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Absolutely astonishing that Iran and Saudi Arabia would be admitted side-by-side. Geopolitical arch-rivals joining the same economic bloc like this might signal a watershed moment for multipolarity.
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Absolutely astonishing that Iran and Saudi Arabia would be admitted side-by-side. Geopolitical arch-rivals joining the same economic bloc like this might signal a watershed moment for multipolarity.
Maybe the bloc can be a mediator for the Nile damn conflict, since it's a big economic issue for both.
That's what immediately sprung to mind for me as well. If they could come to a compromise about the hydro reservoir filling speed, that'd be a huge increase in stability for the whole area.
Most likely the New Development Bank will give loans to Ethiopia to fill up the damn slowly.
Egypt doesn't have to worry about the river running low, and Ethiopia can balance the lost gains from filling up the damn quickly with cheap cash from BRICS.