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Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
Al Aweer Central Fruit and Vegetable Market first opened on 3 July 2004. [7] It is the biggest Fruit and Vegetable Market [8] in the Gulf countries with an area of 100 hectares. The market is the hub of the fruit and vegetable trade in the United Arab Emirates region. Most of the fresh fruit and vegetable traders operate from only here.
The emergence of Dubai's lively real estate market was briefly checked by the global financial crisis of 2007–8, when Dubai was bailed out by Abu Dhabi. [31] The recovery from the overheated market led to tighter regulation and oversight and a more realistic market for real estate throughout the UAE with many 'on hold' projects restarting.
After the UAE government launched the UAE Government Strategy 2011-2013 by Sheikh Mohammed bin Rashid Al Maktoum, which consists of seven principles, priorities and, enablers, [2] it lays the foundation to achieve "UAE Vision 2021", which is a long-term plan by the UAE to make it "the best countries in the world by the year 2021 when the UAE would celebrate the Golden Jubilee of its formation ...
Waterfront Market (Arabic: سوق الواجهة البحرية) is a fish, vegetable, and meat market in Deira, Dubai, United Arab Emirates. [1] The market opened in 2017. [ 2 ] It is located on the Deira Corniche near Hamriya Port [ 3 ] at the junction of Al Khaleej Road and Abu Hail Road. [ 4 ]
One of the key elements of the center is a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange (DIFX) but was rebranded as NASDAQ Dubai in 2008. The trading hours of NASDAQ Dubai are from 10:00 a.m. to 2:00 p.m. (6:00 a.m. to 10:00 a.m. GMT), from Sunday to Thursday. [10]
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The Dubai Multi Commodities Centre (DMCC) is a commodities exchange and free-trade zone in the United Arab Emirates. It is located in the Jumeirah Lake Towers district of Dubai . The DMCC was created in 2002 and deals in four main sectors: precious commodities (e.g., gold, diamonds); energy; steel and metals and agricultural commodities (e.g ...