BRICS expansion: Egypt, Iran, Saudi Arabia & UAE invited

Leaders of the BRICS alliance of five nations have invited another six countries to join.
They are: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.

The annual BRICS summit is being held in Johannesburg.
The leaders of Brazil, India, China and South Africa are there, while Russia's president is on video link from Moscow.
The South African President made the expansion announcement.

Al Jazeera’s Fahmida Miller joins us now from Johannesburg for the latest updates.

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[Richardcarlett]

Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.

[edward.abraham]

BRICS aims to create a new gold-backed currency, leveraging gold's historical value. Its feasibility within the global financial system and widespread acceptance remain uncertain, contingent on economic, political, and logistical factors. Decisions regarding this new currency would involve complex considerations.

[kumkan]

We love you Ethiopia our brothers and Sisters

From South Africa

[GrailArmattoe-]

Congratulations to Egypt and Ethiopia! Proud as an African😊

[esashaik]

Having Iran as a member of Brics is a huge slap to America and Israel😂But they should of include Indonesia which has the 4th largest population in the world and a fast growing economy.

[zainzoala]

When you threaten with economic sanctions & control every single country who disagrees with you, then of course it make sense why countries start to get worried.

[Shaleqa_Adenan]

To all Ethiopians, It’s in our best interests for us to be part of BRICS! We Ethiopians 🇪🇹 are very grateful to be part of BRICS community!

[cauedantas]

🇧🇷 Brazil welcomes you all! I hope BRICS can grow even more! Would love to see more latino countries, Indonesia, Algeria, Nigeria...

[abdulhannan]

Now 6 of the 9 largest oil producing countries are BRICS nations.

[dlncjxk]

A world without the tyranny and dictate of the Anglo-Saxons will be beautiful!We can build it together.Hello from Russia

[AfricaMultimediaa]

Congratulations 🎉 From Eritrea 🇪🇷🇪🇷🇪🇷🇪🇷 to My Beloved Ethiopia ❤ and the Rest Of BRICS Members.

[LeoN-hgqx]

Iran is the bridge between India and Russia. It's also in the silk road. So three biggest powers of BRICS need Iran's happiness!

[LeulYilma]

Am happy my country Ethiopia joins BRICS! Brighter future ahead, specially economic ties with members. 🇪🇹

[RationalismIsFuture]

As Indian I WISH that Indonesia, Vietnam and Mexico should also join brics in future

[petergreen]

This is very good news. It brings hope to rest of the world. Good luck to BRICS.

[momomo]

Very happy to see Egypt among the nations chosen. Brighter days ahead!

[hueningbahiyyih]

BRICS is the best thing to happen for the continents of Africa and Asia. God bless our continents

[UserDontiAS]

As African from South Africa 🇿🇦🇿🇦 I say Africans must unite ✊

[kebrarawtube]

Ethiopia joined BRICS Block that's is a good news for Ethiopians to get alternative options for their development.

[milionephrem]

It Is great to see that Ethiopia 🇪🇹 is a full member of BRICS.
If all African countries become members of BRICS, the hegemony of America and Europe will end.
The US dollar will also lose value.
Congratulation Ethiopia🇪🇹