Free Trial
BONDS

Greece vs Germany

POLAND

USDPLN Breaks Below 4.40 Support

OIL

US Aims for Production Over Imports

EURIBOR OPTIONS

Call fly trades again

OIL

China crude imports up 7% yr/yr

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

UAE President Sheikh Khalifa Dies Aged 73: State Media

MIDEAST

The UAE's official state media outlet Wam has confirmed the death of President Sheikh Khalifa bin Zayed Al Nahyan at the age of 73.

  • Statement went on to say that "The Ministry of Presidential Affairs announced that there will be forty days of official mourning with flags at half mast and three days closure of ministries and official entities at the federal and local levels and the private sector."
  • Sheikh Khalifa of Abu Dhabi served as president since 2004, but has been in ill health for some time since suffering a stroke in 2014. This has led Crown Prince Mohammed Bin Zayed (MbZ) to effectively govern in his stead for some time. With this experience, a smooth transition of power with little risk to policy continuity is likely.
  • The UAE sits as the eighth-largest global oil producer and the 10th largest natural gas producer. The UAE is also a key security player in the Middle East region. Only a few days ago, US Army General Michael "Erik" Kurilla, who recently took over Central Command and holds responsibility for troops in the MidEast met with MbZ, who it was reported in January had been aggreived at US President Joe Biden's lacking response to a Houthi rebel attack on the UAE.
Keep reading...Show less
208 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The UAE's official state media outlet Wam has confirmed the death of President Sheikh Khalifa bin Zayed Al Nahyan at the age of 73.

  • Statement went on to say that "The Ministry of Presidential Affairs announced that there will be forty days of official mourning with flags at half mast and three days closure of ministries and official entities at the federal and local levels and the private sector."
  • Sheikh Khalifa of Abu Dhabi served as president since 2004, but has been in ill health for some time since suffering a stroke in 2014. This has led Crown Prince Mohammed Bin Zayed (MbZ) to effectively govern in his stead for some time. With this experience, a smooth transition of power with little risk to policy continuity is likely.
  • The UAE sits as the eighth-largest global oil producer and the 10th largest natural gas producer. The UAE is also a key security player in the Middle East region. Only a few days ago, US Army General Michael "Erik" Kurilla, who recently took over Central Command and holds responsibility for troops in the MidEast met with MbZ, who it was reported in January had been aggreived at US President Joe Biden's lacking response to a Houthi rebel attack on the UAE.
Keep reading...Show less