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:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)