UAE reveals BRICS bank-related plans ...News

The Gulf country is looking to inject more capital into the New Development Bank, the economy ministry says The United Arab Emirates is looking to its BRICS membership as an opportunity to develop trade and plans to commit more capital to the group’s New Development Bank (NDB), Economy Minister Abdulla bin Touq Al Marri told Bloomberg on Monday. Abu Dhabi joined the NDB two years ago and is now among the six new members approved to join the BRICS community last week. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will become full-fledged members of the BRICS group of major emerging na

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