Description
Dubai is a global city and business hub of the Middle East. It is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub, but Dubai’s oil reserves are limited and production levels are low: today, less than 5% of the emirate’s revenue comes from oil. A growing centre for regional and international trade since the early 20th century, Dubai’s economy today relies on revenues from trade, tourism, aviation, real estate, and financial services.
