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Wed 24 Jun 2009 12:50 AM

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Nasser al-Shaikh relieved of all gov’t posts

Media office of HH Sheikh Mohammed confirms dismissals in short statement.

Nasser al-Shaikh relieved of all gov’t posts
NASSER AL-SHAIKH: Relieved of all government posts, including assistant director general of the Dubai Rulers Court for Foreign Affairs. (Getty Images)

The media office of HH Sheikh Mohammed bin Rashid Al Maktoum said late Tuesday that Nasser al-Shaikh has been relieved of all government posts, including assistant director general of the Dubai Ruler's Court for Foreign Affairs, news agency WAM reported.No reason was given.

On Sunday, Dubai property developer, Deyaar Properties, confirmed in a statement that al-Shaikh had resigned from his post as chairman - again without any reason being given.

"The board of directors of Deyaar will convene shortly to consider its ratification of the same," it said in a statement at the time.

On Monday al-Shaikh resigned as a board director for Dubai Islamic Bank and has now stepped down from his job as vice-chairman of National Bonds.

In May al-Shaikh was replaced as head of Dubai's Department of Finance after spearheading the launch of the emirate's $20 billion bond programme in February, a move aimed at easing worries state-linked companies could default on debts.

Despite his recent resignations al-Shaikh remains chairman of Islamic mortgage lender Amlak.

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