IslamicFinance.de

Sheikh Ahmed bin Saeed Al Maktoum is expanding his responsabilities, having now a presence at or near the top of virtually all of the entities that make up Dubai Inc.
For example, as chairman of The Emirates Group and its eponymous airline, he transports the tourists and businessmen whose spending is a vital part of Dubai's GDP. At the same time, he is chairman of the Supreme Fiscal Committee, the ultimate holder of the emirate's purse strings, and chairman of the Supreme Council of Energy.

HH Sheikh Ahmed bin Mohammad bin Rashid Al Maktoum has been appointed Chairman of the Board of Directors of Noor Islamic Bank (NIB) and therefore replaced Sheikh Ahmed bin Saeed Al Maktoum.
Sheikh Ahmed bin Saeed Al Maktoum replaced in exchange Ahmed Humaid Al Tayer as the head of the UAE’s biggest bank by assets Emirates NBD.
The question is what could be the motive behind this. Bankers like Mashreq Capital CEO Kadir Hussein say that “People change senior management and board because they want things to move in another strategic direction.”

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, has assigned Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum as the new chairman of the board of directors of Noor Islamic Bank.
On the other side, Sheikh Mohammed appointed Sheikh Ahmed bin Saeed Al Maktoum as the new chairman of the board of directors of EmiratesNBD bank.