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Nation allocation: What does the UN spend its budget on?

Nation allocation: What does the UN spend its budget on?

United front?

This week, more than 140 world leaders and state representatives will arrive in New York to discuss a range of international issues — including the climate crisis, the economy of the global South, and the war in Ukraine — at the 78th session of the United Nations General Assembly. The annual summit will see global policy makers take to the stage in Tuesday’s high-level General Debate — although, notably, with fewer familiar faces.

Amongst the 5 nations in the Security Council (the US, China, Russia, France, and Britain), President Biden will be the only leader to attend the meeting, with Emmanuel Macron and Rishi Sunak both citing scheduling conflicts. Even so, this summit will be the first attended in-person by Ukrainian President Volodymyr Zelenskyy, who is seeking support against Russia’s invasion in tomorrow’s session.

First aid

Since being founded in 1945, the UN has aimed to gather its member states — of which there are now 195, compared with the 51 that signed the original UN Charter — to find shared solutions to global problems. However, as the world’s needs have changed significantly, so have the UN’s priorities.

While in 2010, the majority of the UN’s budget (44%) was issued to help developing countries, the allocation for humanitarian assistance has increased substantially in the last decade, nearly doubling from 23% in 2010 to 42% in 2021. Since then, global humanitarian needs have risen further to reach record levels: amid economic hardship, conflicts, and natural disasters, the UN reported in June that 360 million people globally require humanitarian assistance — up 30% since the start of 2022.

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US and Iran trade strikes overnight amid peace talks

Hours after President Donald Trump dismissed a report regarding a deal to restore traffic through the Strait of Hormuz, the US and Iran exchanged fresh strikes early on Thursday.

Despite an ongoing ceasefire as the countries hold talks to end the conflict, the US carried out new strikes inside Iran, The Guardian reports, prompting a retaliatory attack from Iran on a US airbase in Kuwait.

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Tom Jones

The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

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