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UAE reviewing multilateral ties after OPEC exit but rules out more departures, official says - 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.
The Emirati official, who spoke on the condition of anonymity, said the country is reviewing the utility of its membership in multilateral organizations broadly.
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.
