UAE President Sheikh Khalifa bin Zayed has died at age 73

UAE President Sheikh Khalifa bin Zayed has died at age 73


The President of the United Arab Emirates, His Highness Sheikh Khalifa bin Zayed Al Nahyan, passed away on Friday May 13, 2022, the Ministry of Presidential Affairs announced. In this 2013 photo, he is greeted by Queen Elizabeth II and Prince Philip, the Duke of Edinburgh on the Royal Dais on April 30, 2013 in Windsor, England.

Dan Kitwood | Getty Images

DUBAI, United Arab Emirates ⁠— United Arab Emirates President Sheikh Khalifa bin Zayed al Nahyan has passed away at age 73, state news agencies said Friday.

Sheikh Khalifa was the Gulf country’s second president, serving since 2004. He is credited with helping to bring the UAE, a small desert sheikhdom of seven emirates, to global prominence and leading the country through turbulent times during the 2008 financial crisis.

“The Ministry of Presidential Affairs condoles the people of the UAE, the Arab and Islamic nation and the world over the demise of His Highness Sheikh Khalifa bin Zayed Al Nahyan, the president of the UAE,” a statement from state news agency WAM read.

“The Ministry of Presidential Affairs also announced that the UAE will observe a forty-day state mourning with the flag flown at half-mast starting today, and suspend work at all ministries, departments, and federal, local and private entities for three days,” WAM wrote in a tweet.

This is breaking news. Please check back for updates.



Source

U.S. Treasury yields edge higher as Iran war drives inflation pressure
World

U.S. Treasury yields edge higher as Iran war drives inflation pressure

U.S. Treasury yields edged slightly higher in early Friday trading as investors continue to navigate growing uncertainty over how the Middle East conflict is impacting the economy. The 10-year Treasury yield — the benchmark for U.S. government borrowing — rose 1.7 basis points to 4.3%. The yield on the 2-year Treasury note, which is more sensitive to […]

Read More
Banks eye three ECB rate hikes this year as former Governor says he sees no stagflation — yet
World

Banks eye three ECB rate hikes this year as former Governor says he sees no stagflation — yet

The Euro Sculpture at Willy-Brandt-Platz in the financial district of Frankfurt, Germany, on March 6, 2025. Bloomberg | Bloomberg | Getty Images Brokers now forecast multiple European Central Bank interest rate hikes this year as the specter of higher inflation and lower growth piles pressure on central banks to act.  J.P. Morgan, Morgan Stanley and […]

Read More
U.S. says Cuba is prohibited from taking Russian oil as two tankers head to island
World

U.S. says Cuba is prohibited from taking Russian oil as two tankers head to island

An old Soviet-era Lada car drives past a truck belonging to a private Cuban company (mipyme) parked in front of a gas station with an IsoTank of imported fuel in Havana on March 19, 2026. Adalberto Roque | Afp | Getty Images The U.S. Treasury Department has said Cuba won’t be allowed to take delivery […]

Read More