Dubai's economic strategy is based on a policy to decrease dependence on oil as the major source of income. This is reflected in the increasing development of the trade sector, agricultural reform,

University Degree Business and Administrative studies

Economical and financial Issues:

Introduction:

Dubai’s economic strategy is based on a policy to decrease dependence on oil as the major source of income. This is reflected in the increasing development of the trade sector, agricultural reform, national industry and national and international investment. ()

1)Trade:

Trade has always been an important contributor to Dubai’s economy and the emirate has done its best to take advantage of its position at the crossroads of East and West.

Decades ago, Dubai established itself as a trading centre. In those early days businessmen from Iran and India came to Dubai to buy goods for sale in their own countries. Now a great variety of goods are exported from Dubai daily by land, sea and air.

Oil & Gas

Communications and technology :Telecommunications technology is another area in which Dubai leads the charge. Etisalat, which is the UAE’s provider of telecoms services, offers the latest in technology. A groundbreaker in terms of new products, Etisalat is working to implement third generation mobile telephony networks by 2004.

Dubai International Financial Centre

Located at the crossroads of the major international capital markets of New York and London (in the West) and Hong Kong (in the East), Dubai is the complementary hub connecting the region with the 24 hour/7 days a week global financial network.

The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the UAE and the region as a whole. Its remit is to create a regional capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and simplicity. () ...