iShares MSCI UAE ETF

UAE

Market cap $293M

J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. ​companies once it is in a position ‌to pump more oil after the country decided to leave the Organization of Petroleum Exporting Countries group.

Oil inventories at the key United Arab Emirates storage hub in Fujairah have extended their sharp decline, falling 6.3% week-on-week to 6.982 million barrels.

The United Arab Emirates will exit OPEC on May 1. European bank earnings top forecasts, but Airbus misses expectations.

Suhail Al Mazrouei, the UAE's Energy Minister speaks to CNBC's Dan Murphy following the country's announcement it will leave OPEC. The Minister described the move as a "pure policy change", dismissing suggestions it is a rejection of production cuts led by Saudi Arabia.

The United Arab Emirates is leaving OPEC on May 1, dealing a blow to the group and its leader Saudi Arabia. UAE Energy Minister Suhail Al Mazrouei tells Bloomberg's Joumanna Bercetche that the timing is right because of the war in Iran.

Though the Middle Eastern nation did not give a reason for its exit, some of its oil infrastructure was recently damaged by drone strikes from fellow OPEC member Iran.

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Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on ​spillovers from the U.S.-Israel war with Iran right on its doorstep.

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The iShares MSCI UAE ETF (UAE) remains a buy, supported by robust macro fundamentals, cheap valuations, and strong momentum. UAE's GDP growth prospects are set to improve even further in 2026, and are underpinned by strength from the non-oil sector, with the financial sector too seeing alluring opportunities. Despite price appreciation in recent months, UAE's dividend yield has risen to 3.57%, with top holdings maintaining attractive payout and dividend growth profiles.