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 [...]
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 [...]
A brief history of Dubai’s economy up to 1979
Dubai’s close proximity to India made it an important trading location and it was already known in Europe from the sixteenth century for its pearling industry, but it was in the nineteenth century when the emir lowered trade taxes to lure foreign traders from neighbouring states that Dubai really began to grow in prominence. The [...]