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The Group employs approximately 12,000 employees. [9] [10] [11] Edge was the official Advanced Technology Partner at the Dubai Airshow 2019. [12] The Group's 11 participating entities showcased their range of capabilities, which included unmanned aerial vehicles, and long-range munitions
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]
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Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
Orient: Founded by Al-Futtaim in 1982, Orient is the largest insurance company in the United Arab Emirates by financial capital, with up to 500 million AED (approx. 136.1 million USD). Headquartered in Dubai, it works with major clients in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah, as well as Oman and Bahrain. [19]
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
Pakistan and United Arab Emirates signed an inter-governmental contract for economic cooperation in 2023. Under this contract the Karachi Port Trust has granted two concessions to a UAE public sector entity AD Ports Group to invest in, develop, and operate port terminals at the Karachi Port.
The Abraaj Group was a private equity firm operating in six continents that is currently in liquidation due to accusations of fraud. [1] The firm was founded by Pakistani businessman Arif Naqvi and was based in Dubai, United Arab Emirates.