United Arab Emirates & World Bank Group
16 shared events · Importance 5 · Last updated May 09, 2026
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International
United Arab Emirates: The United Arab Emirates announced its exit from OPEC after nearly 60 years, which could allow it to raise oil production once exports restart. This move complicates OPEC's efforts to balance the market.
World Bank Group: The World Bank Group acknowledged its limited ability to mitigate economic damage from geopolitical shocks, pledged financing assistance, and warned of a worsening global economic outlook due to the conflict.
Apr 02, 2026 · 45 articles
International
United Arab Emirates: The United Arab Emirates announced its withdrawal from OPEC and OPEC+, signaling discord among Gulf nations and impacting global oil exporting groups.
World Bank Group: The World Bank Group has forecast a significant surge in energy prices for 2026 if the disruptions from the Iran war continue, indicating the broad economic impact of the conflict.
Apr 28, 2026 · 47 articles
International
United Arab Emirates: The United Arab Emirates, as a Gulf Arab country, experienced significant crude production losses and a sharp decline in jet fuel exports.
World Bank Group: The World Bank Group warned against hoarding energy supplies or imposing export curbs, amid a significant shock to the global energy market.
Apr 08, 2026 · 307 articles
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