Top real estate tycoon appointed Dubai Holding chairman | Reuters:
"One of Dubai's leading real estate tycoons will take charge of Dubai Holding, the investment vehicle of the emirate's ruler which has a $35 billion portfolio of assets in over 20 countries, the Dubai government said on Sunday.
Abdulla al-Habbai was chosen as chairman of the investment conglomerate by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum, the government said in a brief statement.
Habbai will remain chairman of Meraas Holding, a big real estate developer which is controlled by Sheikh Mohammed and in the last few years has played an increasingly important role in expanding Dubai's luxury real estate and tourism sectors."
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