United Arab Emirates: Sheikh Khalifa, one of the richest kings in the world, has passed away.

Chairman of Vin United Arab EmiratesThe Sheikh Khalifa bin Saeed Al-Nahyan, Died at the age of 74 this Friday, according to senior officials quoted by the country’s official news agency. The reasons that led to the death of the Emir of Abu Dhabi are not detailed.

Bin Saeed was named one of the richest kings in the world by Forbes magazine, but he was in poor health for some years. In 2014, he suffered a stroke, after which his half-brother Mohammed bin Saeed, the crown prince of Abu Dhabi, ran political affairs and appeared at most official events on his behalf.

Caliph bin Saeed Born in 1948 and appointed heir to the throne in 1969. Two years later, he became deputy prime minister of the new state. United Arab Emirates. He finally gained full power in 2004 when his father, Sheikh Saeed bin Sultan Al Nahyat, ascended the throne.

United Arab Emirates Experienced significant economic growth under his administration, largely thanks to Abu Dhabi’s oil resources, which have accumulated 90% of the country’s reserves. The country’s capital is currently a major financial, tourism and aviation hub.

The Burj KhalifaThe world’s tallest skyscraper was named in his honor after Emirates extended a $ 20 billion bailout loan to Dubai in 2010 to save it from an economic crisis.

Tribute in memory of the late King

The Emirate Government Nationwide has announced an official 40-day mourning period, which will begin this Friday with a three-day pause in public and private institutions.

Amid international reactions to the president’s death, the U.S. president’s condolences Joe BidenDescribing the President “True friend and friend of America“In the region.” We will continue to honor his memory by strengthening the long-standing relationship between the US and Emirates governments and the people, “the White House statement added.

Mohammed bin Saeed is expected to formally take over as head of the Emirates after the death of his half-brother.

(With information from AFP and Europa Press)