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Mahan realized not only the strategic importance of the region, but also of its center, the Persian Gulf. [13] [14] He labeled the area surrounding the Persian Gulf as the Middle East, and said that after Egypt's Suez Canal, it was the most important passage for Britain to control in order to keep the Russians from advancing towards British ...
The United Arab Emirates is situated in the Middle East and West Asia, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia; it is at a strategic location along the northern approaches to the Strait of Hormuz, a vital transit point for world crude oil. [2]
The United Arab Emirates [c] (UAE), or simply the Emirates, [d] is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula.It is a federal, elective monarchy composed of seven emirates, with Abu Dhabi as its capital. [14]
In 2002, the Islamic investment bank merged with the conventional bank, resulting in the loss of its Shariah-compliant status. [6] This decision was driven by management choices rather than shareholder demands and led to a significant decline in deposits, from Rs31.9 billion in 2001 to Rs24 billion by the end of 2002, representing a 23 percent drop. [6]
Dubai International Airport is situated in the Al Garhoud district, 2.54 nautical miles (4.70 km; 2.92 mi) east [2] of the city center of Dubai and spread over an area of 7,200 acres (2,900 ha) of land. [12] Terminal 3 is the second-largest building in the world by floor space and the largest airport terminal in the world. [13]
Mashreq has 16 overseas offices in 13 countries, with corporate banking businesses in Bahrain, Qatar, Kuwait, and India, as well as corporate and retail banking in Egypt and foreign exchange businesses in Bangladesh, Pakistan, and Nepal. There are also full-service branches in New York, London, and Hong Kong. [7]
Dubai Islamic Bank Pakistan: Dubai Islamic Bank Pakistan was established in 2006 as a fully owned subsidiary. Panin Dubai Syariah Bank: 38.3% ownership in a Shariah-compliant player in Indonesia, which has one of the largest Muslim populations in the world. Bank of Khartoum: DIB holds a stake in Bank of Khartoum, one of the largest banks in Sudan.
Today along with Pakistan's continued economic expansion Karachi is now ranked third in the world for consumer expenditure growth with its market anticipated to increase by 6.6% in real terms in 2018 [148] It is also ranked among the top cities in the world by an anticipated increase of a number of households (1.3 million households) with ...