UAE: Reshuffle at Dubai Holding

Vice President, prime minister and Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum removed Abdulla Al-Habbai as chairman of the Dubai Holdings conglomerate on 7 November. He appointed Sheikh Ahmed Bin Saeed Al-Maktoum in his place to temporarily oversee both Dubai Holding and its real estate subsidiary Meraas. The announcement was not accompanied by a clear explanation for the sudden change, but said it was “part of a fresh strategy” for both groups. GSN noted last month that Meeras and other state-owned property groups were facing difficulties.