The UAE is leaving OPEC and OPEC+

About this episode

The episode discusses the implications of the UAE leaving OPEC and OPEC+, along with insights on Primark's expansion and challenges faced by luxury restaurants in Dubai.

29 Apr 2026. The UAE Energy Minister called it a policy driven evolution aligned with long term market fundamentals. But what does leaving OPEC after more than five decades actually mean for the UAE's oil production and revenues? Matt Stanley and economist Daniel Richards join us with the analysis. Plus, three Primark stores in under two months - we speak to the Vice President of Primark at Alshaya Group ahead of the Mall of the Emirates opening on May 21. Dubai Taxi Company is growing its fleet and we find out why. And luxury restaurants are struggling amid a dip in tourist numbers - but could this conflict actually be the reset the sector needed? We get analysis from the founder of Il Borro and Josette. See omnystudio.com/listener for privacy information.

People in this episode

Guests: Matt Stanley, Daniel Richards

Topics covered

• UAE oil production
• OPEC departure
• Primark expansion
• Dubai Taxi Company growth
• luxury restaurant challenges
• tourism impact

Keywords

• UAE
• OPEC
• oil production
• Primark
• Dubai Taxi Company
• luxury restaurants
• tourism
• economy

Mentioned in this episode

Organizations: OPEC, Primark, Alshaya Group, Dubai Taxi Company, Il Borro

Places: Mall of the Emirates

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