Business and economy in Dubai
Business in Dubai
Although built on the back of oil revenues, 94% of Dubai’s revenue is now earned from other sources.
Trade, import-export and financial services now form the cornerstone of Dubai’s economy, with IT also becoming an increasingly important contributor.
The economy of Dubai
Dubai had been enjoying a decade long period of boom until the credit crunch [...]
GDP, import, export and oil bullets
Here are seven statistical factoids relating to import, export, oil and GDP :
Dubai’s gross domestic product as of 2005 was 37 billion US dollars.
Although Dubai’s economy was built on oil revenues, oil and natural gas now account for less than six percent of this figure.
It is predicted that Dubai’s oil reserves will be exhausted in [...]
The changing economy of Dubai
When people think of the riches of the Arab nations they tend to think of only one thing – oil.
But the rulers of Dubai are well aware that their natural resources are finite and are making preparations for dealing with their inevitable exhaustion.
Once wholly reliant on oil revenues, Dubai’s economy has become increasingly diversified in recent years.
Gas [...]