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Dubai Group
Dubai Group is an Emirati investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding. The company was founded in 2000 as the Investment Office, and was renamed Dubai Group in 2005. Through its companies, the group focuses on banking, investments and insurance in the United Arab Emirates and globally. The group consists of three companies, each with its respective focal point: * Dubai Investment Group * Dubai Banking Group * Noor Investment Group Noor or Nour may refer to: People *Noor (name) *Queen Noor of Jordan Fiction * ''Noor'' (film), a 2017 Bollywood film * ''Noor'' (play), a 2009 play by Akbar Ahmed *''Noor'', a 2020 Pakistani television series with Usama Khan * ''Noor'' (novel), .... References External linksOfficial website Companies based in Dubai Investment companies of the United Arab Emirates {{UnitedArabEmirates-stub ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Mohammed Bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum ( ar, محمد بن راشد آل مكتوم, links=no; ; born 15 July 1949) is the Prime Minister of the United Arab Emirates, vice president, prime minister, and minister of defence of the United Arab Emirates (UAE) as well as the ruler of Dubai. He is the third son of Sheikh Rashid bin Saeed Al Maktoum, former vice president of the UAE and ruler of Dubai. Mohammed succeeded his brother Maktoum bin Rashid Al Maktoum, Maktoum as vice president and ruler following the latter's death in 2006. A billionaire, Mohammed generates most of his income from real estate and is described as "one of the world's most prominent real estate developers". Land which is owned by him is managed as an asset of the state. There is a blurred line between the assets of the government of Dubai and those of the ruling Al Maktoum family. He oversaw the growth of Dubai into a global city, as well as the launch of a number of government-owned enterprises including Emira ...
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Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of the Middle East and North Africa. D Long, B Reich. p.157 Established in the 18th century as a small fishing village, the city grew rapidly in the early 21st century with a focus on tourism and luxury, having the second most five-star hotels in the world, and the tallest building in the world, the Burj Khalifa, which is tall. In the eastern Arabian Peninsula on the coast of the Persian Gulf, it is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. A centre for regional and international trade since the early 20th century, Dubai's economy relies on revenues from trade, tourism, aviation, real estate, and financial services.
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United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at the eastern end of the Arabian Peninsula and shares borders with Oman and Saudi Arabia, while having maritime borders in the Persian Gulf with Qatar and Iran. Abu Dhabi is the nation's capital, while Dubai, the most populous city, is an international hub. The United Arab Emirates is an elective monarchy formed from a federation of seven emirates, consisting of Abu Dhabi (the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Each emirate is governed by an emir and together the emirs form the Federal Supreme Council. The members of the Federal Supreme Council elect a president and vice president from among their members. In practice, the emir of Abu Dhabi serves as president while the ruler of Dubai is vice pre ...
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Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Investments
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Dubai Holding
Dubai Holding ( ar, دبي القابضة) is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's personal investment portfolio, which owns 99.67% of the capital. It is a global investment holding company. Mohamed al Gergawi built the portfolio. Sheikh Ahmed bin Saeed al-Maktoum has been appointed as chairman by Dubai ruler. Dubai Holding has over US$130 billion in assets in 13 countries as well more than 20,000 employees worldwide. In 2021, the Pandora Papers leaks revealed that Dubai Holding owned three companies through a secretive offshore system. History Dubai Holding was established in 2004. * ''2004'': Madinat Jumeirah opened, as a themed Arabian resort. * ''2005'': Dubai Studio City was announced. * ''2005'': du launched in 2005, with the mission to connect people and businesses through mobile, telephone, broadband and IPTV services across the UAE. * ''2005'': Dubai International Academic City opened. * ''2006'': Emirates International Communications (EIT) launc ...
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Investment Company
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities law, there are at least three types of investment companies: * Open-End Management Investment Companies (mutual funds) *Face amount certificates companies: very rare. *Management companies * Closed-End Management Investment Companies ( closed-end funds) * UITs (unit investment trusts): only issue redeemable units. In general, each of these investment companies must register under the Securities Ac ...
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Dubai Banking Group
Dubai Banking Group is the global shari'a compliant financial investor of Dubai Group with assets valued at over USD 10 billion ( AED 36.7 billion). The group was established in 2007 when Dubai Islamic Investment Group, founded in 2004, and Dubai Bank, founded in 2002, consolidated their activities to form Dubai Banking Group. Dubai Banking Group's major investments include: * 100% ownership of Dubai Bank * 100% ownership of Dubai Tadawul, a Dubai-based private brokerage company * 51% stake in Al Fajer Re-Takaful, a closed Kuwaiti shareholding company * 40% stake in Bank Islam, Malaysia's oldest and largest Islamic bank * 40% stake in ACR Re-Takaful Holdings Limited, the world's largest reinsurance company * 33.33% stake in National Bonds UAE, the national Shari'ah-compliant saving scheme * 18.75% stake in BankIslami Pakistan, the first bank to receive an Islamic Banking License in Pakistan
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Noor Investment Group
Noor or Nour may refer to: People * Noor (name) *Queen Noor of Jordan Fiction * ''Noor'' (film), a 2017 Bollywood film * ''Noor'' (play), a 2009 play by Akbar Ahmed *''Noor'', a 2020 Pakistani television series with Usama Khan * ''Noor'' (novel), a 2022 Africanfuturist novel by Nnedi Okorafor *''Noor'', an album by the metal band Adorned Brood *''Noor'', the Arabic title for Turkish soap opera '' Gümüş'' and a character in the series Places *Noor (Meuse), a river in the Netherlands and Belgium * Noor, Iran, a city in northern Iran and capital of the Noor county * Noor County, a county in Mazandaran Province in Iran * Noor Palace, Sweden Other uses * Noor (horse), an Irish-bred Thoroughbred racehorse * Nūr (Islam), a concept in Islam *Noor (missile), a version of C-802 * Noor (satellite), a series of satellites; included the first Iranian military satellite * NOOR photo agency, a documentary photography collective and foundation * Ouarzazate solar power station (Noor 1), a co ...
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Companies Based In Dubai
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 per ...
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