Dubai and the UAE
On 2 December 1971 Dubai, Abu Dhabi and five other emirates formed the United Arab Emirates following Britain’s withdrawal from the Persian Gulf.
In 1973, Dubai and the other emirates adopted a common currency, the UAE dirham.
Dubai continued to grow from revenues generated by oil and trade, and the city saw an influx of Lebanese immigrants fleeing the civil war in their own country.
The Jebel Ali Free Zone, comprising the Jebel Ali port was established in 1979 allowing foreign companies unrestricted import of labour and export capital.
Related posts:
- A brief history of Dubai’s economy up to 1979
- Free zones and trade
- A brief history of Dubai’s economy from the Gulf War to The Islands
- Dubai in the twentieth century
- The 1990s to today
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