Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, visited the Al Ghurair family home in Al Khawaneej on Tuesday to offer condolences after the death of Saif Al Ghurair.
He was joined by Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and Khalifa Saeed Sulaiman, the Director General of the Protocol and Hospitality Department in Dubai.
Al Ghurair, who died aged 95, was one of Dubai's most prominent businessmen, having founded the Al Ghurair Group in 1960. Its collection of interests across manufacturing, retail and real estate was central to the ascent of Dubai as a world centre of trade.
In 1981, he opened the city's first shopping mall — the Al Ghurair Centre — which is still going strong today.
Sheikh Mohammed tweeted: "The UAE called Saif bin Ahmed Al Ghurair the son of Dubai and one of its loyal men. He was an economist and a visionary, who gave his country thought and effort. May God have mercy on the deceased."
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How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
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Killing of Qassem Suleimani
