Trade with Germany in 2014 totalled $12.3, Switzerland and Japan both at $11.72 billion and UK trade totalled $10.9 billion. It is one of the most developed places in the Middle East, boasting of the latest technology, transportation system, skyscrapers, and malls. [23] Pre-Islamic ceramics have been found from the 3rd and 4th centuries. Private companies were established to build and operate infrastructure, including electricity, telephone services and both the ports and airport operators. [5][6][7], Located in the eastern part of the Arabian Peninsula on the coast of the Persian Gulf, Dubai aims to be the business hub of Western Asia. The nine-state union was never to recover from the October 1969 meeting where heavy-handed British intervention resulted in a walk-out by Qatar and Ras Al Khaimah. According to its 2013 research report on the future competitiveness of cities, in 2025, Dubai will have moved up to 23rd place overall in the Index. Of the overall trade volumes, imports had the biggest share with a value of $230 billion while exports and re-exports to the emirate stood at $31 billion and $101 billion respectively. Economy, Says Moody's", "Dubai to Avoid Glare of Public Markets and Raise Bonds Privately", "Dubai Hotel Mogul Says 'Bleeding' Firms Need Economy to Reopen", "Moody's revises outlook to negative on eight UAE banks", "Dubai Stocks Sink After Moody's Lowers Outlook for UAE Banks", "L'or douteux de Dubaï est prisé en Suisse", "GOLDEN DETOUR: The hidden face of the gold trade between the United Arab Emirates and Switzerland", "Bargain-hunting Fashionistas Descend onto Dubai", "The 20 most visited cities around the world in 2018", "14.9 million overnight visitors for Dubai in 2016", "At $30 billion, Dubai takes in the most global tourist dollars by far", "Dubai loosens liquor laws as UAE alcohol sales slump", "Rabins Hameed a hawala dealer, financed smuggling networks from UAE", "Jubilant Dubai wins bid to host 2020 World Expo", "According to a research from Oxford Economics, Dubai Expo 2020 may create over 270,000 jobs", "Dubai launches world's largest concentrated solar power project – Gulf Business", "Expo 2020 Dubai to seek one-year postponement", "Dubai inches closer to becoming world's best city for the disabled", Modernity and tradition in Dubai architecture, "World's Ten Tallest Cities In 2012, the JW Marriott Marquis Dubai opened and is the World's tallest hotel, standing at 72 stories (1,165 ft)", "Calculated Average Height of the Twenty-five Tallest (CAHTT)", "Burj Khalifa records over 1.87 million visitors in 2013", "Hotel star ratings standards long overdue", "50 Million Flowers at Dubai Miracle Garden", "World's Largest Natural Flower Garden Opens in Dubai", "The World's most beautiful garden-In Dubai", "ACI World releases preliminary 2017 world airport traffic rankings Passenger traffic: Indian and Chinese airports major contributors to growth Air cargo: Volumes surge at major hubs as trade wars threaten", "SYSTRA and AECOM win the Dubai Tram extension", "Gulfnews: Dubai traffic woes inflict losses of Dh4.6b a year", "Gulfnews: Public transport regains allure as Car-free Day gets under way", "Gulfnews: Rta wants 30 of dubai residents on public transport", "Dubai buses may be privatised – The National Newspaper", "Gulfnews: Air-conditioned bus shelters for Dubai", "Gulfnews: Dubai Metro gives boost to public transport in city", "DXB Takes Over Top Spot for International Passenger Traffic", "Al Maktoum International airport begins operations", "Al Maktoum International airport receives first flight", "First Monorail system in the Middle East takes first paying passengers", "Middle East's first monorail to start services in Palm Jumeirah by April", "RTA launches Water Bus System on Dubai Creek", "Sales will account for 8% of Dubai's GDP", "Dubai crowned World Festival and Event City by IFEA", "Top 7 Places to go Shopping in Dubai – Dubai Expats Guide", Food and Agricultural Import Regulations and Standards, "Art Dubai to show international artists' vision of the UAE", "Geraldine Bedell's novel banned in Dubai because of gay character", "Internet Filtering in the United Arab Emirates in 2004–2005: A Country Study", "Electronic Transactions and Commerce Law No.2/2002", "UAE laws you must know to stay out of trouble", "Review, Swiss International Scientific School",, "Schools offering some level of a British education in Dubai", "List of schools in Dubai, Dubai school finder", "What is the KHDA, and what does it do for Dubai parents? It is considered the shopping capital of the world with over 270 shopping centers, including the famous Dubai Mall. Experts Reveal All", "Recent archaeological research at Saruq al-Hadid, Dubai, UAE", "Brushing off sands of time at the archaeological site of Saruq al-Hadid", "SHARP – the Saruq al-Hadid Archaeological Research Project", "The Coming of Islam and the Islamic Period in the UAE. The documents revealed that Dubai firms, including Kaloti Jewellery International Group and Trust One Financial Services (T1FS), have been obtaining gold from poor African countries like Sudan. [119] The median age in the emirate was about 27 years. The 1967 price of gold was $35 an ounce but its market price in India was $68 an ounce – a healthy markup. [9], Critically, one of the first major projects Sheikh Rashid embarked upon when oil revenue started to flow was the construction of Port Rashid, a deep water free port constructed by British company Halcrow. [49], Dubai and the other 'Trucial States' had long been a British protectorate where the British government took care of foreign policy and defence, as well as arbitrating between the rulers of the Eastern Gulf, the result of a treaty signed in 1892, the 'Exclusive Agreement'. Large increases in oil prices after the Gulf War encouraged Dubai to continue to focus on free trade and tourism. It is one of the seven emirates that are forming a part of this nation. Much of the city’s landscape is characterized by sandy desert patterns. [169] Dubai alone has more than 70 shopping centres, including the world's largest shopping centre, Dubai Mall. [92], Defamation on social media is a punishable offence in Dubai with fines up to half a million dirhams and jail term for up to 2 years. Since it opened in September 2004, the Dubai IFC has attracted, as a regional hub, leading international firms and set-up the NASDAQ Dubai which lists equity, derivatives, structured products, Islamic bonds (sukuk) and other bonds. [127], Non-Muslim groups can own their own houses of worship, where they can practice their religion freely, by requesting a land grant and permission to build a compound. The UAE traditional ghotrah is white and is held in place by an accessory called "egal", which resembles a black cord. The region covers 1,287.5 square kilometres (497.1 sq mi). The force is under direct command of Mohammed bin Rashid al Maktoum. [24] Prior to the introduction of Islam to the area, the people in this region worshiped Bajir (or Bajar). The average spend per day was found to be $553. Walker, J", "Fifty years on, the tragedy of vessel MV Dara lingers", "How Chicago Beach got its name...then lost it! [citation needed], The above dress code is never compulsory and many people wear western or other eastern clothing without any problems; but prohibitions on wearing "indecent clothing" or revealing too much skin are aspects of the UAE to which Dubai's visitors are expected to conform, and are encoded in Dubai's criminal law. [28] In 1896, fire broke out in Dubai, a disastrous occurrence in a town where many family homes were still constructed from barasti – palm fronds. [142] This has had a major impact on property investors in the region, some of whom were unable to release funds from investments made in property developments. A flotilla of small boats from Dubai, Sharjah, Ajman and Umm al-Quwain picked up survivors, but 238 of the 819 persons on board were lost in the disaster. [267], Dubai has a very active education regulator, the KHDA, which is best known for its school ratings, but actually has a wide mandate[268] when it comes to school improvement in the emirate. [146], A City Mayors survey ranked Dubai 44th among the world's best financial cities in 2007,[147] while another report by City Mayors indicated that Dubai was the world's 27th richest city in 2012, in terms of purchasing power parity (PPP).

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