Actually, Dubai is a major center of both finance and trade and is the gateway to the east. Antwerp is suffering from business moved there,
Dubai is also a major distribution center with free trade zones housing both massive ware houses and manufacturing. There is both a world class port and air freight center.
The reliance on oil is rapidly being superseded by massive trade.
true. it looks that way, but Dubai’s foundations are very shaky, based on a property bubble and threatened by the rise of Bombay as an alternative as well as the attempts by Qatar and Abu Dhabi to take the business away.