The above statement from the Ministry of Presidential Affairs confirmed that the ruler of Dubai died earlier this morning in Australia. The statement added that "the UAE had lost a historical leader from its leaders who dedicated his life to building the country, and strove to do his best for its people."
The official mourning period will last for 40 days, during which all UAE flags will fly at half mast. Ministries and government organisations will be closed for seven days, starting Wednesday.
Local stock markets in Abu Dhabi and Dubai shed 1.8% and 3.3%, respectively, in early trading.
The Dubai Shopping Festival, the largest business & cultural event in Dubai's calendar, has been postponed until further notice, in a statement by CEO Saeed Al Nabouda.
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Note that some listed sources or external links may no longer be available online due to age.
