Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region
The United Arab Emirates’ decision to walk out of Opec is a political as much as business decision, and will reignite the simmering rows between the UAE and Saudi Arabia – which had been covered up by their shared anger with Iran over its attacks on the Gulf states since the start of the US-Israel war on Tehran.
In the short term, leaving the oil producing cartel it joined in 1967 gives the UAE the freedom to respond quickly to a long-term prospect of constrained supplies, and to maximise profit. But it is a decision the UAE has considered before, as UAE and Saudi tensions over production quotas have been longstanding.
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© Photograph: Fadel Senna/AFP/Getty Images
© Photograph: Fadel Senna/AFP/Getty Images
© Photograph: Fadel Senna/AFP/Getty Images
US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices
The United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, as global energy markets contend with the biggest supply crisis in history.
The shock loss of the UAE, Opec’s third-largest oil producer, is expected to weaken the group, which for decades has worked together to use its collective oil production to influence global oil market prices.
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© Photograph: Giuseppe Cacace/AFP/Getty Images
© Photograph: Giuseppe Cacace/AFP/Getty Images
© Photograph: Giuseppe Cacace/AFP/Getty Images
The RSF leadership, accused of committing genocide, used UAE as a ‘safe haven’ for family members and their wealth, records show
A network linked to the leadership of a militia accused of genocide has amassed a vast property portfolio in Dubai as part of a sprawling “paramilitary-industrial complex” across Africa and the Middle East, an investigation has revealed.
Family members, sanctioned individuals, and entities linked to the leader of Sudan’s Rapid Support Forces (RSF), Mohamed Hamdan Dagalo, known as Hemedti, have acquired more than 20 luxury properties, worth £17.7m, in the United Arab Emirates (UAE), according to the Sentry, a US investigative group.
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© Photograph: Abdel Hadi Ramahi/Reuters
© Photograph: Abdel Hadi Ramahi/Reuters
© Photograph: Abdel Hadi Ramahi/Reuters
Journalist Will Coldwell tells the story of how a British businessman was imprisoned in Dubai – and how his family finally got him home
When Albert Douglas found out he was facing a long prison sentence in Dubai, he tried to escape the UAE … and failed. What followed was years of court proceedings, time in prison and even, Douglas says, beatings and torture.
In recent years, scores of business owners, unsuspecting tourists and influencers have been detained in Dubai – caught up in an opaque legal system, charged with breaking laws they may not even have been aware of.
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© Photograph: Greg Funnell/The Guardian
© Photograph: Greg Funnell/The Guardian
© Photograph: Greg Funnell/The Guardian
China’s President Xi Jinping met with Russian Foreign Minister Sergei Lavrov on Wednesday, Chinese state media said, as a string of leaders of countries impacted by the Middle East war flock to Beijing.
Lavrov joins Spanish Prime Minister Pedro Sanchez, Abu Dhabi’s Crown Prince Mohamed bin Zayed Al Nahyan and Vietnamese leader To Lam in meeting with Xi this week.
The Russian diplomat told a news conference after meeting Xi that Moscow could “compensate” for China’s energy shortages as shipping through the Strait of Hormuz remains choked by the Iran war.
Xi, meanwhile, has sought to position China as a mediator and stable partner in the face of the US- and Israeli-led conflict.
Xi told Abu Dhabi’s crown prince on Tuesday that China would play a “constructive role” in promoting peace talks in the Middle East.
In talks with Spain’s Sanchez, Xi warned that the world was facing “chaos and turmoil” and “a contest between justice and force”, urging closer cooperation.
The Spanish prime minister, meanwhile, welcomed China’s role in seeking to resolve the conflict in the Middle East.
Though the level of diplomatic activity is normal for Beijing, the Middle East war and particularly the issue of energy security have taken on new urgency in diplomatic discussions, according to Dylan Loh, associate professor at Singapore’s Nanyang Technological University.
“China has got leverage and influence over Iran, and there are some hopes and expectations that China can use this influence in a more direct way,” Loh said.
Countries, particularly in the Gulf, could be hoping China can pressure Iran to stop its attacks on Gulf countries and to persist with diplomatic negotiations, he said.
The string of visitors “demonstrates that various actors are adjusting to the realities of an uncertain world. Engaging with the PRC, including over areas of difference, is part of this adjustment”, according to Ja Ian Chong, a political scientist at the National University of Singapore.
While many visits were likely planned before the Middle East crisis, those from Gulf countries’ representatives and Lavrov “seem more of a direct result of the conflict and the desire to de-escalate”, Chong said.
Lavrov, who is on a two-day visit to China to boost bilateral ties, said Russia could help China with energy resources following the blockade of the Strait of Hormuz.
China is a net importer of oil and has seen prices for petrol, plastics, and fertilisers spike due to the war.
“Russia can, without doubt, compensate for the shortfall in resources that has arisen both for the PRC and for other countries that are interested in working with us”, Lavrov said during a news conference in Beijing, Russian state media reported Wednesday.
But “Moscow and Beijing’s interests may diverge somewhat on the war in Iran”, according to Chong.
High energy prices are disruptive for China’s economy, but can help Moscow fund its war in Ukraine, Chong said.
During his meeting with Lavrov at Beijing’s Great Hall of the People, Xi urged China and Russia to “give full play to the advantages of geographic proximity and complementarity, deepen all-round cooperation and raise the resilience of each other’s development”, according to a readout from Chinese state broadcaster CCTV.
“Both sides should maintain strategic focus, trust each other, support each other, develop together,” Xi said.
Lavrov told Xi that China-Russia relations “play a stabilising role in world affairs”, according to Russian state news agencies.
On Tuesday, Lavrov and Chinese Foreign Minister Wang Yi “conducted in-depth exchanges on the US-Iran conflict, the Asia-Pacific situation, the Ukraine crisis” and other issues, according to the Chinese foreign ministry.
They also discussed plans for a meeting between Putin and Xi, which Lavrov said would take place in the first half of this year.
Beijing and Moscow are close economic and political partners, and the relationship has deepened further since Russia’s invasion of Ukraine in 2022.
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