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Dubai World
Dubai World ( ar, دبي العالمية) is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. As a subsidiary of Dubai Inc., it is the emirate's flag bearer in global investments and has a central role in the direction of Dubai's economy. Assets include DP World, which caused considerable controversy when trying to take over six US ports, its property arm, Nakheel, which built The Palm Islands and The World developments, and Istithmar World, its investment company. It is chaired by Ahmed bin Saeed Al Maktoum. History Dubai World was established under a decree ratified on 2 March 2006 by Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. He is also the majority stakeholder in Dubai World. On 2 July 2006, it was launched as a holding company with more than 50,000 employees in over 100 cities around th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai World Company Logo
Dubai (, ; ar, wikt:دبي, دبي, translit=Dubayy, , ) is the List of cities in the United Arab Emirates#Major cities, 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 in Dubai, 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, Economy of Dubai, Dubai's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Island Global Yachting
An island or isle is a piece of subcontinental land completely surrounded by water. Very small islands such as emergent land features on atolls can be called islets, skerries, cays or keys. An island in a river or a lake island may be called an eyot or ait, and a small island off the coast may be called a holm. Sedimentary islands in the Ganges Delta are called chars. A grouping of geographically or geologically related islands, such as the Philippines, is referred to as an archipelago. There are two main types of islands in the sea: continental islands and oceanic islands. There are also artificial islands (man-made islands). There are about 900,000 official islands in the world. This number consists of all the officially-reported islands of each country. The total number of islands in the world is unknown. There may be hundreds of thousands of tiny islands that are unknown and uncounted. The number of sea islands in the world is estimated to be more than 200,000. The t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheikh
Sheikh (pronounced or ; ar, شيخ ' , mostly pronounced , plural ' )—also transliterated sheekh, sheyikh, shaykh, shayk, shekh, shaik and Shaikh, shak—is an honorific title in the Arabic language. It commonly designates a chief of a tribe or a royal family member in Arabian countries, in some countries it is also given to those of great knowledge in religious affairs as a surname by a prestige religious leader from a chain of Sufi scholars. It is also commonly used to refer to a Muslim religious scholar. It is also used as an honorary title by people claiming to be descended from Hasan ibn Ali and Husayn ibn Ali both patrilineal and matrilineal who are grandsons of the Islamic prophet Muhammad. The term is literally translated to " Elder" (is also translated to "Lord/Master" in a monarchical context). The word 'sheikh' is mentioned in the 23rd verse of Surah Al-Qasas in the Quran. Etymology and meaning The word in Arabic stems from a triliteral root connected with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Istithmar World
Istithmar World ("istithmar" (Arabic) for "investment" (English)) is an investment firm based in Dubai, United Arab Emirates (UAE). This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Originally known as "Istithmar," the company was renamed as "Istithmar World" in 2008. Istithmar World, which was created in 2003 as the investment firm of Dubai World specializes in private equity and alternative investment opportunities globally. In the five years since its inception, Istithmar World has built a portfolio of investments in markets ranging from North America and Europe to Asia and the Middle East, and across a variety of sectors, including consumer, industrial, financial services and real estate. An analysis of Istithmar's investment portfolio which included the investment of $3.8 billion with an associated $14 billion of debt, has not performed positively. In a number of cases, Istithmar has lost control of as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The World (archipelago)
The World Islands (Arabic: جزر العالم; ''Juzur al-Ālam'') are an archipelago of small artificial islands constructed in the shape of a world map, located in the waters of the Persian Gulf, off the coast of Dubai, United Arab Emirates. The World Islands are composed mainly of sand dredged from Dubai's shallow coastal waters, and are one of several artificial island developments in Dubai. The World's developer is Nakheel Properties, and the project was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. The construction was done by two Dutch (joint venture) specialist companies, Van Oord and Boskalis. The same companies also created the Palm Jumeirah. Construction of the 300 islands began in 2003, before being halted due to the financial crisis of 2007–2008. Though 60% of the islands were sold to private contractors in 2008, development on most of the islands has not started. As of July 2012, Lebanon Island was developed and was the only i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Palm Islands
The Palm Islands are three artificial islands, Palm Jumeirah, Deira Island and Palm Jebel Ali, on the coast of Dubai, United Arab Emirates. The Palm Islands were conceived around the same time as The World, another artificial island project in Dubai. Nakheel is the real estate developer of these artificial islands. Creation of the islands started in 2001 ending in 2006 to 2007, which has had a significant impact on ocean sediments and wildlife in the area. Islands Palm Jumeirah () is the site of numerous private residences and hotels. From the air, the archipelago resembles a stylized palm tree within a circle. Construction began in 2001 and was largely financed from Dubai's income from petroleum. By 2009, 28 hotels were opened on the site. Palm Jebel Ali () is a similar archipelago with a larger palm tree, a larger crescent around it and space between the crescent and the tree to dredge island boardwalks that circle the "fronds" of the "palm" and spell out an Arabic poem by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DP World
DP World is an Emirati multinational logistics company based in Dubai, United Arab Emirates. It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted for by their 82 marine and inland terminals present in over 40 countries. Until 2016, DP World was primarily a global ports operator, and since then it has acquired other companies up and down the value chain. History Early history Dubai Ports International (DPI) was founded in 1999. Its first project was at Jeddah, Saudi Arabia, collaborating with a local partner on the management and operation of the South Container Terminal (SCT). DPI then went on to develop operations at the ports of Djibouti in 2000, Vizag, India in 2002 and Constanta, Rom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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