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Investment Corporation Of Dubai
Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, with a mandate to invest funds on behalf of the Government of Dubai, and manage their portfolio of investment companies. At 2022, ICD reported assets worth US$305 billion and revenue of $62 billion. History ICD was set up on 3 May 2006 under Emiri decree 11 of 2006 issued by Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai. In 2007, the Government of Dubai transferred the majority stake in Emirates Bank International (EBI), National Bank of Dubai (NBD), Dubai World Trade Center, Emirates National Oil Company, Emirates Global Aluminium, Borse Dubai, Emirates Airlines, dnata and CBME to Investment Corporation of Dubai. In the same year, the merger of EBI and NBD took place and Emirates National Bank of Dubai (ENBD) was formed with a market capitalization of more than $11.3 Billion. The G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharia
Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a part of the Islamic tradition. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam, particularly the Quran and the Hadith. In Arabic, the term ''sharīʿah'' refers to God's immutable divine law and is contrasted with ''fiqh'', which refers to its human scholarly interpretations. In the historical course, fiqh sects have emerged that reflect the preferences of certain societies and state administrations on behalf of people who are interested in the theoretical (method) and practical application (Ahkam / fatwa) studies of laws and rules, but sharia has never been a valid legal system on its own. It has been used together with " customary (Urf) law" since Omar or the Umayyads. It may also be wrong to think that the Sharia, as a religious argument or belief, is entirely within or related to Allah's commands and prohibitions. Several non-graded crimes are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sukuk
Sukuk ( ar, صكوك, ṣukūk; plural of ar, صك, ṣakk, legal instrument, deed, cheque, links=no) is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds. Sukuk are defined by the AAOIFI ( Accounting and Auditing Organization for Islamic Financial Institutions) as "securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets." The Fiqh academy of the OIC legitimized the use of sukuk in February 1988.Visser, Hans. 2009. ''Islamic finance: Principles and practice.'' Cheltenham, UK and Northampton MA, Edward Elgar. p.63 Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.251 Sukuk were developed as an alternative to conventional bonds which are not considered permissible by many Muslims as they pay interest (prohibited or discouraged as Riba, or usury), and also may finance businesses involved in activities not permitted under Sharia (gambling, alcohol, pork ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf News
''Gulf News'' is a daily English language newspaper published from Dubai, United Arab Emirates. It was first launched in 1978, and is currently distributed throughout the UAE and also in other Persian Gulf Countries. Its online edition was launched in 1996. Through its owner Al Nisr Publishing, it is a subsidiary of the Al Tayer Group, which is chaired by Finance Minister Obaid Al Tayer. History and profile ''Gulf News'' was first launched in tabloid format on 30 September 1978 by UAE businessman Abdul Wahab Galadari; its offices were located on the Airport Road, Dubai. In November 1984, three UAE businessmen, purchased the company and formed Al Nisr Publishing. The new owners of the paper were Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. With the death of Abdullah Al Rostamani in 2006, his position on the board is held by a family nominee while the other directors remain. Under new ownership, ''Gulf News'' was relaunched on 10 December 1985 and was free to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandarin Oriental, New York
Mandarin Oriental, New York is a five-star hotel located in Manhattan's Deutsche Bank Center at Columbus Circle in New York City, managed by Mandarin Oriental Hotel Group. A part of the multi-use Time Warner Center development, the hotel opened in December 2003. In addition to its 248 guestrooms and suites, the hotel provides services for 64 residences."Backgrounder" on the hotel website The Mandarin Oriental is located more than above ground in the north tower of the (formerly Time Warner Center), a mixed-use development at |
Ssangyong Engineering And Construction
Ssangyong Engineering & Construction Co., Ltd. was founded in 1977 in Shinchon-dong Songpa-gu, Seoul, Korea. History The company was initially the construction arm of the South Korean ''chaebol'' SsangYong Group. Ssangyong Construction Co., Ltd was founded on October 18, 1977. It was renamed as Ssangyong Engineering & Construction Co., Ltd. in 1986 and began expanding overseas. The 1997 Asian financial crisis, which hit South Korea hard, led to the conglomerate's collapse due to the debts incurred by its automobile division. It was eventually broken up and its subsidiaries were spun off into separate companies under new management. These companies still retain the "Ssangyong" name but are not related. Performance Since its founding in 1977, Ssangyong E&C performed 135 projects in the world, totaling $9 billion in value spread throughout 20 countries including Singapore, Indonesia, Malaysia, Saudi Arabia, Jordan and India. The company has a portfolio that spans all areas of ... [...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] |
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] |
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 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] |
Commercial Bank Of Dubai
Commercial Bank of Dubai (CBD) is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than in assets, '' Gulf Business'' listed CBD as the 7th largest bank in the UAE, based on total assets. It also figures in the Dubai Financial Market index. History CBD was founded in 1969, by an Amiri Decree issued by the late Rashid Bin Saeed Al Maktoum. What started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, evolved into a National Public shareholding company by 1982. 80% of its shares are held by UAE nationals, while the other 20% are owned by Investment Corporation of Dubai (an investment division of the Dubai Government). CBD provides Wholesale, Corporate, Retail, Business, SME, Private and Affluent banking services. Financial data In 2019, Commercial Bank of Dubai reported a net profit of AED 1,400 million, an increase of 20.5% over 2018, and total assets of AED 88.1 billion. Operating income for 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
