Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, with Sheikh Khaled bin Mohamed, Abu Dhabi's new Crown Prince, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, during an iftar reception at Qasr Al Watan. Photo: UAE Presidential Court ---
Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, with Sheikh Khaled bin Mohamed, Abu Dhabi's new Crown Prince, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, during an iftar reception at Qasr Al Watan. Photo: UAE Presidential Court ---
Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, with Sheikh Khaled bin Mohamed, Abu Dhabi's new Crown Prince, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, during an iftar reception at Qasr Al Watan. Photo: UAE Presidential Court ---
Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, with Sheikh Khaled bin Mohamed, Abu Dhabi's new Crown Prince, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs

Sheikh Mohammed bin Rashid leads UAE rulers in support of new appointments


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Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, has led support from UAE rulers after President Sheikh Mohamed named Sheikh Mansour bin Zayed as Vice President and Sheikh Khaled bin Mohamed as Crown Prince of Abu Dhabi.

Sheikh Mohammed has been joined as Vice President by Sheikh Mansour, following a series of key appointments on Wednesday.

In his capacity as Ruler of Abu Dhabi, Sheikh Mohamed named Sheikh Tahnoun bin Zayed and Sheikh Hazza bin Zayed as Deputy Rulers of Abu Dhabi.

Sheikh Mohammed hailed the appointments as a significant step in the country's development journey.

New appointments - in pictures

"I congratulate my brother Sheikh Hazza, Sheikh Tahnoun, Sheikh Mansour and Sheikh Khaled bin Mohamed," Sheikh Mohammed said.

"In you and your brothers, the leaders of the new generation, the march continues."

Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, offered his congratulations to Sheikh Khaled on his appointment as Crown Prince of Abu Dhabi.

He "wished Sheikh Khaled success in leading the emirate of Abu Dhabi to advanced positions in all fields and further prosperity", state news agency Wam reported.

He also delivered his backing to Sheikh Tahnoun and Sheikh Hazza as they embark on their new roles.

Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah, and Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, sent congratulatory messages to Sheikh Mansour, Sheikh Khaled, Sheikh Tahnoun and Sheikh Hazza.

Sheikh Saud bin Rashid Al Mualla, Ruler of Umm Al Quwain, and Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, also praised the new appointments.

The bio

Favourite book: Kane and Abel by Jeffrey Archer

Favourite quote: “The world makes way for the man who knows where he is going.” - Ralph Waldo Emerson, American essayist

Favourite Authors: Arab poet Abu At-Tayyib Al-Mutanabbi

Favourite Emirati food: Luqaimat, a deep-fried dough soaked in date syrup

Hobbies: Reading and drawing

War and the virus
Crime%20Wave
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MATCH INFO

Inter Milan 1 (Martinez 18' pen)

Juventus 2 (Dybala 4', Higuain 80')

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

UAE currency: the story behind the money in your pockets
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About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

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Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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3.5/5

Updated: March 30, 2023, 6:19 AM`