2002 - The UAE’s newest bank — Dubai Bank — was launched by its Chairman, Shaikh Hamdan Bin Mohammad Al Maktoum, at a function that was also attended by Mohammad Ali Alabbar, Chairman of Emaar Properties, and Ahmad Bin Brek, the chief executive of the bank. Living up to its promise of being a truly breakaway brand and a catalyst for change, the new bank commenced its commercial operations with a rich portfolio of innovative and unique banking products and services. The bank, capitalised at Dh300 million, is a fully-owned subsidiary of the real estate major Emaar Properties. The move is intended to add Emaar Properties shareholder value by way of diversifying into the financial sector. Shareholders of Emaar have ratified the move by the company.
Other important events
1761 - Britain’s King George III and his wife, Charlotte, are crowned in Westminster Abbey.
1792 - French Republic is proclaimed and revolutionary calendar goes into effect.
1927 - Slavery is abolished in Sierra Leone in Africa.
1949 - The Soviet Union explodes its first atomic bomb.
1953 - The world’s first four-level freeway interchange opens in Los Angeles, California
1955 - Hurricane Janet, the most violent Caribbean hurricane of the season, kills 600.
1960 - A US Marine Corps DC-6 plane en route from Japan to the Philippines crashes in the ocean 290km south of Okinawa. All 29 passengers are killed.
1965 - A ceasefire is declared in the war between India and Pakistan, but both sides subsequently violate it.
1980 - Iraqi tanks enter Iran, marking the beginning of the Iran-Iraq War as a full-scale conflict.
1988 - UAE and Egypt sign an agreement setting up a joint cooperation committee.
1989 - Ten people are killed when an IRA bomb rips through barracks in south-east London.
1993 - Abkhazian rebels in Georgia shoot down second passenger plane in two days, killing 80.
1994 - Former diplomat Jaafar Abdul Rahman is formally installed as Malaysia’s new king.
1997 - A bloody slaughter in the Algiers suburb of Baraki overnight leaves 200 people dead.
1998 - Saudi Arabia expels the Afghan charge d’affaires and recalls its representative from Kabul.
2005 - Two bicycle bombs explode minutes apart in Pakistan’s eastern city of Lahore, killing at least six people.
2008 - South Africa’s ruling African National Congress names Kgalema Motlanthe as head of state.
2011 - Former Indian cricket captain Mansour Ali Khan Pataudi dies at the age of 70.
2013 - Twin suicide bomb blasts at a church in Kohati Gate area of Peshawar kill more than 75.
2014 - Mubarak Rashid Khamis Al Mansouri appointed UAE Central Bank Governor.
2015 - Yemeni President Abd Rabbo Mansour Hadi flies to Aden after six months in exile in Saudi Arabia.