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Treaty and the Gulf
Britain and local rulers signed a treaty to combat piracy on the Gulf coast. Area becomes known as the Trucial Coast -
Period: to
Historical Events of the UAE
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Oil in the UAE
Oil is discovered. Oil is the main reason why the UAE is such a wealthy country today. By 1992 had an estimated proven crude oil reserves of 98 billion barrels and natural gas reserves of 5.2 trillion cubic meters, with the majority of both, within the capital of the UAE, Abu Dhabi. -
Change in Power
Sheikh Zayed Bin-Sultan Al Nuhayyan is now the Ruler of Abu Dhabi. Al Nuhayyan tried his hardest to make the world a better place. He was very religious, determined, hardworking, and generous. -
The Gulf Cooperation Council
The UAE is one of the founding members of the Gulf Cooperation Council. The first meeting was held in the capital. -
Relations with Iraq
The UAE restored their relations with Iraq. Both countries were severed at the outbreak of the 1991 Gulf War. -
Terrorist between Banks
The UAE government ordered banks to freeze the assets of 62 organizations and individual suspected by the US of funding terrorism. -
National Voting
The first-ever national elections. But a small number of handpicked voters choose half the members of the Federal National Council--which is an advisory body. -
Middle East and the Stock Exchange
Dubai and Qatar become the two biggest shareholders of the London Stock Exchange, the world’s third largest stock exchange. -
Burj-Khalifa
Burj Khalifa tower opened as the world’s tallest building and man-made structure. This building is important today, as it draws in many tourist and brings in good money for the UAE’s economy. -
UAE in Space
the UAE planned to send an unnamed spacecraft to Mars in what would be the first space probe by an Arab or Islamic country.
