* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Saudi Arabia BRICS Membership: Balancing Benefits and Risks, By Zekeri Idakwo

March 19, 2024
in Business
Saudi Arabia BRICS Membership: Balancing Benefits and Risks, By Zekeri Idakwo
Share on FacebookShare on Twitter

Saudi Arabia MapSaudi Arabia Map

FIRS

Saudi Arabia BRICS Membership: Balancing Benefits and Risks

By Zekeri Idakwo

In January 2024, the Kingdom of Saudi Arabia officially announced its membership of BRICS, an international economic bloc that includes Brazil, Russia, India, China and South Africa.

The BRICs intergovernmental organisation was founded in 2009 by Brazil, Russia, India, and China. South Africa joined the bloc in 2010. On 1 January, 2024, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates also joined the organisation. The body held its first summit in Yekaterinburg, Russia.

The stated objectives of BRICS include economic cooperation and trade among member countries, the promotion of sustainable development and inclusive growth, and the facilitation of political cooperation and mutual understanding. These goals have guided the organization’s activities and initiatives since its founding.

Similarly, the BRICS alliance is built on the principles of non-interference, equality and mutual benefits. These principles guide the organisation’s approach to economic, territorial, and political disputes. The alliance also focuses on three main pillars: political and security cooperation, economic and financial cooperation, and cultural and people-to-people exchanges.

China, Saudi Arabia’s largest oil customer, has reportedly been a vocal proponent of expanding BRICS as a means of balancing power with Western countries. While the exact details of the potential expansion are still being discussed, China has expressed strong support for Saudi Arabia’s entry into the economic bloc.

Saudi Arabia’s admission into BRICS comes at a time of alleged heightened geopolitical tensions between the United States and China, and China’s growing influence in the Kingdom. With Saudi Arabia’s oil-rich economy and China’s growing economic power, the entrance could significantly change the dynamics of the global economy.

Despite Saudi Arabia’s historical ties to the United States, the Kingdom has been pursuing its own strategic path, driven by concerns that the U.S. is less committed to its security than in the past. As China’s influence in the region grows, Saudi Arabia may seek to diversify its geopolitical partnerships to secure its own interests. This may include closer cooperation with BRICS countries, such as Russia.

Specifically, by joining BRICS, Saudi Arabia would stand to gain several things. First, it would give the country greater access to the growing economies of the BRICS nations. Second, it would help diversify Saudi Arabia’s economy away from oil and gas. Third, it would strengthen the country’s relationship with China, one of the world’s largest economies. And finally, it would give Saudi Arabia a stronger voice on the world stage.

The Kingdom’s foreign minister, Prince Faisal bin Farhan, in August, before the January joining date, said the BRICS group was “a beneficial and important channel” to strengthen economic cooperation.

However, there are a few potential risks associated with Saudi Arabia joining BRICS. First, there is the risk of political and economic instability. Saudi Arabia is a monarchy, and its government has been criticised for its record on civil liberties and human rights. There is also the risk of economic sanctions from the West, as BRICS is seen as a challenge to the current global economic order. Additionally, there is the risk of China’s growing influence in the region, which could potentially threaten Saudi Arabia’s security.

The expansion of BRICs to include Saudi Arabia and other nations marks a significant shift in global power dynamics. The new members bring diverse economies and cultural perspectives to the table, and their inclusion highlights the growing influence of developing nations. This shift will likely have far-reaching implications for global trade, politics, and culture.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2024/03/saudi-arabia-brics-membership/

Tags: ArabiabusinessSaudi
Previous Post

FG, U.S. Firm Collaborate to Outsource 50,000 Jobs in Marketing, Others

Next Post

2024 March Madness bracket: What to know about every team in the Midwest region

Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

June 4, 2025
The Science of Scent: How Israeli Innovation is Redefining Perfume and Wellness – The Jerusalem Post

Unlocking the Power of Scent: How Israeli Innovations are Transforming Perfume and Wellness

June 4, 2025
Accidental discovery at New York planetarium unlocks secret into universe’s inner workings – PBS

Serendipitous Find at New York Planetarium Reveals Secrets of the Universe!

June 4, 2025
Lifestyle choices at 60 linked to dementia risk decades later, study shows – ABC News

How Your Lifestyle Choices at 60 Could Impact Dementia Risk Later in Life

June 4, 2025
GBH layoffs hit 45 staffers less than a month after World cuts – Current – For people in public media

GBH Cuts Deep: 45 Staff Members Laid Off Just Weeks After Major Restructuring

June 4, 2025
Washington state gets a $918M lift from international students – Axios

Washington State Reaps $918 Million Boost from International Students!

June 4, 2025
Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

Will Generative AI Transform the Future of Entertainment

June 4, 2025
In a first, Minnesota doctors walk their own picket line, then hustle to see patients – Star Tribune

Doctors in Minnesota Take a Stand: Walking the Picket Line Before Caring for Patients

June 4, 2025
Mein Kampf found with gun case at USF and FSU shooter idolized Hitler — there’s time, and a need, for lawmakers to act – Florida Politics

Uncovering Dark Ideologies: The Alarming Connection Between Recent Shootings and Extremist Influences

June 4, 2025
The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

June 4, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (665)
  • Economy (679)
  • Entertainment (21,585)
  • General (15,261)
  • Health (9,721)
  • Lifestyle (682)
  • News (22,149)
  • People (680)
  • Politics (688)
  • Science (15,899)
  • Sports (21,183)
  • Technology (15,665)
  • World (666)

Recent News

Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

June 4, 2025
The Science of Scent: How Israeli Innovation is Redefining Perfume and Wellness – The Jerusalem Post

Unlocking the Power of Scent: How Israeli Innovations are Transforming Perfume and Wellness

June 4, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version