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United Arab Emirates

April 29, 2026

Abu Dhabi 12:36 am

31°C

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Analysis

UAE’s OPEC exit rattles cartel as Gulf alliances shift

OPEC's fourth-largest producer will leave the cartel on May 1, marking the most significant departure in the group’s history as the war changes Abu Dhabi's relationship priorities.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

MUMEN KHATIB/AFP via Getty Images

Why UAE's decision to leave OPEC is major shift for cartel

The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil.

United Arab Emirates

Yuichi YAMAZAKI / AFP via Getty Images

First LNG tanker transits Strait of Hormuz since Iran war began

Latest News

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Last Updated: April 28, 2026, 8:54 am

UAE to leave OPEC on May 1

Thomas Kronsteiner/Getty Images)

United Arab Emirates

UAE’s cash request tests US ties as Iran war strains Gulf financial muscle

A view of Dubai Marina in Dubai on March 3, 2026.

United Arab Emirates

IEA delivers grim gas supply forecast as oil notches 15% weekly rise

A liquefied natural gas (LNG) tanker is moored at a LNG berth in Kawasaki, Kanagawa, prefecture April 8, 2026.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

United Arab Emirates President Sheikh Mohamed bin Zayed Al-Nahyan arrives at the Elysee Palace for a working lunch with France's President, in Paris, on July 18, 2022. - Emmanuel Macron welcomes the United Arab Emirates President Sheikh Mohamed bin Zayed Al-Nahyan, nicknamed MBZ, at the Elysee Palace on July 18, 2022, whose state visit "will confirm the strong ties" between France and the rich Gulf oil country, the Elysee Palace announced on July 14, 2022. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MA

Iran president Raisi invites UAE's MBZ to visit Tehran

The invite was extended on the same day that Iran conducted a naval drill on Abu Musa Island, which is disputed with the UAE.

United Arab Emirates

A picture taken on Oct. 23, 2018, shows Lubna Olayan, CEO and Deputy Chairperson of Olayan Financing.

Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking

Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third.

ADRIAN DENNIS/AFP via Getty Images

Gulf investment in UK property expected to reach $3.2 B in 2024

Middle Eastern investors are capitalising on lower property valuations and those investors are likely to refinance when interest rates start falling, the Islamic bank said.

KAZUHIRO NOGI/AFP via Getty Images

Japan’s Nomura subsidiary receives crypto license in UAE

The crypto sector is booming in the United Arab Emirates thanks to clear regulations on virtual assets.

A bag of rice is unloaded from a truck at an Indian grains depot near New Delhi on August 27, 2013, one day after the Indian parliament passed a flagship 18-billion-dollar programme to provide subsidised food to the poor that is intended to "wipe out" endemic hunger and malnutrition in the aspiring superpower. Despite decades of fast economic growth, India still struggles to feed its 1.2-billion population adequately with more than 40 percent of children under five malnourished, according to a major survey

Analysis

UAE rice ban after major exporter India spikes global supply fears

The UAE was the world's 16th-largest importer of rice in 2021 and the majority of it came from India.

By Salim A. Essaid

People look at a Turkish attack helicopter "T129 ATAK" on May 9, 2017 during the opening day of the 13th International Defense Industry Fair (IDEF) in Istanbul. / AFP PHOTO / YASIN AKGUL (Photo credit should read YASIN AKGUL/AFP via Getty Images)

China, UAE overtake US companies at Turkey’s IDEF 23 weapons fair

During the 15th edition of the IDEF in 2021, the global fair saw more than a thousand companies from 53 countries attend and had more than 94 signing ceremonies take place.

A physical imitation of the Bitcoin cryptocurrency is seen, Paris, France, April 26, 2021.

Bahraini cryptocurrency firm Rain to operate in UAE

Cryptocurrency is growing in both the UAE and Bahrain amid regulatory challenges and market downturn.

UAE President Sheikh Mohammed bin Zayed receives Qatar’s Emir Sheikh Tamim bin Hamad Al Thani in Abu Dhabi.

Who is Sultan Al Mansouri, Qatar’s first UAE ambassador in 6 years?

A career diplomat who previously served as Qatar’s ambassador to Austria in 2019 and as the ambassador to China in 2014, Mansouri brings a negotiating and economic skillset to the position.

Ursula von der Leyen

EU commission sees Tunisia's migration deal as 'blueprint' for region

On July 16, the bloc agreed to spend 100 million euros on Tunisia to combat human trafficking and illegal crossings of the Mediterranean Sea.

NEW YORK, NEW YORK - AUGUST 10: A Chipotle store signage is seen on August 10, 2022 in New York City. NYC Mayor Eric Adams announced on Tuesday that Chipotle Mexican Grill announced that they will be paying $20 million dollars to current and former workers in their NYC restaurants for violating city labor laws. The settlement will cover about 13,000 employees who worked at the chain's NYC stores between 2017 and this year. (Photo by Michael M. Santiago/Getty Images)

Popular Mexican food chain Chipotle coming to UAE, Kuwait

The fast-food giant that specializes in Mexican food is one of the biggest in the United States.

UAE passport.

UAE passport ranks among world's 'most powerful,' Iraq, Syria at bottom of list

The 2023 Henley Passport Index features the world’s most powerful passports based on the number of destinations passport holders can access visa-free.

United Arab Emirates

UAE President Mohamed bin Zayed Al Nahyan (R) greeting Turkey's President Recep Tayyip Erdogan

Turkey, UAE ink $50 billion in trade deals during Erdogan visit

The $50 billion worth trade deals come as the Turkish government is struggling to draw foreign funds to ease its currency crisis.

United Arab Emirates