AGAIN LIKE IT

Last updated: June 17, 2025, 17:58  |  Written by: Cathie Wood

Again Like It
Again Like It

Saudi Arabia

Saudi Arabia, the oil-rich Middle Eastern nation, has officially submitted its application to join the BRICS alliance, according to a report by Bloomberg. Th

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Saudi Arabia Has Held Off

By exploring closer ties with the BRICS nations, Saudi Arabia could be seeking to reduce its dependence on any single global power, including the United States.

Saudi Arabia joining the BRICS bloc poses a challenge to the dollar's domination of global trade, according to ING. Though only in the long term.

Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two sources said, finessing an issue that could upset

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Cathie Wood can be reached at [email protected].

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