Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults
Informed sources to Al Mayadeen: A new chapter in relations between Iran and the International Atomic Energy Agency will begin within the framework of the new law passed by Parliament

Egypt applied to join BRICS: Russian envoy

  • By Al Mayadeen English
  • Source: Agencies
  • 14 Jun 2023 15:31
3 Min Read

Egypt wants to join BRICS as the bloc grows bigger and expands to include more and more countries from all over the world.

  • x
  • Vehicles pass in front of the Central Bank of Egypt, in Cairo, Egypt, September 8, 2022 (AP)
    Vehicles pass in front of the Central Bank of Egypt, in Cairo, Egypt, September 8, 2022 (AP)

Russia’s ambassador to Egypt said Wednesday that Cairo applied to join BRICS, the bloc comprising Brazil, Russia, India, China, and South Africa.

"Egypt has applied to join the BRICS group because one of the initiatives that BRICS is currently engaged in is the maximum transfer of trade to alternative currencies, whether national or the creation of some kind of joint currency," Russian Ambassador Georgy Borisenko said.

"Egypt is very interested in this," the Russian diplomat underlined as the bloc heads toward further expansion.

Egypt expressed its desire to develop trade and economic cooperation with Russia, the top diplomat said. There is a process of building "new mechanisms for mutual settlements in these trade operations."

Egypt has participated in expanded talks within the bloc referred to as "friends of BRICS," which also comprises Argentina, Bangladesh, Gabon, the Democratic Republic of Congo, Indonesia, Iran, Kazakhstan, Comoros, Cuba, the UAE, and Saudi Arabia.

The Egyptian official gazette had previously reported that President Abdel Fattah El-Sisi ratified the agreement to establish the New Development Bank affiliated with the BRICS bloc, and Egypt's accession document to the bank.

This comes after Argentina's Bank President Dilma Rousseff said her country could join the BRICS' New Development Bank (NDB) as early as August.

Related News

ASEAN ministers warn of tariff fallout as Trump reimposes trade duties

Trump expands tariff threats on multiple states as deadline draws near

Rousseff relayed to Argentine Economy Minister Sergio Massa that a vote on Argentina's admission was formally authorized by the NDB's board of directors. 

The NDB was established in 2014 at the group's annual summit, and it aims to boost resources for infrastructure and sustainable development projects in BRICS and developing countries through loans, guarantees, and other financial tools. 

 BRICS countries are de-dollarizing trade, as China and Brazil struck last week a deal to ditch the US dollar in their bilateral transactions, which is expected to reduce investment costs and develop economic ties between the two countries.

Read more: BRICS to establish a 'geological platform'

Put forward by Brazil, the proposal is due to be discussed at the upcoming meeting of the board of directors set to take place at the beginning of August in South Africa. 

After assuming the rotating BRICS presidency in January, South Africa will host the 15th BRICS summit from August 22 to 24. 

It was reported earlier this week that South Africa would provide foreign officials attending the BRICS summit hosted by the country in August with diplomatic immunity. 

Moreover, the foreign ministers of BRICS' founding member states said the bloc was open to new members in light of their aspirations for a greater say in international affairs.

"Our gathering must send out a strong message that the world is multipolar, that it is rebalancing and that old ways cannot address new situations," India's Foreign Minister Subrahmanyam Jaishankar said during the opening remarks of the meeting in Capetown.

  • BRICS
  • Egypt
  • Russia
  • Cairo
  • BRICS bank

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS