Dubai Ruler Sheikh Mohammed bin Rashid al-Maktoum has removed Omar Bin Sulaiman from his post as governor of the Dubai International Financial Centre (DIFC), replacing him with former finance minister Ahmed Humaid Al-Tayer.

The shakeup comes a day after Sheikh Mohammed, who is also the UAE Vice President and Prime Minister, removed Sultan Bin Sulayem, Mohammed Al Gergawi and Mohamed Alabbar - three key technocrats - from the board of the Investment Corporation of Dubai.

The decision by Sheikh Mohammed 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 on Friday.

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

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.-Reuters