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Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current prosperity has been attributed to Abu Dhabi's petrodollars. [40] In 2014, Dubai owed a total of $142 billion in debt. [41] The UAE government has worked towards reducing the economy's dependence on oil exports by 2030. [42]
Dubai Investment Fund (DIF) is an independent international asset and investment management company headquartered in Dubai, United Arab Emirates. [ 3 ][ 4 ][ 5 ] As of August 2022, the company held more than $320 billion assets under management, making it one of the largest investment firms in the United Arab Emirates and MENA region. [ 2 ][ 6 ...
Website. www.difc.ae. The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering 110 ha (272 acres), established in 2004 as a financial hub for companies operating throughout the Middle East, Africa, and South Asia (MEASA) markets. DIFC is regulated by the Dubai Financial Services Authority, an independent ...
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$570 billion (DH 2.1 trillion) in 2014.
Investment Corporation of Dubai (Arabic: مؤسسة دبي للاستثمارات الحكومية, ICD) is the principal investment arm of the Government of Dubai [2] focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. [3] Established in 2006, ICD manages the Government ...
March 1992. Headquarters. Dubai. The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and ...
Website. dubaiholding.com /en. Dubai Holding (Arabic: دبي القابضة) is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum 's global investment holding company and personal investment portfolio, [2] which owns 99.67% of the capital. Mohamed al-Gergawi built the company's portfolio. [2] Sheikh Ahmed bin Saeed al-Maktoum has been appointed ...
US$ 968 billion. Owner. Government of Abu Dhabi. Website. www.adia.ae. The Abu Dhabi Investment Authority (Arabic: جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's ...