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EMDAD chief says UAE’s exit from OPEC is expected to generate more job opportunities.

Business Staff Writer -
Plans to increase oil capacity are expected to boost demand for workers, equipment, and field services. Dubai: The UAE’s withdrawal from OPEC is expected to...

Oil prices fall sharply as risk sentiment weakens, with major benchmarks declining significantly.

Energy Staff Writer -
WTI and Brent crude prices decline as investors take profits, while weaker economic data from China and the US dampens the demand outlook. Global oil...

Oil prices surge as a “dual blockade” at the Strait of Hormuz leaves global markets bracing for shock.

Business Staff Writer -
Oil benchmarks rally sharply, heightening concerns over renewed risks to global supply. Oil benchmarks surged sharply, renewing fears over global supply disruptions. Brent crude futures jumped...

Why reopening the Strait of Hormuz would not immediately relieve pressure on global trade.

Energy Staff Writer -
The prospect of resumed movement brought relief after weeks of disruption that had left around 1,000 ships stranded. Dubai: Oil prices eased as markets reacted...

UAE OPEC exit seen as part of broader economic restructuring, says Al Jaber.

Business Staff Writer -
Al Jaber says UAE energy strategy supports industrial growth, AI development and long-term economic resilience. Abu Dhabi: The UAE’s decision to exit OPEC and OPEC+...
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