Dubai Bank

Dubai Bank is an Islamic bank based in Dubai, UAE. Launched in September 2002, the Bank became a Shari’a-compliant financial institution with a focus on the UAE’s Islamic banking sector on 1 January 2007. Dubai Bank is part of the Dubai Group, a Dubai Holdings company.

The bank increased its capital to AED 1.50 Billion in 2007 and is on an expansion spree, and as of March 2008 has total assets of AED 14.4 billion. The bank as of the end of 2007 has 15 branches spread across UAE and has more aggressive plans in 2008 including opening another 10 branches.

Fitch Ratings has recently assigned Dubai Bank Long-term Issuer Default rating (IDR) 'A' with a Stable Outlook, Short-term IDR 'F1', Support rating '1' and Support Rating Floor 'A'.

News came on 11 October 2011 states that EmiratesNBD is all set to take over Dubai Bank as per orders from the Ruler of Dubai. Financial details are not available yet. http://gulfnews.com/business/banking/emirates-nbd-takes-over-dubai-bank-1.889634

29 November 2012 was the last day for Dubai Bank to work as Dubai Bank. From 1 December 2012 Dubai Bank cease to exist and everything will be under the umbrella of Emirates Islamic Bank.

Dubai

Dubai (/duːˈbaɪ/ 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:

See also

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.