BRICS set to invite Saudi Arabia to join — Bloomberg News

Major emerging market nations are preparing to invite Saudi Arabia to join BRICS, Bloomberg News reported on Thursday, citing people familiar with the talks.

Leaders from Brazil, Russia, India, China and South Africa (BRICS) have agreed to expand their group, which would be the first expansion since 2010, the report said.

Egypt is another nation being invited to join, along with others in the Middle East, the report added.