Al Tayer appointed governor of DIFC

Dubai's ruler has removed Omar Bin Sulaiman from his post as governor of the Dubai International Financial Centre (DIFC), replacing him with Ahmed Humaid Al-Tayer, an official statement said on Friday.

The decision by Sheikh Mohammed bin Rashid Al-Maktoum to appoint Tayer was part of efforts to "improve performance in Dubai government and semi-governmental departments" and to boost the emirate's position as a global financial, trade and tourism centre, his office said in a statement.

Al Tayer, a former cabinet minister, also has experience from senior positions in areas including banking and finance.

Dubai's government set up the DIFC in 2002 in an effort to turn the regional trading and tourism hub into a world financial centre on par with Singapore and Frankfurt.