World Business
OPEC+ Boosts Output, UAE Exit Threatens Cartel’s Future
A select group of OPEC+ nations will raise oil output from August, but the cartel faces an uncertain future following the UAE's...
#UAE 8 articles
World Business
OPEC+ Boosts Output Amidst Cartel’s Uncertain Future
OPEC+ countries have agreed to increase output targets, but the cartel faces existential challenges following the UAE's departure and internal divisions.
Investing
Revolut Secures Preliminary UAE Crypto License, Bolstering Regional Expansion
Revolut has received in-principle approval for a Virtual Assets Service Provider (VASP) license in Dubai, weeks after obtaining key banking licenses in...
World Business
OPEC+ Boosts Output, Cartel’s Future Uncertain After UAE Exit
A handful of OPEC+ nations will raise oil output from August. However, the cartel is fighting for survival following the UAE's departure,...
World Business
UAE Quits OPEC, Citing National Interest
The United Arab Emirates will exit OPEC and OPEC+ on May 1, a move it says is to focus on national interest,...
World Business
UAE Exits OPEC: What it Means for Oil Markets
The United Arab Emirates is leaving OPEC after six decades, a move that could significantly impact global oil production and prices. The...
World Business
UAE’s Opec Exit: A Seismic Shift Beyond Current Blockades
The UAE's departure from Opec, a group it helped found, signals a strategic pivot. While immediate oil market impacts are minimal, the...
Markets
Trump Administration Weighs UAE Currency Swap
The Trump administration is considering a currency swap with the United Arab Emirates to support its economy amidst regional instability.