Global Oil Prices—18th May 2026
The Gulf was plunged back into crisis Monday as a drone strike on the UAE's only nuclear power plant collapsed an already fragile US-Iran ceasefire, sending oil prices surging and ...
Tag: UAE
UAE Exits OPEC+ Group
The United Arab Emirates (UAE) announced Tuesday that it is withdrawing from OPEC and the broader OPEC+ alliance, effective May 1, ending a membership that stretches back more than half ...
UAE Firm Pledges $200M to Build Nigeria’s Defence and Tech Industrial Base
In what could mark a turning point for Nigeria's long-struggling defence manufacturing sector, a United Arab Emirates (UAE)-based investment firm has committed up to $200 million to develop a homegrown ...
UAE Pledges $500 Million in Humanitarian Aid as Sudan’s Civil War Deepens
The United Arab Emirates (UAE) announced a $500 million humanitarian aid commitment to Sudan on Wednesday, marking one of the largest single pledges amid the country's catastrophic civil war, now ...
UAE Tightens Remote Work Visa Requirements, Doubles Income Documentation Period
The United Arab Emirates (UAE) has moved to strengthen its Remote Working Visa program, introducing more stringent documentation requirements that signal a shift toward greater scrutiny of applicants seeking to ...
Nigeria Secures Landmark UAE Trade Agreement, Granting Tariff-Free Entry for Thousands of Products
Nigeria has signed a landmark Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) that will eliminate tariffs on thousands of products and create new business opportunities between ...
Nigeria Secures $1.2 Billion UAE Financing for Lagos–Calabar Coastal Highway
Nigeria has secured approximately $1.2 billion in financing from the United Arab Emirates to fund a critical 56-kilometer segment of the ambitious Lagos–Calabar Coastal Highway, the Presidency announced on Friday ...
UAE Hit by Heaviest Rain in Months as Flights Are Cancelled, Major Roads Flooded
Airport operations across the United Arab Emirates were disrupted on Friday after the country experienced its most intense rainfall in months, leading to widespread flight cancellations, delays, and severe flooding ...
Shell Commits to 12 Million Tons of New LNG Capacity Across Four Countries by 2030
Shell, the world's largest liquefied natural gas trader, announced a significant expansion of its global LNG infrastructure, revealing plans to add up to 12 million metric tons of additional capacity ...
Police Extradite Nigerian Fugitive from UAE Over Multi-Dollar Fraud Case
In a significant victory against transnational financial crime, the Nigeria Police Force has extradited Abubakar Aboki Muhammed, a Nigerian fugitive, from the United Arab Emirates. The extradition was successfully carried ...
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