Economy
As the capital of and largest settlement in Djibouti, most local businesses have their headquarters in Djibouti city. Djibouti Telecom, the largest telecommunications company in the country, is based here. During its existence, Djibouti Airlines also had its head office in the city.
Port operations from the vicinity of Djibouti City are the chief economic activity of Djibouti. The city's port is the terminus for Ethiopian oil transport and export. Increase in railway infrastructure pending a contract agreement in 2012 will further enable Ethiopian and Eritrean oil to reach the capital.
Read more about this topic: Djibouti (city)
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)