Dubai travel guide



Dubai Travel Guide

The Oil and The UAE

Dubai Port By the end of the 1920s, the pearling industry collapsed by the appearance of artificial pearls, added to the Great Depression; threatened the prosperity of Dubai, which suffered a mass migration. But, the economy had been diversified boosting its distinctiveness as a regional hub and attracting foreign organizations.

Some years later the rival port of Lingah (Iran) lost its status as a free port increasing the importance of Dubai. In 1947 Dubai and Abu Dhabi fought by a border dispute. The Arbitration of Britain helped to resolve partially the hostilities, but it was just in 1979 when an official compromise was sign.

During the late 1940's and 1950's there was an extensive modernization plan which included improvements such as electricity, telephone services, the construction of the Al Maktoum bridge over the creek, the opening of the Al Maktoum Hospital and the aperture of Dubai International Airport in 1959.

In 1966 happened the devaluation of the Gulf Rupee that led Dubai to unite to the independent state of Qatar sharing a new monetary unit: the Qatar/Dubai riyal. Oil, which was discovered the same year, transformed the destiny of the emirate by allowing the development of the economic and social infrastructure. Many international oil companies settled in the city and began to export its first oil shipments in 1969. Dubai tripled its size in less than a decade.

On 2 December 1971, soon after the British withdrew the Persian Gulf ending its protectorate, Dubai joined with Abu Dhabi, Sharjah, Aiman, Umm Al Quwain, Fajairah and later Ras Al Khaimah to create the federation of the United Arab Emirates. In 1973, Dubai adopted the new uniform currency: the UAE dirham.

Through the rest of the 1970s and 1980ís, Dubai maintained its importance as a commercial route while continued to grow from revenues generated from trade and oil. In this period, Abu Dabi also consolidated its position as the city capital of the emirates.

The Jebel Ali Free Zone was established in 1979. This area that comprised the Jebel Ali port (considered the world's biggest man-made port), provided foreign corporations unrestricted import of labor and export capital.

Dubai History

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