Dubai is located on the Eastern coast of the Arabian Peninsula, in the south west corner of the Arabian Gulf. It is extremely well known for its warm hospitality and rich cultural heritage, and the Emirati people are welcoming and generous in their approach to visitors. With year-round sunshine, intriguing deserts, beautiful beaches, luxurious hotels and shopping malls, fascinating heritage attractions and a thriving business community, Dubai receives millions of leisure and business visitors each year from around the world.
The local currency is the dirham, which is pegged at AED 3.67 to 1 US dollar. Dubai is tolerant and cosmopolitan and all visitors are welcome. However, Islam is a way of life in the city, and therefore tourists should adopt a certain level of cultural and religious sensitivity for the duration of their stay.
Since 1833 the reigning Al Maktoum family have ruled Dubai. Under their wise and progressive leadership Dubai has prospered and it is now the business and tourism hub for a region that stretches from Egypt to the Indian sub-continent, and from South Africa to the CIS countries.
The eighth ruler from the Al Maktoum family, the late His Highness Sheikh Rashid bin Saeed Al Maktoum, ruler of Dubai from 1958 – 1990, guided the Emirate with compassion and understanding. He realized what was necessary to transform Dubai into the cosmopolitan, prosperous city it is today. Sheikh Rashid along with Sheikh Zayed bin Sultan Al Nahyan, is credited with playing a key role in establishing the federation of the United Arab Emirates.
Following the death of Sheikh Rashid in November 1990, Sheikh Maktoum Bin Rashid Al Maktoum became Ruler of Dubai and Vice President and Prime Minister of the UAE, positions he held until he passed away in January 2006.
On January 4th 2006, His Highness Sheikh Mohammed bin Rashid Al Maktoum became the Ruler of Dubai following the death of Sheikh Maktoum bin Rashid Al Maktoum. Under his leadership Dubai is fast becoming one a of the major cities in the world. His Highness Sheikh Mohammed is also the Vice-President and Prime Minister of the UAE.
On 1st February, 2008, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was proclaimed Crown Prince of Dubai. He is also Chairman of Dubai’s Executive Council. The Deputy Rulers of Dubai are HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and HH Sheikh Hamdan bin Rashid Al Maktoum. HH Sheikh Hamdan bin Rashid Al Maktoum is also the UAE’s Minister of Finance.
Dubai has changed dramatically over the last three decades, becoming a major business centre with a more dynamic and diversified economy. Dubai enjoys a strategic location and serves as the biggest re-exporting centre in the Middle East.
Its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies are attracting investors in a big way. Activities such as trade, transport, tourism, industry and finance have shown steady growth and helped the economy to achieve a high degree of expansion and diversification.