Egypt joins new bank of BRICS bloc ...Egypt

The Official Gazette in Egypt published President Abdel-Fattah al-Sisi’s ratification of the agreement establishing the New Development Bank (NDB), of the BRICS bloc, after Egypt signed the bank’s accession document. The BRICS is one of the most important economic blocs in the world, that comprises Brazil, Russia, India, China and South Africa. The BRICS is an abbreviation of the initials in the English language of the member countries of the organization, which represent about 30 percent of the size of the global economy, 26 percent of the world’s area and 43 percent of the world’s population, as well as produce more than a third of the world’s grain production. Member states established th

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Egypt joins new bank of BRICS bloc ...Egypt

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