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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.
The firm was established by Majid Al Futtaim in 1992 [1] and is best known as the owner of the Mall of the Emirates in Dubai and being the franchisee of French hypermarket chain Carrefour in the Middle East, North Africa and Central Asia. In 2023, MAF had AED 34.5 billion in revenues and AED 2.7 billion in net profit. [14]
This list displays all UAE companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2023. [1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.
In October, Dubai Emirate's financial regulator, Dubai Financial Services Authority handed provisional fines of US$2 million to KPMG's UAE affiliate (US$1.5 million) and one of its audit employees, Milind Navalkar, (US$0.5 million) for failing to follow international audit standards in the audit of the failed Dubai-based private equity firm ...
The firms which came to be known as the "Big Eight" originated in various UK and US audit firms established in the 19th or early 20th centuries and later merged together. The firms' initial international expansion was driven by the needs of British and American based multinationals for worldwide service. They expanded by forming local ...
The Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), in Dubai, United Arab Emirates. [ 1 ] [ 2 ] It is distinct from the UAE's federal Securities and Commodities Authority , whose jurisdiction covers the wider UAE outside the boundaries of ...
Saudi Arabia: 5: Etisalat: Telecommunications 33.4 43.1 United Arab Emirates: 6: Al-Rajhi Bank: Banking 90.6 27.7 Saudi Arabia: 7: Emirates NBD: Banking 122 13.1 United Arab Emirates: 8: Saudi Electricity Company: Electric utility 107.4 26.7 Saudi Arabia: 9: Saudi Telecom Company: Telecommunications 27.1 37.5 Saudi Arabia: 10: National Bank of ...
The mall was built with an investment of AED 275 million by Majid Al Futtaim Group. [3] The phase one of the mall covers the area of 325,000 sq ft (30,200 m 2) with the gross leasable area of 23,850 sq ft (2,216 m 2). [4] Phase 2, where the expansion of the mall may be completed by 2020. [5] ٍ