Sheikh Hamdan bin Rashid, Deputy Ruler of Dubai and Minister of Finance, died on Wednesday.
His brother, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced Sheikh Hamdan's death.
A mourning period of 10 days was declared in Dubai.
Flags will fly at half-staff in Dubai and work will be suspended in government departments and institutions for three days, starting on Thursday.
Other attractions such as Expo 2020's sustainability pavilion will close and dates for reopening will be announced soon.
Sheikh Mohammed bin Rashid led funeral prayers at Zabeel Mosque on Wednesday.
He was joined by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and other sheikhs.
They were restricted to family members because of Covid-19 restrictions.
Sheikh Hamdan, who was in his seventies, had been unwell for some months – Sheikh Mohammed tweeted prayers and well-wishes for his brother as recently as March 9.
On Wednesday, Sheikh Mohammed posted a picture of his brother saying: "We belong to God and to Him we shall return ... May God have mercy on you, my brother, my support and my companion."
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, paid tributes to Sheikh Hamdan.
"Today, we lost one of the loyal men of the Emirates after a life full of giving and sincere patriotism," Sheikh Mohamed tweeted.
“May God have mercy on my brother Sheikh Hamdan bin Rashid, and reward him with the best reward for what he offered to his country and its people.
“I express my condolences to my brother Mohammed bin Rashid and the honourable Maktoum family for this great misfortune. [I wish them] patience and solace.”
Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, mourned the death of Sheikh Hamdan.
The Ruler of Ras Al Khaimah, Sheikh Saud bin Saqr Al Qasimi, said the UAE has lost today one of its loyal and devoted leaders.
“God have mercy on Sheikh Hamdan bin Rashid Al Maktoum. With his wisdom and insightful vision, he helped build our institutions of government since the founding days of this nation.
“He helped lead a march of national achievements and humanitarian work that will go down in the history of the nation and the conscience of the Emirati people.
“Our condolences to His Highness Sheikh Mohammed bin Rashid Al Maktoum, to the honourable Al Maktoum family and to the people of the Emirates for this great loss to the homeland.”
Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, and Sheikh Saud bin Rashid Al Mualla, Ruler of Umm Al Quwain, expressed their heartfelt condolences on the death.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, paid tribute to his uncle.
“To Allah we belong and to Him we shall return,” he said.
“Today, the country bid farewell to one of its symbols and a knight who stepped down after a journey of giving.
“His journey will remain immortal and from it we will draw inspiring moral lessons in upholding the status of the homeland and in spreading the roots of goodness.
“We ask God Almighty to have mercy on Sheikh Hamdan bin Rashid Al Maktoum and make heaven his resting place.”
In October, Sheikh Hamdan was wished well by officials and colleagues after surgery abroad.
They welcomed him on his return to the Emirates after the operation.
Details of the surgery or the location were not stated.
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
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THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
SPECS
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
First Person
Richard Flanagan
Chatto & Windus
History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out
Gender equality in the workplace still 200 years away
It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.
The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.
But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.
At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.
The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.
After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.
Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.
And the number of women in leadership roles has risen to 34 per cent globally, WEF said.
At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.
And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.
* Agence France Presse
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
MORE ON CORONAVIRUS & THE ECONOMY
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The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
