Emirate of Dubai
Oil supply in Dubai is less than 1/20th as much as the emirate of Abu Dhabi, and oil money is now only a small part of the city's total money. Dubai and its twin across the Dubai creek, Deira (independent at that time), became important ports of call for Western manufacturers. Most of the new city's banking and financial centers were in this area. Dubai kept its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and till the 1990s was the center of a "brisk smuggling trade" of gold ingots to India, where gold import was restricted.