The United Arab Emirates is a member of the Gulf Cooperation Council and the Arab League and provides financial contributions to some Arab and other developing countries. She has also participated in numerous peacekeeping missions and humanitarian missions organized by the United Nations. The United Arab Emirates occupies a global position as a tolerant and prosperous country to develop the country into a global investment market, tourist destination and cultural center.<span>Official Name: United Arab Emirates.
The United Arab Emirates, formerly known as the Trucial States, is a modern country located in the eastern part of the Arabian Peninsula and on the Persian Gulf between Saudi Arabia and Oman. The state was founded in 1971-72 as a federation of seven emirates, following the end of the 19th century Great Britain in the region. On December 2, 1971, six out of seven emirates (Abu Dhabi, Ajman, Fujairah, Sharjah, Dubai and Umm Al Quwain) formed the United Arab Emirates and the seventh emirate, Ras Al Khaimah, joined in 1972
</span><span>Many Emiratis are Sheikh Zayed bin Sultan Al Nahyan, ruler of Abu Dhabi and the first president of the United Arab Emirates until his death in 2004, the founding father of the state. The capital of the United Arab Emirates is Abu Dhabi, the second largest emirate after Dubai. The official religion is Islam, and the official language is Arabic. However, due to the high number of foreign nationals, English is the common language of the country. Oil revenues, geographical location and moderate foreign policy have given the country a vital role in the Gulf and Middle East issues. In a very short period of time, the country has undergone a radical transformation: the development of modern institutions, civic centers, infrastructure, high-rise buildings and communications and transportation systems. The experience and scholarly hand to implement this change has attracted millions of foreign workers from around the world.
</span><span>Against the backdrop of major political transformations in the region and surrounded by larger neighboring countries, seven small Arab emirates on the Persian Gulf in the early 1970s had no choice but to unite. Thus emerged the UAE. Economically, the differences between the UAE are great: the largest and most lucrative oil reserves are Abu Dhabi, and the most diversified economy is in Dubai. This vibrant commercial and tourist center, which has become a global frontier and equivalent to Manhattan, was hit in 2009 by major economic problems and Abu Dhabi was supported by bankruptcy.</span>
Answer:
2.75 percent
Explanation:
A payment bond is usually used by contractors to assure their business partners that the surety bond on the goods and services provided by the subcontractors will be paid. The payment bond is often used with the performance bonds. Therefore, the estimated price change for the payment bond is (-12)*(-0.0025/1.09) = (-12)*(-0.0022936) = 0.0275 = 2.75%
Answer:
$50 or slightly less
Explanation:
If we assume that there is four persons namely E, S, A and K
The producer surplus is the surplus that shows the difference between the seller value and the seller cost
In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less
Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value
Therefore the option B is correct
