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Located in the eastern part of the Arabian Peninsula on the coast of the Persian Gulf, Dubai aims to be the business hub of Western Asia. It is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. Today, less than 5% of the emirate’s revenue comes from oil. A centre for regional and international trade since the early 20th century, Dubai’s economy relies on revenues from trade, tourism, aviation, real estate, and financial services. Wikipedia
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