ETA Star Group is an investment company headquartered in Dubai, United Arab Emirates. It is a joint-venture between Al Ghurair and Tamil entrepreneur and philanthropist B.S. Abdur Rahman. [1] [2]
Established in 1973, ETA Star Group is a private company headquartered in Dubai employing about 70,000 people in 23 countries with annual sales of US$6.5 billion. [3] The ETA Star Group organization encompasses 140 entities and associate offices, with involvement in a number of verticals including automobiles, manufacturing, assembly, insurance, facility management, consumer electronics, real estate, contracting, engineering, aviation, hospitality, oil, natural gas, information technology, travel, leisure, trading, shipping and transportation. [4]
ETA has invested in nearly 100 divisions including General, an air conditioning manufacturer, in India. [5] [ citation needed ]
In Emirates Trading Agency Llc (part of the group) v Prime Mineral Exports Private Ltd., an obligation relating to engage in "friendly discussion" as the first stage of an agreed approach to resolving disputes was upheld as enforceable by the Commercial Court of England and Wales. [6]
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.
The World Islands are an archipelago of small artificial islands constructed in the shape of a world map, located in the waters of the Persian Gulf, off the coast of Dubai, United Arab Emirates. The World Islands are composed mainly of sand dredged from Dubai's shallow coastal waters and are one of several artificial island developments in the emirate. The World's developer is Nakheel Properties, and the project was originally conceived by Mohammed bin Rashid Al Maktoum, the ruler of Dubai. Construction was done by two Dutch joint-venture specialist companies, Van Oord and Boskalis. The same companies also created the Palm Jumeirah.
Emaar Properties 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.
The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering 110 ha, established in 2004 as a financial hub for companies operating throughout the Middle East, Africa, and South Asia (MEASA) markets.
Sheikh Ahmed bin Saeed Al Maktoum is an Emirati businessman and member of Dubai's ruling Al Maktoum family. He is the president of the Dubai Civil Aviation Authority, CEO and founder of the Emirates Group, and chairman of Dubai World.
The Emirates Group 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.
Legatum Limited, also known as Legatum, is a private investment firm, headquartered in Dubai, United Arab Emirates. Legatum is a partnership that uses its own funds to invest globally. The firm also invests in activities to promote entrepreneurship and free enterprise as well as anti-slavery, health and education initiatives.
Arabtec Holding PJSC, Dubai's most heavily traded and largest construction group in GCC together with its subsidiaries, provided construction services for residential, commercial, oil and gas, infrastructure, power, facilities management, and property development sectors in the United Arab Emirates and internationally. It operated through Construction; Mechanical, Electrical and Plumbing; Oil & Gas, Infrastructure and Power; and other segments. The company was involved in the construction of high-rise towers, buildings, and residential villas, as well as drainage, electrical, mechanical, and plumbing contracting, and civil and infrastructure construction works. It also engaged in real estate investment, development, leasing, and management activities. In addition, the company manufactured precast panels and steel structures, as well as ready-mixed concrete
TransAsia Gas International LLC is an energy investment company based in Dubai, United Arab Emirates. It is a subsidiary of Al-Ghurair 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.
Pakistanis in the United Arab Emirates include expatriates from Pakistan who have settled in the United Arab Emirates (UAE), with a population of over 1.5 million, Pakistanis are the second largest national group in the UAE after Indians, constituting 12.5% of the country's total population. They are the third largest overseas Pakistani community, behind the Pakistani diaspora in Saudi Arabia and the United Kingdom. The population is diverse and consists of people from all over Pakistan, including Punjab, Sindh, Khyber Pakhtunkhwa and FATA, Balochistan, Azad Kashmir and Gilgit Baltistan. The majority of Pakistanis are Muslim, with significant minorities of Christians, Hindus and other religions. The majority are found in Dubai and Abu Dhabi respectively, while a significant population is spread out in Sharjah and the remaining Northern Emirates. Dubai alone accounts for a Pakistani population of 400,000.
CashU is an Arabic fintech company providing a digital wallet and online payment services for customers in the Middle East and North Africa (MENA) region. The company was founded as a technology startup in July 2002 in association with online service company Maktoob in Amman, Jordan. It provided payment services for Maktoob online services. The company went through a number of rounds of investment from venture capital funds.
Sunny Varkey is an Indian education entrepreneur and philanthropist based in Dubai. He is the founder and executive chairman of the global advisory and educational management firm GEMS Education, which is the largest operator of private kindergarten-to-grade-12 schools in the world, with a network of over 80 schools in over a dozen countries.
Crescent Enterprises is a multinational company headquartered in the Emirate of Sharjah, United Arab Emirates. The company operates through four platforms: CE-Operates, CE-Invests, CE-Ventures, and CE-Creates, across sectors that include ports and logistics, food and beverages, and business aviation, as well as across business verticals, such as private equity, venture capital, and business incubation.
Muhammed Ghassan Aboud is a Syrian entrepreneur. He is one of the founding members of the Syrian Business Council and the Ghassan Aboud Group. Based in the United Arab Emirates, Aboud was listed in the 2018 issue of the Top 50 Most Influential Expats in the UAE by Forbes Middle East. In 2019, his net worth was estimated at $1.75 billion by Forbes magazine.
Souq.com was the largest e-commerce platform in the Arab world. The company launched in 2005 in Dubai, United Arab Emirates. On March 28, 2017, Amazon.com Inc. acquired Souq.com for $580 million as a subsidiary. On May 1, 2019, Souq.com UAE became known as Amazon.ae, while on June 17, 2020, Souq.com KSA became known as Amazon.sa. On September 1, 2021, Souq.com Egypt became known as Amazon.eg, marking the end of Souq.com.
Fadi Ghandour is a Lebanese Jordanian entrepreneur, investor, and philanthropist. He is the Executive Chairman of Wamda, a platform that builds and invests in entrepreneurship ecosystems across the Middle East and North Africa, Turkey and East Africa through Ecosystem Development programs and a venture capital fund investing in technology-enabled companies that operate in these markets.
Investment Corporation of Dubai is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.
JM Financial (JMFL) is an Indian financial services group headquartered in Mumbai and has branches across India. It also has overseas branches in Ebene, Singapore, New Jersey and Dubai although almost all the group's business are domestic operations in India.