Latest News: Kuwait Airport road to close for three days for maintenanceQatar Airways expands global network to more than 170 destinationsQatarEnergy signs agreement for offshore blocks in AngolaGulf stock markets give mixed signals as investors weigh oil surge and regional risksQatar records more than 24,000 applications through falcon and CITES permit systemsOman crude price rises by $2.74 as global oil markets remain volatileQatar’s Islamic finance sector grows as banking assets reach QAR718.5 billionQatar cuts minimum plot size for subdividing private villa land to 400 square metresDubai cybersecurity centre joins GISEC Global 2026 as government partnerDubai Holding awards AED5 billion contract for new headquarters and Jumeirah residencesUAE President begins Germany visit as Abu Dhabi and Berlin seek deeper tiesUAE reminds residents: call 999 only for emergenciesOil tanker carrying 2 million barrels of Iraqi fuel hit in Gulf watersStrait of Hormuz shipping falls sharply as US-Iran conflict escalatesBrent crosses $100 as Gulf attacks deepen fears over energy suppliesSaudi Arabia lifts security alert in Khamis Mushait after Houthi attacksHormuz shipping slows as Gulf waits for next move in Iran-US confrontationGulf markets lose momentum as Iran-US tensions keep investors cautiousOman and Rwanda discuss stronger economic partnership during presidential visitOman and Rwanda agree to deepen economic and investment tiesBahrain condemns renewed Houthi attacks on Saudi ArabiaKuwait and Pakistan discuss regional security as Gulf tensions riseKuwait condemns Houthi attacks on Saudi ArabiaQatar condemns Houthi attacks on Saudi civilian and economic sitesQatar’s foreign exchange reserves rise 0.75% in AugustQatar and UK discuss Hormuz tensions and maritime securityNEOM end Al Hilal’s 47-match unbeaten Saudi Pro League runSaudi Arabia vows firm response after Houthi attacks on civilian sites73 injured as Houthi attacks hit Saudi cities and energy facilitiesUAE President receives credentials from 18 newly appointed ambassadorsUAE non-oil trade hits record Dh1.94 trillion in first half of 2026UAE activates new trade routes as Hormuz disruption tests Gulf supply chainsQatar to host UN World Investment Forum 2026 in OctoberHis Majesty issues 16 Royal Decrees restructuring state administrative bodiesSaudi Arabia designates 2026 as the Year of AIArab Media Summit 2026 to host Euronews Forum for first timeOman signs Participation Contract for Expo 2030 RiyadhSaudi Red Sea destination begins operations with giant off-grid renewable energy systemCivilians abandon homes as Yemen fighting leaves more than 300 deadIran plans maritime exclusion zone near Strait of Hormuz after US strikes on tankersOman faces tough draw in 2026 Asian Men’s Volleyball Continental ChampionshipKuwait eyes Gulf shield enhancements amid regional security discussionsQatari aircraft arrives in Nepal carrying humanitarian aid for flood victimsUAE President issues pardon for Abdul Rahman Yusuf Al QaradawiFitch warns of GCC rating risks amid ongoing Strait of Hormuz blockadeRed alerts issued in Saudi Arabia as heavy rain and thunderstorms continueQatar participates in 35th GCC Civil Defense Committee meeting in RiyadhSaudi Arabia issues 1,360 licenses for collective labor housingKuwait and Bahrain intercept Iranian drone and missile attacksUAE and US Presidents review Middle East developments in phone callSaudi Ministry of Media launches new Ealam digital platformTwo oil tankers hit near Strait of Hormuz amid maritime security alertsKuwait firefighters battle blaze following drone strike on propertyGCC Customs Union advances emergency logistics transit frameworkBahrain air defense systems intercept Iranian drone attacksFlight disruptions hit Dubai and Abu Dhabi airports amid regional tensionsUAE President welcomes students as new academic year begins across nationSaudi Arabia, Turkey, and Pakistan hold inaugural Mecca Defense Pact meeting in IstanbulGCC Secretary General and Kuwait strongly condemn drone attack on UAEUAE Air Defense intercepts hostile Iranian drone over territorial watersIran-led militias in Iraq reportedly planning attacks on Saudi ArabiaUS-Iran war hits six months as 82 vessels redirected under maritime blockadeInaugural ‘Emirates Loves Palestine’ event launches at Expo City DubaiDubai opens two new lanes on Emirates Road to cut Sharjah travel timesUS diplomats and families begin returning to Middle East embassiesQatar and NATO establish new Tailored Partnership ProgramSaudi Arabia and Kazakhstan sign agreement to expand air connectivityBahrain records 2.2 percent growth in non-oil GDP for Q1 2026Tanker struck by projectile in Strait of Hormuz near OmanQatari Prime Minister visits Tehran for regional de-escalation talksUAE prepares for month-long Emirati Women’s Day celebrationsYinzCam and Halo23 form strategic partnership to expand digital platforms across GCCBahrain’s Al Salam Bank appointed joint lead manager for Saudi Arabia’s $2.75bn sukukGCC Secretary General meets with Italian Institute of International AffairsKuwait’s beneficial ownership registration tops 98 percent amid tighter anti-concealment rulesSaudi Aramco signs agreements worth over $3.7 billion with French companiesUAE leaders congratulate President of Uruguay on Independence DayBahrain HRH Crown Prince chairs Cabinet meeting marking Supreme Council for Women jubileeOman stops issuing and renewing work permits for expatriates above 60Qatar ranks among world’s highest in ITU ICT Development Index 2026Kuwait issues Amiri Decree amending Nationality Law with new electronic certificatesTanker off Saudi Arabia catches fire after strike by unknown projectileUAE residents face travel and trade disruptions amid US-Iran standoffQatar 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 incident
Thu. Sep 10th, 2026
Latest News: Kuwait Airport road to close for three days for maintenanceQatar Airways expands global network to more than 170 destinationsQatarEnergy signs agreement for offshore blocks in AngolaGulf stock markets give mixed signals as investors weigh oil surge and regional risksQatar records more than 24,000 applications through falcon and CITES permit systemsOman crude price rises by $2.74 as global oil markets remain volatileQatar’s Islamic finance sector grows as banking assets reach QAR718.5 billionQatar cuts minimum plot size for subdividing private villa land to 400 square metresDubai cybersecurity centre joins GISEC Global 2026 as government partnerDubai Holding awards AED5 billion contract for new headquarters and Jumeirah residencesUAE President begins Germany visit as Abu Dhabi and Berlin seek deeper tiesUAE reminds residents: call 999 only for emergenciesOil tanker carrying 2 million barrels of Iraqi fuel hit in Gulf watersStrait of Hormuz shipping falls sharply as US-Iran conflict escalatesBrent crosses $100 as Gulf attacks deepen fears over energy suppliesSaudi Arabia lifts security alert in Khamis Mushait after Houthi attacksHormuz shipping slows as Gulf waits for next move in Iran-US confrontationGulf markets lose momentum as Iran-US tensions keep investors cautiousOman and Rwanda discuss stronger economic partnership during presidential visitOman and Rwanda agree to deepen economic and investment tiesBahrain condemns renewed Houthi attacks on Saudi ArabiaKuwait and Pakistan discuss regional security as Gulf tensions riseKuwait condemns Houthi attacks on Saudi ArabiaQatar condemns Houthi attacks on Saudi civilian and economic sitesQatar’s foreign exchange reserves rise 0.75% in AugustQatar and UK discuss Hormuz tensions and maritime securityNEOM end Al Hilal’s 47-match unbeaten Saudi Pro League runSaudi Arabia vows firm response after Houthi attacks on civilian sites73 injured as Houthi attacks hit Saudi cities and energy facilitiesUAE President receives credentials from 18 newly appointed ambassadorsUAE non-oil trade hits record Dh1.94 trillion in first half of 2026UAE activates new trade routes as Hormuz disruption tests Gulf supply chainsQatar to host UN World Investment Forum 2026 in OctoberHis Majesty issues 16 Royal Decrees restructuring state administrative bodiesSaudi Arabia designates 2026 as the Year of AIArab Media Summit 2026 to host Euronews Forum for first timeOman signs Participation Contract for Expo 2030 RiyadhSaudi Red Sea destination begins operations with giant off-grid renewable energy systemCivilians abandon homes as Yemen fighting leaves more than 300 deadIran plans maritime exclusion zone near Strait of Hormuz after US strikes on tankersOman faces tough draw in 2026 Asian Men’s Volleyball Continental ChampionshipKuwait eyes Gulf shield enhancements amid regional security discussionsQatari aircraft arrives in Nepal carrying humanitarian aid for flood victimsUAE President issues pardon for Abdul Rahman Yusuf Al QaradawiFitch warns of GCC rating risks amid ongoing Strait of Hormuz blockadeRed alerts issued in Saudi Arabia as heavy rain and thunderstorms continueQatar participates in 35th GCC Civil Defense Committee meeting in RiyadhSaudi Arabia issues 1,360 licenses for collective labor housingKuwait and Bahrain intercept Iranian drone and missile attacksUAE and US Presidents review Middle East developments in phone callSaudi Ministry of Media launches new Ealam digital platformTwo oil tankers hit near Strait of Hormuz amid maritime security alertsKuwait firefighters battle blaze following drone strike on propertyGCC Customs Union advances emergency logistics transit frameworkBahrain air defense systems intercept Iranian drone attacksFlight disruptions hit Dubai and Abu Dhabi airports amid regional tensionsUAE President welcomes students as new academic year begins across nationSaudi Arabia, Turkey, and Pakistan hold inaugural Mecca Defense Pact meeting in IstanbulGCC Secretary General and Kuwait strongly condemn drone attack on UAEUAE Air Defense intercepts hostile Iranian drone over territorial watersIran-led militias in Iraq reportedly planning attacks on Saudi ArabiaUS-Iran war hits six months as 82 vessels redirected under maritime blockadeInaugural ‘Emirates Loves Palestine’ event launches at Expo City DubaiDubai opens two new lanes on Emirates Road to cut Sharjah travel timesUS diplomats and families begin returning to Middle East embassiesQatar and NATO establish new Tailored Partnership ProgramSaudi Arabia and Kazakhstan sign agreement to expand air connectivityBahrain records 2.2 percent growth in non-oil GDP for Q1 2026Tanker struck by projectile in Strait of Hormuz near OmanQatari Prime Minister visits Tehran for regional de-escalation talksUAE prepares for month-long Emirati Women’s Day celebrationsYinzCam and Halo23 form strategic partnership to expand digital platforms across GCCBahrain’s Al Salam Bank appointed joint lead manager for Saudi Arabia’s $2.75bn sukukGCC Secretary General meets with Italian Institute of International AffairsKuwait’s beneficial ownership registration tops 98 percent amid tighter anti-concealment rulesSaudi Aramco signs agreements worth over $3.7 billion with French companiesUAE leaders congratulate President of Uruguay on Independence DayBahrain HRH Crown Prince chairs Cabinet meeting marking Supreme Council for Women jubileeOman stops issuing and renewing work permits for expatriates above 60Qatar ranks among world’s highest in ITU ICT Development Index 2026Kuwait issues Amiri Decree amending Nationality Law with new electronic certificatesTanker off Saudi Arabia catches fire after strike by unknown projectileUAE residents face travel and trade disruptions amid US-Iran standoffQatar 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 incident
Thu. Sep 10th, 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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