Latest News: Qatar real estate trading surpasses $90 million in one weekRegional markets react to geopolitical tensions as oil prices climbOver 21,900 Pakistanis deported from Gulf countries up to March 2026Saudi Arabia signs major battery storage agreements totaling 2,000 MWEsha Oza to lead UAE squad in DP World Women’s Asia Cup 2026Bahrain youth minister visits Year of Isa Al Kabeer exhibition highlighting national heritageOman and Japan emphasize importance of political solution to de-escalate regional tensionsQatar Stock Exchange general index opens lower under pressure from multiple sectorsKuwait Bourse all share index closes lower in Thursday tradingRoyal order transforms charity platform Ehsan into independent non-profit foundationUAE expresses solidarity with Central African Republic over mine collapse victimsQatar’s Minister of State for Foreign Affairs bids farewell to Libyan AmbassadorSaudi Exchange resumes normal trading operations following temporary suspensionBahrain declares official public holiday for Prophet Mohammed’s birthdayOman suspends paragliding activities nationwide following fatal Dhofar accidentKuwait approves citizenship law amendments stripping naturalised citizens of political rightsUAE suspends trade and financial transactions with Iran following missile incidentDubai highlights biodiversity role of Al-Wohoosh Desert ReserveBahrain launches ‘Thirst Quenchers 2026’ heat safety campaign for workersUAE and Kuwait Foreign Ministers review regional developments in phone callQatar Airways launches Formula 1 stopover packages for 2026 Grand PrixSaudi Arabia and Sudan sign document establishing Saudi-Sudanese Coordination CouncilDubai Airports boost operational capacity to handle peak summer return rushQatar and Turkiye defense ministers discuss strengthening military cooperationBahrain port operator reports significant revenue drop amid regional shipping disruptionsOman imposes OMR 3.24 million in fines and deports nearly 3,000 in labour crackdownQatar categorically denies capturing three Iranian pilotsSaudi Foreign Minister receives Yemeni counterpart to discuss bilateral relationsUAE motorists can erase four black points in annual Day Without Accidents campaignKuwait sees decline in kidnapping, rape, and honor-related crimes in first half of 2026Bahrain task force gets new judicial powers to fight tax evasionOil spill threatens 40km stretch of Ras Madrakah coast in OmanQatar’s Prime Minister meets with Prime Minister of Grenada in DohaBorder Guard rescues five citizens after boat breaks down off Yanbu coastUAE expresses solidarity with Poland over bus crash victimsKuwait Cabinet approves comprehensive draft decree regulating drone operationsOman denounces foreign recognition of Israeli sovereignty over Golan HeightsQatar Stock Exchange index opens slightly lower amid sector fluctuationsBahrain High Criminal Court issues 15-year prison sentences in terror casesUmrah program guests praise Kingdom’s hospitality under royal initiativeUAE continues mobile health clinic operations supporting displaced families in GazaArabian Gulf University graduates first cohort of postgraduate medical education programOman expresses solidarity and condolences to Colombia following earthquakeQatar Ministry of Interior warns drivers of heavy fines for nighttime driving without headlightsKuwait Stock Exchange closes lower with All-Share Index dropping 0.46%Seha Virtual Hospital performs 11 consecutive remote robotic surgeries across Saudi ArabiaUAE expands youth empowerment and future readiness programmes ahead of International Youth DayOman and Iran agree on framework for Strait of Hormuz maritime navigationBahrain strongly condemns Houthi terrorist attacks on Saudi Arabia’s Najran regionSaudi Arabia, Turkey and Pakistan sign Mecca joint defence agreementUAE and Russian presidents discuss bilateral cooperation and regional developments in phone callBahrain Ministry of Interior develops digital service for evening construction permitsIran and Oman close in on new Strait of Hormuz maritime traffic regimeGold price in Qatari market rises by 5.40 percent this weekKuwait CMA issues first overseas investment marketing license to Goldman SachsSEVEN Abha entertainment destination opens to support tourism in Aseer RegionUAE, Arab and Islamic nations condemn Israeli violations in GazaBahrain Ministry of Transportation introduces remote technical inspection for maritime vesselsOman mediates 60-day interim agreement to secure Strait of Hormuz shippingQatar Stock Exchange index opens higher as transport and telecom sectors gainKuwait Nazaha expands institutional integrity initiative across 36 government agenciesSaudi foreign minister affirms Jerusalem protection as cornerstone for lasting peaceADNOC Distribution posts record H1 net profit of 568 million dollarsNinth Bahrain-Oman products exhibition opens in SalalahOman Volleyball Association confirms national team readiness for Asian Championship in JapanQatar completes first operational phase of autonomous electric taxi trialsKuwait condemns ongoing Israeli violations against healthcare facilities in GazaSaudi Aramco reports 33.4 billion dollar net income for second quarter of 2026UAE leads international Operation Green Shield targeting Amazon environmental crimeExplosion reported near oil tanker off the coast of Oman, crew safeNCST and Aluminium Bahrain develop AI-powered turbine monitoring systemQatar’s cybersecurity agency warns travelers against sharing boarding passes onlineKuwait issues new anti-commercial concealment law to protect national economyArab Parliament speaker meets Saudi Arabia’s permanent representative to Arab League in CairoUAE Ministry of Finance adopts ‘Aani’ and ‘Jaywan’ platforms for federal paymentsBahrain crown prince holds strategic talks with UK prime minister on defense and tradeBahrain condemns attack on Kuwait facility, stresses unified GCC securityOman continues mediation efforts with Iran over Strait of Hormuz navigation safetySultan Haitham discusses regional de-escalation in call with UK prime ministerQatari prime minister meets outgoing EU ambassador Dr. Cristian Tudor in DohaQatar resumes LNG shipments through Strait of Hormuz as tanker heads to PakistanKuwait confirms one fatality following attack on northern facilitySaudi Arabia condemns attacks targeting Jordan, calls for international actionUAE strongly condemns drone attacks targeting Saudi Arabia’s Eastern ProvinceKuwait Formally Approves Strategic Defense Cooperation Agreement With PakistanQatar Strongly Condemns Attempted Drone Attacks on Saudi Oil FacilitiesBahrain Hosts Joint GCC Military Exercises to Strengthen Collective DefenceSaudi Health Minister Meets Uzbek President to Expand Healthcare CooperationUAE Strongly Condemns Hostile Drone Attack Targeting JordanOman Presents Gulf-Backed Proposal for Joint Management of Strait of HormuzRTA opens temporary staircase at Burj Khalifa/Dubai Mall Metro StationIran’s Revolutionary Guards halt three oil tankers in Strait of HormuzUAE strongly condemns hostile drone attack on JordanUS and Saudi forces strike Iran-backed militias in Iraq following drone attacksUAE introduces revolutionary six-month schizophrenia treatmentUAE’s Wadi Wurayah National Park inscribed on UNESCO World Heritage ListOil prices drop below $88 a barrel as US pauses military strikes on IranUAE investors account for over 50 percent of Sharjah’s real estate trading value in H1 2026Saudi Arabia’s KSrelief expands medical and humanitarian aid in Jordan and AfghanistanIran’s Revolutionary Guards turn back six vessels in Strait of Hormuz
Sun. Aug 23rd, 2026
Latest News: Qatar real estate trading surpasses $90 million in one weekRegional markets react to geopolitical tensions as oil prices climbOver 21,900 Pakistanis deported from Gulf countries up to March 2026Saudi Arabia signs major battery storage agreements totaling 2,000 MWEsha Oza to lead UAE squad in DP World Women’s Asia Cup 2026Bahrain youth minister visits Year of Isa Al Kabeer exhibition highlighting national heritageOman and Japan emphasize importance of political solution to de-escalate regional tensionsQatar Stock Exchange general index opens lower under pressure from multiple sectorsKuwait Bourse all share index closes lower in Thursday tradingRoyal order transforms charity platform Ehsan into independent non-profit foundationUAE expresses solidarity with Central African Republic over mine collapse victimsQatar’s Minister of State for Foreign Affairs bids farewell to Libyan AmbassadorSaudi Exchange resumes normal trading operations following temporary suspensionBahrain declares official public holiday for Prophet Mohammed’s birthdayOman suspends paragliding activities nationwide following fatal Dhofar accidentKuwait approves citizenship law amendments stripping naturalised citizens of political rightsUAE suspends trade and financial transactions with Iran following missile incidentDubai highlights biodiversity role of Al-Wohoosh Desert ReserveBahrain launches ‘Thirst Quenchers 2026’ heat safety campaign for workersUAE and Kuwait Foreign Ministers review regional developments in phone callQatar Airways launches Formula 1 stopover packages for 2026 Grand PrixSaudi Arabia and Sudan sign document establishing Saudi-Sudanese Coordination CouncilDubai Airports boost operational capacity to handle peak summer return rushQatar and Turkiye defense ministers discuss strengthening military cooperationBahrain port operator reports significant revenue drop amid regional shipping disruptionsOman imposes OMR 3.24 million in fines and deports nearly 3,000 in labour crackdownQatar categorically denies capturing three Iranian pilotsSaudi Foreign Minister receives Yemeni counterpart to discuss bilateral relationsUAE motorists can erase four black points in annual Day Without Accidents campaignKuwait sees decline in kidnapping, rape, and honor-related crimes in first half of 2026Bahrain task force gets new judicial powers to fight tax evasionOil spill threatens 40km stretch of Ras Madrakah coast in OmanQatar’s Prime Minister meets with Prime Minister of Grenada in DohaBorder Guard rescues five citizens after boat breaks down off Yanbu coastUAE expresses solidarity with Poland over bus crash victimsKuwait Cabinet approves comprehensive draft decree regulating drone operationsOman denounces foreign recognition of Israeli sovereignty over Golan HeightsQatar Stock Exchange index opens slightly lower amid sector fluctuationsBahrain High Criminal Court issues 15-year prison sentences in terror casesUmrah program guests praise Kingdom’s hospitality under royal initiativeUAE continues mobile health clinic operations supporting displaced families in GazaArabian Gulf University graduates first cohort of postgraduate medical education programOman expresses solidarity and condolences to Colombia following earthquakeQatar Ministry of Interior warns drivers of heavy fines for nighttime driving without headlightsKuwait Stock Exchange closes lower with All-Share Index dropping 0.46%Seha Virtual Hospital performs 11 consecutive remote robotic surgeries across Saudi ArabiaUAE expands youth empowerment and future readiness programmes ahead of International Youth DayOman and Iran agree on framework for Strait of Hormuz maritime navigationBahrain strongly condemns Houthi terrorist attacks on Saudi Arabia’s Najran regionSaudi Arabia, Turkey and Pakistan sign Mecca joint defence agreementUAE and Russian presidents discuss bilateral cooperation and regional developments in phone callBahrain Ministry of Interior develops digital service for evening construction permitsIran and Oman close in on new Strait of Hormuz maritime traffic regimeGold price in Qatari market rises by 5.40 percent this weekKuwait CMA issues first overseas investment marketing license to Goldman SachsSEVEN Abha entertainment destination opens to support tourism in Aseer RegionUAE, Arab and Islamic nations condemn Israeli violations in GazaBahrain Ministry of Transportation introduces remote technical inspection for maritime vesselsOman mediates 60-day interim agreement to secure Strait of Hormuz shippingQatar Stock Exchange index opens higher as transport and telecom sectors gainKuwait Nazaha expands institutional integrity initiative across 36 government agenciesSaudi foreign minister affirms Jerusalem protection as cornerstone for lasting peaceADNOC Distribution posts record H1 net profit of 568 million dollarsNinth Bahrain-Oman products exhibition opens in SalalahOman Volleyball Association confirms national team readiness for Asian Championship in JapanQatar completes first operational phase of autonomous electric taxi trialsKuwait condemns ongoing Israeli violations against healthcare facilities in GazaSaudi Aramco reports 33.4 billion dollar net income for second quarter of 2026UAE leads international Operation Green Shield targeting Amazon environmental crimeExplosion reported near oil tanker off the coast of Oman, crew safeNCST and Aluminium Bahrain develop AI-powered turbine monitoring systemQatar’s cybersecurity agency warns travelers against sharing boarding passes onlineKuwait issues new anti-commercial concealment law to protect national economyArab Parliament speaker meets Saudi Arabia’s permanent representative to Arab League in CairoUAE Ministry of Finance adopts ‘Aani’ and ‘Jaywan’ platforms for federal paymentsBahrain crown prince holds strategic talks with UK prime minister on defense and tradeBahrain condemns attack on Kuwait facility, stresses unified GCC securityOman continues mediation efforts with Iran over Strait of Hormuz navigation safetySultan Haitham discusses regional de-escalation in call with UK prime ministerQatari prime minister meets outgoing EU ambassador Dr. Cristian Tudor in DohaQatar resumes LNG shipments through Strait of Hormuz as tanker heads to PakistanKuwait confirms one fatality following attack on northern facilitySaudi Arabia condemns attacks targeting Jordan, calls for international actionUAE strongly condemns drone attacks targeting Saudi Arabia’s Eastern ProvinceKuwait Formally Approves Strategic Defense Cooperation Agreement With PakistanQatar Strongly Condemns Attempted Drone Attacks on Saudi Oil FacilitiesBahrain Hosts Joint GCC Military Exercises to Strengthen Collective DefenceSaudi Health Minister Meets Uzbek President to Expand Healthcare CooperationUAE Strongly Condemns Hostile Drone Attack Targeting JordanOman Presents Gulf-Backed Proposal for Joint Management of Strait of HormuzRTA opens temporary staircase at Burj Khalifa/Dubai Mall Metro StationIran’s Revolutionary Guards halt three oil tankers in Strait of HormuzUAE strongly condemns hostile drone attack on JordanUS and Saudi forces strike Iran-backed militias in Iraq following drone attacksUAE introduces revolutionary six-month schizophrenia treatmentUAE’s Wadi Wurayah National Park inscribed on UNESCO World Heritage ListOil prices drop below $88 a barrel as US pauses military strikes on IranUAE investors account for over 50 percent of Sharjah’s real estate trading value in H1 2026Saudi Arabia’s KSrelief expands medical and humanitarian aid in Jordan and AfghanistanIran’s Revolutionary Guards turn back six vessels in Strait of Hormuz
Sun. Aug 23rd, 2026

UAE: UAE Announces Strategic Exit from OPEC and OPEC+

  • UAE
  • April 29, 2026

The United Arab Emirates has announced its official withdrawal from OPEC and OPEC+, effective May 1, 2026. The decision marks a significant shift in national energy policy, as the country prioritizes production capacity expansion and economic flexibility amid ongoing regional tensions. While the announcement triggered a temporary 3% dip in crude prices, markets remain supported near the $100 mark due to persistent security risks in the Strait of Hormuz.

    • Staff Writer (Aw)

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