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The United Arab Emirates is situated in the Middle East and West Asia, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia; it is at a strategic location along the northern approaches to the Strait of Hormuz, a vital transit point for world crude oil. [2]
Most of the new city's banking and financial centres were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. Dubai has a free trade in gold and, until the 1990s, was the hub of a "brisk smuggling trade" [59] of gold ingots to India, where gold import
A vast sea of sand dunes covers much of southern Dubai and eventually leads into the desert known as The Empty Quarter. Seismically, Dubai is in a very stable zone—the nearest seismic fault line, the Zagros Fault, is 200 kilometres (124 miles) from the UAE and is unlikely to have any seismic impact on Dubai. [4]
Jebel Ali port is located 35 km southwest of Dubai, in the Persian Gulf.The port is part of the Maritime Silk Road that runs from the Chinese coast to the south via the southern tip of India to Mombasa, from there through the Red Sea via the Suez Canal to the Mediterranean, there to the Upper Adriatic region to the northern Italian hub of Trieste with its rail connections to Central Europe ...
In 2008–09, India emerged as the largest trade partner of the UAE with bilateral trade between the two countries exceeding $44.5 billion. [14] In 2018–19, India-UAE bilateral trade grew by over 20% and India's exports to UAE grew by 7% whereas the UAE's exports to India surged by 37% to reach US$29.78 billion. [15]
The International North–South Transport Corridor (INSTC) is a 7,200-km (4500 mile) long [1] multi-mode network of ship, rail, and road route for moving freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe.
The marine distance to Dubai is 353 nautical miles (654 kilometres; 406 miles), to Karachi in Pakistan is 456 nmi (845 km; 525 mi), and to Mumbai in India is 843 nmi (1,560 km; 970 mi) . [17] Pakistan's deep sea port at Gwadar is also on the Makran coast, at a distance [18] of a mere 76 nautical miles. Gwadar also claims to provide access to ...
On 2 May 2020, the Consul General of India in Dubai, Vipul, confirmed that more than 150,000 Indians in the United Arab Emirates registered to be repatriated through the e-registration option provided by Indian consulates in the UAE. According to the figures, 25% of applicants lost their jobs and nearly 15% were stranded in the country due to ...