Saudi Arabia’s cabinet approved a decision to join the Shanghai Cooperation Organization (SCO), cementing the increasingly close ties between the Middle East oil producer and China. The move is also another brick in the emerging closer ties between what can be called the BRICS bloc of leading emerging markets Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.