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5 reasons why UAE’s exit from OPEC, OPEC+ is big for world markets, oil prices

Dubai: The UAE's decision to exit the Organization of the Petroleum Exporting Countries and the wider OPEC+ alliance from May 1, 2026 ends nearly six decades of participation in coordinated oil production policy.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The country joined OPEC in 1967 through Abu Dhabi and remained a member after the federation was formed in 1971. Alongside major Gulf producers, it has contributed to output from the Middle East, which ac...

OGold secures strategic investment from Plug and Play Ventures to accelerate global gold & silver ecosystem

Dubai: OGold, the UAE’s premier Shariah-compliant gold and silver-backed Super App, has secured a strategic investment from Plug and Play Ventures, the venture capital arm of a world-leading innovation platform and startup accelerator headquartered in Silicon Valley, which connects high-growth companies with global corporations, investors, and strategic opportunities to scale internationally. This institutional backing signals a transformative entry into the Middle Eastern fintech landscape, val...

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Spotify Shares Tank As Earnings Outlook Misses Expectations

BreakingBusinessSpotify Shares Tank As Earnings Outlook Misses ExpectationsByConor Murray,Forbes Staff. Murray is a Forbes news reporter covering entertainment trends.Follow AuthorApr 28, 2026, 09:41am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineSpotify shares dropped as much as 12% early Tuesday after the leading streaming service reported its first quarter earnings, which included a forecast for Q2 that is bel...

UAE to exit OPEC, OPEC+ amid Hormuz disruptions: What it means for world oil order

The Organization of the Petroleum Exporting Countries or OPEC is a group of major oil-producing nations. This group coordinates their petroleum production policies to help effectively manage global oil supply and influence crude prices.

Exit from OPEC aligns with long-term market fundamentals: UAE Energy Minister - Emirates 24|7

Exit from OPEC aligns with long-term market fundamentals: UAE Energy Minister  Emirates 24|7

Why are more colleges at risk of closing and how could it impact students?

College enrollment has been declining over the past decade and many institutions are struggling financially. At least 16 colleges and campuses announced their closures in 2025. CBS News contributor Roland Fryer explains what it means for students.

OpenAI Investors—Nvidia, Oracle, More—Fall After AI Giant Reportedly Misses Revenue Target

BreakingBusinessOpenAI Investors—Nvidia, Oracle, More—Fall After AI Giant Reportedly Misses Revenue TargetByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorApr 28, 2026, 09:24am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineShares of OpenAI’s investors and partners stumbled in early trading on Tuesday, after the Wall Street Journal reported the AI giant missed intern...

JetBlue to Deepen Cost Cuts as Quarterly Loss Widens

JetBlue Airways Corp. reported a larger than expected first-quarter loss on higher fuel costs and volatile demand. The carrier said it plans to recapture 30%-40% of fuel costs in the second quarter. Tom Fitzgerald of TD Cowen examines the results on “Bloomberg Surveillance.” (Source: Bloomberg)

Barclays Eyes Over 50% Recovery on MFS as Asset Hunt Uncertain

Barclays Plc hopes to get back much of the £500 million ($674 million) it lent to Market Financial Solutions Ltd. even as insolvency officials overseeing the now-collapsed mortgage lender remain uncertain on how much can be recovered.

Data Center-Linked Bonds Slide as OpenAI Report Fuels Worries

US corporate bonds linked to data-center firms fell Tuesday after the Wall Street Journal reported that OpenAI recently failed to meet its own goals for new user acquisition and sales, fueling internal concerns that the company may struggle to support its spending on artificial intelligence infrastructure.

United Arab Emirates to quit oil cartel Opec

United Arab Emirates to quit oil cartel OpecJust nowShareSaveAdd as preferred on GoogleBBCThe United Arab Emirates (UAE) has said it is quitting the Opec and Opec+ groups of major oil producing nations after nearly 60 years.The UAE said the decision reflected its "long-term strategic and economic vision and evolving energy profile".The decision is seen as a blow to the cartel with one analyst describing the exit as "the beginning of ther end of Opec".The Gulf state's ene...

Southwest CEO addresses rising fuel costs amid war with Iran and its impact on travelers

On average, domestic airfare is up about 18% compared to last year. A key factor is the surging fuel costs for airlines amid the war with Iran. Now, several low-cost carriers have asked the government for help as they grapple with the high cost of fuel. Kris Van Cleave spoke with Southwest's CEO about the impact of fuel costs.

UAE to quit Opec in blow to oil exporters’ cartel

Big win for Donald Trump, who has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices Business live – latest updatesThe United Arab Emirates has quit the Opec oil cartel in a heavy blow to the group and its de facto leader, Saudi Arabia, amid the global energy shock caused by the Iran war.The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreemen...

Barry Diller’s IAC to Change Name to ‘People Incorporated,’ Plans to Lay Off 77 Staffers in Consolidation of Corporate Functions

Thirty years after Barry Diller established IAC (InterActiveCorp.) as a media holding company, he announced that it will change its name to “People Incorporated” by its Q2 earnings in August. The name change is “to reflect its focus on its People publishing business and its stake in MGM Resorts,” the company said. IAC’s Dotdash Meredith […]

Morocco Spends $160 Million Monthly to Curb Fuel Price Surge

Marrakech – Morocco’s Economy and Finance Minister Nadia Fettah Alaoui told parliament on Monday that the government has been allocating MAD 1.6 billion ($160 million) per month since March 15 to soften the blow of rising fuel prices on Moroccan households. Addressing lawmakers during the weekly oral questions session at the House of Representatives, Fettah Alaoui acknowledged that surging pump prices are driving up transport and supply chain costs, directly eroding citizens’ purchasing po...

United Arab Emirates quits OPEC as Iran war raises gulf tensions

BREAKING NEWSApr. 28, 2026, 12:46 PM UTCEnergyEnergyUnited Arab Emirates quits OPEC as Iran war raises gulf tensions The UAE is the third largest oil producer in OPEC, behind Saudi Arabia and Iraq. Leaving the group is likely a precursor to increasing oil production.Listen to this article with a free account00:0000:00The Dubai skyline, including the Burj Khalifa skyscraper, center, in the United Arab Emirates. Christopher Pike / Bloomberg via Getty Images fileShareAdd NBC News to GoogleBy Steve...

Government rules out fuel price hike after assembly polls conclude tomorrow

Government rules out fuel price hike after assembly polls conclude tomorrow

What are today's mortgage interest rates: April 28, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 28, 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He wri...

2 दिन में 40% चढ़ा... कंपनी में एक शख्‍स की एंट्री, फिर रॉकेट बना स्‍टॉक!