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Dubai Inc.
"Dubai Inc." is a phrase used to describe a collection of diverse companies owned primarily by the government of Dubai. These state-controlled investment properties grew from what was just a vision of Sheik Mohammed bin Rashid Al Maktoum's predecessors in the year 2000. Since then, the ruling family has selected leading figures to "take over what proved to be one of the most extraordinary success stories in global investment and development." Some examples of local companies under Dubai Inc. include Dubai World, Dubai Holdings, Emirates, and investment subsidiaries under Dubai World, such as Dubai Ports World, Jebel Ali Freezone, Nakheel, P&O Ferries, and others. History Dubai, established in the early 19th century, is one of the seven emirates that form the United Arab Emirates. Despite being along the eastern edge of the Arabian Peninsula, Dubai is rather strategically located halfway between the financial capitals of London and Singapore, giving it access to a vast number o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai New Developments
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] |
Dubai Islamic Bank
The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975 by Haj Saeed Bin Ahmed Al Lootah. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. Bank Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint-stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full-service Islamic bank and the third-largest Islamic bank in the world. The Bank currently operates 90 branches across the UAE, is present in seven markets worldwide and is expanding its global footprint to further grow and develop the industry. Serving close to 1.7 million customers, DIB offers its growing consumer base an increasing range of innovative Sharia-compliant products and services. DIB Significant Subsidiaries and Associates Dar Al Sharia: Dar Al- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Duty Free
Dubai Duty Free (DDF) is the company responsible for the duty-free operations at Dubai International Airport and Al Maktoum International Airport. Founded in December 1983, DDF recorded first-year sales of US$20 million and has grown into one of the biggest travel retail operators in the world with a sales turnover of US$2.02 billion in 2019. Sheikh Ahmed bin Saeed Al Maktoum is the president of the Dubai Civil Aviation Authority and chairman of Dubai Duty Free. and Colm McLoughlin is the executive vice-chairman and CEO. DDF is a subsidiary of the government-owned Investment Corporation of Dubai. Foundation Aer Rianta, the operating company behind the world's first duty-free at Shannon Airport, was invited to present a proposal for the operations and management of a duty-free operation at Dubai International Airport. Up until this point, the airport had been served by a number of retail concessions managed by traders from Tvice-Chairmanbai. The plan was given to Sheikh M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Silicon Oasis
Dubai Silicon Oasis known as DSO ( ar, واحة دبي للسيليكون) is a free-trade zone established by the Dubai government in 2003, spanning an area of 7.2 square kilometers. History In 2003, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, officially announced the Dubai Silicon Oasis to operate under the Dubai Airport Free Zone Authority. In 2005, Dubai Silicon Oasis was appointed as an independent authority according to Decree No. 16, and that Dubai Silicon Oasis Authority (DSOA) has received its land spanning an area of 7.2 million square meters, to continue the establishment process of the DSO. In 2006, the infrastructure of the DSO establishment was completed and recognized free zone. In the same year, began the completion of the first phase DSOA's Headquarters, the construction of the 560 Semmer Villas Project, and the completion of the road works, electricity, utilities, and telecommunications network. In 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai World Trade Centre
The Dubai World Trade Centre (DWTC) ( ar, مركز دبي التجاري العالمي), historically called Sheikh Rashid Tower, is a 38-storey and a height 184 m skyscraper in Dubai, United Arab Emirates, which was erected in 1979. It is a purpose-built complex for events and exhibitions. The building is featured on the 100 dirham bank note. With over 1.3 million square feet of covered exhibition and event space, comprising 21 halls and over 40 meeting rooms across 3 floors, Dubai World Trade Centre hosts over 500 events annually. In 2015, the venue held 396 trade events and welcomed over 2.74 million visitors. History Built in 1979, designed by John R Harris and Partners (JRHP), the Sheikh Rashid Tower, as it was known back then, was amongst the earliest skyscrapers to be constructed in Dubai. Renamed after the late Sheikh Rashid Bin Saeed Al Maktoum, the 39-story Sheikh Rashid Tower no longer stands alone as it did when it was first built. It was inaugurated by Queen Elizabet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Airport Freezone
Dubai Airport Freezone (commonly abbreviated as DAFZ) is a free economic zone in Dubai, United Arab Emirates, providing company formation and business setup services in Dubai. DAFZ enables the following types of company formations: * Free Zone Company (FZCO), which is a limited liability company that can operate within the free zone, or a branch of an existing company. It is in the free zone area of the region, adjacent to the Dubai International Airport, Dubai, United Arab Emirates, UAE. * Branch of an existing foreign company iDubai Airport Freezonewith no unique requirements for a share capital. * Subsidiary company – A foreign company that can own 100% shares of a Dubai Free zone company. DAFZ is home to more than 2,000 registered businesses from over 20+ sectors and various industries with 20,000+ professionals. History DAFZ was established in 1996. It came into being as a part of the Government of Dubai, Dubai Government's strategic plan to make Dub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantis, The Palm
Atlantis The Palm, Dubai is a luxury hotel resort located at the apex of the Palm Jumeirah in the United Arab Emirates. It was the first resort to be built on the island and is themed on the myth of Atlantis but includes distinct Arabian elements. The resort opened on September 24, 2008 as a joint venture between Kerzner International Holdings Limited and Istithmar World. Hotel The 1,548 room nautically themed resort has two accommodation wings, consisting of the East and the West Tower, linked together by the Royal Bridge Suite. It is complemented by the Aquaventure water park and the Lost Chambers Aquarium, home to over 65,000 marine animals. Underwater rooms The Poseidon and Neptune Underwater Suites at Atlantis The Palm are two of only a tiny handful of underwater hotel rooms around the world, and regularly appear in lists of the world’s most unique accommodation. Measuring 165 square meters/1776 square feet in total, the upper, entrance floor is at ground level while t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emaar Properties
Emaar Properties (Emaar Developments or simply Emaar) is an Emirati multinational real estate development company located in the United Arab Emirates. It is a public joint-stock company, listed on the Dubai Financial Market, and has a valuation of US$15.5 billion as of June 2021. With six business segments and 60 active companies, Emaar has collective presence in 36 markets across the Middle East, North Africa, Asia, Europe and North America. Emaar Properties Dubai is one of the largest real estate developers in the UAE and is known for various large-scale projects such as developing Burj Khalifa, the tallest building in the world. In 2021 and 2022, Emaar generated controversy when their Marassi project on Egypt’s mediterranean coast caused widespread erosion and great environmental damage of nearby beaches. Widespread outrage on social and traditional media has since been directed at the real estate firm, demanding reimbursement and an explanation. Emaar is said to have devia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emirates National Oil Company
ENOC (the Emirates National Oil Company) is a global diversified state owned energy group and operates in oil, gas and coal industry. History Established in 1993, ENOC is a wholly owned company of the Government of Dubai, through the Investment Corporation of Dubai. In 1999 ENOC opened its first oil refinery, which produced and cost about AED 1.5 billion. In 2019, ENOC presented two new digital ventures under its accelerator program Next, which was launched the same year: Enoc Link, an automotive refueling service and Beema, an online vehicle insurance service. Operations ENOC is a multi-interest oil and gas group, and has operations in Dubai and Northern Emirates in UAE, although it does not have operations in Abu Dhabi, the largest of the emirates. One of its subsidiaries, ENOC Processing Company LCC (EPCL) runs the Jebel Ali refinery in Dubai. The ENOC Group comprises numerous related subsidiaries, across two main categories - energy operations and general services - ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cleveland Bridge & Engineering Company
Cleveland Bridge & Engineering Company was a UK bridge works and structural steel contractor based in Darlington. It built landmarks including the Victoria Falls Bridge in Zimbabwe; the Tees Transporter Bridge; the Forth Road and Humber suspension bridges in the UK; Hong Kong's Tsing Ma Bridge, and London's Wembley Stadium Arch. Cleveland Bridge's Dubai business fabricated and erected steel structures for the Burj Al Arab and Emirates Towers. The Darlington company went into administration in July 2021, owing £21m, and closed in September 2021. History Cleveland Bridge & Engineering Company was founded in 1877 with a capital of £10,000. The assets were sold to Charles Frederick Dixon in 1885. He registered his company on a Stock Exchange in 1893 and by 1913 there were 600 staff. In 1967, the company was acquired by The Cementation Company. Trafalgar House bought Cementation in 1970 and went on to acquire Redpath Dorman Long from Dorman Long Group in 1982. It merged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Emirates Group
The Emirates Group ( ar, مجموعة الإمارات) is a state-owned Dubai-based international aviation holding company headquartered in Garhoud, Dubai, United Arab Emirates, near Dubai International Airport. The Emirates Group comprises dnata, an aviation services company providing ground handling services at 126 airports, and Emirates Airline, the largest airline in the Middle East. Emirates Airlines flies to over 150 destinations across 6 continents, operating a fleet of over 250 wide-bodied aircraft. The airline has 170 aircraft on order worth US$58 billion. The Emirates Group has a turnover of approximately US$28.3 billion and employs over 105,000 employees across all its business units and associated firms, making it one of the biggest employers in the Middle East. The company is wholly owned by the Government of Dubai directly under the Investment Corporation of Dubai and as part of Dubai Inc. Head office The airline's head office is in the Emirates Grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Aerospace Enterprise
Dubai Aerospace Enterprise Ltd (DAE) ( ar, دبي لصناعات الطيران) is a global aviation services company and one of the largest aircraft leasing companies in the world. Headquartered in Dubai and with over 30 years in business, DAE's leasing and engineering divisions serve over 110 airline customers around the world from its seven locations in Dubai, Dublin, Singapore, New York, Miami, Seattle and Amman. DAE Engineering Located at the Queen Alia International Airport in Amman-Jordan, DAE's engineering division, Joramco has a facility offering maintenance, repair and overhaul services for aircraft from the Airbus, Boeing and Embraer fleets. DAE Capital DAE Capital specialises in aircraft leasing, financing and other management services. DAE Capital services over 110 customers in 55 countries across the globe. DAE Capital is the largest aircraft leasing firm in the Middle East. DAE Capital has an owned, managed, committed and mandated to manage fleet of approximately 42 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
