[24/08/2023 06:19]
JOHANNESBURG-SABA
Leaders of the BRICS countries China, India, Russia, Brazil and South Africa announced the expansion of the grouping to include the Kingdom of Saudi Arabia, Egypt , the United Arab Emirates, Argentina, , Ethiopia, Iran as new members at a news conference during its 15th Summit in Johannesburg on Thursday.
The Chinese President Xi Jipining whose country is the largest in the group of the leading non-western emerging economies described the move as a historic saying " the move marks a new starting point for BRICS cooperation and will inject newitality into the mechanism of BRICS cooperation, further strengthening the forces of global peace and development ".
The six countries' membership will take effect on Jan 1, 2024, South African President Cyril Ramaphosa announced at a press conference.
BRICS leaders met in Johannesburg from Aug 22 to 24 to discuss issues including deepening BRICS cooperation and the group's expansion
Foreign currency reserves in Egypt increase up to $49.036 billion
GDP grows 0.1 percent in Eurozone
China's fiscal expenditure increases 3.4 pect in H1
Korea's exports shrinks 2.2 percent
Italian GDP rises 0.3 percent
China's Foreign Exchange Reserves Rise to $3.2853 Trillion in May
U.S. President plans to increase tariffs on steel, aluminum imports
Japan supports its small, medium enterprises with $15.5 billion to face U.S. tariffs
IsDB sings financing agreements worth over$1 billion
GDP grows 0.3 percent in Eurozone, EU in 1Q