Opinion | Dubai’s runaway Princess Haya is the least of Sheikh Mohammed bin Rashid’s problems
- The Dubai ruler’s image took a hit when one of his six wives, Princess Haya, fled to Britain
- But it was a reliance on credit and a dalliance with Iran that really hurt his legacy – and left him in the shade of big brother Abu Dhabi
Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, is in a league of his own. His approach to governing the emirate – he functioned more as a corporate chief executive with a knack for investing than as an oil monarch presiding over a tribal polity of loyalists turned citizens – made him an exception in the Gulf. His other interests – he was an acclaimed poet, equestrian, and regular at the Royal Ascot every year – made him a rock star to the West.

The fallout from the latest episode is likely to hit Dubai’s commercial standing. Sheikh Mohammed, who is also the prime minister and vice-president of the United Arab Emirates (UAE), has seen his political influence recede over the last decade or so, mainly as a result of the global financial crisis of 2008-9, which hit Dubai badly, but his reputation for being a deft wheeler-dealer remains.
Sheikh Mohammed was instrumental in defining the course of Dubai’s economic progress. Acting on their father’s advice, he, along with his two older brothers, evolved and implemented a policy leveraging migration, tourism and foreign investment at a time when the rest of the Middle East was reorienting itself around its new-found oil wealth.
