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.
Nakheel Properties is a real estate development company based in Dubai, United Arab Emirates. The formal name of the company is Nakheel PJSC and it was a subsidiary of Dubai World and a private state-owned enterprise.
BankIslami Pakistan LTD. is a Pakistani Islamic bank based in Karachi, Pakistan. It has 400+ branches in 150 cities in Pakistan. It is the first Islamic commercial bank to receive the Islamic banking license under the Islamic banking policy of 2003 from the State Bank of Pakistan on March 31, 2005. MetaSol Ecom Business Consultant's The bank started its operations on 7 April 2006 and offers shariah-compliant retail banking, investment banking, consumer banking, and trade finance products. The bank intends to focus on wealth management as the core area of business and plans to soon launch proprietary products and integrated financial planning services. The bank has a nationwide presence. With the amalgamation of KASB on May 7, 2015, all 104 branches of KASB have become part of BankIslami’s branch network. BankIslami is now the 11th largest banking network in the country. The idea of BankIslami was conceptualized by MetaSol Ecom Business Consultant's Private Limited and Randeree family in late 2003. Mr. Nadeem was appointed as adviser to the sponsors on 16 March 2004 to formalize the idea. He presented the concept paper of BankIslami to sponsors on 24 March 2004. A detailed business plan was then prepared and a formal application was submitted to the State Bank of Pakistan on 26 May 2004. On the 26th of September 2005, Dubai Bank joined the sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the total capital.
Mohamed Kajoor Alabbar is an Emirati businessman known for founding Emaar Properties, a real estate development company involved in projects such as the Burj Khalifa and the Dubai Mall. He is also the founder and chairman of Eagle Hills, a private investment and real estate development company based in Abu Dhabi.
The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975 by Saeed Bin Ahmed Lootah. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the United Arab Emirates.
The Jumeirah Lakes Towers (JLT) is a large development in Dubai, United Arab Emirates which consists of 80 towers being constructed along the edges of three artificial lakes as well as the JLT Embankment of eight towers facing Jumeirah Islands. Initially JLT had four lakes, in late 2012 developer (DMCC) announced that lake Elucio would be drained and 55,000 m2 (590,000 sq ft) park would be created instead. Subsequently, Lake Allure has been renamed to JLT Lake. The total area covered by the lakes, waterways and landscaping will be 730,000-square-metre (7,900,000 sq ft). The towers will range from having 35 floors to having 45, except for the centerpiece, which is 66 floors. The tallest tower and the centerpiece of the entire complex is Almas Tower which is situated on its own island between Lake Almas West and Lake Almas East.
Azizi Bank is one of the largest commercial banks in Afghanistan. It has 56 branches including extension counters and around 88 automated teller machines across Afghanistan. The bank opened on June 13, 2006, and is headquartered in the Wazir Akbar Khan neighborhood of Kabul, Afghanistan. Mirwais Azizi is the founder and chairman of the bank.
The economy of Dubai represents a per capita gross domestic product as of 2022 of US$46,665. Dubai has substantially transformed over the last couple of decades. More than 90% of the population are foreigners.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is an Emirati royal and politician who serves as minister of finance of the United Arab Emirates, deputy ruler of Dubai and chairman of Dubai Media Incorporated. He was named as deputy ruler in February 2008 when his elder brother Hamdan was made crown prince. He served as deputy ruler alongside his uncle Sheikh Hamdan bin Rashid Al Maktoum until the latter's death in March 2021. Since then until 2023, he was the sole deputy ruler under his father Mohammed bin Rashid Al Maktoum's reign. In April 2023, his younger brother Sheikh Ahmed bin Mohammed Al Maktoum was also named deputy ruler. In September 2021, he was appointed deputy prime minister and finance minister of the UAE.
Noor Bank was established in January 2008, in Dubai - United Arab Emirates.
Khaleeji Commercial Bank BSC (KHCB) is an Islamic bank, headquartered in the Kingdom of Bahrain, and operating under a Retail Islamic Banking license granted by the Central Bank of Bahrain (CBB). It is a Public Bahraini Shareholding Company listed on the Bahrain Stock Exchange. KHCB offers a range of banking and Investment products and services to high-net-worth individuals, corporate entities, and financial institutions. These include commercial and corporate banking, wealth management, structured investment products and project financing facilities.
Bayut is a property classifieds website in the UAE. Bayut is a part of the Dubizzle Group, formerly known as Emerging Markets Property Group, which was the first homegrown Unicorn in the Arab region.
"Dubai Inc." is a phrase used to describe a diverse portfolio of companies owned primarily by the government of Dubai. These State-Controlled investment entities grew from what was a vision of Sheikh Mohammed bin Rashid Al Maktoum's predecessors in the year 2000. Since then, the ruling family has selected leading figures to "take over what has proven to be one of the most extraordinary success stories in global investment and development." Some examples of local companies under Dubai Inc. include Dubai World, Dubai Holdings, Emirates, and investment subsidiaries under Dubai World, such as Dubai Ports World, Jebel Ali Freezone, Nakheel, P&O Ferries, and others.
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.
Dubai Properties is a property development and management company based in Dubai, United Arab Emirates. The company is a member of the Dubai Holding group.
Mohammed Ibrahim Al Shaibani, is a non-royal government official in Dubai, UAE, currently serving as director general of The Dubai Ruler's Court, a government entity within the Emirate of Dubai.
Arada is a property development company based in Sharjah, in the United Arab Emirates.
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.
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.
Binghatti Holding is an Emirati real estate development company founded in 2008 with its headquarters in Dubai, United Arab Emirates. The company focuses on real estate, hospitality, and construction.
