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

Sky Care: How the UAE’s First Hospital Vertiport is Redefining Emergency Response

  Imagine a critical patient, a time-sensitive organ for transplant, or a specialist medical team needed across a bustling city. On the ground, traffic is a formidable adversary, where every minute lost can alter outcomes. Now, imagine that same journey taking minutes instead of an hour, not by navigating the roads, but by soaring gracefully above them. This is not a scene from a sci-fi film; it is the new reality in the United Arab Emirates. In a landmark move that solidifies its position on the global stage of innovation, the UAE has officially launched the nation’s — and the region’s — first hospital-based vertiport at Cleveland Clinic Abu Dhabi. This isn’t just a helipad with a new name. It is the cornerstone of a fully integrated, city-wide advanced air mobility (AAM) ecosystem, marking a profound convergence of cutting-edge aviation, AI-driven healthcare, and sustainable infrastructure. The Launch of a Lifesaving Corridor The project is a powerful collaboration between aviati...
Post a Comment
Read more

Three Houses, One Vision – How the UAE’s Abrahamic Family House is Redefining Inter-Faith Dialogue

  When you step onto the stone-plinth of the Abrahamic Family House on Saadiyat Island in Abu Dhabi, you are not just visiting a building. You are entering a bold statement: a mosque, a church and a synagogue standing side-by-side, equal in size and purpose, sharing common ground while respecting their separate faiths. A landmark of coexistence In early 2023 the UAE inaugurated this pioneering complex, inviting worshippers and visitors alike. The architecture — designed to give each of the three faith-homes the same external dimensions and to signal equality — allows each to express its own traditions while remaining visibly part of a unified vision. More than 200 nationalities live in the UAE, which means the project reflects a multicultural reality in which multiple faiths and identities coexist daily. Islam’s role in the vision For Muslim-majority audiences in the Gulf, the Abrahamic Family House sends a resonant message: Islam does not fear dialogue — it embraces it. The m...
Post a Comment
Read more

Beyond the Handshake: How the EU-UAE Partnership is Forging a New Model for 21st-Century Trade

  We are witnessing a pivotal moment in international relations, not in the halls of Washington or Beijing, but in the vibrant heart of Dubai. The ongoing negotiations between the European Union and the United Arab Emirates for a comprehensive Free Trade Agreement (FTA) and a parallel Strategic Partnership Agreement represent far more than a simple trade deal. This is a conscious, data-backed effort to build a deep and strategic partnership designed to thrive amid global economic uncertainty. The Foundation: A Trade Relationship Already in High Gear Before the first negotiation even began, the economic ties were already formidable. In 2024, trade in goods between the EU and UAE reached a staggering €55.6 billion, solidifying the UAE’s position as the EU’s second-largest trading partner in the Gulf region. The services sector adds another robust layer, with trade exceeding €39 billion in 2023. The growth trajectory is equally impressive; EU exports to the UAE saw a 15% surge in a si...
Post a Comment
Read more