coinwire
2023-08-25
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The BRICS group of developing nations, comprised of Brazil, Russia, India, China, and South Africa, is set to undergo its first expansion in over a decade. The annual summit held in Johannesburg concluded with the announcement that Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, Ethiopia, and Argentina have been invited to join the group. This expansion marks a historic moment and holds potential implications for the geopolitical landscape and global economic cooperation.