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UAE finance minister dies at 75

Sheikh Hamdan bin Rashid Al Maktoum, who was also deputy Dubai ruler, served as finance minister for several decades and was known for his charity work and race horse ownership.
Crown Prince of Dubai Sheikh Rashid bin Mohammed bin Rashid Al Maktoum (R) receives the trophy from his uncle and United Arab Emirates' Finance Minister Sheikh Hamdan bin Rashid Al Maktoum, after his horse Prince Bishop won the $10 million Dubai World Race, Meydan racecourse in Dubai, March 28, 2015.

Longtime Emirati Minister of Finance Sheikh Hamdan bin Rashid Al Maktoum died on Wednesday, the state Emirates News Agency reported. He was 75 years old.

Maktoum became finance minister in the first-ever United Arab Emirates government Cabinet in 1971 and remained in that position until his death. He held numerous positions in Dubai-based business and oil entities. Maktoum was also involved in philanthropic work in the UAE as well as on the African continent, according to the agency. Maktoum was likewise a prominent horse owner in the United Kingdom horse racing scene.

Maktoum was also deputy leader of Dubai and the brother of current Dubai leader Sheikh Mohammed bin Rashid Al Maktoum.

The late Maktoum was not well for several months and had surgery outside the country last October, according to Reuters.

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