Although there are thousands of international companies in UAE, local organizations always rank higher than foreign competitors, because, biggest governmental or privates projects have been operating by them.
After the global pandemic (Coronavirus), most companies have been affected by government lockdown and low demand for goods and services in local and international markets.
So, in another word, we can say this year is not good for the companies in the UAE either they are bigger or smaller. All have suffered and will prolong until 2021. The result for that many companies are entrenching the employees or reducing their salary to survive at this hard time.
Hospitality and aviation companies are deeply affected by the global health crisis. Although healthcare companies have benefited from it, they do not play a vital role in the UAE and international markets.
There is a lot of fluctuation that will occur in the ranking of the companies by the end of 2020, but by now the following companies are the top companies in the UAE;
List of the top 10 companies in UAE;
1. First Abu Dhabi Bank
FAB is one of the largest financial institutions in the UAE as well as the GCC (Gulf Cooperation Council). Its banking network has grown from the UAE to the GCC, Asia, Arica, the EU, and the United States.
2. Emirates Telecommunications
The popular name is Etisalat, it is one of the largest telecommunication companies in the UAE. 70% percent of the UAE population uses its services because there is no competitor who can approach it in the telecommunications business. currently, the company has operated in 15 countries across Asia, the Middle East, and Africa.
3. DP World Ltd;
It is a logistics company based in Dubai, United Arab Emirates, which operates ports and terminals in the UAE as well as 40 other countries around the world. DB world has employed More than 56,000 workers in its workforce and severely affected by the current situation, but the company still holds a senior position in the UAE.
4. Emirates Islamic Bank
It is another largest bank in the UAE following the Abu Dhabi bank, and also one of the leading bank which provides the Islamic finances to its customers. EIB was established in 2004, since then, it has been providing the financial services to a small and large successful business in the UAE.
5. Emirates NBD Bank
Emirates National Bank Of Dubai is the ‘Best SME Bank of the Year’ of 2019 at International Finance Magazine (IFM). The bank has owned by the Dubai government and established with the help of Rashid bin Saeed Al Maktoum, vice president and 2nd Price Minister of United Arab Emirates.
The ENBD group, which is the parent organization of the ENBD bank, operates financial services in the UAE, Egypt, India, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, and representative offices in China and Indonesia.
More than 25,000 workers have been employed by this bank, with 70 nationalities through its subsidiaries.
6. Abu Dhabi Commercial Bank
There are two cities where most of the banks of the United Arab Emirates were originated, Dubai and Abu Dhabi. Whether the bank first established Abu Dhabi or Dubai, we can know from their name because they have linked to the city.
ADCB also established in Abu Dhabi the capital city of the UAE in 1985 as the public holding company with limited liability. Abu Dhabi Investment Council (ADIC) a government investment body has owned 62.52% of the ADCB share and rest general public and privates institutions.
According to the 2018 report, more than 5,000 employees from 80 nationalities work in 56 branches in the UAE, with one branch in New Jersey and one representative office in Singapore.
7. Emaar Properties
It is one of the largest real estate development companies in the United Arab Emirates and has publicly listed companies on the Dubai Stock Exchange. Emaar properties have 36 subsidiaries across the Middle East, North Africa, Pan-Asia, Europe, and North America.
Emaar Properties is the creator of a well-known project in the world, including Burj Khalifa Tower, the tallest building in the world.
The company’s international presence is in the area of property development and management. However, the business model has now been diversified into real estate, including commercial and residential property development, including malls.
8. Dubai Islamic Bank
DIB is an international banking network based in Dubai, founded in 1975 after the adoption of the Islamic principles on financial services. It is one of the largest Islamic banks in the Gulf region as well as in the UAE.
The bank has served 90 branches across the UAE and the international presence has now grown to seven countries.
9. Abu Dhabi National Oil Company
ADNOC suffered deeply after COVID 19 due to the low demand for fossil fuels in the world, and the price of oil has fallen historically low.
The company is the master of exploration, production, storage, refining, and distribution, and the development of a wide-range of petrochemical products.
Despite the unpredictable state of the global economy, the company still holds the 9th position in terms of the asset it owns in the UAE.
10. Emaar Malls
It is sister companies of the Emaar properties group which responsible for the development of properties including shopping malls & retail stores and hospitality & leisure establishments.
The Emaar Malls has owned the Dubai Creek Harbor, Dubai downtown, Dubai Marina, and Dubai Mina Rashid, etc.
These above-listed companies in UAE not only the largest in this nation but also the best companies here and larges companies in Dubai as well.