The UAE was the third-largest producer in OPEC in February, behind Saudi Arabia and Iraq.
UAE announces decision to exit OPEC & OPEC+
The United Arab Emirates on Tuesday announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 …
UAE exits OPEC, OPEC+ from May 1 in strategic shift to boost output flexibility
Move seen as a blow to cartel cohesion as Abu Dhabi signals higher production and greater autonomy amid volatile global energy markets …
UAE to leave OPEC and OPEC+ oil producer groups
The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a …
GCC board diversity reaches 7%; UAE leads with 15% female representation
The UAE maintained its position as the regional leader for the third consecutive year, with women occupying 15% of board seats across its stock exchanges, up from 14.7% in 2025 …
Accounting Services in Dubai That Turn Financial Pressure Into Control
Your business is busy. Sales are moving, the team is growing, and you are putting in long hours every week. On the outside, things look healthy. But on the insi …
UAE’s largest offshore yard hit with ‘cost overruns’ and logistics challenges, net profit drops 63%
NMDC Energy is a key offshore contractor for the state giant Adnoc, which is embarking on a major investment drive to boost its oil production capacity to 5 million bpd …
For Sharjah Biennial 17 the past is not dead. It’s not even past. It transfigures
Sharjah Art Foundation (SAF) has announced the title, curatorial framework and participant list for the 17th edition of Sharjah Biennial. Its theme …
Dubai Residential REIT revenue jumps 8.4% as occupancy hits 98.9%
Dubai Residential REIT posted 8.4% revenue growth in Q1 2026, with occupancy reaching 98.9%, as strong leasing demand boosts Dubai’s resilient residential property market. Dubai Residential REIT …
Dubai Metro Gold Line: Experts discuss project impact and urban transformation
Dubai is set to expand its public transport network with the Dubai Metro Gold Line, backed by investments of AED 34 bn. Spanning 42km, the Gold Line will run from Al Ghubaiba to J …
Dubai Healthcare City breaks ground on two flagship projects
The two developments form part of DHCA’s broader efforts to reinforce Dubai’s position as a global hub for healthcare investment …
UAE welcomes ‘Shop Local’ platform to help SMEs grow and reach customers
UAE logistics firm Quiqup launches Shop Local platform to help SMEs gain visibility, drive sales and connect with customers across the UAE …
Dubai real estate sales reach Dhs4 billion in a single day
Dubai real estate transactions at the start of the week totalled Dhs6.11 billion, resulting from 1,360 deals, according to Dubai REST app operated by the …
Dubai’s VARA establishes formal derivatives regime and clarifies virtual asset issuance rules
Sweeping new rules by Dubai’s Virtual Assets Regulatory Authority (VARA) in its updated exchange services rulebook, governing the trading of derivatives linked to virtual assets, marks a significant …
Significant progress made in Sharjah’s ‘Rainwater Drainage’ project
Under the guidance of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, substantial progress has been …
UAE ranks first globally in GEM report for fifth year
ABU DHABI – The UAE has maintained its global leadership in entrepreneurship, ranking first worldwide for the fifth consecutive year in the Global Entrepreneurship Monitor (GEM) 2025/2026 report. The …
Abu Dhabi Police urge motorists to avoid distractions while driving near schools
Abu Dhabi Police called on motorists to take caution and maintain full focus while driving in the vicinity of schools and not to be distracted from the road …