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Finablr
Finablr was a financial services holding company that operated between 2018 and 2020. It was listed on the London Stock Exchange, but its shares were suspended and subsequently delisted from trading in 2020 after a financial scandal. The company was bought by Prism Group AG and Abu Dhabi's Royal Strategic Partners in Dec 2021 and rebranded as WizzFinancial. History Foundation and IPO The company was established by the Indian-born former billionaire B. R. Shetty in April 2018. Initial investments included UAE Exchange, which Shetty acquired in 1980, and Travelex, which was acquired in 2014. In October 2018, Finablr brands, Travelex and Swych, launched a cross-border shopping solution for WeChat Pay users. In November 2018, Finablr acquired India's digital payments firm TimesofMoney from Network International to capitalise on the growth of e-commerce. Also in November 2018, Finablr became a majority shareholder of Swych, a digital gifting platform. The company was the subject of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UAE Exchange
UAE Exchange (; ''Markaz Al'Imarat Alearabiat Almutahidat Lilsarafa'') was a United Arab Emirates-based company dealing primarily in remittance, foreign exchange and bill payment services. The company was headquartered in Abu Dhabi, UAE, and operates through 800 locations across 31 countries either as UAE Exchange, or Unimoni. The business has over 9,000 employees across 40 countries. It is one of the largest remittance companies and has an extensive network in the Middle East and Asia with particular emphasis on India where over 40% of its offices and staff are located. International brands In 2018, UAE Exchange started to change its brand to “Unimoni” in locations outside the UAE. This initially started with retail presence in India, Fiji, Canada, and Australia. Since then, markets such as Hong Kong and Tanzania, as well as others, have been renamed Unimoni. History Foundation and growth UAE Exchange established its first branch and operations in Abu Dhabi, UAE in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Travelex
Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough, United Kingdom. Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance. Travelex operates more than 600 stores and 700 ATMs in over 20 countries. History Travelex was founded as Express Exchange by Dorfman and opened its first branch in central London in 1976. By 1978 the company had four central London stores. The company experienced growth in the 1980s, opening its first international store in 1984 in Rotterdam, and its first store at Heathrow Terminal 4 in 1986. Express Exchange subsequently became Travellers Exchange Corporation — or Travelex — when abbreviated. Travelex expanded throughout the US and into the APAC region in the 1990s. The company also undertook a series of investments, acquisitions and takeovers during this period, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernst & Young
EY, previously known as Ernst & Young, is a multinational corporation, multinational professional services partnership, network based in London, United Kingdom. Along with Deloitte, KPMG and PwC, it is one of the Big Four accounting firms, Big Four accounting firms. The EY network is composed of member firms of Ernst & Young Global Limited, a UK company Company limited by guarantee, limited by guarantee. EY is one of the largest professional services networks in the world. It primarily provides assurance services, assurance, tax, Information technology, information technology services (including managed services in areas like Cybersecurity, Cloud computing, Cloud, Digital transformation, Digital Transformation and Artificial intelligence, AI), management consulting, consulting, and Corporate services, advisory services to its clients. Ernst & Young Global Limited operates as a network of member firms which are structured as separate legal entities in a partnership, which has 395 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the Legal liability, liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emaar Group
Emaar Properties (or simply Emaar) is an Emirati real estate development company located in the United Arab Emirates. The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE's sovereign wealth fund Investment Corporation of Dubai. It is a public joint-stock company, listed on the Dubai Financial Market, and has a valuation of US$16.8 billion as of August 2023 against the Net Asset Valuation of US$37.6 billion (AED 138.1B) as of December 2022 based on the valuation of assets done by third party valuer. Emaar has played a pivotal role in shaping the modern skyline of Dubai and has expanded its footprint internationally. Emaar Properties Dubai is one of the largest real estate developers in the UAE and is known for various large-scale projects, such as building Burj Khalifa, the tallest building in the world. History 1997–2005 Emaar Properties was founded and incorporated in 1997 by chairman Mohamed Alabbar. Emaar has interests in both commercial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PricewaterhouseCoopers
PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, along with Deloitte, EY, and KPMG. The PwC network is overseen by PricewaterhouseCoopers International Limited, an English private company limited by guarantee. PwC firms are in 140 countries, with 370,000 people. 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe, and 5% in Middle East and Africa. The company's global revenues were US$50.3 billion in FY 2022, of which $18.0 billion was generated by its Assurance practice, $11.6 billion by its Tax and Legal practice and $20.7 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration In United Kingdom Law
Administration in United Kingdom law is the main kind of procedure in UK insolvency law when a company is unable to pay its debts. The management of the company is usually replaced by an insolvency practitioner whose statutory duty is to rescue the company, save the business, or get the best result possible. While creditors with a security interest over all a company's assets could control the procedure previously through receivership, the Enterprise Act 2002 made administration the main procedure. History The Insolvency Act 1986, Schedule B1 contains the procedure for a company entering administration, as updated by the Enterprise Act 2002. It was first introduced following the Cork Report's priorities for transparency, accountability and collectivity and, crucially, fostering a rescue culture for business. Appointment In general the conditions for a court to grant an administration order are first, whether the company is insolvent, or 'is or is likely to become unable to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hazza Bin Zayed Bin Sultan Al Nahyan
Sheikh Hazza bin Zayed bin Sultan Al Nahyan (; born 2 June 1965) is the younger brother of the President of the United Arab Emirates Mohamed bin Zayed Al Nahyan, Sheikh Mohamed bin Zayed Al Nahyan, Ruler's Representative of Al Ain Region of the Emirate of Abu Dhabi, former National Security Advisor of the UAE and Deputy Chairman of Abu Dhabi Executive Council. Early life He is the fifth son of Zayed bin Sultan Al Nahyan, Sheikh Zayed bin Sultan Al Nahyan, the founder and first President of the United Arab Emirates. His mother is Fatima bint Mubarak Al Ketbi, Sheikha Fatima bint Mubarak Al Ketbi and he has five full-brothers: Mohammed bin Zayed Al Nahyan, Mohammed, Hamdan bin Zayed bin Sultan Al Nahyan, Hamdan, Tahnoun bin Zayed Al Nahyan (national security advisor), Tahnoun, Mansour bin Zayed Al Nahyan, Mansour, and Abdullah bin Zayed Al Nahyan, Abdullah. Career *Appointed by the Federal Decree No. (91) of 2006 issued by His Highness the Head of State for National Security Advi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammed Bin Zayed Al Nahyan
Mohamed bin Zayed Al Nahyan (born 11 March 1961), also known as MbZ, is an Emirati royal and politician who is serving as the third and current president of the United Arab Emirates and ruler of Abu Dhabi since 2022. Mohamed completed his education in Abu Dhabi and Al Ain and graduated from the Royal Military Academy Sandhurst in April 1979. He later joined the United Arab Emirates Armed Forces, UAE Armed Forces and held various posts before becoming a pilot in the United Arab Emirates Air Force, UAE Air Force; he was promoted to General officer, general in 2005. Mohamed is the third son of Sheikh Zayed bin Sultan Al Nahyan, the first president of the UAE and the 16th ruler of Abu Dhabi. Mohamed became the crown prince of Abu Dhabi in November 2004, following the death of his father, when his brother, Khalifa bin Zayed Al Nahyan, Sheikh Khalifa became the second president of the UAE and the ruler of Abu Dhabi. In 2014, Sheikh Khalifa suffered a stroke and Mohamed became the '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hayel Saeed Anam Group
The Hayel Saeed Anam & Co. (Arabic: هائل سعيد أنعم وشركاه) is a multi-billion dollar conglomerate active in the Middle East, Africa, Europe, and South East Asia. The group is owned and managed by the Saeed Anam family. The group today has grown to own over 92 companies in various regions, including Yemen, Saudi Arabia, UAE, Malaysia, Indonesia, Egypt, United Kingdom, Kenya, and Nigeria. History The history of the group dates back to 1938, when Hayel Saeed Anam and his brothers, Mohamed Saeed An'am, Abdu Saeed Anam, and Jazem Saeed Anam founded a retail store in Aden, Yemen Yemen, officially the Republic of Yemen, is a country in West Asia. Located in South Arabia, southern Arabia, it borders Saudi Arabia to Saudi Arabia–Yemen border, the north, Oman to Oman–Yemen border, the northeast, the south-eastern part .... Five years later, they founded an import and export company based in Aden which paved the way for their growing business. In 1950, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majid Al Futtaim Group
Majid Al Futtaim Holding () is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa. The firm was established by Majid Al Futtaim in 1992 and is best known as the owner of the Mall of the Emirates in Dubai and being the franchisee of French hypermarket chain Carrefour in the Middle East, North Africa and Central Asia. In 2023, MAF had AED 34.5 billion in revenues and AED 2.7 billion in net profit. History MAF Holding was founded in 1992 when Majid Al Futtaim left the retail-oriented family business, led by his brother, Abdulla, and created a new firm to run his real estate and property management concerns. The break-up of the two firms was finalized in 2000 when the head of Dubai Sheikh Mohammed bin Rashid Al Maktoum arbitrated an agreement between the two siblings that divided their assets, liabilities and business divisions. In December 2018 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of The United Arab Emirates
The Central Bank of the United Arab Emirates () (Central Bank of the UAE or CBUAE) is the state institution responsible for managing the currency, monetary policy, banking and insurance regulation in the United Arab Emirates. History The Qatar and Dubai Currency Board was established in 1966, and split in 1973 into separate arrangements for Qatar and the UAE respectively. In the latter, its successor was the United Arab Emirates Currency Board, which was actually a fully-fledged central bank rather than a mere currency board but adopted that name to reassure investors about monetary stability. That "Currency Board" was established on 19 May 1973. This followed the creation of the UAE as an independent state in 1971. The original purpose of the UAE Currency Board was to issue an independent currency for the new state to replace the existing currencies in use: the Qatari riyal and the Bahraini Dinar. The new UAE dirham entered circulation on the same day the Currency Board was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
