Managua center and a generator of services for the majority of the nation. The city, with a population exceeding one million inhabitants, houses many large national and international businesses. It is home to many factories which produce diverse products. Multinational companies such as Wal-Mart, Telefonica, Union Fenosa, and Parmalat have offices and operations in Managua. The city's chief products include beer, coffee, pharmaceuticals, textiles, shoes, matches, construction products, etc. Her main trading products are beef, coffee, cotton, and other crops. Managua is also Nicaragua's main political, social, cultural, educational and economic hub. At the same time, the city is served by
Managua Foreign embassies in Managua also sponsor film festivals. Since the late 1990s and early 2000, many casinos and karaoke bars opened and have remained popular attractions for Nicaraguans and foreign visitors. Popular music includes the Palo de Mayo, Merengue, Cumbia and Latin pop among other Latin music genres, as well as American pop and rock. Salsa dancing is a national pastime. Managua boasts a vibrant night life. Nightclubs and bars are abound in Managua, particularly, in the popular areas called "Zona Viva" located in the shopping mall "Galerías Santo Domingo", as well as very close by "Plaza Mi Viejo Santo