Dubayy

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Dubai World

Dubai World (Arabic: دبي العالمية) is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. As a subsidiary of Dubai Inc., it is the emirate's flag bearer in global investments and has a central role in the direction of Dubai's economy. Assets include DP World, which caused considerable controversy when trying to take over six US ports, and Nakheel, its property arm, which built The Palm Islands and The World developments, and Istithmar World, its investment company. It is chaired by Ahmed bin Saeed Al Maktoum.

History

Dubai World was established under a decree ratified on 2 March 2006 by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. He also holds the majority stake in Dubai World.

On 2 July 2006, it was launched as a holding company with more than 50,000 employees in over 100 cities around the globe. The group now has extensive real estate investments in the United States, the United Kingdom and South Africa. Dubai World made headlines in March 2008 after its chairman, Sultan Ahmed bin Sulayem, threatened to take the fund's money out of Europe. Dubai World's threats came shortly after the European Union attempted to lay out "a set of principles for transparency, predictability and accountability" for sovereign wealth funds.

Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Dubai (disambiguation)

Dubai is a major city and one of the seven emirates of the United Arab Emirates.

Dubai may also refer to:

  • Dubai (yacht)
  • Dubai (wrestler), American professional wrestler Dara Daivari
  • Dubai (2005 film), a Filipino film
  • Dubai (2001 film), a Malayalam film
  • See also

  • All pages beginning with "Dubai"
  • Shawn Daivari

    Dara Daivari (born April 30, 1984) is an American professional wrestler currently performing on the independent circuit as Shawn Daivari. He is best known for his work with World Wrestling Entertainment (WWE) as simply Daivari and with Total Nonstop Action Wrestling (TNA) as Sheik Abdul Bashir.

    Professional wrestling career

    Early career

    Daivari grew up admiring Mick Foley and Bret Hart. His childhood hero was Shawn Michaels. He participated in his first professional wrestling match at age 15. He started his career in the upper midwest independent scene. He is known for representing Iran for international title matches

    On October 19, 1998, Daivari appeared on Nitro as a fan being interviewed by Mike Tenay.

    He appeared on the February 26, 2003 episode of Explosion and wrestled a tag team match against Mike Sanders and Glenn Gilberti with Ken Anderson. He also appeared on the October 5, 2003 episode of Sunday Night Heat as Shawn Daivari, losing his match against Tommy Dreamer. He also made four appearances for independent promotion Ring of Honor (ROH) between April and July 2004.

    Podcasts:

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    Latest News for: dubai world

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    Dubai named one of the world’s most popular foodie destinations

    Time Out Dubai 26 Mar 2025
    It’s official, Dubai is one of the world’s top foodie destinations. A study carried out by holiday booking website Travelbag found that Dubai was one of the top five cities in the world for foodies.
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    Emirates Group co-locates to world’s largest solar-powered data centre

    Tahawultech 26 Mar 2025
    By joining forces with them, Moro Hub is set to drive sustainable economic growth and ensure a future powered by innovation and sustainability, thus cementing Dubai’s leadership on the world stage.”.
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    Dubai International Airport issues travel alert for Eid Al Fitr

    Time Out Dubai 26 Mar 2025
    Dubai International Airport is set to welcome more than 3.6 million guests over the upcoming long weekend (woah) ... Dubai is also expected to welcome a significant number of tourists from across the GCC region as the Arab world celebrates the festival.
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    How over 7,000 volunteers helped clean Dubai

    Gulf News 26 Mar 2025
    Dubai. Dubai ... “The ‘An Hour with the Cleaner’ initiative reflects the commitment of Dubai’s community to upholding the city’s status as one of the cleanest and most liveable cities in the world.
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    Eid holidays: Dubai Airports launches real-time navigation tool as DXB prepares for 3.6 million passengers

    Gulf News 26 Mar 2025
    Dubai. Dubai Airports has ... Dubai Airport’s passenger traffic hit a record 92.3 million last year, and the world’s busiest international hub expects to handle more than 94 million passengers in 2025.
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    Boom of Iftar cannons echoes through Dubai during Ramadan

    The Daily Tribune - Bahrain 26 Mar 2025
    ... than just an announcement—it is a reminder of Dubai’s ability to embrace both heritage and progress, offering a sense of community in one of the world’s most cosmopolitan cities.
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    Major UK supermarket bans shoppers from buying more than two bars of chocolate that has ...

    The Daily Mail 26 Mar 2025
    Waitrose added the popular Lindt Dubai Style Chocolate to selected stores on Sunday, and it's become the store's fastest-selling confectionery product ... Lindt Dubai Style Chocolate Pistachio & Kadayif.
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    UAE: New insurance plan launched for Indian workers with Dh32 premium for Dh35,000 payout

    Khaleejtimes 26 Mar 2025
    "This covers repatriation of mortal remains anywhere in the world, partial and full disability at a nominal fee, which is Dh32. Dubai National Insurance has come to us with another proposal, which is Dh32 for a coverage of 35,000.
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    India expands its presence at ATM as nation’s outbound tourism market is projected to reach USD55bn by 2034

    Eye Of Riyadh 26 Mar 2025
    ... India’s inbound and outbound offerings will be in focus during the forthcoming edition of Arabian Travel Market (ATM), which takes place from 28 April to 1 May at the Dubai World Trade Centre. .
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    Emirates opens new Dh3mn Cabin Crew facility in Dubai – the ‘Crew Zone’

    Times of Oman 26 Mar 2025
    Dubai. As Emirates continues to recruit candidates for its collective of world class cabin crew – a new Crew Zone has officially opened in the Emirates ....
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    DEWA set to become world’s first AI-native utility

    Gulf Today 26 Mar 2025
    ... to become the world’s first.
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    Ray Dalio says he had a 'frank' discussion with the GOP about US debt and ...

    Business Insider 26 Mar 2025
    Last month, Dalio said in an interview at the World Governments Summit in Dubai that America could suffer the financial equivalent of a "heart attack" if it didn't reduce its deficit spending ... So you own it," he continued ... ....
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    DWTC hospitality unit caters to nearly 1 million guests in 2024

    Khaleejtimes 25 Mar 2025
    DWTC Hospitality, the hospitality division of Dubai World Trade Centre, reinforced its status as a premier hospitality services provider in 2024, serving nearly one million guests across more than 2,400 events.
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    Victory in Dubai for Worcester syndicate's horse earns world cup invitation

    Yahoo Daily News 25 Mar 2025
    This victory has also earned the horse an invitation to the $12 million Dubai World Cup, which will take place on April 5 ... Dubai Racing Club) Also held in Meydan, the Dubai World Cup is one of the ...
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