Berliner Boersenzeitung - Sheikh Mohamed bin Zayed becomes UAE president after brother's death

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Sheikh Mohamed bin Zayed becomes UAE president after brother's death
Sheikh Mohamed bin Zayed becomes UAE president after brother's death / Photo: Hamad AL-KAABI - Ministry of Presidential Affairs - Abu Dhabi/AFP

Sheikh Mohamed bin Zayed becomes UAE president after brother's death

The UAE's long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan was named as president on Saturday, confirming his rise to power a day after the death of former leader Sheikh Khalifa.

Text size:

The 61-year-old, who has run the oil-rich Gulf state from behind the scenes since his half-brother was sidelined by ill health in 2014, was "unanimously elected" by rulers of the country's seven emirates, the official WAM news agency said.

His ascension was widely expected. It came after he led funeral prayers and helped carry the body of Sheikh Khalifa, 73, who was buried at Abu Dhabi's Al Bateen cemetery after a simple ceremony on Friday.

Sheikh Mohamed now takes formal control of the desert country of 10 million -- most of them expatriates -- whose profile has been steadily rising.

He also succeeded Sheikh Khalifa as ruler of Abu Dhabi, which sits on 90 percent of the United Arab Emirates' oil wealth.

US President Joe Biden congratulated his "long-time friend" and Russian President Vladimir Putin also welcomed his appointment. Syrian leader Bashar al-Assad, who visited the UAE in March, sent a gushing tribute.

Under the low-key direction of Sheikh Mohamed, the third son of founding president Sheikh Zayed bin Sultan Al Nahyan, the UAE has put a man into space, sent a probe to Mars and opened its first nuclear reactor, while using its oil-funded clout to develop a more assertive foreign policy.

Closely allied with Saudi Arabia, it has emerged as a leader of a reshaped Middle East since the retreat of traditional Arab powers and the reduced involvement of the United States, forging ties with Israel and joining a Saudi-led war against Iran-backed militants in Yemen.

- 'Running the show' -

As Sheikh Mohamed took office, flags were at half-mast around the UAE and businesses and government offices closed for three days as the country enters a 40-day period of mourning for Sheikh Khalifa, who had ruled since 2004.

Images of the late sheikh stared down from billboards and road signs on major highways. His death drew condolences from Biden, Britain's Queen Elizabeth, Israel's Prime Minister Naftali Bennett and Iran, demonstrating the UAE's diverse allegiances.

France's President Emmanuel Macron is to travel to Abu Dhabi on Sunday to pay tribute to the late Emirati leader and show support for the new president, his office announced.

Egyptian President Abdel Fattah al-Sisi is also headed to the UAE, along with Sudan’s de facto leader Abdel Fattah al-Burhan.

Neighbouring Saudi Arabia has put sports and entertainments on hold and several countries have announced periods of mourning.

Sheikh Mohamed, who is often known as "MBZ" and was named crown prince of Abu Dhabi in November 2004, has also been serving as deputy commander of the armed forces and chairman of the Executive Council of Abu Dhabi, which controls the emirate's substantial finances.

The UAE, a former British protectorate, has gone from desert outpost to booming state in its short history, fuelled by its oil wealth and Dubai's rise as a trading and financial centre.

Sheikh Mohamed took a leading role after Sheikh Khalifa retreated from public view in 2014, when he had surgery after a stroke. The cause of his death was not announced.

The new president is likely to face greater competition to UAE's status as the regional financial hub, particularly from Saudi Arabia, and may toughen its stance on Iran, analysts say.

But "functionally it changes little; MBZ has been running the show almost from the get-go", tweeted Ryan Bohl, a Middle East analyst at Stratfor Worldview.

(L.Kaufmann--BBZ)