The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 2nd largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
The Islamic Development Bank is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia.
FGB was the third largest bank by assets in the United Arab Emirates (UAE), until it merged with the National Bank of Abu Dhabi in December 2016 to form First Abu Dhabi Bank, creating the largest bank by assets in the UAE. Established in 1979, FGB is headquartered in the Emirate of Abu Dhabi. FGB offers a wide range of financial services in the wholesale, consumer, and treasury banking sectors, including Islamic banking and bancassurance solutions for businesses and consumers via a network of branches across the UAE. Internationally, FGB has a branch in Singapore - that includes global wealth management services and a branch in Qatar, representative offices in London, India, Hong Kong, and Seoul, South Korea, and a subsidiary in Libya.
The Dubai Islands, formerly known as the Deira Islands are four undeveloped artificial islands off the coast of Deira, Dubai, United Arab Emirates. The project was initially called Palm Deira and was planned to be part of the Palm Islands. As of 2021, little development has taken place on the islands due to the financial crisis of 2007–2008.
Mohamed Ali Alabbar is an Emirati businessman, best known as the founder of Emaar Properties, the developer of assets such as the Burj Khalifa and the Dubai Mall, as well as the founder and chairman of Eagle Hills, an Abu Dhabi-based private investment and real estate development company.
In 2007, the financial sector of Morocco maintained an economic environment conducive to further growth of banking activity following a very good year for the sector in 2006. Morocco's banks have been largely unaffected by the credit crisis due to their limited connection to global financial markets. The number of people with a bank account increased from 25% in 2007 to 29% in 2008, while deposits rose by 11.1% to a record Dh572.3bn (€51.5bn), 20% of which belong to Moroccan nationals living abroad. Private banks are increasingly moving towards universal banking, buying companies in all segments of the financial industry. While GDP advanced 5.6% in 2008, outstanding loans jumped 23% to a record Dh519.3bn (€46.74bn) as more people bought and furnished property. As the rest of the world saw lending dry up, Moroccan banks issued more loans, showing 2.6% growth in the first five months of 2009.
Turkey and the United Arab Emirates share extensive cultural, military and economic ties, but relations have substantially deteriorated since Arab Spring, however, relations did start to recover in recent years.
Mawarid Finance is a private joint stock company in Dubai, United Arab Emirates, providing Shari'a-compliant financial services. It was founded in 2006 with a paid-up capital of AED 1 billion. All of its products are based on Islamic financial principles such as Ijarah, Istisnaa, Murabaha, Mudharaba, Musharaka, Kafalah and Wakala and its practices are governed by a full Sharia board.
Sheikh Saud bin Saqr Al Qasimi is the current ruler of the Emirate of Ras Al Khaimah, one of the seven emirates of the United Arab Emirates. He became the chief of the ruler’s Emiri court in 1979, the head of the Municipal Council in 1986, and the Crown Prince and Deputy Ruler of the Emirate in June 2003. Then, he officially became the ruler of the Emirate of Ras Al Khaimah in 2010 after his father’s death.
DAMAC Properties is an Emirati property development company, based in Dubai, in the United Arab Emirates. In January 2015, DAMAC Properties was publicly listed on the Dubai Financial Market. The company operates internationally, providing residential, commercial and leisure properties and has offices in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iran, Oman, and the United Kingdom.
NBAD Private Bank (Suisse) SA is a Swiss private bank located in the heart of Geneva. It provides private banking services for private clients. It is an independent and wholly owned subsidiary of the National Bank of Abu Dhabi Group.
Reem Bint Ebrahim Al Hashimy is an Emirati politician who is the Minister of State for International Cooperation in the United Arab Emirates' Ministry of Foreign Affairs and International Cooperation.
TECOM Group PJSC is a public company headquartered in Dubai, the United Arab Emirates, and traded on the Dubai Financial Market (DFM) under the symbol TECOM. Prior to the IPO, TECOM Group was a member of owned by Dubai Holding, a UAE state-owned enterprise. Currently, Dubai Holding remains one of the stakeholders of TECOM Group.
Ras Al Khaimah (RAK) is the largest city and capital of the Emirate of Ras Al Khaimah, United Arab Emirates. It is the sixth-largest city in UAE after Dubai, Abu Dhabi, Sharjah, Al Ain and Ajman. The city is divided by a creek into two parts: old town in the west and Al Nakheel in the east.
Faisal Al Bannai is an Emirati business executive who is known as a leader in defence technology and advanced research. He also serves as secretary general of the Advanced Technology Research Council (ATRC) and chairman of the board of directors of EDGE Group.
Sheikha Latifa bint Mohammed bin Rashid Al Maktoum is the chairperson of Dubai Culture & Arts Authority and a member of Dubai Council. She is also the vice chairman of Emirates Literature Foundation, a board member of Mohammed bin Rashid Global Initiatives and honorary president of the Association of Graduates of Zayed University in Dubai.
Mohammed Abdulla Jumaa Alqubaisi is a UAE national and also the Chairman of Finance House, a UAE finance company headquartered in Abu Dhabi.
The Trojan Construction & Holding Group, is a UAE based construction company headquartered in Abu Dhabi, United Arab Emirates. It was founded in the year 2012 by Eng. Hamad Al Ameri. It is a subsidiary and construction vertical of Alpha Dhabi Holding.
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.
The Targeted Economic Support Scheme (TESS) is a stimulus package launched by the Central Bank of the United Arab Emirates in March 2020 in response to the economic impacts of the COVID-19 pandemic. The TESS consisted of 50 billion United Arab Emirates dirham in funding from the bank and 50 billion freed up from the capital buffers of the banks, which were used to provide collateralized loans at zero cost to participating banks. These loans were used to grant temporary relief to eligible customers for a period of up to six months.
