Weekly markets play an important role in the uae. justify

The UAE is the second-largest economy next to Kingdom of Saudi Arabia in terms of GDP amongst the Gulf Cooperation
Council (GCC) nations. In terms of functional segments, the total logistics market in the UAE comprises transportation services, warehousing services, freight forwarding services, and value added logistics services (VALS).

Freight forwarding represents the largest share with about 62 percent and transportation is the
second largest contributor with about 18 percent of total logistics revenues, owing to significant distribution
activity.

The final two contributors to logistics revenue are warehousing at about 16 percent and VALS, such as packaging and labelling, at about four percent.

Logistics services offer significant benefits and wider opportunities to the GCC economies. Overall, the sector is on a growth trajectory and is witnessing the mega trends that would help establish it as a prominent logistics hub.

The GCC benefits from two unique opportunities: strong growth of volume in the trade lane between Europe
and Asia and steady growth and development of manufacturing activities driven by predominantly
Saudi Arabia.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.