Business News from Sunday, May 10th, 2026

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Russian President Vladimir Putin on Saturday, during which they discussed various aspects of cooperation and joint efforts aimed at strengthening the strategic partnership between the two countries.

UAE Minister of State Lana Nusseibeh has held talks with International Maritime Organization Secretary-General Arsenio Dominguez on maritime security in the Strait of Hormuz and the Arabian Gulf.

The UAE's decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+) was a "sovereign strategic choice" and not "driven by political considerations", Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said on Saturday.