Iran, Saudi Arabia and UAE cosy up to China in 'turbo-charged' but still ill-defined Brics

In depth
Issue 1175 - 01 Sep 2023 | 11 minute read

It is not yet the dawn of a new world order, but the formal invitation for Iran, Saudi Arabia and the UAE to join the Brics group is a further sign of China’s growing influence and of wider shifting global alignments. A turbocharged Brics could boost the trend towards 'dedollarising' international trade, as Gulf states and other 'middle powers' seek to find a balance between the world's established and emerging powers. 

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