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commerce
shāng yè
商业
·HSK 4

UAE / the United Arab Emirates
Āliányù
阿联酋
to announce / to declare
xuānbù
宣布
to withdraw from / to leave
tuìchū
退出
OPEC / Organization of Petroleum Exporting Countries
Ōupèikè
欧佩克
sixty years
liùshí nián
六十年
membership / member status
chéngyuán
成员
relationship / ties
guānxi
关系
from this point on / hereby
jiùcǐ
就此
to come to an end / conclusion
zhōngjié
终结

UAE / the United Arab Emirates
Āliányù
阿联酋
to announce
xuānbù
宣布
will [future marker]
jiāng
on / at [a specific time]
May 1st
wǔ yuè yī rì
五月一日
to withdraw from
tuìchū
退出
OPEC
Ōupèikè
欧佩克
and / as well as
OPEC+
Ōupèikè jiā
欧佩克加
alliance / coalition
liánméng
联盟
to end / to conclude
jiéshù
结束
lasting as long as
chángdá
长达
sixty years
liùshí nián
六十年
structural particle
de
membership
chéngyuán
成员
relationship
guānxi
关系
this move / this action
cǐ jǔ
此举
occurs / happens amid
fāshēng zài
发生在
Iran
Yīlǎng
伊朗
war / conflict
zhànzhēng
战争
continuing / ongoing
chíxù
持续
to disrupt / to disturb
rǎoluàn
扰乱
Strait of Hormuz
Huòěrmùzī Hǎixiá
霍尔木兹海峡
global / worldwide
quánqiú
全球
oil / petroleum
shíyóu
石油
market
shìchǎng
市场
turbulence / instability
dòngdàng
动荡
at the time of / during
zhī jì
之际

April 29, 2026 at 2:00 AM

UAE / the United Arab Emirates
Āliányù
阿联酋
government
zhèngfǔ
政府
on [a specific date]
April 28
sì yuè èrshíbā rì
四月二十八日
officially / formally
zhèngshì
正式
to announce
xuānbù
宣布
will [future marker]
jiāng
on
May 1st
wǔ yuè yī rì
五月一日
to withdraw from / to exit
tuìchū
退出
OPEC / Organization of Petroleum Exporting Countries
Ōupèikè
欧佩克
UAE
Āliányù
阿联酋
is / are
shì
OPEC
Ōupèikè
欧佩克
the third largest
dì sān dà
第三大
oil-producing country
chǎn yóu guó
产油国
approximately / about
yuē
to account for / to make up
zhàn
the said / that
gāi
organization
zǔzhī
组织
total production / total output
zǒng chǎnliàng
总产量
structural particle
de
twelve percent / 12%
bǎifēnzhī shíèr
百分之十二
this / this instance
cǐ cì
此次
withdrawal
tuìchū
退出
marks / signifies
biāozhìzhe
标志着
UAE
Āliányù
阿联酋
lasting as long as
chángdá
长达
sixty years
liùshí nián
六十年
structural particle
de
OPEC
Ōupèikè
欧佩克
member / membership
chéngyuán
成员
history
lìshǐ
历史
to declare / to signal
xuāngào
宣告
coming to an end
zhōngjié
终结
UAE
Āliányù
阿联酋
official / government official
guānyuán
官员
to state / to indicate
biǎoshì
表示
withdrawing from
tuìchū
退出
OPEC
Ōupèikè
欧佩克
aims to / is intended to
zhǐzài
旨在
to pursue
zhuīqiú
追求
new
xīn de
新的
independent
dúlì
独立
energy
néngyuán
能源
strategy
zhànlüè
战略
better / more effectively
gèng hǎo de
更好地
to safeguard / to protect
wéihù
维护
the country / its own national
běnguó
本国
interests / benefits
lìyì
利益
UAE
Āliányù
阿联酋
and / with
OPEC
Ōupèikè
欧佩克
leading member / dominant member
lǐngtóu guó
领头国
Saudi Arabia
Shātè Ālābó
沙特阿拉伯
between
zhījiān
之间
long-term / for a long time
cháng qī
长期
exist / there are
cúnzài
存在
disagreements / differences
fēnqí
分歧
mainly / primarily
zhǔyào
主要
centered on / focused on
jízhōng zài
集中在
production volume
chǎnliàng
产量
quota
pèi é
配额
allocation / distribution
fēnpèi
分配
issue / problem
wèntí
问题
on / regarding
shàng
this / this instance
cǐ cì
此次
withdrawal
tuìchū
退出
occurs amid / happens against a backdrop of
fāshēng zài
发生在
Strait of Hormuz
Huòěrmùzī Hǎixiá
霍尔木兹海峡
crisis
wēijī
危机
continuing / ongoing
chíxù
持续
structural particle
de
in the context of / against the backdrop of
bèijǐng xià
背景下
Iran
Yīlǎng
伊朗
war / conflict
zhànzhēng
战争
causes / makes
shǐ
使
global / worldwide
quánqiú
全球
oil / petroleum
shíyóu
石油
market
shìchǎng
市场
turbulence / instability
dòngdàng
动荡
to worsen / to intensify
jiājù
加剧
analysts
fēnxī rénshì
分析人士
believe / consider
rènwéi
认为
UAE
Āliányù
阿联酋
structural particle
de
departure / leaving
líkāi
离开
will
jiāng
further / to a greater extent
jìn yī bù
进一步
to weaken / to undermine
xuēruò
削弱
OPEC
Ōupèikè
欧佩克
over / regarding
duì
international
guójì
国际
oil prices
yóujià
油价
structural particle
de
to regulate / to control
tiáokòng
调控
ability / capacity
nénglì
能力

New Words

Kěnní yà
肯尼亚
Kenya
nóngè xiàndàihuà
农业现代化
agricultural modernization
nóngè jìshù
农业技术
agri-tech
guàngài
灌溉
irrigation
nóngmín
农民
farmer
nóngè róngrùshī
农业融资
agricultural financing
zhǒngzi
种子
seed
féiliào
肥料
fertilizer
shìchǎng zhǔnrù
市场准入
market linkage
tiānqì yùbào
天气预报
weather forecasting

News in English

Business

UAE Announces Withdrawal From OPEC, Ending Six Decades of Membership

The UAE announced it will leave OPEC and OPEC+ on May 1, ending sixty years of membership. The move comes as the Iran war continues to disrupt global oil markets.

Kenya announced agricultural modernization program to enhance crop yields and support rural farmer incomes. The government committed 15 billion shillings for agri-tech innovation, irrigation development, and agricultural financing programs.

Smallholder farmers received support for improved seed varieties, fertilizer access, and modern farming techniques. Government agricultural extension services expanded to provide technical guidance and market information to farming communities.

Agricultural financing programs reduced barriers for farmers to access capital for seasonal inputs and equipment. Market linkage initiatives connected farmers directly to buyers reducing intermediaries and improving farmer income.

Agricultural diversification programs promoted high-value crops including horticulture and livestock production. Technology adoption including mobile-based market information systems and weather forecasting improved farmer decision-making and risk management.

More in Business

data
shùjù
数据
analysis
fēnxī
分析
company
gōngsī
公司
EXL (data analytics company)
EXL
EXL
to announce
xuānbù
宣布
to acquire
shōugòu
收购
artificial intelligence
rén gōng zhì néng
人工智能
training
xùnliàn
训练
company
gōngsī
公司
iMerit (AI training company)
iMerit
iMerit

Data Analytics Firm EXL to Acquire AI Training Company iMerit for Up to $310 Million

MSCI (financial data company)
Míngshèng
明晟
for / at (a price)
$120 million
1.2 yì měiyuán
1.2亿美元
to acquire / acquisition
shōugòu
收购
climate
qìhòu
气候
risk
fēngxiǎn
风险
data
shùjù
数据
company
gōngsī
公司
First Street (climate data company)
First Street
First Street

MSCI Acquires Climate Risk Data Firm First Street for $120 Million

Samsung (company)
Sānxīng
三星
to announce
xuānbù
宣布
within ten years
shí nián nèi
十年内
in / at
zài
South Korea
Hánguó
韩国
to invest
tóuzī
投资
$648 billion
6480 yì měiyuán
6480亿美元

Samsung Pledges $648 Billion Investment in South Korea Over Next Decade

fourth
dì sì jiè
第四届
China
zhōngguó
中国
international
guójì
国际
supply chain
gōngyìng liàn
供应链
expo
bólǎn huì
博览会
in
zài
Beijing
běijīng
北京
opens
kāimù
开幕

Fourth China International Supply Chain Expo Opens in Beijing