London court orders Dubai ruler to pay 'record' divorce settlement

The ruler of Dubai was on Tuesday ordered to pay his former wife and children around £550 million ($730 million) in what is thought to be the highest divorce settlement set by an English court.

Judge Philip Moor ruled that Sheikh Mohammed bin Rashid Al-Maktoum must pay his ex-wife Princess Haya Bint Al Hussein £251.5 million and guarantee £290 million to cover children's maintenance and security as adults, following a bitter child custody battle.