Back to all energy news

UAE exits OPEC, OPEC+ in major market shift

Outside the group, the UAE would have both the incentive and the ability to increase production, says Jorge Leon, analyst at Rystad

Gulf Business
Gulf Business

28 April, 2026

UAE exits OPEC, OPEC+ in major market shift
Image: Getty Images

TT

16

The UAE has announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance, effective May 1, 2026, marking a significant shift in the country’s energy policy as it seeks greater flexibility in managing production and long-term growth.

The decision follows a comprehensive review of the UAE’s production strategy, current capacity and future energy outlook, and is aligned with the country’s broader economic and industrial ambitions, WAM reported.

In a statement, the UAE said the move reflects its “long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production,” while reinforcing its commitment to remaining a responsible and reliable participant in global energy markets.

The exit comes at a time of continued volatility in global energy markets, including disruptions in the Arabian Gulf and the Strait of Hormuz. However, the UAE noted that underlying demand trends remain strong over the medium to long term, requiring flexible and reliable supply.

The country emphasised that its decision is rooted in national interest, while maintaining its commitment to supporting global market stability. The UAE has been a member of OPEC since 1967, initially through Abu Dhabi, and continued its participation following the formation of the federation in 1971.

Despite exiting the alliance, the UAE signalled it will continue to engage constructively with global energy stakeholders and bring additional production to market in a measured and demand-aligned manner.

“The UAE will continue to act responsibly, bringing additional production to market in a gradual and measured manner, aligned with demand and market conditions,” the statement said.

The move underscores a broader evolution in the UAE’s energy strategy, which is increasingly focused on balancing hydrocarbons with investments in renewables, low-carbon technologies and energy transition initiatives.

The UAE also highlighted its position as a producer of cost-competitive and lower-carbon oil, noting that such resources will continue to play a role in supporting global economic growth while contributing to emissions reduction goals.

While stepping away from formal coordination under OPEC and OPEC+, the UAE reaffirmed its commitment to cooperation with both producers and consumers to ensure stability in global markets.

“We reaffirm our appreciation for the efforts of both OPEC and the OPEC+ alliance and wish them success,” the statement added. “During our time in the organisation, we made significant contributions and even greater sacrifices for the benefit of all.”

Looking ahead, the UAE said it will continue investing across the full energy value chain, including oil, gas, renewables and low-carbon solutions, positioning itself to respond to evolving market dynamics while supporting long-term energy system transformation.

Fully equipped ladies beach park opens in the UAE: What facilities does it offer?

The project includes a two-wing building featuring a fitness hall, creativity hall, café, administrative offices, a clinic, a prayer room, and security facilities

Nida Sohail
Nida Sohail

28 April, 2026

Fully equipped ladies beach park opens in the UAE: What facilities does it offer?

TT

16

Sharjah Department of Public Works (SDPW) has completed the Ladies Beach Park in Dibba Al Hisn, delivering a 6,350 square metre women-focused recreational development aimed at enhancing quality of life and community amenities.

The project is part of wider efforts to expand modern leisure infrastructure across the emirate, according to a WAM report.

Read more-Dubai to roll out ‘Work from Park’ spaces in push to blend productivity with green areas

The project includes a two-wing building featuring a fitness hall, creativity hall, café, administrative offices, a clinic, a prayer room, and security facilities, along with supporting services. Designed as an integrated destination, the park provides a dedicated environment for women to engage in sports, wellness, and social activities within a modern and well-equipped setting.

Family-friendly amenities and fitness spaces

Additional features include a shaded children’s playground with safe rubber flooring and a waterfront jogging track, encouraging outdoor activity and fitness in a family-friendly environment.

The SDPW also implemented coastal protection works, constructing a 200-metre rock revetment to safeguard the shoreline and park infrastructure from wave impact. The beach has been enclosed with a 3-metre-high fence to ensure privacy, alongside lifeguard towers, bathing areas, and service rooms to enhance visitor safety.

The development strengthens Dibba Al Hisn’s recreational offering and supports the emirate’s commitment to providing safe, inclusive public spaces for women.

New tool helps UAE restaurants compare supplier prices instantly

HeadsUp’s platform addresses a longstanding industry gap by providing market-wide insights into supplier pricing, helping operators benchmark costs and optimise procurement decisions

Rajiv Pillai
Rajiv Pillai

28 April, 2026

New tool helps UAE restaurants compare supplier prices instantly
Image: Supplied

TT

16

HeadsUp, a technology company specialising in procurement and pricing intelligence for the food and beverage (F&B) industry, has launched in the United Arab Emirates (UAE), offering its platforms free of charge as operators face rising costs and supply chain pressures.

The move comes as geopolitical uncertainty and cost volatility increase the need for real-time pricing visibility across the sector. HeadsUp’s platform addresses a longstanding industry gap by providing market-wide insights into supplier pricing, helping operators benchmark costs and optimise procurement decisions.

By combining real purchasing data with artificial intelligence (AI), the platform enables businesses to compare pricing across suppliers in the UAE, identify inefficiencies, and reduce reliance on manual tracking processes.

As part of the launch, HeadsUp has made its Pepper platform, designed for independent and small and medium-sized enterprises (SMEs), and Benchmarket, built for enterprise groups, fully accessible at no cost, lowering barriers to adoption at a critical time for the industry.

“This wasn’t the timing we had planned,” said Sven Tietz, co-founder and chief executive officer of HeadsUp. “But as the situation evolved, it became clear how much pressure the industry is under and we had the tools to help operators better understand and manage their costs today.”

He added: “It’s a vote of confidence in the future of the industry in the UAE, and a decision to show up and support the market during one of its most difficult times. We’re carrying the cost of making the platform available because we believe in the leadership of the UAE, in the F&B industry and in the resourcefulness and staying power of its people. When the current situation passes, the industry has a bright and exciting future ahead which we’re looking forward to being an integral part of.”

While the platform is expected to transition to a commercial model in the future, the company’s immediate focus is on supporting operators and building a shared intelligence ecosystem to improve cost transparency and procurement efficiency.

HeadsUp is already operational in South Africa, where it is used by F&B operators purchasing at scale. Insights from these deployments have informed the platform’s development, enabling it to address practical procurement challenges.

The UAE launch is expected to enhance pricing transparency across the F&B ecosystem, enabling operators to identify inconsistencies, protect margins, and make more informed purchasing decisions in an increasingly complex operating environment.

Dubai Police rolls out electric patrol vehicles

The VOYAH FREE operates primarily on electric power through dual electric motors, supported by a high-efficiency petrol generator that recharges the battery to extend driving range

Rajiv Pillai
Rajiv Pillai

28 April, 2026

Dubai Police rolls out electric patrol vehicles

TT

16

Dubai Police has introduced the VOYAH FREE extended range electric vehicle (EREV) into its patrol fleet, in collaboration with Performance Plus Motors, marking a step towards smart and sustainable mobility solutions.

The addition reflects ongoing efforts to integrate advanced, low-emission vehicles into frontline operations, supporting the UAE’s broader sustainability and smart mobility agenda.

The VOYAH FREE operates primarily on electric power through dual electric motors, supported by a high-efficiency petrol generator that recharges the battery to extend driving range. This Extended Range Electric Vehicle (EREV) system enables long-distance travel without the need for frequent charging.

The two patrol vehicles were unveiled by Major General Rashid Khalifa Al Falasi, Director of the General Department of Transport and Rescue, at Dubai Police headquarters, in the presence of senior officials from both Dubai Police and Performance Plus Motors.

The vehicle offers a combined driving range of up to 1,357 kilometres under the China Light-Duty Vehicle Test Cycle (CLTC) standard, with a dual motor all-wheel drive system producing 360 kilowatts (kW) of power, equivalent to 483 horsepower, and 720 Newton metres (Nm) of torque. It accelerates from 0 to 100 kilometres per hour (km/h) in 4.5 seconds.

Designed for operational flexibility, the VOYAH FREE features adjustable air suspension with up to 100 millimetres (mm) of lift, along with a triple-screen cabin and a luggage capacity ranging from 560 to 1,320 litres.

Major General Al Falasi highlighted the role of such initiatives in enhancing operational efficiency while supporting environmental goals, noting that Dubai Police continues to adopt eco-friendly transport solutions to strengthen its presence across the emirate.

Mohamed Elzawawy, general manager of Performance Plus Motors, said: “This partnership goes beyond vehicle delivery. It is about building long term collaboration around smart, responsible mobility. VOYAH’s EREV technology offers an ideal balance between electric efficiency and extended range, making it a strong fit for fleet operations and a meaningful contributor to the UAE’s transition towards cleaner transportation.”

The move underscores Dubai Police’s focus on leveraging advanced automotive technologies to support both operational performance and sustainability objectives, as the emirate continues to position itself at the forefront of smart mobility innovation.

Rising fuel costs drive surge in demand for EVs, hybrid vehicles in UAE: Dubizzle

This sustained uplift signals more than short-term curiosity, pointing instead to a structural shift in how buyers are evaluating vehicle ownership

Neesha Salian
Neesha Salian

28 April, 2026

Rising fuel costs drive surge in demand for EVs, hybrid vehicles in UAE: Dubizzle
Images: Supplied

TT

16

Rising fuel costs are accelerating a shift towards electric and hybrid vehicles in the UAE, with new data showing a sharp increase in consumer interest as buyers prioritise efficiency and long-term savings.

Engagement with electric vehicles (EVs) rose by 24 per cent in the first week of April, significantly outpacing the 5 per cent growth seen in gasoline and diesel segments, according to data from dubizzle.

The increase points to a broader structural change in purchasing behaviour rather than short-term demand, as consumers reassess the total cost of vehicle ownership amid volatile fuel prices driven by geopolitical developments.

The EV segment is seeing growing traction across a range of global and emerging brands, including Tesla, Xiaomi and BYD, reflecting a diversification of consumer preferences and openness to newer market entrants.

Image: dubizzle

Hybrid vehicles are gaining ground, shows dubizzle data

Hybrid vehicles are also gaining ground, recording 8 per cent growth, particularly among buyers seeking a transitional option that combines fuel efficiency with practicality.

“Rising fuel costs are accelerating a shift that was already underway,” said Haider Khan, CEO of dubizzle and CEO of Dubizzle Group MENA. “What we’re seeing now is a more decisive move from consumers towards vehicles that offer long-term efficiency and cost control. Electric and hybrid models are no longer niche considerations; they are becoming central to how buyers evaluate value in today’s market.”

The data suggests that buyers are becoming more deliberate in their purchasing decisions, spending more time comparing listings and saving searches, indicating a shift towards research-driven behaviour.

Demand remains broad-based across price segments, with higher-value vehicles showing a recovery of up to 23 per cent. However, interest in more affordable options is also rising, with page views for vehicles priced under Dhs100,000 increasing by 4 per cent.

Brand preferences are also shifting, with Japanese and Chinese manufacturers gaining engagement and outperforming German brands by the end of March, highlighting a move towards value-oriented choices.

The findings underscore a wider recalibration in the UAE automotive market, as consumers place greater emphasis on efficiency, total cost of ownership and long-term value, positioning electric and hybrid vehicles as central to future demand.

ADNOC to invest tens of billions to build US gas business, FT reports

ADNOC’s overseas investment arm XRG is reviewing 29 potential deals as it looks to build a vertically integrated US gas business, from production and pipelines to LNG and end-user supply.

Reuters
Reuters

28 April, 2026

ADNOC to invest tens of billions to build US gas business, FT reports

TT

16

Abu Dhabi National Oil Company is planning to invest tens of billions of dollars to build a natural gas business in the United States, the Financial Times reported on Tuesday.

Nameer Siddiqui, the newly appointed chief investment officer of ADNOC’s overseas investment arm XRG, told the newspaper that the company is reviewing 29 potential deals aimed at creating a vertically integrated global gas business.

The strategy is to diversify XRG’s commodity exposure by operating across the entire gas value chain, Siddiqui added.

XRG is weighing options to create a business that would meet rising global demand for liquefied natural gas and the growing US demand to power data centres, the report said.

Potential investments could include everything from “getting gas out of the ground, owning the pipes and the processing plants and all the way to liquefaction facilities to put gas on water and potentially even owning the re-gas facilities and pipelines to end users in destination countries,” he said.

Asked about XRG’sfinancial capacity given the challenges linked to the Iran war, Siddiqui reaffirmed the company’s commitment to deploy tens of billions of dollars into the US energy value chain.

“This is unwavering, although obviously we will only do that under the right return expectations. The US is a market where we want to be bold.

More news in energy