UAE

UAE exits OPEC, plans 5 million barrels daily by 2027. Russia warns of oil glut if supply increases uncoordinated, though Strait of Hormuz tensions currently support prices.

UAE exits OPEC effective May 2026, removing production restrictions. As the third-largest OPEC producer, this could increase global oil supply and pressure crude prices while benefiting U.S. operators like ExxonMobil and Occidental Petroleum.

GCC data center market expanding rapidly: 111 existing facilities plus 72 planned additions through 2029. Saudi Arabia positioned to capture majority of new capacity growth.

Kuwait reduces oil production amid storage constraints from Strait of Hormuz disruptions. Iraq has halved output; Saudi Arabia and UAE face similar pressures within weeks.

Amazon shares fell 0.88% after a fire at a UAE AWS data center forced authorities to cut power, disrupting Middle East cloud services. Full restoration could take at least one day.

Middle East packaging machinery market projected to nearly double to $3.63B by 2035, driven by industrialization, e-commerce growth, and sustainable packaging demand across food, pharma, and consumer goods sectors.

Apollo Global invests $1B in UAE's Aldar Properties through subordinated hybrid notes, marking its fifth deployment and bringing total commitments to $2.9B.

Middle East prefab construction accelerates through 2029, driven by major infrastructure projects like NEOM and Vision 2030 goals. Labor shortages and sustainability demands boost adoption across residential, commercial, and industrial sectors.