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The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the diamond and coloured gems market. [6] Dubai ranks third behind Antwerp and Mumbai in the leading global diamond hubs in terms of trade, growing from $300 million (Dh1.10 billion) in trade in 2002 to $26 billion in 2016. [7]
Trade Centre 2 is located in the western Dubai, along Sheikh Zayed Road.It borders Trade Centre 1 to the north, Business Bay to the south, and Zabeel to the east. Trade Centre 2 begins at Trade Centre Roundabout (Interchange No. 1), at the intersection of Sheikh Zayed Road and route D 63 (Al Dhiyafa Road) and terminates at Interchange No. 2 (Defence Roundabout).
There are more than 20 Free Zones operating in Dubai, which include the following: Dubai Airport Free Zone [7] Dubai Design District [8] Dubai Healthcare City [9] Dubai International Academic City [10] Dubai Internet City [11] Dubai International Financial Centre [12] Dubai Knowledge Park [13] Dubai Maritime City [14] Dubai Media City [15]
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]
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain.Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones.
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Trade Centre 1 (Arabic: االمركز التجاري الأول), aka Trade Centre First, is a locality in Dubai, United Arab Emirates. Located in western Dubai, Trade Centre 1 forms the northern half of the commercial and residential district on Sheikh Zayed Road .
The Dubai World Trade Centre was originally a single tower, constructed in 1979, and has since been expanded into a business district built around an exhibition centre complex. Originally named the Sheikh Rashid Tower and designed by John R. Harris and Partners (JRHP), the tower was inaugurated by Queen Elizabeth II on February 26, 1979.