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At Close: Jun 03, 2026
The UAE says its decision to leave OPEC and OPEC+ was based on the country's national interest. Energy Minister Suhail Mohamed Al Mazrouei says it remains committed to maintaining market stability.
QT Imaging Holdings, Inc. (Nasdaq: QTI) (“QT Imaging” or the “Company”), a medical device company dedicated to transforming breast health management th
The United Arab Emirates is discussing a currency swap line with the United States, ​its trade minister said on Monday.
The United Arab Emirates' decision to exit OPEC and OPEC+ was not directed against ​anyone but meant to serve national interests, Abu Dhabi National ‌Oil Company CEO Sultan Al Jaber said on Monday
J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. ​companies once it is in a position ‌to pump more oil after the country decided to leave the Organization of Petrol

CNBC Daily Open: UAE leaves OPEC adrift

02:23am, Wednesday, 29'th Apr 2026
The United Arab Emirates will exit OPEC on May 1. European bank earnings top forecasts, but Airbus misses expectations.
Suhail Al Mazrouei, the UAE's Energy Minister speaks to CNBC's Dan Murphy following the country's announcement it will leave OPEC. The Minister described the move as a "pure policy change", dismissing
The United Arab Emirates is leaving OPEC on May 1, dealing a blow to the group and its leader Saudi Arabia. UAE Energy Minister Suhail Al Mazrouei tells Bloomberg's Joumanna Bercetche that the timin
Though the Middle Eastern nation did not give a reason for its exit, some of its oil infrastructure was recently damaged by drone strikes from fellow OPEC member Iran.
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Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on ​spillovers from the U.S.-Israel war with Ira
Crude oil stocks stand to gain from surging prices and supply chain disruptions, offering investors defensive, short-term tactical buying opportunities. The goal of defensive trading is to preserve ca
The iShares MSCI UAE ETF (UAE) remains a buy, supported by robust macro fundamentals, cheap valuations, and strong momentum. UAE's GDP growth prospects are set to improve even further in 2026, and are
Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in iShares MSCI UAE ETF (NASDAQ: UAE) by 8.1% during the undefined quarter, according to the company in its most recent 13F filing
Flow Traders U.S. LLC bought a new position in shares of iShares MSCI UAE ETF (NASDAQ: UAE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and E
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