UAE to exit OPEC and OPEC+ alliances on May 1, 2026

The United Arab Emirates will exit the Organisation of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance on May 1, 2026, the state news agency WAM said in a statement, a move that allows for a more flexible production policy in a highly sensitive energy market. The decision follows…

Gold poised to surpass US$ 5,000 an ounce: Economist

Economist Mohamed Salah explained that gold prices have been relatively stable recently, following a decrease in speculative trading and the influence of algorithms, which has largely returned the market to its normal trajectory. In a Sunday interview with Al Arabiya Business, he explained that gold is now moving according to…