ABU DHABI / WAM The United Arab Emirates on Tuesday announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026. This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking …

ABU DHABI / WAM NMDC Energy on Tuesday announced its financial results for the first quarter of 2026, stating that it maintained operational continuity across all its projects as a result of integrated efforts, coordination with all relevant stakeholders, and the effective implementation of business continuity frameworks and risk management practices. NMDC Energy delivered solid financial performance in the first …

DUBAI / WAM Results of the “GCC Board Gender Index Report 2026” showed continued progress in women’s representation, reaching 7 percent of board positions across the GCC, compared to 6.9 percent in 2025, with the UAE ranking first at 15 percent. Heriot-Watt University and Aurora50 released the third edition of this comprehensive study of women’s representation on the boards of …

RAS AL KHAIMAH / WAM Ras Al Khaimah recorded a 15.5 percent increase in the total capital of economic licences in the first quarter of 2026, reaching around AED11.497 billion, reflecting continued investor confidence and a strong business environment. Commercial licences accounted for the largest share at 62.3 percent, underscoring robust business activity and expansion in the emirate. Industrial licences …

DUBAI / WAM Quiqup, a UAE-based innovative e-commerce logistics provider, has launched “Shop Local”, a new initiative designed to help consumers discover and support local businesses across the UAE, while giving SMEs greater visibility and easier access to customers through a dedicated online platform. “Shop Local” brings together UAE-based brands in one platform, making it easier for consumers to browse, …

ABU DHABI / WAM UAE Banks Federation (UBF) approved its 2026 strategy at its Annual General Meeting (AGM), in the presence of representatives of all its member banks. The strategy, endorsed by UBF’s board at a meeting held prior to the AGM, focuses on advancing the sector’s role in economic growth and reinforcing the UAE’s leading position among the world’s …

ABU DHABI /AD MEDIA OFFICE The Ministry of Industry and Advanced Technology (MoIAT) convened the Industrial Resilience and Supply Chain Continuity Forum in Abu Dhabi with high-level participation from ministries, relevant authorities, leaders, experts, and CEOs from the industrial sector, in the lead-up to the fifth edition of Make it in the Emirates (MIITE). MIITE is the UAE’s flagship industrial …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Cyril Ramaphosa, President of the Republic of South Africa, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin …

ABU DHABI / AD MEDIA OFFICE World Athletics has announced that the Abu Dhabi Marathon, organised by the Abu Dhabi Sports Council and sponsored by ADNOC, has been awarded the ‘Gold Label Road Race’ designation in recognition of the event’s high organisational standards and its growing status among the world’s leading road running races. This classification is one of the …

ABU DHABI / WAM The National Pavilion of the United Arab Emirates will participate at the 61st International Art Exhibition of La Biennale di Venezia, which will open on 6 May, and continue through to 22 November, 2026. It will welcom the public on 9 May. The National Pavilion of the United Arab Emirates announced its forthcoming exhibition Washwasha at …