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.
Tagged with:
Iran, Saudi Arabia, United Arab Emirates (UAE)
Related topics:
Saudi Arabia: A kingdom made in MBS's image, UAE: Abdullah Bin Zayed Al-Nahyan
Extra Large Article
£595
(Access to one GSN article)
Subscribe to Gulf States Newsletter