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Etymology[ edit ] Many theories have been proposed as to origin of the word "Dubai". One theory suggests the word used to be the souq in Ba. The area was known to the Sumerians as Magan, and was a source for metallic goods, notably copper and bronze.
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The exodus from Abu Dhabi was led by Obeid bin Saeed and Maktoum bin Buttiwho became joint leaders of Dubai until Ubaid died inleaving Maktum to establish the Maktoum dynasty. The conflagration consumed half the houses of Bur Dubai, while the district of Deira was said to have been totally destroyed.
The following year, more fires broke out. A female slave was caught in the act of starting one such blaze and was subsequently put to death.
These policies saw a movement of merchants not only directly from Lingeh,  but also those who had settled in Ras Al Khaimah and Sharjah which had historical links with Lingeh through the Al Qawasim tribe to Dubai.
An indicator of the growing importance of the port of Dubai can be gained from the movements of the steamer of the Bombay and Persia Steam Navigation Company, which from to paid five visits annually to Dubai.
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In the company's vessels made 21 visits to Dubai and from on,  the steamers called fortnightly — intrading seventy thousand tonnes of cargo. Lorimer notes the transfer from Lingeh 'bids fair to become complete and permanent',  and also that the town had by supplanted Lingeh as the chief entrepôt of the Trucial States. The disaster was a major setback for Dubai, with Nazwy opcji akcji families losing their breadwinner and merchants facing financial ruin.
These losses came at a time when the tribes of the interior were also experiencing poverty. In a letter to the Sultan of Muscat inButti laments, 'Misery and poverty are raging among them, with the result that they are struggling, looting and killing among themselves.
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Pre-oil Dubai[ edit ] Dubai's geographical proximity to Iran made it an important trade location. The town of Dubai was an important port of call for foreign tradesmen, chiefly those from Iran, many of whom eventually settled in the town. By the beginning of the 20th century, it was an important port.
With the collapse of the pearling industry, Dubai fell into a deep depression and many residents lived in poverty or migrated to other parts of the Persian Gulf.
Ina border dispute between Dubai and Abu Dhabi on the northern sector of their mutual border escalated into war. Private companies were established to build and operate infrastructure, including electricity, telephone services and both the ports and airport operators.
This was followed by the Ambassador and Carlton Hotels in Harris imagined a Dubai that would rise from the historic center on Dubai Creek, with an extensive road system, organised zones, and a town center, all of which could feasibly be built with the limited financial resources at the time. Early the next morning in heavy seas off Umm al-Quwain, an explosion tore out the second class cabins and started fires. The captain gave the order to abandon ship but two lifeboats capsized and a second explosion occurred.
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A flotilla of small boats from Dubai, Sharjah, Ajman and Umm al-Quwain picked up survivors, but of the persons on board were lost in the disaster. More and more European and Arab firms are opening up and the future looks bright.
This crossing was finished in May and was paid for by a toll levied on the crossing from the Dubai side of the creek to the Deira side. However, by the time the asphalt runway of Dubai Airport was constructed inopening Dubai to both regional and long haul traffic, a number of foreign airlines were competing for landing rights.
This gold was, in the vast majority, re-exported - mainly to customers who took delivery in international waters off India. The import of gold to India had been banned and so the trade was characterised as smuggling, although Dubai's merchants were quick to point out that they were making legal deliveries of gold and that it was up to the customer where they took it. The first field was named 'Fateh' or 'good fortune'.
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This led to an acceleration of Sheikh Rashid's infrastructure development plans and a construction boom that brought a massive influx of foreign workers, mainly Asians and Middle easterners.
These were constructed by the Chicago Bridge and Iron Companywhich gave the beach its local name Chicago Beachwhich was transferred to the Chicago Beach Hotel, which was demolished and replaced by the Jumeirah Beach Hotel in the late s. The Kazzans were an innovative oil storage solution which meant supertankers could moor offshore even in bad weather and avoided the need to pipe oil onshore from Fateh, which is some 60 miles out to sea.
Oil revenue, flowing from onwards supported a period of growth with Sheikh Rashid embarking on a policy of building infrastructure and a diversified trading economy before the emirate's limited reserves were depleted. Originally Opcje akcji EA Sports to be a four-berth port, it was extended to sixteen berths as construction was ongoing.
The project was an outstanding success, with shipping queuing to access the new facilities. The port was inaugurated on 5 Octoberalthough its berths were each pressed into use as soon as they had been built.
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Port Rashid was to be further expanded in to add a further 35 berths before the larger port of Jebel Ali was constructed. The decision was to pitch Surowe strategie handlu ropa naftowej w Telugu coastal emirates, together with Qatar and Bahraininto fevered negotiations to fill the political vacuum Surowe strategie handlu ropa naftowej w Telugu the British withdrawal would leave behind.
Etymology[ edit ] Many theories have been proposed as to origin of the word "Dubai". One theory suggests the word used to be the souq in Ba.
Over the next two years, negotiations and meetings of the rulers followed -often stormy- as a form of union was thrashed out. The nine-state union was never to recover from the October meeting where heavy-handed British intervention resulted in a walk-out by Qatar and Ras Al Khaimah.
The port was not initially a success, so Sheikh Mohammed established the JAFZA Jebel Ali Free Zone around the port in to provide foreign companies unrestricted import of labour and export capital. The Gulf War of had a negative financial effect on the city, as depositors withdrew their money and traders withdrew their trade, but subsequently, the city recovered in a changing political climate and thrived.
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Later in the s, many foreign trading communities—first from Kuwaitduring the Gulf War, and later from Bahrainduring the Shia unrest—moved their businesses to Dubai. Large increases in oil prices after the Gulf War encouraged Dubai to continue to focus on free trade and tourism.