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NBD merged with Emirates Bank International (EBI) on 6 March 2007 to form Emirates NBD. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [3] [4] [5] As of 31 December 2020, total assets were DH 698 billion, deposits of AED 464 ...
Tanfeeth is a shared business services company located in Dubai, United Arab Emirates. [1] The company is a subsidiary of Emirates NBD. [2] Tanfeeth is the first large-scale shared services organization in the Gulf Cooperation Council. The company's name means "getting the job done" in Arabic. [3] [4] Tanfeeth was founded in November 2011.
During his career, he has held positions at Emirates NBD, the British Embassy - UAE, Dubai Chamber, Department of Municipalities and Transport - Abu Dhabi, the Department of Culture and Tourism in Abu Dhabi, and worked as a producer and radio host for Pulse 95 Radio.
[9] [2] He also serves on the board of directors of Emirates NBD Bank since June 2011, [10] Emirates Islamic Bank, [11] and Emaar Malls between December 2017 and September 2021. [12] [13] Al Hussaini was elected as the President of the Development Committee of the World Bank Group on October 15, 2022. [14] [4]
Al Maktoum's career in the aviation industry began in 1985 when he was appointed president of the Dubai Department of Civil Aviation (DCA) (the governing body which oversaw the activities of Dubai International and Dubai Duty Free). Emirates, the national carrier, was launched at the same time, with Al Maktoum appointed chairman. [5] [7] [8] [9]
The Emirates Group holds a 68.7% stake in Dubai-based Maritime and Mercantile International, 34.4% equity stake in Oman United Agencies and a 54.7% equity stake in Emirates Flight Catering. Emirates Flight Catering is the sole provider of airline and airport catering services at Dubai International Airport.
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]
During the period of 2007 - 2021, ICD subsidiaries carried out various other mergers and acquisitions. In 2007, Emirates National Bank of Dubai (ENBD) was formed through the merger of EBI and NBD, [35] with a market capitalisation of over $11.3 Billion.