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Emirates Investment Authority
The Emirates Investment Authority (EIA) is a sovereign wealth fund of the federal government of the United Arab Emirates. It was established in 2007, and the EIA has actively sought unique investment opportunities locally, regionally and internationally, focussing on investing in asset classes considered to help strengthen and diversify the UAE economy. Investments The EIA made two investments when it acquired major holdings in two Middle Eastern and North African telecommunications companies, Etisalat and du. Further investments are known to have been made in Gulf International Bank in Bahrain, the United Arab Shipping Company, and the Gulf Investment Corporation. In total, the EIA has acquired over 30 stakes in corporations across the GCC. Board Members The board of directors consists of: * Sheikh Mansour bin Zayed Al Nahyan Sheikh Mansour bin Zayed bin Sultan Al Nahyan (; born 20 November 1970), often referred to as Sheikh Mansour, is an Emirati royal and politician ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abu Dhabi
Abu Dhabi is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's List of cities in the United Arab Emirates, second-most populous city, after Dubai. The city is situated on a T-shaped island, extending into the Persian Gulf from the central-western coast of the UAE. Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. , Abu Dhabi's urban area had an estimated population of 2.5 million, out of 3.8 million in the emirate of Abu Dhabi. The Abu Dhabi Investment Authority is headquartered in the city, and was the Sovereign wealth fund#Largest sovereign wealth funds, world's 3rd largest sovereign wealth fund in 2022. Abu Dhabi itself has over a trillion US dollars worth of assets under management in a combination of various List of coun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mansour Bin Zayed Al Nahyan
Sheikh Mansour bin Zayed bin Sultan Al Nahyan (; born 20 November 1970), often referred to as Sheikh Mansour, is an Emirati royal and politician who is the current Vice President of the United Arab Emirates, vice president and List of prime ministers of the United Arab Emirates, deputy prime minister of the United Arab Emirates, as well as the minister of Presidential Court, presidential court and member of Al Nahyan family, the ruling family of Abu Dhabi. He is the brother of the current President of the United Arab Emirates, president of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, and is married to Sheikha Manal bint Mohammed Al Maktoum, daughter of Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. A billionaire, he holds stakes in a variety of football clubs through City Football Group, including Premier League club Manchester City F.C. Mansour is involved in various state-owned businesses in the UAE. He is chairman of the two UAE sovereign wealth funds (Emirates I ... [...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] |
United Arab Emirates
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab Emirates, seven emirates, with Abu Dhabi serving as its capital. It shares land borders with Oman to the east and northeast, and with Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran, and with Oman in the Gulf of Oman. , the UAE has an estimated population of over 10 million, of which 11% are Emiratis; Dubai is List of cities in the United Arab Emirates, its most populous city and is an international hub. Islam is the State religion, official religion and Arabic is the official language, while English is the most spoken language and the language of business. The United Arab Emirates Oil reserves in the United Arab Emirates, oil and natural gas reserves are the world's List of countries by pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The United Arab Emirates
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 3rd largest in the Middle East (after Turkey and Saudi Arabia ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. The UAE economy is heavily reliant on revenues from petroleum and natural gas, especially in Abu Dhabi. In 2009, more than 85% of the UAE's economy was based on the oil exports. In 2011, oil exports accounted for 77% of the UAE's state budget. In recent years, there has been some economic diversification, particularly in Dubai. Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification. Dubai has far smaller oil reserves than its counterparts. Tourism is one of the biggest non-oil sources of revenue in the UAE. A massive construction boom, an expanding manufacturing base, and a thriving services sector are helping the country to diversify its economy. In 2007, there was US $350 billion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Du (company)
Emirates Integrated Telecommunications Company P.J.S.C. (), commercially rebranded as ''du'' () in February 2007, is one of the two main telecom operators in the United Arab Emirates. du offers fixed line, mobile telephony, internet and digital television services across the UAE. It also provides carrier services, a data hub, internet exchange facilities and satellite service for broadcasters. It expanded its services in support of economic and social transformation of UAE and operates subsidiaries such as EITC Investment Holdings Limited, Edara (Telco Operations FZ-LLC), Smart Dubai Platform Project Company LLC and EITC Singapore PTE. LTD. History du mobile telecommunication services was launched in February 2007 under Emirates Integrated Telecommunications Company (EITC), a public joint stock company incorporated in Dubai through Ministerial Resolution No. 479 of 2005 issued on 28 December 2005. As of the first half of 2023, du has grown their mobile customer base to 8 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf International Bank
Gulf International Bank (GIB) () is a bank established in 1976. It is licensed by the Central Bank of Bahrain and headquartered in Manama in Bahrain Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which mak .... Board of directors * Dr. Abdullah bin Hassan Alabdulgader – Chairman of the board * Abdulla bin Mohammed Al Zamil – Vice ChairmanAnnual report 2019 gib.com * Abdulaziz bin Abdulrahman Al-Helaissi – Director, Group Chief Executive Officer, Gulf International Bank Chairman, Gulf International Bank (UK) Limited * Sultan bin Abdul Malek Al-Sheikh – Director * Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Arab Shipping Company
Hapag-Lloyd AG is a German international shipping and container transportation company, the 5th biggest in the world. It was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and Norddeutscher Lloyd. History The company was formed on 1 September 1970, by the merger of two German transportation/maritime companies, Hamburg-American Line (HAPAG), founded in 1847, and Norddeutscher Lloyd (known in English as North German Lloyd), which was formed in 1857. Since its formation, Hapag-Lloyd has seen changes among its shareholders and has also undergone a number of mergers with other companies. For instance, Hapag-Lloyd was completely acquired by, and became a subsidiary of TUI AG (Hanover) in 1998. This transition was followed by TUI selling a majority stake of Hapag-Lloyd to private investors in Hamburg in 2009 and further sales in 2012. Other important events in the history of the company include Hapag-Lloyd's acquisition of CP Ships in 2005 as well as Hapag-Lloyd's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdulla Bin Touq Al Marri
Abdulla bin Touq Al Marri (Arabic: عبدالله بن طوق المري; born 1982) is an Emirati politician. He has been the United Arab Emirates's Minister of Economy since July 2020 and is Chairman of the Securities and Commodities Authority. He is a former Secretary General of the UAE Cabinet, a supportive body within the government that assists it in implementing decisions. Education Al Marri holds a bachelor's degree in Civil Engineering, which he obtained at the University of Sheffield in 2005. He is a graduate of the UAE Government Leaders Program and the Mohammed Bin Rashid Center for Leadership Development. Career Al Marri joined the Prime Minister's Office in 2007, moved on to become Director General of the Executive Office, then CEO and later Cabinet Member of the Dubai Future Foundation. He was appointed Secretary-General of the UAE Cabinet in October 2017. He is chairman of the General Civil Aviation Authority The General Civil Aviation Authority (GCAA, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sultan Al Jaber
Sultan Ahmed Al Jaber, (; born August 31, 1973) is an Emirati politician who is the minister of industry and advanced technology of the United Arab Emirates, head of the Abu Dhabi National Oil Company (ADNOC), and chairman of Masdar. Al Jaber is the UAE's special envoy for climate change, and the president of the COP28 climate talks. His appointment as head of the COP28 climate talks was strongly criticized by environmentalists due to his track record at ADNOC. As head of ADNOC, Al Jaber has overseen a substantial expansion of gas and oil production at the same time that fossil fuel industries are under pressure to reduce output in order to mitigate climate change. Early life and education A native of the UAE, Al Jaber was born on 31 August 1973 in Umm Al Quwain, UAE. He holds a BSc in Chemical Engineering from the University of Southern California, a PhD in business and economics from Coventry University, and an MBA from the California State University at Los Angeles. His ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khaled Mohamed Balama
Khaled Mohammed Salem Balama Al Tameemi is the current governor of the Central Bank of the United Arab Emirates (CBUAE). He has over 30 years of experience in the fields of banking, financial services, asset management, and investments. Balama was born in the United Arab Emirates and studied finance at Indiana University School of Business (now Kelley School of Business), where he received a Bachelor of Science degree in 1990. He has been a Chartered Financial Analyst (CFA) since 1995. He has held various senior positions at the Abu Dhabi Investment Authority, including executive director of the Real Assets Department. Balama was appointed governor of CBUAE on 5 April 2021. As governor, he is responsible for overseeing the functions of ensuring the UAE's monetary and financial stability. He has overseen several initiatives, including the Targeted Economic Support Scheme (TESS). In September 2021, CBUAE issued new guidance to help financial institutions combat money laundering and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance In The United Arab Emirates
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
