UAE withdraws bid for 2026 World Bank-IMF meetings in favour of Qatar

The United Arab Emirates (UAE) has withdrawn its bid to host the 2026 World Bank and International Monetary Fund meeting and will instead support Qatar as a potential host, the office of Qatar's emir and the UAE's state news agency said on Sunday, in the latest sign of warming ties between the Gulf neighbours.

The decision came during a phone call between UAE President Sheikh Mohammed bin Zayed Al Nahyan and Qatar's emir Sheikh Tamim bin Hamad al-Thani, statements from state news agency WAM and the Amiri Diwan said.

In Sunday's phone call, Sheikh Mohammed pledged the UAE's support for Qatar's bid to host the meetings and "wished the Emir and the people of Qatar every success in hosting this global gathering," WAM's statement said.

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