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Dubai World
Dubai World () 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 (archipelago), The World developments, and Istithmar World, its investment company. Ahmed bin Saeed Al Maktoum chairs it. 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 global cities. The group no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai World Company Logo
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the List of cities in the United Arab Emirates#Major cities, most populous city in the United Arab Emirates and the capital of the Emirate of Dubai. It is located on a Dubai Creek, creek on the south-eastern coast of the Persian Gulf, Persian Gulf. As of 2025, the city population stands at 4 million, 92% of whom are Expatriates in the United Arab Emirates, expatriates. The wider urban area includes Sharjah and has a population of 5 million people as of 2023,https://www.demographia.com/db-worldua.pdf while the Dubai–Sharjah–Ajman metropolitan area counts 6 million inhabitants. Founded in the early 18th century as a Cultured pearl, pearling and fishing settlement, Dubai became a regional trade hub in the 20th century after declaring itself a f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DP World
DP World is a 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 port operator, but 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 South Container Terminal (SCT). DPI then began operations at the ports of Djibouti in 2000, Vizag, India in 2002 and Constanța, Romania in 2003. In January 2005, DPI acquired CSX World ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
P&O Ferries
P&O Ferries is a British shipping company that operates ferry, ferries from Scotland to Northern Ireland, and from England to Continental Europe (France, Belgium and the Netherlands). The company was created in 2002 through mergers and acquisitions within P&O (company), P&O. It has been owned by Dubai-based DP World since 2019. History 1960s–1989 P&O (company), P&O originally established ferry services in the late 1960s in the North Sea between Hull and Rotterdam and the English Channel between Southampton and Le Havre. In the late 1970s P&O was affected by a reduction in traditional shipping activities which saw the sale of a number of its businesses and assets. This continued into 1985 with the sale of its cross-channel ferry activities to European Ferries, which at the time consisted of services on the Port of Dover, Dover–Boulogne and Portsmouth–Le Havre routes the latter having transferred from Southampton in December 1984. In January the following year, P&O purc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea, Indonesia is the world's largest archipelagic state and the List of countries and dependencies by area, 14th-largest country by area, at . With over 280 million people, Indonesia is the world's List of countries and dependencies by population, fourth-most-populous country and the most populous Islam by country, Muslim-majority country. Java, the world's List of islands by population, most populous island, is home to more than half of the country's population. Indonesia operates as a Presidential system, presidential republic with an elected People's Consultative Assembly, legislature and consists of Provinces of Indonesia, 38 provinces, nine of which have Autonomous administrative divisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sultan Ahmed Bin Sulayem
Sultan Ahmed bin Sulayem (Arabic: سلطان أحمد بن سليم, born 1955) is an Emiratis, Emirati businessman. He is the chairman and chief executive officer (CEO) of DP World and the chairman of the Ports, Customs & Free Zone Corporation. Family and education Sultan Ahmed bin Sulayem was born to The Sulayem family, one of Dubai's most prominent business and political families since the early 20th century. His father was a key advisor to Dubai's ruling House of Maktoum, Maktoum family. He did graduation in economics from Temple University in Philadelphia. Business career Bin Sulayem worked as a customs officer at Dubai's port after graduating from college in the late 1970s. He was appointed by Sheikh Mohammed bin Rashid Al Maktoum to be chairman of the Jebel Ali Free Zone (JAFZA) in 1985. He oversaw its rapid expansion, with JAFZA growing from hosting 19 companies in the mid-1980s to roughly 7500 as of 2020. Bin Sulayem was made DP World chairman in 2007 and was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emirates (airline)
Emirates is one of the two flag carriers of the United Arab Emirates (the other being Etihad Airways). Based in Al Garhoud, Garhoud, Dubai, the airline is a subsidiary of The Emirates Group, which is owned by the government of Dubai's Investment Corporation of Dubai. It is the largest airline in the Middle East, operating more than 3,600 flights per week from its hub at Dubai International Airport Terminal 3, Terminal 3 of Dubai International Airport. It operates in more than 150 cities in 80 countries across six continents on its fleet of nearly 250 aircraft. Cargo operations are undertaken by Emirates SkyCargo. Emirates is the world's World's largest airlines#By scheduled passenger-miles flown (millions), third-largest airline by scheduled revenue passenger-kilometers flown. It is also the World's largest airlines#By scheduled freight ton-kilometers (millions), second-largest in terms of freight tonne-kilometers flown. During the mid-1980s, Gulf Air began to cut back its s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Debt Restructuring
The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history. A second debt restructuring in 2010 brought the percentage of bonds under some form of repayment to 93%, though ongoing disputes with holdouts remained. Bondholders who participated in the restructuring settled for repayments of around 30% of face value and deferred payment terms, as well as warrants that paid investors based on annual economic growth as part of the same offer, and began to be paid punctually; the value of their nearly worthless bonds also began to rise. The remaining 7% of bondholders were later repaid 25% less than they were demanding, after centre-right and US-aligned leader Mauricio Macri came to power in 2015. As part of the restructuring process, Argentina drafted agreeme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as private equity funds 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 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 International Moneta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ... [...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 Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...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 Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, 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'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammed Bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum (; born 15 July 1949) is an Emirati politician and royal who is the current ruler of Dubai, and serves as the Vice President of the United Arab Emirates, vice president and Prime Minister of the United Arab Emirates, prime minister of the UAE. Mohammed succeeded his brother Maktoum bin Rashid Al Maktoum as UAE vice president, UAE prime minister, and ruler of Dubai 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". There is a blurred line between the assets of the Government of Dubai and those of the ruling House of Maktoum, Al Maktoum family. Land which is owned by him is managed as an asset of the state. He oversaw the growth of Dubai into a global city, as well as the launch of a number of government-owned enterprises including Emirates Airline, DP World, and the Jumeirah Group. Some of these are held by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
