UAE Reassesses Multilateral Role Post-OPEC Exit, Rules Out Further Departures
UAE's Position and Future in Multilateral Organizations
DUBAI, April 29 (Reuters) - The United Arab Emirates is reassessing its role and contributions across multilateral organisations but is not considering any further withdrawals at this time, a UAE official told Reuters on Wednesday, a day after Abu Dhabi announced its withdrawal from OPEC.
Review of Multilateral Memberships
The Emirati official, who spoke on the condition of anonymity, said the country is reviewing the utility of its membership in multilateral organizations broadly.
Speculation on Further Exits
The statement comes amid intense speculation that Abu Dhabi could exit other regional bodies, including the Arab League and the Gulf Cooperation Council (GCC), following its surprise decision to leave the Organization of the Petroleum Exporting Countries and OPEC+ effective May 1.
Impact on Regional Relations
The exit of the UAE -- one of the group's biggest producers -- widens a rift between the UAE and its neighbour Saudi Arabia, which is effectively OPEC's leader.
Once firm allies, Abu Dhabi and Riyadh have developed a simmering rivalry, clashing on issues from oil policy and regional geopolitics to the race for foreign talent and capital.
Reassessment of Alliances
The comments add to a broader reassessment of alliances underway in Abu Dhabi since the start of the Iran war, with the GCC facing some criticism for what Abu Dhabi has called an inadequate response to the conflict.
"It is true that, logistically, the GCC countries supported each other, but politically and militarily, I think their position was the weakest in history," senior UAE official Anwar Gargash told a conference in the UAE on Monday.
"I expected such a weak position from the Arab League, and I am not surprised by it, but I have not expected it from the GCC, and I am surprised by it."
Strategic Autonomy and Economic Measures
Gargash had earlier signalled that the UAE would "scrutinize" its regional and international relations to "determine who can be relied upon", pairing that review with measures to strengthen the UAE's economic and financial position.
"Strategic autonomy remains the UAE's enduring choice," Gargash has said.
UAE's Foreign Policy and Regional Influence
The UAE is a regional business and financial hub and one of Washington's most important allies. It has pursued an assertive foreign policy and carved out its own sphere of influence across the Middle East and Africa.
Strengthening International Relationships
Having come under attack during the Iran war, the UAE has strengthened its relationships with the United States and Israel, with which it opened ties in the 2020 Abraham Accords.
Leveraging Ties with Israel and the US
It views the relationship with Israel as a lever for regional influence and a unique channel to Washington.
(Reporting by Maha El Dahan; Writing by Andrew Mills and Tala Ramadan; Editing by Aidan Lewis)
