Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Latest News for: Supreme group dubai

Edit

Dubai Summit Considers Future of Energy at 31st Middle East Petroleum & Gas Conference

The Arabian Post 22 May 2024
In his opening speech, Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and Chairman of ENOC Group, highlighted the delicate balancing act facing the industry....
Edit

Iran's supreme leader, militias pray for late president, other crash victims

Voa News 22 May 2024
DUBAI, United Arab EmiratesIran's supreme leader and representatives of militia groups he backs in the Middle East prayed Wednesday over the coffins of the country's late president, foreign minister and other officials killed in a helicopter crash earlier this week....
Edit

HE Saeed Mohammed Al Tayer delivers the opening speech at the 31st Annual Middle East ...

Emirates 24/7 21 May 2024
Under the Patronage and Presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council for Energy, His Excellency Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council for Energy, Chairman of ENOC Group, delivered the opening ......
Edit

Ahmed bin Saeed inaugurates 31st Middle East Petroleum & Gas Conference

Emirates 24/7 21 May 2024
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council for Energy, President of the Dubai Civil Aviation Authority, and Chairman and Chief Executive, Emirates Group, today inaugurated the 31st edition of the Middle East Petroleum & Gas Conference (MPGC)....
×