Dubai development magnate dropped from remaining official posts after resigning from Deyaar and two other bodies

Nasser Al Shaikh, the former chairman of UAE developer Deyaar, has been relieved of all his Dubai government posts. This includes his role as assistant director-general of the Dubai Ruler's Court for Foreign Affairs. No reason was given.

Al Shaikh resigned from Deyaar over the weekend and yesterday left his posts as a board director of Dubai Islamic Bank and chairman of education provider Taaleem.

Last month he was removed from his post as the director of the Dubai government's finance department. No reason was given for his removal, which confused analysts, as Al Shaikh was in the midst of addressing Dubai's $80bn of debts and distributing the first $10bn tranche of the $20bn loan Dubai has secured from the UAE government.

Topics