President of OPEC member, the United Arab Emirates, Sheikh Zayed bin Sultan al-Nahayan, died on Tuesday, however, UAE officials expected a smooth transfer of power in the oil-rich Gulf Arab country.
Sheikh Zayed was in his early 90’s and was suffering from poor health for a long time.
Under the constitution, Vice-President and Prime Minister Sheikh Maktoum bin Rashid al-Maktoum, ruler of Dubai, will act as President until the federal council meets within 30 days to elect a President. —Reuters