Middle East Countries Look To Join BRICS Alliance
BRICS is receiving formal applications from several countries around the world showing interest in joining the alliance. A handful of nations from the Middle East are looking to enter BRICS and trade in the new and yet-to-be-decided currency. The shift comes after the bloc of five nations collectively decided to trade in their native currency and sideline the U.S. dollar. Countries in the Middle East are ready to drop the dollar from international trade settlements and push the new tender globally. Also Read: Egypt Looking To Join BRICS & Accept the New Global Currency The Middle Eastern nations that are ready to join the BRICS alliance are Saudi Arabia, the United Arab Emirates, Bahrain, Egypt, and Algeria. Iran is also trying to enter the bloc as the nation is plagued with sanctions pressed by the U.S. The countries are rich in oil and send millions of barrels to the U.S. and across the globe every day. If the Middle Eastern nations join BRICS , they could dismi...