Sheikh Mohamed bin Zayed becomes UAE's president

Rulers in the United Arab Emirates announced that they unanimously appointed Sheikh Mohammed bin Zayed Al Nahyan as the president the hereditarily ruled nation on the Arabian Peninsula.

The state-run WAM news agency said the rulers of the country's seven sheikhdoms made the decision at a meeting held in Al Mushrif Palace in Abu Dhabi.

It comes after the late President Khalifa bin Zayed Al Nahyan died on Friday and the transition of power marks only the third time this U.S.-allied nation of seven sheikhdoms has selected a president since becoming an independent nation in 1971.