CURRENT AFFAIRS

Detailed explanation-1: -Dubai is the commercial capital of the oil-rich United Arab Emirates in the Persian Gulf.

Detailed explanation-2: -Dubai is emerging as an international destination for the commercial community to set up in. In 1994, Dubai was declared as the first IT-free zone and strategically positioned itself at the centre of global trade routes for logistics and finance.

Detailed explanation-3: -Dubai was the residence of the British political agent for the former Trucial States from 1954 until 1971. Known as the Venice of the Gulf, Dubai is the chief port and commercial centre of the United Arab Emirates.

Detailed explanation-4: -The UAE capital Abu Dhabi is a great place to do business, invest, live and work. Abu Dhabi is the capital of the UAE and the largest emirate – by size and GDP contribution.

Detailed explanation-5: -Because Dubai is well known around the world and it’s economy is dependent on international trade and tourism.. so dubai is the commercial capital of UAE.