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UAE finance minister and Dubai deputy ruler Sheikh Hamdan dies at 75 – World News , Firstpost

His funeral service might be restricted to the household due to COVID-19, in response to Dubai’s government-run media workplace, which ordered authorities workplaces closed for 3 days of mourning

File picture of Sheikh Hamdan bin Rashid Al Maktoum. AP

Dubai: Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai and the finance minister of the United Arab Emirates, has died, his brother stated on Wednesday. He was 75.

Sheikh Hamdan served as deputy chief of Dubai beneath his brother, Sheikh Mohammed bin Rashid Al Maktoum, the hereditary ruler of the city-state who additionally serves as prime minister and vp of the UAE.

Emirati officers introduced his dying with out specifying the trigger. Sheikh Hamdan had been ill for a number of months. Last fall, he flew overseas for an unspecified surgical procedure and in latest weeks his brother Sheikh Mohammed tweeted prayers for his restoration.

Born December 25, 1949, the second son of late ruler Sheikh Rashid Bin Saeed Al Maktoum, he grew up in what was often known as the Trucial States, a set of Arab sheikhdoms alongside the southern shore of the Persian Gulf that was a part of a British protectorate since 1820.

When the UAE fashioned its first Cabinet in 1971, Sheikh Hamdan turned finance minister and held the put up till his dying, attracting overseas funding, managing the nation’s oil wealth and, alongside together with his brother, overseeing the transformation of Dubai right into a regional monetary hub. The nation individually has a minister of state for monetary affairs.

He led Emirati delegations to the International Monetary Fund and the Organization of the Petroleum Exporting Countries (OPEC) Fund for worldwide improvement. Sheikh Hamdan managed a wide selection of conglomerates reaching Dubai’s financial system, such because the Dubai Ports Authority, Dubai World Trade Center and Dubai Natural Gas ‎Company Limited.

Like his brother, he turned an enormous title in horse racing out of the UAE, founding Shadwell Racing in 1981, an operation with a legacy of manufacturing star thoroughbreds.

His funeral service might be restricted to the household due to COVID-19 , in response to Dubai’s government-run media workplace, which ordered authorities workplaces closed for 3 days of mourning.

“Today we lost one of the most loyal men of the UAE after a life full of giving and sincere patriotism,” wrote the nation’s de facto ruler, Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan.

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