The United Arab Emirates (UAE) said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the war on Iran has caused a historic energy shock and unsettled the global economy. The stunning loss of the UAE, a […]
United Arab Emirates
United Arab Emirates Leaves OPEC, Reshapes Global Oil Market
The United Arab Emirates has announced its decision to leave the OPEC and OPEC Plus alliance, marking a major shift in global energy politics. The move is expected to take effect on May 1, 2026, according to official reports from Abu Dhabi. The decision comes from the United Arab Emirates government, which aims to gain […]
UAE Rejects External Aid Claims, Confirms Strong Economy
The United Arab Emirates has rejected claims that it needs external financial assistance. The statement was made by Yousef Al Otaiba. He said the country has no shortage of dollars and maintains a strong economy. Therefore, he confirmed that the UAE does not require any outside financial support. The remarks came during a high-level meeting […]
Pakistan repays $2bn loan to UAE, confirms SBP
The State Bank of Pakistan (SBP) on Saturday confirmed that the government has returned $2 billion in debt to the United Arab Emirates (UAE). The SBP spokesperson said that the amount was kept with the central banks as a safe deposit. The development came a day after Pakistan and Saudi Arabia signed an agreement to […]
Repayment of UAE deposits reflects Pakistan’s economic strength: analysts
The reimbursement of matured long-term foreign deposits to the United Arab Emirates (UAE) reflects Pakistan’s improving external liquidity position, economic stability, and enhanced policy credibility, besides the capacity to honour its international obligations without compromising macroeconomic fundamentals, according to financial analysts. As of late March 2026, Pakistan’s total liquid foreign exchange reserves stood at approximately […]
Pakistan decides to repay UAE’s $2bn loan: sources
Pakistan has decided to repay a loan taken from the United Arab Emirates (UAE), sources said on Friday. The sources said Islamabad will return $2 billion to Abu Dhabi by the end of this month. The amount was kept with the State Bank of Pakistan (SBP) as a safe deposit. Officials said Pakistan has been […]
Fourth Pakistani killed in UAE due to ‘falling debris’
Another Pakistani national died due to “falling debris” from missile interception in Abu Dhabi in the United Arab Emirates (UAE) on Thursday, the Abu Dhabi Media Office said. The development takes the total number of Pakistani nationals killed in the UAE as a result of falling debris from missile interceptions amid the ongoing US-Israeli war […]
Fire at UAE oil hub as Iran vows revenge for Kharg Island attack
Iran warned it could hit selected targets, including US “hideouts” in the United Arab Emirates, and warned civilians to evacuate on Saturday, projecting defiance after US forces hit military sites at its own main oil hub a day earlier. Some oil-loading operations have been suspended in the UAE’s Fujairah emirate, a major bunkering hub and […]
Two crude oil ships reach Pakistan from UAE
Two ships carrying between 10,00,000 barrels of crude oil successfully docked at Karachi from Fujairah, United Arab Emirates (UAE), under the protective escort of the Pakistan Navy. Officials from the Pakistan National Shipping Corporation (PNSC) confirmed that the safe transfer of the vessels was completed within the Navy’s security perimeter. The escort was deemed necessary […]
2nd Pakistani killed in UAE due to debris from aerial interception
A Pakistani driver was killed when “debris from an aerial interception” fell onto a vehicle in Dubai’s Al Barsha area late on Saturday night, according to Dubai Media Office. This is the second instance of a Pakistani national losing his life in an attack in the United Arab Emirates (UAE) during the ongoing war between […]