Simplify the following text for a Grade 12 native English-speaking person.
Original: Emirates is a subsidiary of The Emirates Group , which has over 50,000 employees , and is wholly-owned by the Government of Dubai directly under the Investment Corporation of Dubai .
Simplified: Emirates is a part of The Emirates Group , which has more than 50,000 employees , and is owned fully by the Government of Dubai directly under the Investment Corporation of Dubai .