Saudi Arabia has joined Brics, the alliance of major developing countries, along with four other nations. The Saudi membership was due to start on 1 January, but there was a delay before it was ...

From 22 to 24 October, leaders and senior officials from 33 Global South countries and 6 international organizations attended the XVI BRICS Summit in Kazan, Russia, welcoming new members to the ...

Talk to policy researchers and policymakers in high-income countries about BRICS and you will hear decidedly mixed views. Some see it as an ‘anti-Western’ alliance, whereas others dismiss it ...

The summit’s theme was unlocking the potential of countries that felt spurned by the West in the post-Cold War era. “We are not building up a bloc that will be targeted against somebody’s interests,” ...

Why do countries want to "embrace BRICS"? BRICS countries have not only injected new vitality into the global economy but also introduced new approaches to global governance. In this episode of ...

BRICS Pay is a payment system initiative developed by the BRICS nations (Brazil, Russia, India, China and South Africa) to facilitate cross-border transactions among these countries. Its primary ...

Vice President Kashim Shettima has disclosed that Nigeria attracted $1.27bn in foreign capital from BRICS countries by June 2024, marking a significant rise from the $438.72m recorded during the ...

A plan by Brics countries to create a separate banking payments system could render international sanctions useless, a former chancellor of the Exchequer has warned. Brics, an alliance of major ...