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United Arab Emirates

April 29, 2026

Abu Dhabi 2:06 pm

40°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

Breaking

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

An Etihad airplane model is displayed at the Arabian Travel Market Exhibition.

Etihad tests out environmentally friendly flights

The airline said that sustainable aviation fuel will be needed to make planes pollute significantly less, but the technology is not ready for mass use.

United Arab Emirates

GIUSEPPE CACACE/AFP via Getty Images

Explainer: Oman may follow as most Gulf central banks raise rates

Inflation in the Gulf has not been as severe as in other parts of the region.

Justin Sullivan/Getty Images

Breaking | Last Updated: May 6, 2022, 10:28 am

Qatar's sovereign wealth fund, Dubai's Vy Capital help Elon Musk buy Twitter

Musk's takeover of Twitter has several implications for the Middle East, particularly Saudi Arabia and Turkey.

General view of the Emirates' Central Bank, Dubai, United Arab Emirates, Jan. 3, 2017.

UAE announces date for auction of dirham bonds

The Emirati government began selling bonds for the first time last year in a bid to diversify financially. This is the first time bonds will be sold in the local currency, as opposed to the US dollar.

United Arab Emirates

A view of a French jeweller Cartier shop at Jumeirah mall, Abu Dhabi, United Arab Emirates, Nov. 8, 2017.

Abu Dhabi removes COVID-19-related capacity restrictions, masks remain

The United Arab Emirates’ largest city also recently mandated the resumption of in-person classes for students, and is heading toward a return to the pre-coronavirus normal.

United Arab Emirates

Crypto hacking event returns to Dubai

The UAE is emerging as a regional hub for cryptocurrency activities.

United Arab Emirates

Kashmir

Explainer: UAE business delegation visits Kashmir, meets Indian PM

The UAE and India have a strong economic relationship. The Kashmir visit could affect UAE-Pakistan ties.

United Arab Emirates

Swvl transportation.

Dubai-based transportation startup Swvl acquires Turkey’s Volt Lines

Swvl has recently bought other firms in Europe and Latin America and has received funds to help advance the transportation safety of women in Egypt.

United Arab Emirates

Marco Bello/Getty Images

UAE crypto push continues as Kraken invades Abu Dhabi

Two other cryptocurrency exchanges have also announced moves to Dubai recently.

United Arab Emirates

Korea UAE

Abu Dhabi, South Korea pledge to boost economic relations

South Korean entities have signed major deals with Egypt and Saudi Arabia recently.

United Arab Emirates

LOIC VENANCE/AFP via Getty Images

UAE-India economic agreement to lower tariffs, duties in bid to boost trade

India is one of the UAE’s largest trading partners, with oil, jewelry and textiles forming a bulk of the trade.

United Arab Emirates

Morocco solar

Emirati firm to build solar power plants in Morocco

Morocco is heavily dependent on imports for its energy needs, and is working to increase its use of renewable sources.