US President Donald Trump has welcomed the UAE's decision to exit OPEC (Organisation of the Petroleum Exporting Countries), telling reporters on Wednesday that he thinks the move could help lower oil prices.
"I think it's great," Trump said when asked by reporters at the White House what he thought of the UAE's announcement.
He also commended UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on the decision, adding that he is a "great leader".
The UAE had announced on Tuesday that it would leave the organisation, keeping its national interests and market needs in mind.
"I think ultimately it's a good thing for getting the price of gas down, getting oil down, getting everything down," Trump said. "They're having some problems in OPEC."
Dubai activates comprehensive security plan for Eid Al Adha
National retreat showcases UAE Government’s Agentic AI project
UAE court jails man, fines AED 5 million for inciting underage marriage
UAE dispatches 100 tonnes of emergency supplies for Gaza
UAE urges Iraq to 'urgently' stop hostile acts from its territory
UAE President pardons 956 prisoners ahead of Eid Al Adha
UAE condemns Barakah nuclear plant attack in emergency UN meeting
UAE President hosts special ceremony for title-winning Al Ain FC team
UAE engages six drones in past 48 hours
UAE sends aid convoy with Eid clothing for Gaza children
UAE, Germany discuss regional developments and economic stability
UAE confirms readiness to respond to Ebola developments
UAE unveils AED 1 billion space cooperation programme
First look: Etihad Rail's Fujairah passenger station
Dubai Media Retreat drives next phase of industry growth
IAEA monitors developments at UAE's Barakah nuclear plant
H.H. Sheikh Mohammed: Journey towards UAE Government 4.0 has begun
UAE, UK ministers discuss strategic ties and regional developments
UAE scraps 15-day grace period for payment delays for private sector
