Skip to main content

UAE seeking to balance global policy priorities and needs of Global South through BRICS membership

 



Last year, BRICS expanded by inviting six new countries, leading to the UAE officially joining the economic bloc in 2024. The UAE’s diverse economy and expertise in sectors such as energy and infrastructure align well with the goals of the existing BRICS members.


The UAE’s membership in BRICS underscores its long-standing strategy of building global partnerships to enhance the competitiveness and sustainability of its economy while exploring new opportunities for growth. This expansion in 2024 has bolstered BRICS’ economic influence.


The UAE Under-Secretary of the Ministry of Finance highlighted that the country’s accession to BRICS will strengthen efforts to build balanced economic relations and solidify its presence in emerging and developing markets. He emphasized that the UAE’s leadership in international trade cooperation has enabled it to address critical global challenges, leading to numerous comprehensive economic partnership agreements that reinforce its role in global trade.


The UAE remains committed to balancing global policy priorities with the needs of the Global South. Dedicated to inclusivity and equity, the Gulf state aims to ensure that international policies reflect the perspectives of developing nations.


With the expansion in 2024, BRICS now represents around 45% of the global population and 25% of global exports, with a combined GDP accounting for 29% of the world’s total GDP.


The UAE’s strong focus on climate change and sustainable development was evident at the recent BRICS High-level Dialogue on Climate Change in Russia. The UAE Minister of Climate Change and Environment played a key role in discussions on national efforts to combat climate change and BRICS cooperation. The minister reaffirmed the UAE’s commitment to international collaboration, noting that the country has invested $50 billion in clean energy projects across more than 70 countries and plans to invest an additional $50 billion over the next decade.

Labels:

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

UK Business Migration to the UAE: An Economic Transformation Set to Triple by 2035

  A significant realignment is underway in the global business landscape. The corridor between the United Kingdom and the United Arab Emirates is experiencing a dramatic surge in traffic, not of tourists, but of companies, entrepreneurs, and capital. Projections indicate that the number of UK businesses operating in the UAE is on a trajectory to triple by the year 2035. This is not a fleeting trend but a strategic migration fueled by a powerful combination of economic foresight and pragmatic policy. For UK businesses, the appeal is clear and compelling. The UAE offers a starkly contrasting environment to the complexities of the European market post-Brexit. The cornerstone of this appeal is a favourable tax regime, featuring zero percent income tax and a competitive corporate tax structure. This financial efficiency is coupled with groundbreaking reforms that allow for one hundred percent foreign ownership of mainland companies, giving investors full control over their ventures. The...
Post a Comment
Read more