The brother of Dubai’s current ruler Sheikh Mohammed bin Rashid, Sheikh Hamdan bin Rashid Al Maktoum, 75, had been unwell for months.
Sheikh Hamdan, who was also the UAE’s finance minister, was the brother of the current ruler of Dubai.
Born December 25, 1949, the second son of late ruler Sheikh Rashid Bin Saeed Al Maktoum, he grew up in the Trucial States, a collection of Arab sheikhdoms that were part of a British protectorate since 1820.
When the UAE formed its first Cabinet in 1971, Sheikh Hamdan became finance minister and held the post until his death, attracting foreign investment, managing the country’s oil wealth and along with his brother, overseeing the transformation of Dubai into a regional financial hub.
He led Emirati delegations to the International Monetary Fund and the Organization of the Petroleum Exporting Countries (OPEC) Fund for international development. Sheikh Hamdan controlled a wide array of conglomerates reaching across Dubai’s economy, such as the Dubai Ports Authority, Dubai World Trade Center and Dubai Natural Gas Company Limited.
On Wednesday, Sheikh Mohammed posted a picture of his brother saying: “We belong to God and to Him we shall return … May God have mercy on you, my brother, my support and my companion.”