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More than 85% of the UAE's economy was based on oil exports in 2009. [2] [3] While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. [4] In 2011, oil exports accounted for 77% of the UAE's state budget. [5]
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
In December 2018, group founder Majid Al Futtaim was conferred the Royal Commendation Order by the Sultan of Oman, Qaboos bin Said al Said. [16] [17] In December 2021, Majid Al Futtaim died in Dubai. [18] In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Businesses, ranking sixth. [19]
Headquartered in Dubai, it works with major clients in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah, as well as Oman and Bahrain. [19] Toys "R" Us: The firm opened the U.A.E.'s first Toys "R" Us store in 1995, and owns and operates 19 Toys "R" Us and Babies "R" Us stores across Bahrain, Egypt, Kuwait, Oman, Qatar, and the United Arab Emirates ...
Falcon Express Cargo Airlines was a cargo airline based in Dubai, United Arab Emirates. It was established in 1995 and operates express parcel services throughout the Persian Gulf, mainly for FedEx, UPS, TNT and Aramex. It also operated scheduled chartered cargo operations for DHL between Bahrain and Jeddah. Its main base was Dubai ...
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EFG, also known as the Egyptian Financial Group, became the first investment banking firm in Egypt when it was established by Dr Mohamed Taymour in 1984. Holding was founded in 1993 under the newly promulgated Capital Markets Law 95.