UAE to Exit OPEC and OPEC+
The UAE will exit OPEC and OPEC+ from May 1, aiming to increase oil production and better align with shifting global energy demand.
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The UAE will exit OPEC and OPEC+ from May 1, aiming to increase oil production and better align with shifting global energy demand.
Luxury stocks declined sharply after weak earnings from Hermès and Kering, as the Iran war weighed on Middle East demand and tourism.
Oil prices resumed gains after Iran accused the U.S. of violating a ceasefire agreement. Renewed tensions are fueling concerns over supply disruptions.
Nvidia and Amazon temporarily close Middle East offices as companies respond to rising regional tensions.
Standard Chartered’s innovation arm, SC Ventures, is planning a $250 million digital assets fund launching in 2026, with some backing expected from Middle Eastern investors.