---
title: 🚨BRICS DOUBLES OVERNIGHT Yesterday, the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially members of BRICS.
description: "They join Brazil, Russia, India, China, and South Africa as a formidable economic powerhouse, representing 29% of global GDP and 43% of global oil production.\nAlthough tensions exist between member states such as China and India, BRICS is a growing challenge to the G7.\nPresident Xi: “I wish to extend a warm welcome to leaders of new BRICS members.”\n\nSource: IMF, Reuters, China Daily, Mario Nawfal"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [🚨BRICS DOUBLES OVERNIGHT Yesterday, the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially members of BRICS.](https://blog.syzgroup.com/syz-the-moment/going-all-in-on-us-long-term-bonds-for-2024-📈-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0)

 Written by [Gaël Fichan](https://blog.syzgroup.com/syz-the-moment/author/gaël-fichan) | Jan 4, 2024, 8:31:45 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/going-all-in-on-us-long-term-bonds-for-2024-📈-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0)

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