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United Arab Emirates

April 29, 2026

Abu Dhabi 1:17 pm

41°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

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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

A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. - Saudi Arabia said on September 17 its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half. The strikes on Abqaiq - the world's largest oil processing facility - and the Khurais oil field in eastern Saudi Arabia roiled energy markets and revived fears of a conflict in the tinderbox Gulf region. (Photo by Fay

Middle East poised for breakthrough in European energy markets

Gerald Kepes

In Washington, DC, reporting on regional energy trends

An aerial view of Khalifa Port is seen in Abu Dhabi April 10, 2014. State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said. Khalifa Port, built on a man-made island roughly half-way between Abu Dhabi and Dubai, came on stream in 2012 after Zayed Port, which had been serving Abu Dhabi for over 40 years, reached full capacity. Picture tak

Middle East container ports expand growth, investment opportunities

Afshin Molavi

UAE Ministry of Health & Prevention.

UAE announces first case of monkeypox

The Emirates is the second country in the Middle East to report a case of the virus, after Israel. There have been no deaths associated with the recent worldwide outbreak.

United Arab Emirates

KARIM SAHIB/AFP via Getty Images

Abu Dhabi National Oil Company announces IPO price for Borouge

The joint venture between ADNOC and the Austrian energy company Borealis will soon be listed on the Abu Dhabi stock exchange.

United Arab Emirates

ADNOC headquarters (Abu Dhabi National Oil Company) office complex (C).

Affiliate of Abu Dhabi oil company to list on stock exchange

Borouge is ADNOC’s joint venture with Austrian petrochemical firm Borealis AG.

United Arab Emirates

US Vice President Kamala Harris speaks to reporters while departing the Senate Chamber at the US Capitol in Washington, DC, on May 11, 2022.

Harris stresses US-Emirati partnership after MBZ meeting

The visit by Vice President Kamala Harris and other US officials come as relations between Washington and Abu Dhabi hit a rough patch.

United Arab Emirates

A general view of the city skyline at sunset from Dhow Harbour on Feb. 5, 2015 in Abu Dhabi, United Arab Emirates.

More fintech startups come to Abu Dhabi

The UAE wants to attract more entrepreneurs and startups to the country.

United Arab Emirates

Dubai airport

Dubai airport’s passenger traffic reaches pre-pandemic levels

Air travel in the UAE has returned to normal after the industry suffered major losses due to virus-related travel restrictions.

United Arab Emirates

n Emirati man follows the market's movement at the Dubai Financial Market.

UAE meets $400 million target in first bond auction

The Emirati government decided to sell bonds in dirhams to boost the local banking sector and diversify financially.

United Arab Emirates

KARIM SAHIB/AFP via Getty Images

Passenger traffic at Abu Dhabi airports triples, aided by travel from India

The quarterly results from airports in Abu Dhabi indicate that the air travel industry in the United Arab Emirates has recovered from the COVID-19 pandemic.

United Arab Emirates

Visitors look at screens displaying images of the Mohammed bin Rashid Al-Maktoum Solar Park on March 20, 2017.

Abu Dhabi’s Mubadala to develop electric car charging stations with France’s ENGIE

The UAE is in the early stages of a transition from oil and gas to cleaner energy sources.

United Arab Emirates

Prime Minister Kyriakos Mitsotakis (L) and Heir to the Throne of Abu Dhabi Mohammed bin Zayed Al Nahyan, May 9, 2022.

UAE, Greece sign $4.2 billion agreement

The UAE and Greece have become close allies in recent years.

United Arab Emirates