What were your first impressions of the UAE, or the Trucial States
as the area was then known?
From Trucial States
to United Arab Emiriahs: A Society in Transition.
The UAE maintains that Iran occupied the three islands in November 1971 in the cover of the night during the short window between the British withdrawal from the Trucial States
and the announcement of the UAE as a federation of these states.
There he spent some 21 months, first in Egypt, then at Sharjah in the Trucial States
and finally in Tripolitania (Libya).
It was used in the UAE until 1966, when the Trucial states
decided to use the Bahraini Dinar, before finally settling with the UAE Dirham in 1978.
But, as trade developed, Dubai remained a protectorate of Britain, part of the Trucial States
that extended along the northern coast of the Arabian Peninsula.
HSBC has played a seminal role in the evolution of the UAE's banking and capital markets even in the Trucial States
era when Britannia ruled the waves (and the air waves) East of Suez.
Also changed is that Abu Dhabi, the wealthiest of the seven former Trucial States
that make up the United Arab Emirates, is now, in the wake of the bailout of Dubai, much more dominant in its influence on Dubai, not just economically but also politically and socially.
The Asarpotas were transferred by British Petroleum from Bahrain to an area known as the Gulf Trucial States
in the following sections we segment the key historical events over three broad time frames: (1) the formation of the Trucial States
, (2) the Rentier Era and the discovery of oil, and (3) the Federation and the U.
Britain's political domination of the region began in the 1820s, culminating in the Treaty of Maritime Peace of 1853, which created the system of trucial states
along the Arabian coast.
Formally known as the Trucial States
, the seven emirate confederation situated on the eastern horn of the Arabian Peninsula gained independence from the UK in 1971, and formed a federal union of six emirates that became the UAE.