A modest home for the capital's mightiest merchant


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The story behind the Abu Dhabi Custom House is much older than this photograph, which dates from the early 1960s. Long demolished, the building is thought to have been built sometime in the 19th century. It was owned by the al Otaiba family, at the time the wealthiest in Abu Dhabi. Established merchants, they used the building as private offices for their business, trading mostly with India and Iran. The building was turned over to the customs authority sometime between 1956 and 1958.

The car in front is a Land Rover Series 2, the original workhorse of the region, used in particular by the Trucial Scouts. Several dozen working models still survive. The building on the left, still being built, would become the Ottoman Bank, which opened in the city in 1962. It later became Grindlays Bank and was, in turn, taken over by Standard Chartered in 2000. Time frame is a series that opens a window into the nation's past. Each week it will feature an image from the archives of both prominent institutions and private collections.

Readers are also invited to make their contribution and can submit ideas and photographs to yourpics@thenational.ae This article has been corrected on July 17 to reflect the correct series of the pictured Land Rover

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE