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Dubai’s ruler names son crown prince

Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, on Friday named his second son crown prince, anointing Hamdan bin Mohammed as the man most likely to succeed him as the head of state of the trade, tourism and services hub.

The move will ease concerns that an unclear succession posed a risk to this tolerant business centre, which is riding the region’s wave of petrodollars.

Sheikh Mohammed, 58, came to power in 2006 on the death of his elder brother, Maktoum, but the poetry-loving equestrian has acted as de facto leader of the second-largest member of the United Arab Emirates since he was named crown prince in 1995.

read the rest published by FT here:

http://www.ft.com/cms/s/0/45889c30-d11f-11dc-953a-0000779fd2ac.html