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 <p>In the latest update, eight new Arab countries have formally submitted their applications to join the BRICS alliance. The number of countries that are expressing interest in joining the BRICS alliance is growing each day. Around 45 countries have already expressed their desire to be a part of the bloc.</p> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> Creating a New Currency to Replace the U.S. Dollar Is Laughable</strong></p> 
 <p>The developing countries are looking to ditch the U.S. dollar for global trade and use their native currencies instead. The move will strengthen their local economies, giving day-to-day businesses like imports and exports a big boost. In the latest update, eight new Arab countries have formally submitted their applications to join the BRICS alliance.</p> 
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 <h2 class="wp-block-heading" id="h-brics-8-arab-countries-ready-to-join-brics">BRICS: 8 Arab Countries Ready to Join BRICS</h2> 
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  <img decoding="async" width="768" height="432" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="BRICS MBS Saudi Arabia Middle East" class="wp-image-89616 ewww_webp" sizes="(max-width: 768px) 100vw, 768px" data-src-img="https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp.webp 550w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 768w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 300w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 380w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 550w" data-eio="j"> 
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   <img decoding="async" width="768" height="432" src="https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp" alt="BRICS MBS Saudi Arabia Middle East" class="wp-image-89616" srcset="https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 768w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 300w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 380w, https://cdn.thebittimes.com/images/2023/08/16/a5ffa8ba4f27faa54ddd67503dbfa915.webp 550w" sizes="(max-width: 768px) 100vw, 768px"> 
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    Source: pakistantoday.com.pk 
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 <p>South Africa’s Foreign Minister Naledi Pandor confirmed that 23 countries have officially applied to join BRICS. Among them, eight Arab countries are on the list that have expressed interest to enter the BRICS alliance.</p> 
 <p><strong>Also Read: BRICS Bank That Wants to Ditch the U.S. Dollar Needs the U.S. Dollar</strong></p> 
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 <p>The eight Arab countries that want to join <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> are Algeria, Bahrain, Egypt, Kuwait, Morocco, Palestine, <a rel="noopener noreferrer nofollow" title="Saudi Arabia" href="https://thebittimes.com/tag/saudi-arabia.html">Saudi Arabia</a>, and the United Arab Emirates (UAE). The majority of these countries are oil-producing nations that send millions of barrels worldwide.</p> 
 <p>If Arab nations join <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>, the chances of them accepting oil in native currencies are high. The move could add strain on the U.S. dollar sending it on a path of decline. Read here to know the U.S. sectors to be impacted if Arab countries join <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>.</p> 
 <p><strong>Also Read: BRICS: U.S. Dollar Dominance May Be Coming to an End</strong></p> 
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  <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp" alt="" class="wp-image-107088" srcset="https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 1024w, https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 300w, https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 768w, https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 380w, https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 550w, https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 800w, https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 1160w, https://cdn.thebittimes.com/images/2023/08/16/9d2051902e6d34500a60da5bb37e4957.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: Zhang Yudong/XINHUA/Xinhua via AFP 
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 <p>Moreover, the remaining countries that have applied to join BRICS are Bangladesh, Iran, Kazakhstan, Nigeria, Senegal, Ethiopia, Belarus, Bolivia, Argentina, Venezuela, Vietnam, Cuba, Honduras, Indonesia, and Thailand.</p> 
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 <p><a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is an acronym for Brazil, Russia, India, China, and South Africa. The next <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> summit will be held on August 22 to 24 in Johannesburg, South Africa. Also, the head of 69 countries has been invited to attend the summit by South African President Cyril Ramaphosa.</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>BRICS</li> 
  <li>Saudi Arabia</li> 
 </ul> 
</div>

8 Arab Countries Request To Join BRICS Alliance

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