Business News from Tuesday, April 28th, 2026

UAE announces decision to withdraw from OPEC and OPEC+

The United Arab Emirates announced on Tuesday its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026.
Microsoft, OpenAI change terms of deal so startup can court Amazon, others

Microsoft and OpenAI have renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models, clearing the way for the startup to forge new deals with rivals to the software and enterprise giant, including Amazon.

News

UAE petrol prices to go up in May
Motorists will have to pay more for petrol in May as prices continue to rise for the third month in a row.
UAE's supply chain system maintains efficiency: UAE minister
The UAE’s transport and supply chain system continues to operate efficiently, affirmed Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, adding that it reflects the country's "high level of resilience in addressing regional challenges".
UAE President holds talks with President of Iraq's Kurdistan Region
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held bilateral talks with Nechirvan Barzani, President of the Kurdistan Region of Iraq, in Abu Dhabi on Thursday.