A Comparison of the Business Portfolios of United Arab Emirates-Based Companies Emaar Properties and Etisalat Essay

IntroductionEmaar Properties and Etisalat are two companies based in United ArabEmirates. The two companies engage in different business portfolios. EmaarProperties engages in real estate development serving clients in both UAEand in foreign countries while, Etisalat is a telecommunication serviceprovider serving clients in different parts of the world. Although bothcompanies are from UAE, each of them is based in different cities. Forinstance, Emaar properties is headquartered in Dubai while Etisalat isbased in Abu Dhabi. However, both companies have grown their businessportfolio and, currently they are ranked top global companies in theirrespective business ventures.This paper is interested in comparing and contrasting the two companies.Using financial statements obtained from different sources, the paper willevaluate the financial status of the two companies. Moreover, the paperwill use financial ratios to evaluate the financial strength of the twocompanies. Once this analysis is done the paper will indicate which companyperforming the best and, which is company is the ideal to invest in.Before, the paper conducts the financial statements comparisons the paperwill first provide background for each of the two companies. Emaar Properties backgroundEmaar Properties is a real estate development firm that is headquartered inDubai, United Arab Emirates. The company was established in 1997 to servethe UAE's property development sector. Since 1997, the company has expandedto become one of the global leaders in real estate development servingclients spread in different companies The company boosts itself formanaging big projects such the Burj Khalifa, (the tallest building in theworld) and the Dubai Mall. The company is currently headed by Mohammed Alabbar who doubles up asfounder and chairman of the company. The company has 10000 workers makingit...

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