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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]
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.
From 2000 to 2004, RAK Ceramics invested heavily, expanding the company, and exporting to almost 120 countries by 2004. In 2004, RAK Luminous, ability to glow in the dark & RAK Slim, a thickness of just 4.5mm are introduced. [4] In 2006, RAK Ceramics opened its 10th UAE tile plant with an annual output of 16,425,000 square meters of tiles. [2]
[21] [22] In November 2020, DAMAC hills launched UAE's first residential wave pool. [23] In 2014, DAMAC Properties launched, DAMAC Hills 2. [24] DAMAC Heights, a 335 m-tall, 88-floor luxury residential tower in Dubai Marina, opened to tenants in 2018. [25] Arabtec Construction was the primary contractor for the tower, which overlooks Palm ...
Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials. Originally, the company was established as LafargeHolcim by the merger on 10 July 2015 of Holcim and Lafarge, which had combined sales of CHF 26.7 billion in 2019. [3]
TECOM Group PJSC is a public company headquartered in Dubai, the United Arab Emirates, and traded on the Dubai Financial Market (DFM) under the symbol TECOM. Before the IPO, TECOM Group was a member-owned by Dubai Holding, a UAE state-owned enterprise. Dubai Holding remains one of the stakeholders of TECOM Group. [1] [2] [3]
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
Emaar Malls Group became a publicly traded company on the Dubai Financial Market in October 2014. Closing at 3.25 dirhams with approximately 535 million shares traded, the IPO was the largest in Dubai since 2007. [17] Also in 2014, Emaar opened the world's highest observation deck, At the Top, Burj Khalifa SKY.