Sheikh Hamdan bin Rashid Al Maktoum, the deputy ruler of Dubai, has died at the age of 75,

Sheikh Hamdan, the UAE’s finance minister, was also the brother of Dubai’s current president, Sheikh Mohammed bin Rashid Al Maktoum.

BREAKING: Minister Of Finance Is Dead

This online news outlet report that, the UAE Minister of Finance has been ill for  few months.

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Sheikh Mohammed posted a photo of his brother on Wednesday, March 24, with the caption, “We belong to God, and to Him we shall return… May God have mercy on you, my brother, my support, and my companion.”

Sheikh Hamdan, the second son of the late ruler Sheikh Rashid Bin Saeed Al Maktoum, was born on December 25, 1949.

The Finance Minister grew up in the Trucial States, a group of Arab sheikhdoms along the Persian Gulf’s southern shore that had been under British protectorate since 1820.

Sheikh Hamdan has served as finance minister since the late ruler, Sheikh Zayed Al Nahyan, appointed him to the first cabinet in 1971, when the UAE was established.

The Minister of Finance is credited with helping to turn Dubai into a global trade and business hub, as well as heading Emirati delegations to the International Monetary Fund and the Association of Petroleum Exporting Countries Fund for international growth.

He was in charge of a slew of conglomerates that span Dubai’s economy, including the Dubai Ports Authority, Dubai World Trade Center, and Dubai Natural Gas Company Limited.

Sheikh Hamdan, like his brother, became a major name in horse racing in the UAE, establishing Shadwell Racing in 1981, a stable known for producing star thoroughbreds.

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