Thursday, November 6, 2008

Dubai Economy


It was the gross national product US $ 46,000,000,000 of Dubai as of 2006. Earnings from oil and the heaven burning gas occupied 3% or less of earnings of jurisdiction area. It is presumed that Dubai the gas creates the petroleum of 240,000 barrels in day and suitable quantity from open sea field. Share of jurisdiction area of earnings of the gas of the United Arab Emirates approximately is 2%. It is expected that it decreases the oil spare of Dubai rather, is discharged in 20. Historically, Dubai the Dubai inlet, crossing Deira (it became independent at that point in time,), the importantly stopping for the western manufacturer who becomes first tying. The majority and financial center of the banking of the new city being port area, were placed on the headquarters. Dubai maintained importance as channels of trade with seventies and eighties. In Dubai city there was free trade with the gold, to nineties “the hub of active smuggling trade” of the ingot of the gold it was in India where import of the gold is limited.
Dubai is destination of the important tourist, there is an artificial port which is largest to the Jebel ant in the world where it is assembled in the port and seventies. In addition as for Dubai that of establishment of the international financial center (DIFC) whose Dubai is new and as a hub for the service industry like public finance more and more, it grows. Government set up the free zone of industrial specification in the city. The Dubai Internet city which the Dubai medium city is connected one that kind of package territory to which the member like EMC Corporation includes that becomes firm as the portion of TECOM (the Dubai technology, authority of free zone of electronic commerce and medium), it is the organization of Microsoft and IBM and the medium like Oracle Corporation, MBC, CNN, Reuters and ap.
Ending in appreciation of quality from of 2004-2006, exchange it had made be based, but it is service from the economy which is made oil request, sight-seeing business the real estate which is directed compared to valuable in one which was made, decision of the government which it should diversify. Project of the large-scale real estate development which is undertaken by the company like the quality of Emaar seems like the Al Arabian of jurisdiction area tower and highest hotel and Burj in the world, structure of many multistoried buildings was brought. Burj Dubai and being assembled by Emaar Properties, is expected that in the world it becomes the highest structure. The financial market (DFM) of Dubai was established on March 2000th, as a secondary market for the guaranteeing and unity local and the foreign exchange. To Q as of 42,006 year, capacity of exchange raised 95,000,000,000 to approximately 400,000,000,000 share which has the value of US$. 87,000,000,000 approximately there was the current price sum total of US$ in DFM.

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