection of 4.6% in 2025...
Post a Comment
Read more