Delhi beefs up security for BRICS Summit

The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed, will preside over the UAE's delegation at the 18th BRICS Summit in New Delhi this weekend. The two-day conference will focus on financial cooperation, energy transition, and reinforcing ties with emerging economies to promote a more integrated global economic system. This participation highlights the UAE's dedication to fostering multilateral financial and economic collaboration and addressing critical matters affecting developing nations.

Prior to the summit, a UAE delegation attended the second meeting of BRICS Finance Ministers and Central Bank Governors in Mumbai. Mohamed Al Hussaini, Minister of State for Financial Affairs, emphasized the summit's importance as a platform to strengthen international economic cooperation and coordinate positions on financial and economic issues of shared concern, particularly amidst the challenges faced by emerging and developing economies.

He stressed the need to maintain this cooperation to support a more inclusive and balanced global economic and financial system.

The UAE has welcomed the establishment of the BRICS Task Force on Growth and Development this year and stressed the necessity of advancing its work, especially in digital transformation, innovation, growth-oriented reforms, labor mobility, and developing future skills and talent. As a member of BRICS, the UAE backs initiatives that create adaptable and efficient financing solutions and bolster economic and development partnerships to respond to global economic shifts.

The UAE joined the New Development Bank (NDB) in October 2021 and became a full BRICS member in January 2024, as part of its strategy to broaden international economic partnerships and bolster its role in multilateral cooperation.