UAE president names Abu Dhabi crown prince and deputy rulers By Pramod Kumar March 30, 2023, 6:27 AM WAM Sheikh Khaled bin Mohamed bin Zayed Al Nahyan is the eldest son of UAE President Sheikh Mohammed bin Zayed UAE President and Abu Dhabi Ruler Sheikh Mohamed bin Zayed Al Nahyan has issued a decree appointing Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as the crown prince of Abu Dhabi. Sheikh Khaled is the eldest son of Sheikh Mohammed bin Zayed. The president also appointed Sheikh Hazza bin Zayed and Sheikh Tahnoun bin Zayed as deputy rulers of Abu Dhabi, the UAE state-run WAM news agency reported. Sheikh Tahnoun is the son of the UAE founder, Sheikh Zayed bin Sultan Al Nahyan, and serves as the UAE national security advisor. He chairs state-owned Abu Dhabi Investment Authority and ADQ. Sheikh Mansour bin Zayed Al Nahyan was named UAE vice president alongside Sheikh Mohammed bin Rashid Al Maktoum, vice president, prime minister and ruler of Dubai. Sheikh Mansour, brother of Sheikh Mohammed bin Zayed, has served as UAE’s deputy prime minister and minister of presidential court. He owns Manchester City club and chairs UAE sovereign wealth fund Mubadala.
Trade Jordan and Qatar trade volume rises 6% in 2024 Trade between Jordan and Qatar increased by 6 percent year on year in 2024 amid growing economic ties. The total volume reached QR910 million ($250 million), up from QR860 million in 2023, the state-run Petra news agency reported, citing data released by Qatar’s planning and statistics authority. Jordan’s exports to the Gulf state include consumer and […] 3 hours ago
Economy Arab investments in Egypt’s economy top nearly $40bn Foreign direct investments from Arab countries into to Egypt reached $39.5 billion in the last quarter of the fiscal year 2023-24, led by the UAE. The UAE’s investments in the construction sector reached $37.5 billion, accounting for 95.3 percent of the total incoming investments, Arabic-language Al Arabiya Business reported citing the central bank of Egypt […] 3 hours ago
Energy Turkey to triple cross-border electricity links Turkey is aiming to triple its electricity interconnections with neighbouring countries and is set to supply power to Syria soon, a news report said. Ankara supplies electricity to Iraq, Daily Sabah newspaper reported citing energy and natural resources minister Alparslan Bayraktar’s speech at a panel discussion at the International Renewable Energy Agency (Irena) assembly in […] 2 hours ago
Oil & Gas Oil prices remain near four-month highs above $80 Oil prices slipped at market open on Tuesday but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration’s toughest sanctions yet on Russian oil. Brent futures slipped 22 cents, or 0.27 percent, to $80.79 a barrel by 01:22 GMT, while US West Texas Intermediate crude fell 16 cents, or […] 27 mins ago