Exterior images of the OPEC headquarters in Vienna, Austria, following the announcement from the United Arab Emirates that it will exit the oil producers’ cartel on Tuesday. Christian Bruna/Getty Images
A UAE official informed Xenix News on Wednesday that the United Arab Emirates is “not considering” any withdrawals from other multilateral organizations currently, following its exit from the oil cartel known as the Organization of the Petroleum Exporting Countries (OPEC).
Following the shift, there is speculation that the UAE, a regional powerhouse, might withdraw from other crucial organizations.
When questioned about the UAE’s potential withdrawal from other multilateral organizations, the official stated that the nation “is assessing the significance and effectiveness of its involvement and contributions overall.”
“The official stated that withdrawals are not being considered at this time.”
The announcement of OPEC’s withdrawal occurred simultaneously with the Gulf Cooperation Council’s (GCC) special meeting in Jeddah. The UAE representative informed Xenix News that the “meeting yesterday was an initial positive move forward,” but noted that “there remains a lot to be accomplished amid a delicate situation.”
The UAE belongs to several regional and global organizations, such as the Organization of Islamic Cooperation (OIC) and the League of Arab States. It is a significant US partner and is developing stronger connections with Israel.
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