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The brothers, who say they are innocent, are accused of having formed an organised criminal network in early 2021 in Romania, as well as in the US and Britain
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Sheikh Mohammed appoints Sheikh Ahmed to temporarily oversee Dubai Holding, Meraas
Dubai - The move is part of a fresh strategy to explore new expansion prospects for both groups.
The move is part of a fresh strategy to explore new expansion prospects for both groups, and identify further opportunities to maximise growth by leveraging their diverse assets and investment portfolios.
The appointment seeks to further consolidate the strong brand profile and leading position of the two groups both in the Arab world and globally. The move is also aligned with Dubai's evolving growth strategy that seeks to constantly create new value through innovation.
Established in 2004, Dubai Holding develops and manages an extensive portfolio of companies focused on investments, financial services, real estate, specialised business parks, telecommunications and hospitality. Dubai Holding has played an instrumental role in Dubai's diversification programme across multiple industries, and is at the frontlines of Dubai's strategy to build a sustainable, innovation-driven economy in line with the UAE Government's Vision 2021.
Dubai Holding delivered a robust operational performance in the first half of 2019 with multiple successes and achievements that support the vision of Sheikh Mohammed.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has appointed His Highness Sheikh Ahmed bin Saeed Al Maktoum to temporarily oversee Dubai Holding and Meraas, replacing Abdulla Al Habbai.
- Dubai Media Office (@DXBMediaOffice) November 7, 2019
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