United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan has named his eldest son Sheikh Khaled as the crown prince of Abu Dhabi, the capital of the oil-rich Gulf state, state media reported on Wednesday.
The UAE president has issued a resolution, with the approval of the UAE Federal Supreme Council, to appoint Mansour bin Zayed, Deputy Prime Minister of Presidential Court as UAE Vice President. pic.twitter.com/kYFDycPGcd— مكتب أبوظبي الإعلامي (@ADMediaOffice) March 29, 2023
Sheikh Mohammed has also appointed his brothers to top positions, further centralizing power in Abu Dhabi. His brother Sheikh Mansour was named UAE vice president, alongside Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, while Sheikh Tahnoun bin Zayed Al Nahyan and Hazza bin Zayed Al Nahyan were appointed deputy rulers of Abu Dhabi.
Sheikh Mohammed has been grooming his son for years, placing him in positions of authority in security, economy, and governance. The appointment of Sheikh Khaled as crown prince reflects a trend towards direct lineage in most Gulf Arab monarchies.
In his capacity as Ruler of Abu Dhabi, the UAE president issues two Emiri decrees appointing Hazza bin Zayed and Tahnoun bin Zayed as Deputy Ruler of Abu Dhabi#WamNews pic.twitter.com/nqVSdO533y— WAM English (@WAMNEWS_ENG) March 29, 2023
The UAE, with Abu Dhabi as its political capital, has held the presidency since its founding in 1971. The country is known for its political and economic stability, high per-capita income levels, and a large expatriate workforce.
Recently, Abu Dhabi has undergone several reshuffles, including Sheikh Tahnoun's appointment as chair of Abu Dhabi Investment Authority and Sheikh Mansour's appointment as chairman of Mubadala.
KARACHI – Pakistani rupee, which is facing blows in the open market, remained stable against the US dollar, in the inter-bank market on Wednesday.
The local currency moved slightly upward during the opening hours of trading in the inter-bank market. Before noon, PKR was hovering around 285.22, with a slight increase of Rs0.13.
As the situation remained under control in the interbank market, the rupee hits a fresh record low in the open market and was selling at 315 per dollar.
In a recent development, the IMF mission chief shared positive news, confirming that talks are underway with Pakistani authorities. The resumption of the IMF programme remains important for the crisis-hit country.
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,300 on Wednesday.The price of 10 grams of 24k gold was recorded at Rs199,160.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 232,300||PKR 2,485|
|Karachi||PKR 232,300||PKR 2,485|
|Islamabad||PKR 232,300||PKR 2,485|
|Peshawar||PKR 232,300||PKR 2,485|
|Quetta||PKR 232,300||PKR 2,485|
|Sialkot||PKR 232,300||PKR 2,485|
|Attock||PKR 232,300||PKR 2,485|
|Gujranwala||PKR 232,300||PKR 2,485|
|Jehlum||PKR 232,300||PKR 2,485|
|Multan||PKR 232,300||PKR 2,485|
|Bahawalpur||PKR 232,300||PKR 2,485|
|Gujrat||PKR 232,300||PKR 2,485|
|Nawabshah||PKR 232,300||PKR 2,485|
|Chakwal||PKR 232,300||PKR 2,485|
|Hyderabad||PKR 232,300||PKR 2,485|
|Nowshehra||PKR 232,300||PKR 2,485|
|Sargodha||PKR 232,300||PKR 2,485|
|Faisalabad||PKR 232,300||PKR 2,485|
|Mirpur||PKR 232,300||PKR 2,485|
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