Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has trimmed the board of the emirate’s sovereign wealth fund and appointed a new director of his media office.
When combined with the city’s recent eye-catching (or perhaps eyebrow-raising) property and tourist launches, these personnel changes have given the impression that Dubai’s “old guard” are not only back, they are growing in power.
The board of the Investment Corporation of Dubai, a holding body that controls the emirate’s corporate crown jewels, such as Emirates Airlines, has been reduced from six to five members.
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