One theory suggests the word was used to describe the souq, which was similar to the souq in Ba. Many theories have been proposed as to the origin of the word “Dubai”. A center for regional and international trade since the early 20th century, Dubai’s economy relies on revenues from trade, tourism, aviation, real estate, and financial services.ĭubai has attracted the attention of the world through large construction projects, opulent hotels and hosting major sports tournaments. Today, less than 5% of the emirate’s revenue comes from oil. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. It is also a major global transport hub for passengers and cargo. Located on the southeast coast of the Persian Gulf, Dubai is a global city and the business hub of the Middle East. Dubai is the largest and most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai.
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May 2023
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