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Dubai International Capital (DIC) is the international investment arm of Dubai Holding, a global conglomerate and sovereign wealth fund of the government of Dubai and its ruling family. DIC invests private funds on behalf of Dubai Holding and several large third-party investors around the world with a mandate to build a portfolio of ...
Dubai[ a ] is the most populous city in the United Arab Emirates and the capital of the Emirate of Dubai, the most populated of the country's seven emirates. [ 7 ][ 8 ][ 9 ] The city has a population of around 3.6 million (as of 2022), [ 10 ] more than 90% of which are expatriates. [ 11 ] Dubai was founded in the 19th century as a fishing village.
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 ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
Al Fahidi Fort in Dubai in the late 1950s, built in 1787 Al Fahidi Fort today. Al Fahidi Fort is the oldest existing building in Dubai.. The Umayyads introduced Islam to the area in the 7th century [13] and sparked the vitalization of the area, opening up trade routes supported by fishing and pearl diving to eastern regions such as modern-day Pakistan and India, with reports of ships ...
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]
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]
Tourism in Dubai is a major part of the economy of Dubai. Dubai was the third most visited city in the world in 2023 with 17 million international visitors according to Euromonitor International. [1][2] Dubai hosts more than 800 hotels with more than 150,000 rooms. [3][4]