Emirates Airline boss and chairman of the Dubai Supreme Fiscal Committee Sheikh Ahmed bin Saeed Al Maktoum has replaced long standing Dubai World chairman Sultan Ahmed bin Sulayem whose father once occupied the same position.
This is the biggest shake-up in the leadership of Dubai since the global financial crisis struck two years ago and comes as the emirate faces up to the challenge of refinancing more than $30 billion in maturing loans over the next two years.
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