UAE strongman Sheikh Mohammed bin Zayed named new president

UAE strongman Sheikh Mohammed bin Zayed named new president


Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of the Emirate of Abu Dhabi.

Victoria Jones – PA Images | PA Images | Getty Images

The United Arab Emirates’ de facto leader Sheikh Mohammed bin Zayed al-Nahyan was elected president of the Gulf Arab state by a federal supreme council on Saturday, solidifying his rule over the OPEC oil producer and key regional player.

The council, which groups the rulers of the seven emirates of the UAE federation, elected Sheikh Mohammed, known as MbZ, a day after the death of his half-brother, President Sheikh Khalifa bin Zayed, who was also ruler of Abu Dhabi.

“We congratulate him and pledge allegiance to him as do our people…and the entire country will follow his leadership to glory,” Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum, who is also UAE vice-president and premier, said in a Twitter post.

MbZ, 61, had already been wielding power for years in a period when Sheikh Khalifa suffered bouts of illness, including a stroke in 2014.

He becomes president at a time when the UAE’s long-standing ties with the United States have been visibly strained over perceived U.S. disengagement from its Gulf allies’ security concerns.

MbZ led a realignment of the Middle East that created a new anti-Iran axis with Israel. He also bolstered the military might of the UAE which, coupled with its oil wealth and business hub status, extended Emirati influence in the region and beyond.



Source

Nvidia shares head for record close as Wall Street shrugs off China concerns
World

Nvidia shares head for record close as Wall Street shrugs off China concerns

Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | Reuters Nvidia shares rose nearly 3% on Wednesday and headed for a record close for the first time since […]

Read More
BP shares jump 7% on report it is in early-stage talks to be acquired by Shell
World

BP shares jump 7% on report it is in early-stage talks to be acquired by Shell

The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images BP shares jumped Wednesday on a report that the oil major is in early-stage talks to be acquired by Shell. People familiar with the […]

Read More
NATO allies agree to higher 5% defense spending target
World

NATO allies agree to higher 5% defense spending target

Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), left, and U.S. President Donald Trump, during the NATO summit in The Hague, Netherlands, on Wednesday, June 25, 2025. Bloomberg | Bloomberg | Getty Images NATO allies on Wednesday agreed to more than double their defense spending target from 2% of gross domestic product […]

Read More