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. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: Gulf With OPEC exit, is UAE breaking with Gulf oil consensus? Abu Dhabi’s decision to leave OPEC and OPEC+ marks the biggest shift in Gulf energy politics in years — and could reshape regional coordination after the Iran war. By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
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
Newsletter: City Pulse Dubai UAE arts scene balances resilience with renewal By Rebecca Anne Proctor In Dubai, reporting on culture
Analysis On Gulf tour, Japan's PM secures energy ties as China’s influence grows Prime Minister Fumio Kishida’s three-day trip that began Sunday to Saudi Arabia, the United Arab Emirates and Qatar — its key energy suppliers — is seen as a crucial move to secure Japan’s energy future. By Salim A. Essaid
Work on Israel-Saudi land bridge has begun, Israeli Foreign Ministry confirms The project will facilitate the transfer of goods in trucks intially between the UAE, Israel, Jordan and Saudi Arabia. Israel
Japan’s PM visits UAE after Saudi Arabia, talks green energy, supply sources Japan is trying to move away from fossil fuels toward greener energy, which it plans to promote in the region during Prime Minister Fumio Kishida’s visit to the Gulf this week. Saudi Arabia
UAE suspends Emirates Gold over money laundering allegations The London Bullion Market Association, which regulates the United Kingdom capital’s metals market, suspended Emirates Gold DMCC’s affiliate membership after conducting a review. United Arab Emirates
UAE, after Kuwait, releases Iranian prisoners The moves come as Iran works to restore its ties with Gulf countries following years of estrangement and tension. United Arab Emirates
UAE becomes observer in Asian money laundering group The move follows the UAE being added to a financial watchdog’s list of countries with deficiencies in countering money laundering. Legacy: Gulf
Pakistan thanks 'brotherly' Saudis for $2 billion ahead of IMF bailout decision Pakistan received Saudi Arabia's $2 billion deposit a day before the International Monetary Fund is expected to approve a $3 billion bailout on Wednesday that the country desperately needs. Saudi Arabia
Dubai crypto authority suspends BitOasis The cryptocurrency platform BitOasis' license was suspended by Dubai's VARA due to noncompliance of licensing requirements. United Arab Emirates
UAE sees higher Chinese car sales as China faces decline at home China relied on overseas markets to maintain 56% of its vehicle sales in June, and the Middle East is a hot spot. United Arab Emirates
Arab users flock to Meta's Threads as it takes on Twitter Threads has seen a variety of new users from the Middle East since its launch Wednesday including influencers and even heads of state. Legacy: Gulf
UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, according to a UNCTAD report released Wednesday. United Arab Emirates
UAE COP28 president calls on oil firms to 'deliver climate action' Sultan Ahmed Al Jaber gave a televised address to delegates at the OPEC International Seminar in Vienna, a meeting of oil executives and OPEC ministers. United Arab Emirates