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"The two leaders will highlight a half century trajectory of UAE-U.S. partnership in trade, investment and security," the Emirati ambassador to Washington, Yousef al-Otaiba, posted on X ahead of the visit. Growing investment tiesTrillion-dollar relationshipThe United States and the UAE have a trade and investment partnership that spans more than five decades. In 2023, bilateral trade between the UAE and the U.S. was worth around $31.4 billion, with U.S. exports to the UAE exceeding $24.8 billion, according to the UAE Embassy in Washington, D.C. The UAE, which produces nearly 4% of the world's oil supply, also has investments in the United States that total $1 trillion. The UAE sovereign wealth funds including the Abu Dhabi Investment Authority and Mubadala are major investors in American real estate, infrastructure and technology sectors.

Persons: Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince, Abu, Hannah McKay, Sheikh Mohammed bin Zayed Al Nahyan's, Anwar Gargash, Sheikh Mohammed's, Joe Biden, Kamala Harris, Gargash, Yousef al Organizations: Downing, Getty, United Arab Emirates, Washington , D.C, U.S, UAE, UAE Embassy, Abu, Abu Dhabi Investment Authority Locations: Abu Dhabi, London, England, United States, Washington ,, Dubai, Gaza, UAE, Washington, U.S

☆ Dubai crown prince appointed UAE defense minister
▼ + stars: | 2024-07-14 | by ( ) www.cnbc.com time to read: +1 min

Modern architecture, Dubai central business district and car traffic are seen from Sky Views Observatory on Dec. 13, 2023 in Dubai, United Arab Emirates. The crown prince of Dubai has been appointed as minister of defense for the United Arab Emirates as part of a broader cabinet shuffle, Dubai ruler and UAE Prime Minister Sheikh Mohammed bin Rashid al-Maktoum posted on X. The 41-year-old Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum, who has served as Dubai's crown prince since 2008, was also named as one of the UAE's deputy prime ministers. Sheikh Abdullah bin Zayed Al Nahyan, the UAE foreign minister, was also appointed as a deputy prime minister in the reshuffle. Other new appointments include Alia Abdulla AlMazrouei as minister of state for entrepreneurship, Sarah Al Amiri as minister of education, Abdulrahman Al Awar as acting minister of higher education and scientific research, Sheikh Mohammed's post said.

Persons: Sheikh Mohammed bin Rashid al, Maktoum, Sheikh Hamdan bin Mohammed bin Rashid al, Sheikh Hamdan, Sheikh Abdullah bin Zayed Al Nahyan, Alia Abdulla AlMazrouei, Sarah Al Amiri, Abdulrahman Al Awar, Sheikh Mohammed's Organizations: Views, United Arab Emirates, United, Dubai Locations: Dubai, United Arab, UAE, Instagram

☆ Dubai ruler appoints new second deputy - Dubai Media office
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: 1 min

April 28 (Reuters) - Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum on Friday appointed another of his sons as a deputy ruler of the emirate, following the death of his brother and long-serving deputy ruler Sheikh Hamdan bin Rashid Al Maktoum in 2021. Dubai now has first and second deputy rulers, the decree published by the Dubai Media Office said. The decree appointed as first deputy ruler Maktoum bin Mohammed bin Rashid al-Maktoum, one of Sheikh Mohammed's sons who has been a deputy ruler since 2008 and is currently the United Arab Emirates' finance minister. Newly appointed to the role of second deputy ruler is Ahmed bin Mohammed bin Rashid al-Maktoum, another of Sheikh Mohammed's sons and the chairman of the Dubai Media Council. Reporting by Yomna Ehab; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

☆ UAE leader breaks with tradition, appoints son as crown prince
▼ + stars: | 2023-03-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, the UAE leader's eldest son, is now the oil-rich Middle Eastern country's crown prince, effectively next in line for its leadership. Sheikh Tahnoon was already named chair of the $790 billion Abu Dhabi Investment Authority, the emirate's main sovereign wealth fund, earlier in March. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of the Emirate of Abu Dhabi. He described the decision as "formalizing the leverage Abu Dhabi has over Dubai, and how little Dubai will be allowed to say in foreign policy." Prime Minister and Vice-President of the United Arab Emirates and ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum attends the Global Women's Forum in Dubai, United Arab Emirates, February 16, 2020.

Sheikh Mohammed, who became president and Abu Dhabi ruler last year after running the U.S.-allied OPEC oil producer for years, named his brother Sheikh Mansour as UAE vice president, alongside Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. This appeared to further centralise power in Abu Dhabi, which is the political capital by virtue of its immense oil wealth, of the UAE federation of seven emirates. Abu Dhabi has held the presidency since the founding of the UAE federation by Sheikh Mohammed's father in 1971. Sheikh Mohammed, known as MbZ, had been grooming his son in positions of authority in security - including intelligence - economy and governance, analysts say. Earlier this month, Sheikh Tahnoun was named chair of Abu Dhabi Investment Authority, among the world's largest sovereign wealth funds.

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