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. Though, the United Arab Emirates has been successfully diversifying its economy,[1] the country remains extremely reliant on oil. With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gas continue to play a central role in the economy, especially in Abu Dhabi. 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]
Notable firms
editThis list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations that have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
Aabar Investments | Financials | Real estate holding & development | Abu Dhabi | 2005 | Real estate and project investments, ADX: AABAR | S | A |
Abu Dhabi Aviation | Consumer services | Airlines | Abu Dhabi | 1975 | Airline, ADX: ADAVIATION | P | A |
Abu Dhabi Commercial Bank | Financials | Banks | Abu Dhabi | 1985 | ADX: ADCB | S | A |
Abu Dhabi Islamic Bank | Financials | Banks | Abu Dhabi | 1997 | ADX: ADIB | P | A |
Abu Dhabi Media | Consumer services | Publishing | Abu Dhabi | 2007 | Publishing and broadcasting | S | A |
Abu Dhabi National Energy Company (TAQA) | Oil & gas | Exploration & production | Abu Dhabi | 2005 | State-owned, ADX: TAQA | S | A |
Abu Dhabi National Insurance Company | Financials | Full line insurance | Abu Dhabi | 1972 | Insurance | P | A |
Abu Dhabi National Hotels | Consumer services | Hotels | Abu Dhabi | 1976[6] | ADX: ADNH | S | A |
Abu Dhabi National Oil Company (ADNOC) | Oil & Gas | Exploration & production | Abu Dhabi | 1971 | State-owned | S | A |
Abu Dhabi Ports | Industrials | Transportation services | Abu Dhabi | 2006 | Ports | P | A |
Air Arabia | Consumer services | Airlines | Sharjah | 2003 | Airline, DFM: AIRARABIA | P | A |
Al Dahra Agricultural Company | Consumer goods | Farming & fishing | Abu Dhabi | 1995 | Animal feed, farming, food products | P | A |
Al Ghurair Group | Conglomerates | - | Dubai | 1960 | Industrials, real estate, investments | P | A |
Al Tayer Group | Conglomerates | - | Dubai | 1979 | Automotive, retail, industrials | P | A |
Aldar Properties | Financials | Real estate holding & development | Abu Dhabi | 2001 | ADX: ALDAR | P | A |
Arab Center for Consultancy & Economic Studies | Financials | Consultancy and feasibility studies | Abu Dhabi | 2006 | Economic feasibility studies | P | A |
Aramex | Industrials | Delivery services | Dubai | 1982 | DFM: ARMX | P | A |
Armada Group | Conglomerates | - | Dubai | 1974 | Investment, engineering, construction, real estate | P | A |
Dana Gas | Oil & Gas | Exploration & production | Sharjah | 2005 | ADX: DANA | P | A |
Dar Al Khaleej Printing and Publishing | Consumer services | Publishing | Sharjah | 1970 | Newspaper, magazines | P | A |
du | Telecommunications | Mobile Telecommunications | Dubai | 2005 | Emirates Integrated Telecommunications Company, DFM: DU | S | A |
Dubai Bank | Financials | Banks | Dubai | 2002 | Islamic bank, merged into Emirates NBD | P | D |
Dubai Financial Market | Financials | Investment services | Dubai | 2000 | Stock exchange, DFM: DFM | S | A |
Dubai Holding | Conglomerates | - | Dubai | 2004 | Hospitality, financial services, real estate, healthcare, media | P | A |
Dubai Investment Fund | Financials | Investment services | Dubai | 2001 | Institutional Investor, Investment & Asset Management, Diversified Investments, Private Equity | P | A |
Dubai Islamic Bank | Financials | Banks | Dubai | 1975 | Islamic bank, DFM: DIB | P | A |
Dubai Media Incorporated | Consumer services | Broadcasting & entertainment | Dubai | 2003 | State-owned | S | A |
DP World | Industrials | Transportation services | Dubai | 2005 | Maritime, ports | S | A |
Edutech | Industrials | Support services | Dubai | 1991 | Education and technology | P | A |
Emaar Properties | Financials | Real estate holding & development | Dubai | 1997 | DFM: EMAAR | P | A |
Emirates | Consumer services | Airlines | Dubai | 1985 | Airline, part of The Emirates Group | S | A |
Emirates Global Aluminium | Industrials | Aluminium | Abu Dhabi | 1979 | Aluminium conglomerate | P | A |
Emirates Trading Agency | Financials | Real estate holding & development | Dubai | 1973 | Holding and investments | P | A |
Etihad Airways | Consumer services | Airlines | Abu Dhabi | 2003 | Airline | S | A |
Etihad Rail | Railroad | Abu Dhabi | 2009 | P | A | ||
Etisalat | Telecommunications | Fixed line telecommunications | Abu Dhabi | 1976 | Telecom, ISP | P | A |
First Gulf Bank | Financials | Banks | Abu Dhabi | 1979 | ADX: FGB | P | A |
International Holding Company | Conglomerates | Investments | Abu Dhabi | 1998 | Investment Holding | P | A |
Julphar | Health care | Pharmaceuticals | Ras Al Khaimah | 1980 | ADX: JULPHAR | P | A |
Jumeirah Group | Consumer services | Hotels | Dubai | 1997[7] | Hotels | P | A |
LuLu Group International | Conglomerates | - | Abu Dhabi | 2000 | Retail | P | A |
Mara Group | Conglomerates | - | Dubai | 1996 | Financial services, real estate, infrastructure, technology | P | A |
Mashreqbank | Financials | Banks | Dubai | 1967 | Private bank, DFM: MASQ | P | A |
Musafir (company) | Travel | Travelling | Sharjah | 2007 | Travel Agency | P | A |
National Bank of Abu Dhabi | Financials | Banks | Abu Dhabi | 1968 | ADX: NBAD | S | A |
National Bank of Dubai | Financials | Banks | Dubai | 2007 | DFM: ENDB | P | A |
NewBoy | Consumer goods | Toys | Dubai | 1999 | Dolls | P | A |
Noor Islamic Bank | Financials | Banks | Dubai | 2008 | Islamic bank | P | A |
Opontia | Consumer goods | E-commerce | Dubai | 2021 | E-commerce | P | A |
RAKBANK | Financials | Banks | Ras Al Khaimah | 1970 | ADX: RAKBANK | S | A |
Sharjah Islamic Bank | Financials | Banks | Sharjah | 1976 | Islamic bank, ADX: SIB | P | A |
SHUAA Capital | Financials | Asset managers | Dubai | 1979 | DFM: SHUAA | P | A |
Shipa Delivery | Logistics | Last-mile delivery service | Dubai | 2016 | P | A | |
Souq.com | Consumer services | Broadline retailers | Dubai | 2005 | P | A | |
Sorouh Real Estate | Financials | Real estate holding & development | Abu Dhabi | 2003 | ADX: SOROUH | P | A |
Spacetoon | Consumer services | Broadcasting & entertainment | Dubai | 2000 | Animation and children's television | P | A |
Spinneys | Consumer services | Food retailers & wholesalers | Dubai | 1924 | Grocery | P | A |
Tamweel | Financials | Real estate holding & development | Abu Dhabi | 2000 | DFM: TAMWEEL | P | A |
Techlink | Consumer services | Retail | Dubai | 2000 | Electronics and Appliance Stores | P | A |
The Emirates Group | Consumer services | Airlines | Dubai | 1985 | Airline holding | S | A |
Thuraya | Telecommunications | Mobile telecommunications | Abu Dhabi | 1997 | Satellite communications | P | A |
Unibeton Ready Mix | Industrials | Building materials & fixtures | Abu Dhabi | 1980 | Concrete | P | A |
Union National Bank | Financials | Banks | Abu Dhabi | 1982 | ADX: UNB | P | A |
Ureed | Service Marketplace | Freelance | Dubai | 2017 | Privately held | P | A |
-
Dubai skyline and world's tallest building Burj Khalifa
-
Airplanes from Emirates at Dubai International Airport.
See also
editReferences
edit- ^ "Diversification raises non-oil share of UAE's GDP to 71%".
- ^ "The World Factbook". CIA. 26 May 2023.
- ^ "WTO Trade Statistic 2009". Stat.wto.org. Archived from the original on 2016-03-04. Retrieved 2016-09-26.
- ^ "United Arab Emirates profile". BBC News. 14 November 2012.
- ^ "Economic diversification in the GCC countries" (PDF). p. 13.
- ^ "Abu Dhabi National Hotels - PitchBook". pitchbook.com. 21 May 2024.
- ^ "Jumeirah International LLC - Company Profile and News". www.bloomberg.com. Retrieved 2020-03-01.