H.E. Obaid Humaid Al-Tayer holds a bachelor degree in Electrical Engineering from University of Colorado, Boulder, Colorado in the United States of America.
His Excellency was appointed as Minister of State for Financial Affairs in 2008 and in addition to his ministerial responsibilities, he is Deputy Chairman of the General Pension and Social Security Authority. He has held formerly other important positions such as: Member of the Federal National Council, Chairman of Emirates Industrial Bank, Acting Chairman of Real Estate Bank, Chairman of Dubai Chamber of Commerce and Industry, Board Member of Dubai Municipal Council, Board Member of Dubai Economic Council, Board Member of Union National Bank and Board Member of Emirates Telecommunications Corporation.
Most important international honors are: receiving the “Finance Minister of the Year in the Middle East and North Africa for 2012” award by Emerging Markets Magazine, on the sidelines of the annual meetings of the International Monetary Fund and World Bank Group in October 2012. He was awarded the Medal of “The order of the Star of Italy” by the President of the Republic of Italy in 2007 and was also awarded the Medal of “The National Order of Merit” by the President of the French Republic in 2003.