Iran and Saudi Arabia among six nations set to join Brics economic bloc

South African President Cyril Ramaphosa speaks during a plenary session of the 2023 Brics Summit, in Johannesburg, South Africa (Alet Pretorius/Pool Photo via AP)

Iran and Saudi Arabia are among six nations invited to join the Brics bloc of developing economies.

The United Arab Emirates, Argentina, Egypt and Ethiopia are also set to join the bloc from 2024.