News

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 Creators HQ, the first dedicated creators’ hub in the UAE and the Middle East, in partnership with leading content creator empowerment platform Alfan, announced the opening of applications for content creators wishing to join the inaugural cohort of the Social Content Fund programme. This follows the strategic partnership signed between Creators HQ and Alfan during the 4th edition of …

ABU DHABI/WAM EDGE Group will participate as an Enablement Partner at Make It in the Emirates (MIITE) 2026, spotlighting its landmark achievements in supply chain localisation, smart manufacturing, talent development, and technological advancements. The Group’s participation underscores its pivotal role in advancing the UAE’s industrial defence sovereignty and its full alignment with Operation 300bn and the MIITE initiative. Hamad Al …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Excellency Abdullah Al Sayed Al Hashemi and members of his family. The meeting discussed the contributions of the founding generation and their role in building the UAE. His Highness presented His Excellency with a collection of photographs documenting key moments from his service to the nation, …

DUBAI / WAM Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, rang the market-opening bell at Nasdaq Dubai to mark the listing of additional UAE dirham-denominated Islamic Treasury Sukuk issued by the Ministry of Finance, with a total value of AED1.1 billion. During the ceremony, he was joined by Younis Haji AlKhoori, Undersecretary of the Ministry of …

JEDDAH / WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, participated in the 19th GCC Consultative Summit in Jeddah, held today in Jeddah, Saudi Arabia. The summit reviewed regional developments and the serious repercussions of the Iranian missile attacks targeting …

DUBAI / WAM In line with the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved renaming the Ministerial Development Council as the Ministerial Council for Artificial Intelligence and Development. The Council will be chaired by His Highness Sheikh Mansour …