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1987 Sharjawi Coup D'état Attempt
The 1987 Sharjawi coup or the 1987 Emirati crisis was a political crisis in the United Arab Emirates (UAE) when, due to economic recession due to the 1980s oil glut, the brother of Sultan bin Muhammad Al-Qasimi, the Sheikh of the Emirate of Sharjah, Sheikh `Abd al-`Aziz bin Muhammad Al Qasimi, attempted to stage a bloodless palace coup seizing key positions throughout Sharjah with military elements loyal to him. The coup destabilized the foundation of the still young UAE, and threatened to break the union back into its constituent Emirates, however, it would ultimately fail due to Mohammed bin Rashid Al Maktoum convincing the other Emirati leaders to reinstall the deposed Sultan bin Muhammad Al-Qasimi. Background The UAE was formed on December 2, 1971, as a federation of the constituent emirates within the British protectorate of the Trucial States. Sheikh ‘Abd al-‘Aziz bin Muhammad al-Qasimi was the heir apparent for the throne of Sharjah. However, after his brother, Khalid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980s Oil Glut
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $ per barrel in dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($ to $ in dollars). The glut began in the early 1980s as a result of slowed economic activity in industrial countries due to the crises of the 1970s, especially in 1973 and 1979, and the energy conservation spurred by high fuel prices. The inflation-adjusted real 2004 dollar value of oil fell from an average of $78.2 in 1981 to an average of $26.8 per barrel in 1986. In June 1981, ''The New York Times'' proclaimed that an "oil glut" had arrived and ''Time'' stated that "the world temporarily floats in a glut of oil". However, ''The New York Times'' warned the next week that the word "glut" was misleading, and that temporary surpluses had brought down prices somewhat, but prices were st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palace Coup
A palace is a large residence, often serving as a royal residence or the home for a head of state or another high-ranking dignitary, such as a bishop or archbishop. The word is derived from the Latin name palātium, for Palatine Hill in Rome which housed the Roman Empire, Imperial residences. Most European languages have a version of the term (''palats'', ''palais'', ''palazzo'', ''palacio'', etc.) and many use it to describe a broader range of buildings than English. In many parts of Europe, the equivalent term is also applied to large private houses in cities, especially of the aristocracy. It is also used for some large official buildings that have never had a residential function; for example in French-speaking countries ''Palais de Justice'' is the usual name of important courthouses. Many historic palaces such as parliaments, museums, hotels, or office buildings are now put to other uses. The word is also sometimes used to describe an elaborate building used for public ent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
USD$
The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallic standard of (0.7734375 troy ounces) fine silver or, from 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium. Methane is a colorless and odorless gas, and, after carbon dioxide, is the second-greatest greenhouse gas that contributes to global climate change. Because natural gas is odorless, a commercial odorizer, such as Methanethiol (mercaptan brand), that smells of hydrogen sulfide (rotten eggs) is added to the gas for the ready detection of gas leaks. Natural gas is a fossil fuel that is formed when layers of organic matter (primarily marine microorganisms) are thermally decomposed under oxygen-free conditions, subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refining, refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric life, prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by oil drilling, drilling, which is done after a study of the relevant structural geology, sedimentary basin analysis, analysis of the sedimentary basin, and reservoir characterization, characterization of the petroleum reservoir. There are also unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Press International
United Press International (UPI) is an American international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines, radio and television stations for most of the 20th century until its eventual decline beginning in the early 1980s. At its peak, it had more than 6,000 media subscribers. Since the first of several sales and staff cutbacks in 1982, and the 1999 sale of its broadcast client list to its main U.S. rival, the Associated Press, UPI has concentrated on smaller information-market niches. History Formally named United Press Associations for incorporation and legal purposes but publicly known and identified as United Press or UP, the news agency was created by the 1907 uniting of three smaller news syndicates by the Midwest newspaper publisher E. W. Scripps. It was headed by Hugh Baillie (1890–1966) from 1935 to 1955. At the time of his retirement, UP had 2,900 clients in the United States, and 1, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf News
''Gulf News'' is a daily English language newspaper published from Dubai, United Arab Emirates. First launched in 1978, it is distributed throughout the UAE and also in other Persian Gulf countries. Its online edition was launched in 1996. Through its owner Al Nisr Publishing, it is a subsidiary of the Al Tayer Group, which is chaired by UAE Finance Minister Obaid Al Tayer. History and profile ''Gulf News'' was first launched in tabloid format on 30 September 1978, but struggled in its early years. In November 1984, three UAE businessmen purchased the company and formed Al Nisr Publishing. The new owners of the paper were Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. With the death of Abdullah Al Rostamani in 2006, his position on the board is held by a family nominee while the other directors remain. Under new ownership, ''Gulf News'' was relaunched on 10 December 1985 and was free to the public. From February 1986, the public was charged one dirham (US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharjah Amiri Guard
Sharjah (; ', Gulf Arabic: ''aš-Šārja'') is the third-most populous city in the United Arab Emirates, after Dubai and Abu Dhabi. It is the capital of the Emirate of Sharjah and forms part of the Dubai-Sharjah-Ajman metropolitan area. Sharjah is the capital of the eponymous emirate. The emirate shares legal, political, military and economic functions with the other emirates of the UAE within a federal framework, although each emirate has jurisdiction over some functions such as civil law enforcement and provision and upkeep of local facilities. Sharjah has been ruled by the Al Qasimi dynasty since the 18th century. The city is a center for culture and industry, and alone contributes 7.4% of the GDP of the United Arab Emirates. The city covers an approximate area of 235 km2 and has a population of over 1,800,000 (2022–2023). The sale or consumption of alcoholic beverages is prohibited in the emirate of Sharjah without possession of an alcohol license and alcohol is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
