Free zones and trade
Due to its location, Dubai was traditionally a convenient place for business to bridge the gap between East and West and it continued to be an important trade route in the 1970s and 1980s.
Dubai has a free trade in gold and until the 1990s was used as a base for smuggling gold ingots into India, [...]
A brief history of Dubai’s economy from the Gulf War to The Islands
The 1990 Gulf War had a huge impact on the city.
Initially, the banks of Dubai suffered a massive withdrawal of funds due to political uncertainty in the region, but as the 90s progressed many businesses, first from Kuwait, during the Gulf War, and later from Bahrain, during the Shia unrest, relocated to Dubai.
Dubai also provided [...]
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