Relationship With Other Emirates of The Persian Gulf
Dubai remained in a stand-off with Abu Dhabi at the time Sheikh Rashid became Ruler of Dubai following the armed border dispute between the two Sheikhdoms in 1946, and he establish a close relationship with Qatar. Sheikh Rashid's daughter married the Emir of Qatar in 1961, and the Emir provided US$700 in the financing of Port Rashid as a wedding present. In 1966, India devalued the rupee, and Qatar and Dubai adopted the Gulf rupee as a common currency, whilst Abu Dhabi adopted the Bahraini dinar.
The Emir of Kuwait assisted in the financing of the Dredging of the Creek, which resulted in Dubai's prominence as an entrepôt.
Sheikh Rashid brought Dubai to join Abu Dhabi and other northern Emirates to create the United Arab Emirates in 1971, and in 1973, Dubai joined the other emirates to adopt a uniform currency, the UAE dirham.
Jebel Ali port was established in 1979, and the customs free zone Jebel Ali Free Zone (JAFZ) was built around the port in 1985. By the late 1990s JAFZ developed into a commercial free zone.
Read more about this topic: Rashid Bin Saeed Al Maktoum
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