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Al Ghurair Group (Arabic: مجموعة سيف الغرير), also known as Saif Al Ghurair Group, is a Dubai, United Arab Emirates–based business group founded by the Al Ghurair family. [1] A diverse conglomerate, it has operations in the Middle East , North Africa , Europe and North America . [ 1 ]
UAE Exchange (Arabic: مركز الإمارات العربية المتحدة للصرافة; Markaz Al'Imarat Alearabiat Almutahidat Lilsarafa) is a United Arab Emirates-based company dealing primarily in remittance, foreign exchange and bill payment services. [1] [2] [3]
Al Ghurair (Arabic: الغرير) was established in 1960. Al Ghurair is one of the largest diversified family business groups in the Middle East , with six key business units: Foods , Resources , Properties , Construction , Mobility and Ventures, including Auto Servicing & Trading, Retail and Education ( Dar Al Marefa ).
He is the chairman of Al Ghurair Exchange. [7] From 2008 till 2015 [8] Al Ghurair was chairman of Dubai Chamber of Commerce, [9] where he implemented the Dubai: Capital of the Islamic Economy initiative. [10]
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 units offer 0% tax on income and profits, 100% foreign ownership, no restrictions on foreign exchange or capital/profit repatriation, operational support, and business continuity facilities. One of the key elements of the center is a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange ...
In 1960, he founded the Al Ghurair Group, a company which has interests in banking, steel and packaging. [3] [4] The group invested in real estate, retail and manufacturing. [2] In 2004, his group opened a second Burjuman Centre with an office tower, hotel and luxury service apartments. [2] He was also a significant shareholder in Mashreq. [3]
Al Ghurair is a member of a prominent Emirati business family. His brother Saif Ahmad Al Ghurair (1924–2019), was a fellow billionaire and head of the Al Ghurair Group. [2] In 1967, Al Ghurair founded Mashreqbank. [3] In October 2019 he stepped down as Chairman, but remained as a board member.