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Sheikh Khalifa re-elected UAE president
Source: BI-ME and AFP , Author: BI-ME staff
Posted: Tue November 3, 2009 6:56 pm
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UAE. Sheikh Khalifa bin Zayed al-Nahyan was re-elected president of the United Arab Emirates for a second five-year term on Tuesday, the official news agency WAM announced.

The Supreme Federal Council, made up of the rulers of the seven emirates in the UAE, selected Sheikh Khalifa.

He first rose to the presidency as oil-rich Abu Dhabi's ruler in 2004 on the death of his father, Sheikh Zayed bin Sultan al-Nahyan, who founded the Gulf state in 1971.

The federal council designates both the president and vice president.

Sheikh Mohammed bin Rashed al-Maktoum, who is also the country's prime minister, defence minister and ruler of Dubai, has served as UAE vice president since 2006.

As president, Sheikh Khalifa has supervised economic development, especially in the real estate and tourism sectors. He also heads Abu Dhabi's Supreme Petroleum Council.

The UAE is the fourth-largest oil producer in OPEC and has an estimated 97.8 million barrels of petroleum reserves. Abu Dhabi accounts for 90 percent of oil production in the country.

Due in part to Khalifa's conservative economic policies, Abu Dhabi managed to avoid the brunt of the world economic crisis.

Sheikh Khalifa is known for his interest in sports, especially horse and camel racing. He funded the repatriation of more than 1,000 Asian and African children who were used before a 2005 ban on child camel jockeys.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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