Egypt has become a permanent member of BRICS, a group of major emerging economies that includes Brazil, Russia, India, China, and South Africa. Egypt will officially join the bloc on 1 January 2024, along with Saudi Arabia, Iran, UAE, Ethiopia and Argentina. The Egyptian cabinet approved on Wednesday the establishment of a BRICS unit in the cabinet, which will deal with cooperation issues with the BRICS bloc. The unit will consist of relevant ministers and officials who will work on enhancing Egypt’s relations with the other members of the group. The summit also welcomed the new members who will join the bloc in 2024.
