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 basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)