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BRICS is an intergovernmental organization consisting of ten countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. It is considered to be a counterpart and alternative to the G7 bloc of the world's largest economies and combined represent nearly half [2] of the world's population.
Algeria had previously applied for membership in 2023, [19] but later rejected it in September 2024, making Algeria the second country after Argentina to decline and stop its application. [ 20 ] Following the 2024 BRICS summit , Brazil blocked Venezuela's application to the bloc, largely due to the disputed 2024 Venezuelan elections and the ...
Algeria has applied to join the BRICS group and submitted a request to become a shareholder member of BRICS Bank with an amount of $1.5 billion, Ennahar TV quoted Algerian President Abdelmadjid ...
The 2024 BRICS summit was the sixteenth annual BRICS summit, held in Kazan, Russia. It was the first BRICS summit to include Egypt , Ethiopia , Iran , and the United Arab Emirates as members, following their accession to the organization at the 15th BRICS summit .
DAVOS, Switzerland (Reuters) -Saudi Arabia is still considering an invitation to become a member of the BRICS bloc of countries after being asked to join by the group last year, two sources with ...
JOHANNESBURG (Reuters) -The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - will hold its 15th heads of state and government summit in Johannesburg ...
31 August: The BRICS New Development Bank authorizes Algeria as a new bank member. [ 4 ] 7 September: 2024 Algerian presidential election : Incumbent President Abdelmadjid Tebboune is re-elected for a second term with 84% of the vote.
Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank's president, Dilma Rousseff, said on Saturday. A multilateral development bank, the NDB was ...