Egypt’s BRICS membership officially activated under Russia ...Kuwait

Egypt’s membership in the BRICS has been officially activated on Monday as Russia assumed leadership of the group comprising 10 countries. The BRICS, an economic platform for emerging markets and developing countries, welcomed its five new members - Egypt, Saudi Arabia, UAE, Iran, and Ethiopia, joining earlier last year during the group’s summit held in the South African capital Johannesburg.  The integration of new member states marks a major expansion for the bloc originally founded by Russia, Brazil, China, and India in 2006 and later joined by South Africa in 2011. Egypt has been facing record inflation, making it difficult for the country to repay its external de

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