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What's changing in the UAE this May and what it means for you

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Zainab Husain·about 1 month ago
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From AI hiring to new bank rules, key UAE changes residents must prepare for Last updated: April 30, 2026 | 16:09 AFP Dubai: Next month is shaping up to be a busy one for the UAE. From a historic energy policy decision to new banking rules and a welcome long weekend, several changes are coming into effect. Here is what residents and businesses need to know. 1. UAE exits OPEC and OPEC+ OPEC is an intergovernmental body founded in 1960 that coordinates oil production policies among some of the world's largest producers. The UAE's departure follows a review of its production strategy and reflects the country's ambitions to expand its own energy capacity independently, in line with its long-term economic goals. 2. AI system to screen work permit applicants The initiative, led by the Federal Authority for Identity and Citizenship in partnership with the Ministry of Human Resources and Emiratisation, aims to improve labour market efficiency and attract skilled professionals.…

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