THE COMPANY: Headquartered in Abu Dhabi, Sorouh Real Estate (Sorouh) is one of the largest real estate developers in the UAE. Formed in July 2003 and formally incorporated as a public joint stock company on July 26, 2005 with capital of Dh2.5bn ($680.46m), Sorouh is now one of the largest real estate...
According to the most recent ADX data, during the period between the inception of the exchange and the end of 2011, a total of 904,940 National Investor Numbers (NINs) were issued. NINs are necessary to interact with the exchange. Some 344,367 were granted to foreign investors, the majority of which (272,455) came from GCC nations, followed by...
Like most of the UAE, Abu Dhabi’s population is largely made up of expatriate employees and foreign workers. As of 2011, the most recent year for which full statistics are available, non-nationals accounted for 80% of the emirate’s total population, according to the Statistics Centre – Abu Dhabi (SCAD). While this number has grown slightly since...
THE COMPANY: Established in 1979 and headquartered in Abu Dhabi, First Gulf Bank (FGB) provides conventional and Islamic commercial banking services, including deposits, loans and credit cards; conventional and Islamic investment banking services, such as corporate finance and investment advisory on...
THE COMPANY: Emirates Telecommunications Corporation, or Etisalat, is a leading multinational telecoms operator, with a presence in 17 countries spread across the Middle East, Africa and Asia. With such a wide presence, Etisalat now has access to a population of more than 800m. Etisalat’s international...
Thanks in large part to high oil prices and an increase in its hydrocarbons production, Abu Dhabi continued its economic recovery in 2011. Hydrocarbons remain at the centre of the emirate’s economy, accounting for nearly half of its GDP and almost 90% of government revenues in 2010. However, the government has a different vision for the future of...
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