UAE Ruler Names Son Crown Prince, Elevates Other Royals

The ruler of the UAE named his son crown prince and elevated several powerful brothers, positioning them for leadership in the major OPEC oil exporter.

March 30, 2023 . 3:02 PM

1 min read

Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, 43, has been named crown prince of Abu Dhabi, positioning him as the next in line for leadership.
Several powerful brothers were promoted and their portfolios expanded.
The Al Nahyan family is one of the world's richest with a net worth of at least $300 billion.
Power transition through brothers, cousins, and sons is common in the Gulf region.
The UAE is home to about 6% of the world’s proven oil reserves and some of the largest sovereign wealth funds.