Country Risk

United Arab Emirates Puts Stability First

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Abu Dhabi Media Office
  • Sheikh Khaled bin Mohammed's appointment as crown prince of Abu Dhabi represents a generational transition and positions him as the future president of the United Arab Emirates.
  • The move signals continuity and stability to investors as the UAE positions itself for the post-fossil fuel era by diversifying the domestic economy.
  • The UAE's profile is only set to rise in the year it hosts the UN’s high-profile COP28 climate summit.

When UAE President Sheikh Mohammed bin Zayed, commonly known as MBZ, named his son Sheikh Khaled bin Mohammed as crown prince of Abu Dhabi in a late evening Ramadan announcement on Mar. 29, the decision didn't come entirely as a surprise. Sheikh Khaled, in his early 40s, had long been tipped to be next in the line of succession.

Topics:
Opec/Opec-Plus, Macroeconomics
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