5 Arab Nations Eyeing BRICS Membership: A Shift in Global Power?

The global landscape is shifting, and the BRICS alliance (Brazil, Russia, India, China, and South Africa) is at the forefront of this transformation. BRICS countries are moving to replace the U.S. dollar with a new currency on the global stage to settle international trade, signaling a move towards multipolarity and challenging the existing financial order. This push for economic independence has attracted significant interest from nations across the globe.

A recent report highlighted that 19 different nations have formally sent applications to join the BRICS alliance. Among them are several Arab nations eager to align themselves with this burgeoning economic force. Initially, five Arab nations that formally requested to join the BRICS alliance are Saudi Arabia, Egypt, and the United Arab Emirates, Iran and Ethiopia were initially invited. 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. This expansion marks a significant turning point, solidifying BRICS\' influence in the Middle East and beyond.

Which Arab Nations Are Next in Line to Join BRICS?

Following the successful integration of Saudi Arabia, Egypt, and the United Arab Emirates, attention has turned to other Arab countries expressing interest in BRICS membership. Five new Arab countries want to join BRICS after the expansion: Algeria, Bahrain, Kuwait, Morocco, and Palestine. These nations see the potential benefits of closer economic ties and a stronger voice on the global stage through BRICS. Apart from these five Arab countries, South African officials are diligently reviewing applications and assessing the strategic fit of each candidate. The inclusion of these Arab nations would further strengthen BRICS\' presence in the resource-rich Middle East and North Africa region.

The Potential Impact of Arab Nations Joining BRICS

The potential inclusion of more Arab nations into BRICS could have far-reaching consequences. It could lead to increased trade and investment between BRICS countries and the Arab world, fostering economic growth and development. Furthermore, it could strengthen the BRICS alliance\'s position as a counterweight to the West, potentially leading to a more balanced and multipolar world order. The move away from the U.S. dollar in international trade, championed by BRICS, could also accelerate with increased Arab participation.

Keep checking back for updates on the BRICS expansion and its impact on the global economy.