The United Arab Emirates named Mohammed bin Zayed al Nahyan as its new president following the death of his half-brother, elevating the Abu Dhabi crown prince after nearly a decade as de-facto ruler of the U.S. partner.

The leadership change is likely to have few short-term political or economic implications for the U.A.E., as Sheikh Mohammed for years has steered the country’s domestic and foreign policy, alongside a cadre of powerful brothers and other leaders of the federation.

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