UAE air defense system activated
On the morning of May 8, the UAE Ministry of Defense announced the activation of its air defense system, which is engaged in intercepting missiles and drones.
UAE
UAE to supply Japan 20 mln barrels of oil bypassing Strait of Hormuz
The Japanese government has reached an agreement with the UAE on additional supplies of 20 mln barrels of oil that will be transported without using the route through the effectively blocked Strait of Hormuz, Nikkei reported.
US submits draft UNSC resolution on Strait of Hormuz navigation
The United States has submitted to the UN Security Council a draft resolution on protecting freedom of navigation in the Strait of Hormuz, under the pretext of combating an alleged threat emanating from Iran.
UN Security Council to hold closed-door consultations following strikes on UAE
Yesterday, the UAE Ministry of Defense reported the interception of several missiles and UAVs from Iran
Iranian FM says no military solution to US political crisis
Iranian Foreign Minister Seyed Abbas Araghchi said on Tuesday that events in the Strait of Hormuz make clear that there's no military solution to a political crisis.
Tehran bans ships from crossing Hormuz without Iranian army's permission
Iran’s armed forces continue to control the Strait of Hormuz and are urging all vessels to refrain from transiting the waterway without coordination with Tehran, commander of Iran’s Khatam al-Anbiya Headquarters Ali Abdollahi said.
UAE withdraws from another international organization
The United Arab Emirates withdrew from the Organization of Arab Petroleum Exporting Countries (OAPEC) from May 1, the organization said in a statement.
OPEC meeting to take place without UAE participation - media
According to a source, the UAE may not participate in the next OPEC+ meeting. The organization's countries may also exclude Abu Dhabi from quota allocations.
UAE says air traffic back to normal
The UAE's aviation authority said air traffic in the country has returned to normal, the state news agency reported on Saturday, after precautionary measures implemented on February 28 at the start of the Iran war were lifted.
Saudi Arabia boosts revenue due to Hormuz blockade
The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the UAE seeing a drop in petrodollar income, Bloomberg reported.
Deep crisis seen on global oil market - Novak
The global oil market is experiencing a deep crisis, with large volumes of oil not reaching the market, Russian Deputy Prime Minister Alexander Novak said.
Russia not planning to leave OPEC plus - Kremlin
Russia is not considering exiting the OPEC+ format, Kremlin Spokesman Dmitry Peskov said.
UAE exit from OPEC to hinder Saudi Arabia's influence on oil prices - report
The United Arab Emirates exit from OPEC would be painful for the oil cartel, undermining Saudi Arabia’s ability to influence global oil prices through it, the Canadian newspaper The Globe and Mail said.
UAE Foreign Ministry comments on decision to exit OPEC and OPEC plus
The United Arab Emirates decision to leave OPEC is a "sovereign, strategic choice" based on the country's long-term economic vision, UAE Foreign Ministry communications director Afra Mahash Al Hameli said.
UAE to leave OPEC and OPEC plus
The United Arab Emirates decided to exit from OPEC and OPEC+ from May 1 of this year, WAM state agency said.
Iraq intends to remain in OPEC
The UAE's state news agency WAM reported that the UAE intends to leave OPEC and OPEC+
Russian and UAE FMs discuss situation in Hormuz
The situation around the Strait of Hormuz was the focus of a phone call between the Russian and UAE foreign ministers, Sergey Lavrov and Abdullah bin Zayed al-Nahyan, the Russian foreign ministry said.
Iran may cause digital catastrophe in Middle East - report
Iran’s Islamic Revolutionary Guard Corps (IRGC) is prepared to damage undersea internet cables lying on the seabed of the Strait of Hormuz, a move that could trigger severe economic consequences for the countries of the Middle East.
Russia cancels restrictions on flights to UAE going through Iran
The Federal Air Transport Agency (Rosaviatsiya) has canceled its recommendations to suspend ticket sales for flights to the United Arab Emirates and also lifted restrictions on the use of Iranian airspace, the agency announced.
UAE invested 405 million dollars in Azerbaijan last year
Last year, the investment made by the UAE in Azerbaijan has been disclosed. The volume of investments amounted to almost $405 million.
