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The Latest Breaking News from UAE

UAE, Qatar seek new Gulf-Asia trade corridor in landmark agreement with South Korea

The UAE signed a landmark trade deal with South Korea, the day after it left OPEC, while Qatar is also engaging with Seoul for its own trade agreement. The Gulf states are paving a structural trade corridor with Asia.

Euronews

Amazon’s Middle East data centers damaged by Iran drone and missile attacks will be down for several months during repairs — U.S. and Iran currently observing an uneasy truce, but renewed strikes possible if talks break down

Amazon says that it will take months before it can return its Bahrain and UAE data center back to full operational status. In the meantime, the company suspends billing for affected customers while also recommending that they move to other Regions to restore service.

Tom’s Hardware

The year that shook the Gulf

The region's vision of a post-oil future has taken a major blow.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

The Iran war has brought many old Gulf faultlines to the fore – and is creating new ones

The United Arab Emirates (UAE) announced on April 28 that it will leave the global oil producers’ cartel Opec. Its decision is the latest sign that the war in the Middle East has not only deepened animosities between Iran and its Gulf neighbours, but among the Gulf states too.

The Conversation

The UAE’s OPEC exit signals strategic shift as Gulf unity faces new test over oil policy

The UAE's exit from OPEC signals a strategic shift, raising questions about Gulf coordination and the organisation's future.

Euronews

War in the Gulf and on US free speech

Brent crude oil surged to US$126 (£94) a barrel after US president Donald Trump announced that he was willing to prolong the blockade of Iranian ports for “months if needed”. This conflict has been billed as a matter of who can absorb the most pain. And Trump is betting on…

The Conversation

Top 10 countries with the most skyscrapers in the world 2026: China, US, UAE and other leading nations

Skyscrapers have become a kind of silent competition between nations. Not always planned that way, but it shows up clearly in skylines. Cities rising upward, faster than outward. The idea of “Top 10 countries with the most skyscrapers” is usually tied to urban growth, population pressure, and economic ambition. China…

The Times of India

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The week that was in international affairs: UAE to exit Opec; Ukraine makes Russia jittery

UAE exits Opec, impacting global oil dynamics amid regional tensions. Ukraine escalates attacks on Russia, forcing Moscow to scale back Victory Day parades. King Charles' US trip strengthens UK-US ties. Syria begins its first transitional justice trial. China pressures African nations, forcing Taiwan's President to cancel a trip.

The Times of India

Stock Market Today: Oil Prices Spike as Trump Orders 'Extended Blockade' of Iran and Rejects Nuclear Deal

Oil prices have surged due to US-Iran tensions and the UAE's exit from OPEC, impacting global markets. Analysts predict prolonged volatility as geopolitical factors continue to influence oil flows.

International Business Times UK

Could the UAE’s shock exit from Opec cause an oil price war?

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come

The Guardian - UK

Following UAE’s OPEC Exit Shock, Diamondback Energy Could Be the Smartest Bet Now

The UAE’s decision to exit OPEC/OPEC+ has injected new uncertainty into oil markets and pushed crude prices above $100 per barrel. Low-cost Permian operator Diamondback Energy may be positioned as one of the clearest near-term beneficiaries.

Barchart

Jonas Vingegaard the clear frontrunner, but who will emerge as his biggest challenger? – Analysing the favourites for the Giro d'Italia

Dane looks to become eighth man in history to win all three Grand Tours on the road from Bulgaria to Rome

Cycling News

Oil temporarily hits $126 wartime high as US–Iran standoff fuels supply fears

Oil markets face upward pressure on Thursday, with Brent crude briefly touching $126 as markets price in tensions in the negotiations between the US and Iran.

Euronews

UAE announces petrol, diesel prices for May 2026 as fuel rates jump by up to 10% across Emirates

UAE motorists will face higher fuel costs in May 2026 as petrol prices see another significant increase. This marks the third consecutive monthly hike, driven by global oil market instability and geopolitical tensions. The latest revisions mean higher expenses for daily commutes and businesses reliant on transportation.

The Times of India

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International Business Times UK

Katie Price Sparks Backlash After Promoting CBD in Dubai — Despite UAE Ban on Cannabis Products

Katie Price faces criticism for promoting CBD oil in Dubai, where cannabis-derived substances are strictly regulated. The online reaction highlights legal concerns and influencer responsibilities.

The Conversation

What is OPEC and how does it shape global oil markets?

Oil is once again making headlines.

Euronews

What could the UAE’s exit from OPEC mean for oil markets and the climate?

The world's third-largest oil producer has the capacity to increase its output by almost 50 per cent, according to industry estimates.

The Conversation

The UAE is leaving the OPEC oil cartel. What could that mean for oil prices?

The United Arab Emirates (UAE) has announced that on May 1, it will leave both the Organization of the Petroleum Exporting Countries (OPEC) and the larger OPEC+ group. By withdrawing, the UAE will now be able to independently decide how much oil it produces and sells.

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The Guardian - UK

The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high

Editorial: The world must accelerate the shift to renewables, regardless of the economic effects of Abu Dhabi’s decision

The Conversation

UAE’s departure from Opec tells a story about the limited future of oil production

The decision by the United Arab Emirates to leave the oil producers’ cartel Opec after 59 years is more than a symbolic break. It highlights a growing divide among major oil producers over how to respond to a changing energy landscape, and will weaken the group’s ability to manage global…

Euronews

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Fortune

‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC

The move didn’t surprise Hanke, who served on the UAE’s Financial Advisory Council from 2008 to 2014.

International Business Times UK

OPEC: UAE Leaves OPEC — What This Means for the Global Oil Economy

OPEC faces uncertainty as UAE exit reports trigger concerns over oil supply stability and global economic ripple effects

The Independent UK

Oil prices decline after UAE says it will exit Opec amid Iran war energy crisis

Asian stocks are mostly higher despite a retreat on Wall Street

The Independent UK

United Arab Emirates will leave OPEC in a blow to the oil cartel

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices

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