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UAE to Leave OPEC and OPEC+ Starting May 1st

Abu dhabi: The United Arab Emirates (UAE) announced its decision to exit the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, effective May 1.

According to Qatar News Agency, this decision reflects the UAE’s long-term strategic an…

WB Predicts Energy Prices to Rise by 24 Percent This Year

Khartoum: The World Bank (WB) predicted Tuesday that energy prices will rise by 24 percent this year, reaching their highest levels since the start of the war in Ukraine four years ago. In its latest report on commodity market prospects, the World Ban…