DUBAI: The deputy ruler of Dubai, Sheikh Hamdan bin Rashid Al Maktoum, has handed away on the age of 75 years.
The information of his demise was introduced by Dubai’s ruler on Wednesday.
Sheikh Hamdan was the brother of the present ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum.
In line with a information report by Khaleej Occasions, Sheikh Hamdan bin Rashid had been holding the place of Minister of Finance because the very first Cupboard of the UAE was fashioned on December 9, 1971.
He had performed an indispensable function in growing monetary insurance policies and authorities spending.
He used to preside over a number of high-level authorities entities that performed a important function in supporting the financial system and labour market within the UAE.
“These included Dubai Municipality, Al Maktoum Basis, Dubai Aluminum (DUBAL) and Dubai Pure Gasoline Firm Restricted, and Dubai World Commerce Centre, amongst others,” learn the publication.