UAE leaves OPEC in blow to oil cartel during war on Iran
you are currently viewing::UAE leaves OPEC in blow to oil cartel during war on IranApril 28, 2026- Announcement of its exit on Friday comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz. The move, which will take effect on Friday, reflects "the UAE's long-term strategic and economic vision and evolving energy profile", a statement carried by state media said on Tuesday. Source: aljazeera.com |
May 18, 2026--Singapore is navigating elevated global uncertainty from a position of strength. The country faces upside inflation risks and downside growth risks stemming from a possible escalation of the war in the Middle East.
April 30, 2026-The Abu Dhabi Securities Exchange (ADX) Group has hosted the initial offering period (IOP) for a US-based ETF, followed by the cross-listing of the KraneShares Wahed Alternative Income Index ETF (KWIN).
April 26, 2026-The war has deepened instability in the Middle East
Most stock markets eked out small gains on Sunday despite hopes for a diplomatic breakthrough in the U.S.-Israeli conflict with Iran fading, with stalled talks underscoring the hardening positions of both Tehran and Washington.
April 7, 2026-GDP in Saudi Arabia and the UAE could fall by 3% and 5% respectively
The US-Israel war with Iran has now stretched beyond five weeks, inflicting extensive damage on energy infrastructure, airports, ports and commercial and technology hubs across the six GCC states.