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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With vast oil reserves and billions already deployed, the UAE appears increasingly unwilling to leave its crude capacity idle—especially right now.
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
On Tuesday, the United Arab Emirates said that it will be leaving OPEC and OPEC+ on 1 May. This would essentially mark the end of nearly six decades of UAE's membership at the Organization of the Petroleum Exporting Countries, and could have huge ramifications for global oil markets and the oil alliance led by Saudi Arabia.
“This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s pressing needs,” the UAE energy ministry said in a statement. …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
