- Sputnik Africa, 1920
2023 BRICS Summit in Johannesburg
The 15th BRICS summit will take place from August 22-24 in Johannesburg, South Africa, which assumed the rotating BRICS presidency in January 2023.

UAE to Boost Capital Infusion Into BRICS Bank: Economy Minister

CC BY-SA 4.0 / Bb3015 / New Development Bank's logo in the HQ of the bank in Shanghai.
New Development Bank's logo in the HQ of the bank in Shanghai. - Sputnik Africa, 1920, 28.08.2023
MOSCOW (Sputnik) - The United Arab Emirates is going to increase its capital infusion into BRICS' New Development Bank, UAE Economy Minister Abdulla bin Touq Al Marri said.
"We are actually going to push more," Al Marri said in an interview with an American news agency published on Monday, when asked about the prospects for cooperation with the bank. He did not specify the exact amount of infusions.
The minister also said that the country's accession to BRICS and its deepening cooperation with its bank will not affect Abu Dhabi's ties with Western countries.
"We want peace and prosperity and with that comes the economy and comes trade," Al Marri said.
The Shanghai-based New Development Bank (NBD), was established in 2014 by Brazil, Russia, India, China, and South Africa and was later joined by Bangladesh, the United Arab Emirates and Egypt. Uruguay is currently in the process of joining the NDB. The bank's goal is to mobilize resources for infrastructure and sustainable development projects in emerging markets and developing countries.
President of the BRICS New Development Bank Dilma Rousseff speaks at the plenary session of the 2nd Russia-Africa Summit and Forum at the Expoforum Convention and Exhibition Center. - Sputnik Africa, 1920, 22.08.2023
2023 BRICS Summit in Johannesburg
BRICS New Development Bank Becomes Important Lender for Emerging Markets: President
BRICS — the group uniting the world's largest developing economies, namely Brazil, Russia, India, China and South Africa — held its annual top-level summit in South Africa's capital, Johannesburg, from August 22-24.
On Thursday, Argentina, the United Arab Emirates, Saudi Arabia, Iran, Ethiopia and Egypt were invited to join the group. Their membership will take effect on January 1, 2024.