Workers at the construction site of the Nord Stream 2 gas pipeline, near the Russian town of Kingisepp, in June 2019. Reuters
Workers at the construction site of the Nord Stream 2 gas pipeline, near the Russian town of Kingisepp, in June 2019. Reuters
Workers at the construction site of the Nord Stream 2 gas pipeline, near the Russian town of Kingisepp, in June 2019. Reuters
Workers at the construction site of the Nord Stream 2 gas pipeline, near the Russian town of Kingisepp, in June 2019. Reuters

World

Nord Stream 2 owner considers insolvency after pipeline halt and sanctions

Nord Stream 2 AG could formally begin insolvency proceedings in a Swiss court this week

Soraya Ebrahimi
Soraya Ebrahimi

March 02, 2022

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Live updates: follow the latest news on Russia-Ukraine

The Swiss-based company that built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, sources said, as it tries to settle claims before a US sanction deadline for other entities to stop dealing with it.

The US imposed sanctions on Nord Stream 2 AG last week after Russia recognised two breakaway regions in eastern Ukraine before its invasion of the country, which brought economic sanctions from the West.

Nord Stream 2 AG, which is registered in Switzerland and owned by Russian state-owned gas giant Gazprom, last year completed the $11 billion project, which was designed to double the capacity to pump gas from Russia to Germany.

The sources said that the company has been working with a financial adviser on clearing some of its liabilities and could formally begin insolvency proceedings in a Swiss court this week.

Nord Stream 2 AG did not comment on possible insolvency. Gazprom declined to comment.

Swiss newspaper Blick's website posted a video interview with Silvia Thalmann, director of economic affairs in the canton of Zug, where Nord Stream 2 AG is based.

"This is not a mass dismissal [of staff]," Ms Thalmann said. "A mass dismissal is only when the company continues to exist. In this case, however, it is a bankruptcy."

She could not be reached for immediate comment outside business hours. Nord Stream 2 AG was also not immediately available.

A monitor displays a projectile striking the regional state administration building in Kharkiv, as the Russian invasion continues. Reuters
A monitor displays a projectile striking the regional state administration building in Kharkiv, as the Russian invasion continues. Reuters
People help a wounded woman in the aftermath of Russian shelling in Kharkiv. EPA
People help a wounded woman in the aftermath of Russian shelling in Kharkiv. EPA
Ukrainian emergency service personnel carry the body of a victim following shelling in Kharkiv. AP
Ukrainian emergency service personnel carry the body of a victim following shelling in Kharkiv. AP
Students who fled the conflict rest in a refugee camp in Voluntari, Romania. AP
Students who fled the conflict rest in a refugee camp in Voluntari, Romania. AP
Members of an Ukrainian civil defence unit pass new assault rifles to the opposite side of a blown-up bridge on Kiev’s northern front. AFP
Members of an Ukrainian civil defence unit pass new assault rifles to the opposite side of a blown-up bridge on Kiev’s northern front. AFP
Civilians cross a river on Kiev's northern front. AFP
Civilians cross a river on Kiev's northern front. AFP
A woman takes photos of a destroyed accommodation building near a checkpoint in Brovary, outside Kiev. AP
A woman takes photos of a destroyed accommodation building near a checkpoint in Brovary, outside Kiev. AP
The city hall of Kharkiv, damaged by Russian shelling. AFP
The city hall of Kharkiv, damaged by Russian shelling. AFP
Debris litters the square outside the damaged Kharkiv city hall. AFP
Debris litters the square outside the damaged Kharkiv city hall. AFP
A Ukrainian woman sleeps on the floor of the railway station in Zahonyi close to the Hungary/Ukraine border. AFP
A Ukrainian woman sleeps on the floor of the railway station in Zahonyi close to the Hungary/Ukraine border. AFP
A medical worker attends to wounded man at a hospital in Brovary, outside Kiev. AP
A medical worker attends to wounded man at a hospital in Brovary, outside Kiev. AP
Refugees from Ukraine in a tent at the Medyka border crossing, Poland. AP
Refugees from Ukraine in a tent at the Medyka border crossing, Poland. AP
Debris outside the regional administration building, which city officials said was hit by a missile, in Kharkiv. Reuters
Debris outside the regional administration building, which city officials said was hit by a missile, in Kharkiv. Reuters
A student evacuated from Ukraine is embraced by her family after arriving at Tunis-Carthage International Airport in Tunisia. AFP
A student evacuated from Ukraine is embraced by her family after arriving at Tunis-Carthage International Airport in Tunisia. AFP
Rescuers in a building damaged by a missile in central Kharkiv. Reuters
Rescuers in a building damaged by a missile in central Kharkiv. Reuters
An ambulance is visible through the damaged window of a vehicle hit by bullets in Kiev, Ukraine. Reuters
An ambulance is visible through the damaged window of a vehicle hit by bullets in Kiev, Ukraine. Reuters
Territorial defence members prepare to head out on patrol in Kiev. EPA
Territorial defence members prepare to head out on patrol in Kiev. EPA
UN Secretary General Antonio Guterres delivers a speech on screen during the opening of the 49th session of the UN Human Rights Council in Geneva, Switzerland. AP
UN Secretary General Antonio Guterres delivers a speech on screen during the opening of the 49th session of the UN Human Rights Council in Geneva, Switzerland. AP
A policeman detains a young demonstrator during a protest against Russia's attack on Ukraine in St Petersburg, Russia. AP
A policeman detains a young demonstrator during a protest against Russia's attack on Ukraine in St Petersburg, Russia. AP
Local residents in Zhytomyr, Ukraine, prepare Molotov cocktails. Reuters
Local residents in Zhytomyr, Ukraine, prepare Molotov cocktails. Reuters
Residents clean a bomb shelter under an out-of-service cinema in central Zhytomyr. Reuters
Residents clean a bomb shelter under an out-of-service cinema in central Zhytomyr. Reuters
Ukrainian volunteers tear cloth into strips to make camouflage nets in Lviv, western Ukraine. AP
Ukrainian volunteers tear cloth into strips to make camouflage nets in Lviv, western Ukraine. AP
Part of the military convoy north-west of Invankiv, Ukraine. AP
Part of the military convoy north-west of Invankiv, Ukraine. AP
Mark Goncharuk, a young boy from Kiev, leaves his father behind as he travels with the rest of his family towards the border. Reuters
Mark Goncharuk, a young boy from Kiev, leaves his father behind as he travels with the rest of his family towards the border. Reuters
People hold an anti-war protest outside the Russian Embassy in Mexico City, Mexico. Reuters
People hold an anti-war protest outside the Russian Embassy in Mexico City, Mexico. Reuters
A crater caused by shelling on the outskirts of Kiev. AFP
A crater caused by shelling on the outskirts of Kiev. AFP
People queue outside a grocery store in the Ukrainian capital. EPA
People queue outside a grocery store in the Ukrainian capital. EPA
Ukrainian soldiers stand at Maidan Nezalezhnosti, or Independence Square, in Kiev. EPA
Ukrainian soldiers stand at Maidan Nezalezhnosti, or Independence Square, in Kiev. EPA
Vladimir Medinsky, the head of the Russian delegation, second left, and Davyd Arakhamia, faction leader of the Servant of the People party in the Ukrainian Parliament, third right, attend the peace talks in the Gomel region of Belarus. AP
Vladimir Medinsky, the head of the Russian delegation, second left, and Davyd Arakhamia, faction leader of the Servant of the People party in the Ukrainian Parliament, third right, attend the peace talks in the Gomel region of Belarus. AP
People who have fled the Russian invasion in Ukraine, clamour to board a bus bound for a refugee centre established in Przemysl, Poland. Reuters
People who have fled the Russian invasion in Ukraine, clamour to board a bus bound for a refugee centre established in Przemysl, Poland. Reuters
Hanna Pavlovna Lukasz, from Mirhord, Ukraine, said her sons, aged 12 and 8, and her 66-year-old mother had been waiting on the Ukrainian side of the border crossing with Medyka, Poland, for four days. AP
Hanna Pavlovna Lukasz, from Mirhord, Ukraine, said her sons, aged 12 and 8, and her 66-year-old mother had been waiting on the Ukrainian side of the border crossing with Medyka, Poland, for four days. AP
A volunteer from Kiev prepares a rear post with trenches in the city. AFP
A volunteer from Kiev prepares a rear post with trenches in the city. AFP
A child being treated for cancer rests in the bomb shelter of the oncology ward at a hospital in Kiev. Getty
A child being treated for cancer rests in the bomb shelter of the oncology ward at a hospital in Kiev. Getty
Police officers check occupants of a suspicious car in Kiev, as Russia's invasion of Ukraine continues. Reuters
Police officers check occupants of a suspicious car in Kiev, as Russia's invasion of Ukraine continues. Reuters
A woman from Ukraine uses a phone to listen to a speech by President Volodymyr Zelenskyy at a refugee shelter in Beregsurany, Hungary. Reuters
A woman from Ukraine uses a phone to listen to a speech by President Volodymyr Zelenskyy at a refugee shelter in Beregsurany, Hungary. Reuters
Shelves empty of bread after a curfew was lifted as Russia's invasion of Ukraine continues, in Kiev. Reuters
Shelves empty of bread after a curfew was lifted as Russia's invasion of Ukraine continues, in Kiev. Reuters
Ukrainian Defence Minister Oleksii Reznikov, left, and President Zelenskyy. AFP
Ukrainian Defence Minister Oleksii Reznikov, left, and President Zelenskyy. AFP
Snow-covered shoes donated for those fleeing the Russian invasion of Ukraine at the border crossing in Medyka, Poland. Reuters
Snow-covered shoes donated for those fleeing the Russian invasion of Ukraine at the border crossing in Medyka, Poland. Reuters
People who have fled Ukraine wait for a bus to transport them away from the border crossing in Medyka. Reuters
People who have fled Ukraine wait for a bus to transport them away from the border crossing in Medyka. Reuters
Norwegian soldiers of the Nato-enhanced forward presence battalion pose at a military plane as they arrive at an airport in Kaunas, Lithuania. AP
Norwegian soldiers of the Nato-enhanced forward presence battalion pose at a military plane as they arrive at an airport in Kaunas, Lithuania. AP
A person fleeing Ukraine sits during snowfall at a temporary camp in Przemysl, Poland. Reuters
A person fleeing Ukraine sits during snowfall at a temporary camp in Przemysl, Poland. Reuters
Footage reportedly of Russian Buk missile system vehicles on a road before a drone strike near Malyn, Ukraine. Reuters
Footage reportedly of Russian Buk missile system vehicles on a road before a drone strike near Malyn, Ukraine. Reuters
An explosion after what are said to be Russian Buk missile system vehicles on a road are struck by a drone. Reuters
An explosion after what are said to be Russian Buk missile system vehicles on a road are struck by a drone. Reuters
The monument to Russian troops from the Second World War, after the figures’ hands were painted red, at the Red Army memorial in Sofia, Bulgaria. EPA
The monument to Russian troops from the Second World War, after the figures’ hands were painted red, at the Red Army memorial in Sofia, Bulgaria. EPA
The Peace Tower on Parliament Hill in Ottawa, Canada, is lit up with the colours of Ukraine’s national flag in a show of support. AP
The Peace Tower on Parliament Hill in Ottawa, Canada, is lit up with the colours of Ukraine’s national flag in a show of support. AP
Russian President Vladimir Putin visits the construction site of the National Space Agency on the premises of the Khrunichev State Research and Production Space Centre, in Moscow. EPA
Russian President Vladimir Putin visits the construction site of the National Space Agency on the premises of the Khrunichev State Research and Production Space Centre, in Moscow. EPA
A man looks out from a train, at the railway station in Lviv, Ukraine. The UN has estimated the conflict could produce as many as four million refugees. AP
A man looks out from a train, at the railway station in Lviv, Ukraine. The UN has estimated the conflict could produce as many as four million refugees. AP
A Ukrainian boy waits for his mother after passing the border crossing point in Siret, northern Romania. EPA
A Ukrainian boy waits for his mother after passing the border crossing point in Siret, northern Romania. EPA
Russian policemen detain a demonstrator in St Petersburg, during a protest against the country's military actions in Ukraine. EPA
Russian policemen detain a demonstrator in St Petersburg, during a protest against the country's military actions in Ukraine. EPA
Ukrainian soldiers at a check point in the city of Zhytomyr. Reuters
Ukrainian soldiers at a check point in the city of Zhytomyr. Reuters
Residents prepare petrol bombs to defend the city, in Uzhhorod, Ukraine. Reuters
Residents prepare petrol bombs to defend the city, in Uzhhorod, Ukraine. Reuters
A pro-Russian fighter sits inside a tank in the separatist self-proclaimed Luhansk People's Republic, in the Luhansk region, Ukraine. Reuters
A pro-Russian fighter sits inside a tank in the separatist self-proclaimed Luhansk People's Republic, in the Luhansk region, Ukraine. Reuters
Russian President Vladimir Putin, right, speaks to Defence Minister Sergei Shoigu, second left, and Head of the General Staff of the Armed Forces and First Deputy Defence Minister Valery Gerasimov, left, during their meeting in Moscow. AP
Russian President Vladimir Putin, right, speaks to Defence Minister Sergei Shoigu, second left, and Head of the General Staff of the Armed Forces and First Deputy Defence Minister Valery Gerasimov, left, during their meeting in Moscow. AP
Ukrainians and supporters gather during a demonstration in front of the Greek Parliament in Athens against the Russian military's operation in Ukraine. AFP
Ukrainians and supporters gather during a demonstration in front of the Greek Parliament in Athens against the Russian military's operation in Ukraine. AFP
Ukrainian Territorial Defence fighters test an automatic grenade launcher taken from a destroyed Russian infantry mobility vehicla after a battle in Kharkiv. AFP
Ukrainian Territorial Defence fighters test an automatic grenade launcher taken from a destroyed Russian infantry mobility vehicla after a battle in Kharkiv. AFP

The 1,230km pipeline had not begun commercial operations because it was pending certification in Germany, which last week put the process on hold as a result of the escalating Ukraine crisis.

The US Treasury Department's Office of Foreign Assets Control issued an executive order on February 23 authorising "the wind down of transactions involving Nord Stream 2 AG" or "any entity in which Nord Stream 2 AG owns, directly or indirectly, a 50 per cent or greater interest" by March 2.

Gazprom paid half the cost of building Nord Stream 2, with the rest of the project financed by British oil and gas major Shell, Austria's OMV, France's Engie and Germany's Uniper and Wintershall DEA.

It was unclear if all entities related to Nord Stream 2 AG would be shut down or how Gazprom plans to proceed with the pipeline maintenance.

Switzerland's Minister of Economy, Guy Parmelin, told Swiss radio station RTS on Monday that all Nord Stream staff, more than 140 employees, who worked for the company in Zug had been fired.

Job cuts were confirmed on Tuesday by the company.

"Following the recent geopolitical developments leading to the imposition of US sanctions on Nord Stream 2 AG, the company had to terminate contracts with employees," it said. "We very much regret this development."

Germany, which gets half of its gas from Russia, backed Nord Stream 2 to diversify energy supplies for Europe.

But the project faced opposition within the EU and from the US for increasing the region's gas dependence on Russia and allowing Moscow to reduce volumes through Ukraine, for which it had to pay a transit fee.

Since the development of the Ukraine crisis last week, several large companies, including oil majors, said they would leave their Russian operations.

They included Shell, which said it would no longer be involved in Nord Stream 2, among other investments.

It’ll be summer in the city as car show tries to move with the times

If 2008 was the year that rocked Detroit, 2019 will be when Motor City gives its annual car extravaganza a revamp that aims to move with the times.

A major change is that this week's North American International Auto Show will be the last to be held in January, after which the event will switch to June.

The new date, organisers said, will allow exhibitors to move vehicles and activities outside the Cobo Center's halls and into other city venues, unencumbered by cold January weather, exemplified this week by snow and ice.

In a market in which trends can easily be outpaced beyond one event, the need to do so was probably exacerbated by the decision of Germany's big three carmakers – BMW, Mercedes-Benz and Audi – to skip the auto show this year.

The show has long allowed car enthusiasts to sit behind the wheel of the latest models at the start of the calendar year but a more fluid car market in an online world has made sales less seasonal.

Similarly, everyday technology seems to be catching up on those whose job it is to get behind microphones and try and tempt the visiting public into making a purchase.

Although sparkly announcers clasp iPads and outline the technical gadgetry hidden beneath bonnets, people's obsession with their own smartphones often appeared to offer a more tempting distraction.

“It's maddening,” said one such worker at Nissan's stand.

The absence of some pizzazz, as well as top marques, was also noted by patrons.

“It looks like there are a few less cars this year,” one annual attendee said of this year's exhibitors.

“I can't help but think it's easier to stay at home than to brave the snow and come here.”

On Women's Day
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Plastic tipping points

Not Dark Yet

Shelby Lynne and Allison Moorer

Four stars

Simran

Director Hansal Mehta

Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey

Three stars

EPL's youngest
  • Ethan Nwaneri (Arsenal)
    15 years, 181 days old
  • Max Dowman (Arsenal)
    15 years, 235 days old
  • Jeremy Monga (Leicester)
    15 years, 271 days old
  • Harvey Elliott (Fulham)
    16 years, 30 days old
  • Matthew Briggs (Fulham)
    16 years, 68 days old
While you're here
UAE currency
Fight card

Bantamweight

Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)

Lightweight

Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)

Catch 74kg

Tohir Zhuraev (TJK) v Omar Hussein (JOR)

Strawweight (Female)

Weronika Zygmunt (POL) v Seo Ye-dam (KOR)

Featherweight

Kaan Ofli (TUR) v Walid Laidi (ALG)

Lightweight

Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)

Welterweight

Ahmad Labban (LEB) v Sofiane Benchohra (ALG)

Bantamweight

Jaures Dea (CAM) v Nawras Abzakh (JOR)

Lightweight

Mohammed Yahya (UAE) v Glen Ranillo (PHI)

Lightweight

Alan Omer (GER) v Aidan Aguilera (AUS)

Welterweight

Mounir Lazzez (TUN) Sasha Palatnikov (HKG)

Featherweight title bout

Romando Dy (PHI) v Lee Do-gyeom (KOR)

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

FIGHT%20CARD
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Killing of Qassem Suleimani
While you're here
FIXTURES

UAE’s remaining fixtures in World Cup qualification R2
Oct 8: Malaysia (h)
Oct 13: Indonesia (a)
Nov 12: Thailand (h)
Nov 17: Vietnam (h)
 

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now

New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds
Destroyer

Director: Karyn Kusama

Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan

Rating: 3/5 

UAE release: January 31 

MORE ON LOCUSTS
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Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Results:

5pm: Maiden (PA) Dh80,000 1,400m | Winner: Eghel De Pine, Pat Cosgrave (jockey), Eric Lemartinel (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m | Winner: AF Sheaar, Szczepan Mazur, Saeed Al Shamsi

6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA) Group 3 Dh500,000 1,600m | Winner: RB Torch, Fabrice Veron, Eric Lemartinel

6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (TB) Listed Dh380,000 1,600m | Winner: Forjatt, Chris Hayes, Nicholas Bachalard

7pm: Wathba Stallions Cup for Private Owners Handicap (PA) Dh 70,000 1,400m | Winner: Hawafez, Connor Beasley, Ridha ben Attia

7.30pm: Handicap (PA) Dh 80,000 1,600m | Winner: Qader, Richard Mullen, Jean de Roaulle

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

UAE currency: the story behind the money in your pockets
RESULTS

1.45pm: Maiden Dh75,000 1,400m
Winner: Dirilis Ertugrul, Fabrice Veron (jockey), Ismail Mohammed (trainer)
2.15pm: Handicap Dh90,000 1,400m
Winner: Kidd Malibu, Sandro Paiva, Musabah Al Muhairi
2.45pm: Maiden Dh75,000 1,000m
Winner: Raakezz, Tadhg O’Shea, Nicholas Bachalard
3.15pm: Handicap Dh105,000 1,200m
Winner: Au Couer, Sean Kirrane, Satish Seemar
3.45pm: Maiden Dh75,000 1,600m
Winner: Rayig, Pat Dobbs, Doug Watson
4.15pm: Handicap Dh105,000 1,600m
Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer
4.45pm: Handicap Dh80,000 1,800m
Winner: King’s Shadow, Richard Mullen, Satish Seemar

MATCH INFO

Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

Sholto Byrnes on Myanmar politics
While you're here
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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

more from Joseph Borell
Updated: March 02, 2022, 12:02 AM
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