Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry, has died, aged 75, his brother His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, announced on Wednesday.
The second of four sons of the late ruler Sheikh Rashid Bin Saeed Al Maktoum, Sheikh Hamdan was the UAE’s first Minister of Finance and Industry, a position he assumed in 1971 and occupied until his death. He was appointed as the Deputy Ruler of Dubai on January 4, 1995.
Sheikh Mohammed posted a photo of his brother on Twitter and said: “We belong to God and to him we will return. Rest in peace my brother, my support and my companion...”
A ten-day mourning has been announced and flags will be at half-mast from Wednesday. Work in government departments in Dubai will be suspended for three days starting Thursday.
Apart from presiding over the financial policies of the UAE, Sheikh Hamdan also served as the UAE’s chief representative at the International Monetary Fund, the Organisation of the Petroleum Exporting Countries (OPEC) Fund and to the Arab states.
Born on December 25, 1945, Sheikh Hamdan was also well-known for his philanthropic works, having funded many scholarships and awards, including the Sheikh Hamdan Bin Rashid Al Maktoum Award for Medical Sciences.