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UAE's BRICS Delegation Traces to a 2021 Development-Bank

UAE's BRICS Delegation Traces to a 2021 Development-Bank

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed leads the UAE to the 18th BRICS Summit in New Delhi on an institutional footing set in September 2021, when the UAE was admitted to the bloc's New Development Bank - more than two years before Abu Dhabi's January 2024 full BRICS membership.

The UAE enters BRICS's 18th Summit in New Delhi (Sept. 14-15, 2026) as a full member since January 2024, led by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed. That standing traces to UAE's September 2021 admission to the bloc's New Development Bank, per NDB and The National - a financing-channel relationship, not a new deal.

The Gulf Tape Desk · 3 min read

BRICS opens its 18th summit in New Delhi on September 14-15, 2026, under the theme 'Building for Resilience, Innovation, Cooperation and Sustainability' - India's fourth time hosting the bloc, per Economy Middle East. The UAE, a full BRICS member since January 1, 2024, is represented by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed, per The National (Sept. 10, 2026). The delegation's presence rests on an institutional relationship - the UAE's New Development Bank membership - that predates full bloc membership by more than two years.

A membership dated to 2021, not to this summit

NDB announced the UAE's admission as a new member on September 2, 2021, alongside Uruguay and Bangladesh, per the bank's own press release. The National reports the UAE completed its accession weeks later, in October 2021. The UAE's full BRICS bloc membership followed on January 1, 2024 - meaning Sheikh Khaled bin Mohamed's delegation to New Delhi reflects an existing, multi-year institutional footing, not a new agreement announced at this summit.

What UAE officials are saying

UAE officials describe BRICS as a coordination venue rather than a financing pledge with attached figures. Mohamed Al Hussaini, UAE Minister of State for Financial Affairs, called BRICS 'a vital platform for strengthening international economic co-operation,' per The National (Sept. 10, 2026). The outlet reported the delegation's agenda spans financial cooperation, energy transition, digital transformation and labor mobility - four broad tracks with no disclosed dollar figures, deal announcements or index-level detail as of this report.

Why it belongs in institutional flows, not a trade call

For Gulf-market watchers, the relevant fact is the diversification of institutional financing channels available to Abu Dhabi entities through the New Development Bank, alongside existing Western and Asian multilateral relationships. No Tadawul, DFM or ADX figure is tied to this summit in the sourced reporting, and no new NDB financing action is confirmed. This is not investment advice, and readers should not treat BRICS diplomatic engagement as a signal for any listed security.

What to watch next

Watch the September 14-15 sessions in New Delhi for any NDB financing announcement, dirham-denominated instrument disclosure, or bilateral communique naming the UAE. Absent a primary disclosure carrying specific figures, any Gulf capital-markets read-through beyond the confirmed diplomatic and institutional facts above remains unconfirmed and should be sourced before it is reported as market-moving.

Is the UAE a full BRICS member?
Yes - the UAE has been a full BRICS member since January 1, 2024, per The National (Sept. 10, 2026). Its institutional tie to the bloc predates that: the New Development Bank announced the UAE's admission on September 2, 2021.
When did the UAE join the New Development Bank, and who is leading its delegation to the 18th Summit?
NDB announced the UAE's admission on September 2, 2021, per NDB's own press release. Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed leads the UAE delegation to the 18th BRICS Summit in New Delhi on September 14-15, 2026, per The National.
Does the summit signal a new NDB financing deal or a Gulf market move?
No - sourced reporting shows no new NDB financing action, dollar figure or agreement tied to the September 14-15 sessions, and no Tadawul, DFM or ADX figure is tied to the summit; this is not investment advice.
  1. BRICS pushes for greater Global South role in global governance at 18th Summit in India — Economy Middle East
  2. Sheikh Khaled to lead UAE delegation at Brics summit in New Delhi — The National
  3. NDB admits UAE as new member — New Development Bank