INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Saudi Arabia not part of BRICS yet, still considering invite: Report

The Crown Prince has directed the implementation of the project to strengthen historic Jeddah buildings.
  • South Africa's Foreign Minister Naledi Pandor's recently asserted the kingdom's membership, but a Saudi official told Reuters the Kingdom has not yet responded to the invitation.
  • BRICS had extended membership offers to Saudi Arabia, United Arab Emirates, Egypt, Iran, Argentina, and Ethiopia last August.

Riyadh, Saudi Arabia — Saudi Arabia remains undecided on accepting the BRICS bloc’s invitation to join, despite initial claims of its accession.

South Africa’s Foreign Minister Naledi Pandor’s recently asserted the kingdom’s membership, but a Saudi official told Reuters that the Kingdom has not yet responded to the invitation to join BRICS but “it is still under consideration”.

BRICS, currently comprising Brazil, Russia, India, China, and South Africa, extended membership offers to Saudi Arabia, United Arab Emirates, Egypt, Iran, Argentina, and Ethiopia last August. Argentina previously declined the invitation in November.

Inclusion in BRICS would enhance the bloc’s economic influence and align with its proclaimed ambition to represent the Global South, potentially reshaping the international order it deems antiquated.

Earlier this month, Saudi Arabia’s Economy Minister, Faisal Alibrahim, acknowledged ongoing deliberations on the matter. The kingdom seems to be cautiously navigating complex geopolitical situations involving the United States, China, and Russia, media reports said.

While fellow Gulf Cooperation Council member, the United Arab Emirates, has confirmed joining the bloc, Saudi Arabia continues its careful evaluation amidst shifting global dynamics, the reports said.