The brother of Sheikh Mohammed bin Rashid, Sheikh Hamdan had been holding the finance ministry portfolio since the very first UAE Cabinet was formed in 1971.
Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, has passed away.
Sheikh Hamdan was the brother of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Sheikh Hamdan bin Rashid had been holding the position of Minister of Finance since the very first Cabinet of the UAE was formed on December 9, 1971. He had played an indispensable role in developing financial policies and government spending.
He used to preside over several high-level government entities that played a vital role in supporting the economy and labour market in the UAE. These included Dubai Municipality, Al Maktoum foundation, Dubai Aluminum (DUBAL) and Dubai Natural Gas Company Limited, and Dubai World Trade Centre, among others.
In 2006, Sheikh Hamdan bin Rashid received three certificates from the Royal British College, making him the first personality to attain such a distinction.
He was granted Honorary fellowship for Internal Medicine from the Royal British College-London, -Edinburgh, and -Glasgow.