Crescent Enterprises
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Crescent Enterprises
Crescent Enterprises is a multinational company headquartered in the Emirate of Sharjah, United Arab Emirates. The company operates through four platforms: CE-Operates, CE-Invests, CE-Ventures, and CE-Creates, across sectors that include ports and logistics, food and beverages, and business aviation, as well as across business verticals, such as private equity, venture capital, and business incubation. Crescent Enterprises is a subsidiary of thCrescent Group a family business group operating in the MENA region since 1971. The Crescent Group's other subsidiary, Crescent Petroleum, is a privately-owned upstream oil and gas company in the Middle East. History Crescent Enterprises was founded in 2007. The company initially operated through three platforms: CE-Operates, CE-Invests, and CE-Ventures. In 2014, the group launched business incubation platform CE-Creates to develop early-stage concepts into viable ventures. In 2017, the company reorganized its operations across the four ...
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Badr Jafar
Badr Jafar (Arabic: بدر حميد جعفر‎) is an Emirati businessperson and philanthropist. Overview He is the Chief Executive Officer of Crescent Enterprises, a conglomerate headquartered in the United Arab Emirates with operations in ports and logistics, power and engineering, and venture capital. Jafar is also the President of Crescent Enterprises' sister company Crescent Petroleum. He is the Chairman of Pearl Petroleum, a five-member international consortium for the development of natural gas assets in the Kurdistan Region of Iraq Kurdistan Region ( ku, هەرێمی کوردستان, translit=Herêmî Kurdistan; ar, إقليم كردستان), abbr. KRI, is an autonomous region in Iraq comprising the four Kurdish-majority governorates of Erbil, Sulaymaniyah, Duhok ..., and the Chairman of the Executive Board of Gulftainer, a port and logistics operator. Jafar is the Founder of the Pearl Initiative, an organization that promotes corporate governance, acc ...
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Gulftainer
Gulftainer is a port operator with its corporate head office in the United Arab Emirates. It was established in 1976. History Gulftainer was formed in 1976 to manage and operate the Sharjah Container Terminal (SCT) on behalf of the Sharjah Port Authority. Ten years later a concession was awarded to Gulftainer to manage and operate Khorfakkan Container Terminal (KCT) in Khorfakkan Port and the container terminal in Hamriyah Port, Sharjah. In 2004, Gulftainer expanded beyond the UAE, initially as a consultant to the Kuwait Port Authority. Later the same year, it inaugurated the purpose-built Sharjah Inland Container Deport (SICD) near the Sharjah–Dubai border. Since then, it has carried out operations in South Asia, Pakistan, the Comoros Islands, Turkey, Iraq, Russia, Brazil, and Lebanon In June 2013, Gulftainer completed a major acquisition by securing the majority shareholding in Saudi Arabia's Gulf Stevedoring Contracting Company (GSCCO) almost doubling the company size. Thi ...
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Conglomerate Companies Of The United Arab Emirates
Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Conglomerate (record label), a hip hop label founded by Busta Rhymes * The Conglomerate (Australian group), a jazz quartet See also * Conglomerate Ridge, in the Ellsworth Mountains, Antarctica * ConGlomeration (convention) ConGlomeration was an annual multigenre convention held in or around Louisville, Kentucky between 2001 and 2019. ConGlomeration was an all-volunteer non-profit organization which, as part of its convention programming, conducted charitable acti ...
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Companies Based In The Emirate Of Sharjah
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial ...
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United Nations Global Compact
The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of human rights, labor, the environment and anti-corruption. Under the Global Compact, companies are brought together with UN agencies, labor groups and civil society. Cities can join the Global Compact through the Cities Programme. The UN Global Compact is the world's largest corporate sustainability ( corporate social responsibility) initiative with 13000 corporate participants and other stakeholders over 170 countries with two objectives: "Mainstream the ten principles in business activities around the world" and "Catalyse actions in support of broader UN goals, such as the Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs)". Moving forwa ...
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Pearl Initiative
The Pearl Initiative is a non-profit organization founded in 2010 that focuses on corporate governance, accountability and transparency in the Persian Gulf region. History The Pearl Initiative was founded in 2010 in cooperation with the United Nations Office for Partnerships to promote higher standards in corporate governance, accountability, and transparency in the Gulf region. The organization was granted Special Consultative Status with the United Nations Economic and Social Council in 2019. In 2020, the Pearl Initiative launched its updated strategy "PI Vision 2025". Activities The Pearl Initiative’s activities includes programs that cover governance-related topics for corporations, family firms, micro, small and medium-sized enterprises, and philanthropic organizations. The organization engages with academia and hosts forums, workshops, and round-tables. Programs Anti-Corruption Best Practices: Launched in partnership with the Siemens Integrity Initiative in October 2015 ...
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World Economic Forum
The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss global issues across 500 sessions. ...
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NerdWallet
NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. It has a website and app that earns money by promoting financial products to its users. History NerdWallet was founded in August 2009 by Tim Chen and Jacob Gibson, with an initial capital investment of $800. Its first product was a web application that provided comparative information about credit cards. Subsequently, it generated large quantities of content to help boost its search engine results. Website traffic grew quickly in 2010 and, by March 2014, the website had up to 30 million users. The following year, it raised $64 million in its first round of funding, at an estimated valuation of $500 million. In 2016, the company acquired the retirement planning firm AboutLife, and was valued at $520 million. In 2017, company growth slowed, resulting in the layoff of 11 percent of its employees. In August 2020, the company expanded its footprint into the UK by acquiring Know Your Mo ...
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Wilmington, Delaware
Wilmington ( Lenape: ''Paxahakink /'' ''Pakehakink)'' is the largest city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish settlement in North America. It lies at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley metropolitan area. Wilmington was named by Proprietor Thomas Penn after his friend Spencer Compton, Earl of Wilmington, who was prime minister during the reign of George II of Great Britain. At the 2020 census, the city's population was 70,898. The Wilmington Metropolitan Division, comprising New Castle County, Delaware, Cecil County, Maryland and Salem County, New Jersey, had an estimated 2016 population of 719,887. Wilmington is part of the Delaware Valley metropolitan statistical area, which also includes Philadelphia, Reading, Camden, and other urban are ...
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Port Canaveral
Port Canaveral is a cruise, cargo, and naval port in Brevard County, Florida, United States. It is one of the busiest cruise ports in the world with 4.5 million cruise passengers passing through during 2016. Over 5.4 million tonnes of bulk cargo moves through each year. Primary cargoes include slag, salt, vehicles, containers, petroleum, heavy equipment, lumber, and aggregate. The port has conveyors and hoppers for loading products directly into trucks and facilities for bulk-cargo containers. The channel is about deep. The port exports fresh citrus; bulk-frozen citrus juice stored in one of the largest freezer warehouses in the state; cement; and building materials. The port receives lumber, salt for water-softening, automobiles, and steel sheet and plate. It transships items for land, sea, air, and space. On average, ten ships enter the port each day. This includes ships from cruise lines such as Carnival, Disney, Royal Caribbean, Norwegian, and more. Governing authority ...
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Crescent Petroleum
Crescent Petroleum is the first and largest private upstream oil and gas company in the Middle East. Founded in 1971, Crescent Petroleum is headquartered in the Emirate of Sharjah, United Arab Emirates (UAE), with current operations in both the UAE and the Kurdistan Region of Iraq (KRI). As of 2023, Crescent Petroleum and the Iraqi Ministry of Oil have signed three twenty-year contracts as the company focus it efforts in aiding the redevelopment of Iraq. Crescent Petroleum is also the founding and largest shareholder in Dana Gas, the first and largest publicly listed private-sector natural gas company in the Middle East. The company is a subsidiary of Crescent Group, a diversified family business that includes Crescent Enterprises, a multinational company headquartered in the UAE, as the other main subsidiary. Crescent Petroleum's chairperson and founder is, Iraq, Iraqi businessman Hamid Jafar its Chief executive officer, CEO is Majid Jafar. History Crescent Petroleum's emerge ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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