Whenever Allah Subhanah refers to ‘As-Shaytaan’ (The Shaytaan) in the Glorious Quran,it refers to the accursed leader of the Shayateen, Iblees; and whenever the general term‘shaytaan’ or plural ‘shayateen’ is used, it refers to all those amongst the men and the jinnwho follow the mission of disobedience of the accursed Iblees. Thus in simple layman terms the ‘Jinn’ like the human race are a creation of AllahSubhanah whom He has bestowed with a free will for a limited period of one life time as atest to choose between obedience and disobedience of their Lord.The ‘Iblees’ is one amongst the Jinn who chose to disobey and challenge the Lord; and allamongst the Jinns and the human race who choose to follow the mission of disobedience of the Lord are all termed and known as the ‘shayateen’.
Your Question: ….and how come he or she got such high status to be with Allah alongwith Angels when he created Adam & Eve?
Allah Says in the Holy Quran Chapter 15 Surah Hijr verses 26-27:
We created man from sounding clay from mud molded into shape;
And the Jinn race We had created
from the fire of a scorching wind. In light of the guidance of the Quran and the authentic and established Sunnah, it is evidentthat the Lord Most High created Jinns before He Decreed the creation of man. Andcontrary to popular belief that the jinn ‘Iblees’ was a very devout and pious worshipper of Allah, and that is why he was present in the heavens when Allah created Adam (a.s.)….thetruth is that just as Allah Subhanah has Decreed the domain of man as this earth, thedomain of the Jinns (and the Angels) was the earth as well as the heaven….and when theLord Creator Decreed the initiation of His ‘best’ creation (man), He Willed and Declared tothe Angels as well as the Jinns to witness it and Commanded that they bow down unto him. Allah Says in the Holy Quran Chapter 15 Surah Hijr verses 28-31:
Behold! Thy Lord said to the Angels: "I am about to create man from sounding clay;from mud molded into shape;
When I have fashioned him (in due proportion) and breathed into him of My spiritfall ye down in obeisance unto him."
So the Angels prostrated themselves all of them together:
Not so Iblees: he refused to be among those who prostrated themselves. Allah Says in the Holy Quran Chapter 2 Surah Baqarah verse 34:
And behold, We said unto the Angels: "Bow down to Adam"; and they bowed; downnot so Iblees; he refused, and was haughty, he was of those who reject faith.
Your Question: If he is a Jinn how come other Jinns don`t have the power like iblis?
Allah says in the Holy Quran Chapter 18 Surah Kahf verse 50:
Behold! We said to the Angels "Bow down to Adam": they bowed down except
Iblis . He was one of the Jinns ,
and he broke the Command of his Lord. Will ye then take