Explanation

• Five new countries Saudi Arabia, Iran, Ethiopia, Egypt and the United Arab Emirates will formally become members on of BRICS on Jan 1, 2024.
• BRICS founded: June 2009
  
• BRICS total members: 10
  
• Latest BRICS member: South Africa (2010)
• BRICS headquarters: Shanghai, China
• BRICS first conference hosted by: Russia (2009) 
• Chairmanship of BRICS for 2021 was: India
  
• Chairmanship of BRICS for 2022 is: China