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<channel>
	<title>Deera Chat &#187; Middle East</title>
	<atom:link href="http://deera-chat.com/tag/middle-east/feed/" rel="self" type="application/rss+xml" />
	<link>http://deera-chat.com</link>
	<description>The First Kuwaiti Podcast that talks about our daily lives here in Kuwait. It can be funny, lame, serious, or even scary</description>
	<lastBuildDate>Wed, 04 Jan 2012 08:48:08 +0000</lastBuildDate>
	<language>en</language>
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	<copyright>Copyright &#xA9; Deera Chat 2010 </copyright>
	<managingEditor>deera.chat@gmail.com (Ali &#38; Musaed)</managingEditor>
	<webMaster>deera.chat@gmail.com (Ali &#38; Musaed)</webMaster>
	<category>Kuwait</category>
	<ttl>1440</ttl>
	<image>
		<url>http://farm2.static.flickr.com/1437/1399827032_873998f09f_m.jpg</url>
		<title>Deera Chat</title>
		<link>http://deera-chat.com</link>
		<width>144</width>
		<height>144</height>
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	<itunes:subtitle></itunes:subtitle>
	<itunes:summary>The First Kuwaiti Podcast that talks about our daily lives here in Kuwait. It can be funny, lame, serious, or even scary</itunes:summary>
	<itunes:keywords>deera chat, kuwait, q8, الكويت, shabab, arab, الديرة, </itunes:keywords>
	<itunes:category text="Society &#38; Culture" />
	<itunes:category text="Society &#38; Culture">
		<itunes:category text="Personal Journals" />
	</itunes:category>
	<itunes:category text="Society &#38; Culture">
		<itunes:category text="Places &#38; Travel" />
	</itunes:category>
	<itunes:author>Ali &#38; Musaed</itunes:author>
	<itunes:owner>
		<itunes:name>Ali &#38; Musaed</itunes:name>
		<itunes:email>deera.chat@gmail.com</itunes:email>
	</itunes:owner>
	<itunes:block>no</itunes:block>
	<itunes:explicit>no</itunes:explicit>
	<itunes:image href="http://farm2.static.flickr.com/1437/1399827032_873998f09f.jpg" />
		<item>
		<title>Electricity Generated VS. Consumed in Kuwait</title>
		<link>http://deera-chat.com/2010/06/electricity-generated-vs-consumed-in-kuwait/</link>
		<comments>http://deera-chat.com/2010/06/electricity-generated-vs-consumed-in-kuwait/#comments</comments>
		<pubDate>Thu, 17 Jun 2010 17:11:23 +0000</pubDate>
		<dc:creator>Ali</dc:creator>
				<category><![CDATA[kuwait]]></category>
		<category><![CDATA[Central Statistics Authority of Kuwait]]></category>
		<category><![CDATA[CIA world factbook]]></category>
		<category><![CDATA[electricity]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[power]]></category>
		<category><![CDATA[power consumption]]></category>
		<category><![CDATA[power crisis]]></category>
		<category><![CDATA[power generation]]></category>

		<guid isPermaLink="false">http://deera-chat.com/?p=1853</guid>
		<description><![CDATA[Since we are facing scheduled and regular power failures from now til September; i decided to look into the matter from a mathematical perspective. First; i did a Google search on the electricity produced and consumed in Kuwait and came up with the information below from the CIA world factbook. Kuwait is ranked 50th largest [...]]]></description>
			<content:encoded><![CDATA[<p>Since we are facing scheduled and regular power failures from now til September; i decided to look into the matter from a mathematical perspective. First; i did a Google search on the electricity produced and consumed in Kuwait and came up with the information below from the CIA world factbook. Kuwait is ranked 50th largest power consumer in the world where it uses 40,210,000,000  (kWh) a year as recorded in 2007 <a href="https://www.cia.gov/library/publications/the-world-factbook/rankorder/2042rank.html" target="_blank">(source)</a>. Moreover, if you compare the figures from 2003 till 2010 you&#8217;ll see that we should be in a good position as stated in the CIA world factbook (<a href="http://www.indexmundi.com/kuwait/electricity_consumption.html" target="_blank">Sources: Consumption</a>, <a href="http://www.indexmundi.com/kuwait/electricity_production.html" target="_blank">Source: Production</a>). if you plot the figures together you&#8217;ll get the following;</p>
<p><a href="http://deera-chat.com/wp-content/uploads/2010/06/graph1.png"><img class="alignnone size-medium wp-image-1854" title="graph1" src="http://deera-chat.com/wp-content/uploads/2010/06/graph1-300x217.png" alt="" width="300" height="217" /></a></p>
<p>We can obviously conclude that the information mentioned in the CIA world factbook is not necessarily reflecting reality. I then decided to take things more serious and do more than a Google search. I went to the <a href="http://www.cso.gov.kw/" target="_blank">Central Statistics Authority of Kuwait</a> and asked for some numbers and figures. and they were kind enough to provide me with the annual statistical abstract of Kuwait for 2008 and i came up with this graph;</p>
<p><a href="http://deera-chat.com/wp-content/uploads/2010/06/table.bmp"><img class="alignnone size-full wp-image-1864" title="electricity consumption according to kuwait central statistics authority" src="http://deera-chat.com/wp-content/uploads/2010/06/table.bmp" alt="" width="500" height="348" /></a></p>
<p><a href="http://deera-chat.com/wp-content/uploads/2010/06/graph2.png"><img class="alignnone size-medium wp-image-1856" title="graph2" src="http://deera-chat.com/wp-content/uploads/2010/06/graph2-300x217.png" alt="" width="442" height="319" /></a></p>
<p>despite the fact that the figures are not identical between the two sources (CIA world factobook and the Central Statistics Authority) but both graphs show higher production volume that is consumed; which is a good thing. Now as you can see we are not supposed to have a problem but we do, you might ask WHY???</p>
<p>From now on it will by analysis and conclusions; please feel free to comment below for corrections and comments. Lets take the whole process step by step. The only reason why power generation and consumption increases is because of the increase in population. Our population (Citizens and Expats) has increased by 60% between 2005 and 2009 which is abnormal.</p>
<p><a href="http://deera-chat.com/wp-content/uploads/2010/06/population.png"><img class="alignnone size-medium wp-image-1860" title="population" src="http://deera-chat.com/wp-content/uploads/2010/06/population-300x217.png" alt="" width="300" height="217" /></a></p>
<p><a href="http://deera-chat.com/wp-content/uploads/2010/06/population.bmp"><img class="alignnone size-full wp-image-1865" title="population" src="http://deera-chat.com/wp-content/uploads/2010/06/population.bmp" alt="" width="259" height="180" /></a></p>
<p>The increase in population is of course correlates with the demand for  power and you can calculate then the amount of average electricity is consumed by a person for that country using the following equation;</p>
<p>Power = Consumption·1,000,000/(365.25·24)/population, where power is in <a title="Watt" href="http://en.wikipedia.org/wiki/Watt">watts</a> and  consumption is in <a title="Watt-hour" href="http://en.wikipedia.org/wiki/Watt-hour#Explanation">MW·h</a>/yr. <a href="http://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption" target="_blank">(source)</a></p>
<p>but now we have a problem since we countries including Kuwait only do a national census every 5 years we would then know how much average power is consumed by individuals in Kuwait for 2005 which is 197o watts per person. This figure is different from the one mentioned in the Wikiperdia article <a href="http://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption" target="_blank">(LINK)</a> since they are using the population from the CIA factbook which is 2,687,000 but according to Kuwait Central Statistics Authority it is 2,193,651 also according to the CIA factbook Kuwait consumed a total of 36,280,000 (MW·h/yr) while it is 37,908,000 (MW·h/yr) according Kuwait Central Statistics Authority. Meaning we consumed more power for less population according to Kuwait Central Statistics Authority which is 1,970 watts per person and not 1,540. if we take the 1,971 watts per person figure; this means Kuwait is the highest power hungry nation in the world surpassing the United States by ALOT!!!</p>
<p>From now on please keep in mind that it is all assumptions since there are no figures for the number of population between the 5 year census years which leads me to using the 1,971 watts per person consumption rate. I will only use this figure from 2005 to 2009 to keep it real because i think the more we go back in the years; the less power we consume (personal assumption; there were no iPhones back then so we didn&#8217;t use much power). Another assumption is a 15% population increase per year which makes senses if you look at the official Kuwait Stats. <a href="http://deera-chat.com/wp-content/uploads/2010/06/New-Picture.png"></a></p>
<p><a href="http://deera-chat.com/wp-content/uploads/2010/06/New-Picture.png"><img class="alignnone size-large wp-image-1866" title="actual electricity demand in Kuwait" src="http://deera-chat.com/wp-content/uploads/2010/06/New-Picture-1024x743.png" alt="" width="442" height="320" /></a></p>
<p>so if you take a look at the graph above; it shows how much power is in demand by taking the amount of power needed per person in Kuwait with the number of population which surpasses the amount generated in 2008. As you all may know that we have been taking about the electricity issue for more than 2 years and it is still not resolved. Anyhow; i guess that is pretty much it and please let me know if you have any comments. AND REMEMBER it is all a personal conclusion of the studied figures and numbers available to the general public.</p>
<p>P.S. i didn&#8217;t proof read the post so please don&#8217;t give me a hard time about it <img src='http://deera-chat.com/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' /> </p>
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		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Flydubai is now flying to Kuwait starting March</title>
		<link>http://deera-chat.com/2010/03/flydubai-is-now-flying-to-kuwait-starting-march/</link>
		<comments>http://deera-chat.com/2010/03/flydubai-is-now-flying-to-kuwait-starting-march/#comments</comments>
		<pubDate>Tue, 02 Mar 2010 16:39:56 +0000</pubDate>
		<dc:creator>Ali</dc:creator>
				<category><![CDATA[tourism]]></category>
		<category><![CDATA[Airline]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Flydubai]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Jazeera Airways]]></category>
		<category><![CDATA[kuwait]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[United Arab Emirates]]></category>

		<guid isPermaLink="false">http://deera-chat.com/?p=1713</guid>
		<description><![CDATA[in case you were not satisfied with Jazeera Airways or you didn&#8217;t find the proper booking arrangement, Flydubai will commission a double daily flights from and to Kuwait competing with Jazeera&#8217;s fairs. The twice daily flights to Dubai will cost from just KWD 13 one-way, which includes all taxes and one piece of hand baggage [...]]]></description>
			<content:encoded><![CDATA[<p>in case you were not satisfied with <a class="zem_slink" title="Jazeera Airways" rel="homepage" href="http://www.jazeeraairways.com">Jazeera Airways</a> or you didn&#8217;t find the proper booking arrangement, <a class="zem_slink" title="Flydubai" rel="homepage" href="http://www.flydubai.com">Flydubai</a> will commission a double daily flights from and to <a class="zem_slink" title="Kuwait" rel="geolocation" href="http://maps.google.com/maps?ll=29.3666666667,47.9666666667&amp;spn=10.0,10.0&amp;q=29.3666666667,47.9666666667%20%28Kuwait%29&amp;t=h">Kuwait</a> competing with Jazeera&#8217;s fairs.</p>
<blockquote><p>The twice daily flights to <a class="zem_slink" title="Dubai" rel="geolocation" href="http://maps.google.com/maps?ll=25.25,55.3&amp;spn=0.1,0.1&amp;q=25.25,55.3%20%28Dubai%29&amp;t=h">Dubai</a> will cost from just KWD 13 one-way,  which includes all taxes and one piece of hand baggage weighing up to  10kg. Flights are available for purchase from the website  (Flydubai.com), call centre (+965 22414400) and travel agents from  today.</p>
<p>Flights FZ054 and FZ062 will leave Kuwait at 0840hrs and  2050hrs respectively, arriving in Dubai at 1120hrs and 2330hrs local  time respectively. Flights from Dubai, FZ053 and FZ061 will leave at  0705hrs and 1915hrs arriving in Kuwait at 0755hrs and 2005hrs local  time.</p></blockquote>
<p>source: <a href="http://www.ameinfo.com/225487.html" target="_blank">AMEINFO</a></p>
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		</item>
		<item>
		<title>Travel Tips for the 25&amp;26 of Feb Holidays</title>
		<link>http://deera-chat.com/2010/02/travel-tips-for-the-2526-of-feb-holidays/</link>
		<comments>http://deera-chat.com/2010/02/travel-tips-for-the-2526-of-feb-holidays/#comments</comments>
		<pubDate>Sat, 20 Feb 2010 04:42:53 +0000</pubDate>
		<dc:creator>Ali</dc:creator>
				<category><![CDATA[tourism]]></category>
		<category><![CDATA[Atlantis The Palm]]></category>
		<category><![CDATA[Crowne Plaza]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[hotel]]></category>
		<category><![CDATA[InterContinental]]></category>
		<category><![CDATA[kuwait]]></category>
		<category><![CDATA[Kuwait City]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Radisson Hotel]]></category>
		<category><![CDATA[United Arab Emirates]]></category>

		<guid isPermaLink="false">http://deera-chat.com/?p=1681</guid>
		<description><![CDATA[we have collected some hotel and travel accommodation choices that you might be interested in knowing before making your mind on how or where to spend the upcoming holidays. Figures and prices are taken from the official sites of the below service providers. Hotel prices are based on a one night stay for the 25th [...]]]></description>
			<content:encoded><![CDATA[<p>we have collected some hotel and travel accommodation choices that you might be interested in knowing before making your mind on how or where to spend the upcoming holidays. Figures and prices are taken from the official sites of the below service providers. <strong><span style="text-decoration: underline;">Hotel prices are based on a one night stay for the 25th of Feb for the standard room types with breakfast including all taxes and service charges. Flights prices are for two way tickets flying on cheapest fair available when this post is published on the 25th and returning on the 28th &#8211; prices include tax and other fees. </span></strong></p>
<h2>Kuwait</h2>
<p>in case you decided to stay in a hotel in Kuwait and enjoy your time here among family and friends; your options would be;</p>
<ol>
<li><strong>Flight Cost</strong> = 0 KD</li>
<li><strong>Hotel Options</strong>
<ul>
<li>Al-Jahra Copthorne Hotel &amp; Resort = 57.500 KD</li>
<li>Courtyard <a class="zem_slink" title="Kuwait City" rel="geolocation" href="http://maps.google.com/maps?ll=29.3697222222,47.9783333333&amp;spn=0.1,0.1&amp;q=29.3697222222,47.9783333333%20%28Kuwait%20City%29&amp;t=h">Kuwait City</a> = 77.05 KD</li>
<li>Crowne Plaza Kuwait = 87.980 KD</li>
<li>Hilton Kuwait Resort = 102.350 KD</li>
<li>Marina Hotel = 114.63 KD</li>
<li>Movenpick Hotel &amp; Resort Al Bida&#8217;a Kuwait = 97.75 KD</li>
<li>Radisson Blu Hotel, Kuwait = 97.750</li>
</ul>
</li>
</ol>
<h2><a class="zem_slink" title="Dubai" rel="geolocation" href="http://maps.google.com/maps?ll=25.25,55.3&amp;spn=0.1,0.1&amp;q=25.25,55.3%20%28Dubai%29&amp;t=h">Dubai</a></h2>
<ol>
<li><strong>Flight Cost</strong> = 145.950 KD</li>
<li><strong>Hotel Options </strong>
<ul>
<li><a class="zem_slink" title="Atlantis, The Palm" rel="geolocation" href="http://maps.google.com/maps?ll=25.1309111111,55.1172083333&amp;spn=0.01,0.01&amp;q=25.1309111111,55.1172083333%20%28Atlantis%2C%20The%20Palm%29&amp;t=h">Atlantis, The Palm</a> = 184.50 KD/night</li>
<li>Fairmont Dubai = 122.950 KD/night</li>
<li><a class="zem_slink" title="Grosvenor House (Dubai)" rel="geolocation" href="http://maps.google.com/maps?ll=25.0858333333,55.1441666667&amp;spn=1.0,1.0&amp;q=25.0858333333,55.1441666667%20%28Grosvenor%20House%20%28Dubai%29%29&amp;t=h">Grosvenor House</a>, Dubai = 92.270 KD/night (great deal)</li>
<li><a class="zem_slink" title="InterContinental" rel="wikipedia" href="http://en.wikipedia.org/wiki/InterContinental">InterContinental</a> <a class="zem_slink" title="Dubai Festival City" rel="geolocation" href="http://maps.google.com/maps?ll=25.2213888889,55.3502777778&amp;spn=0.01,0.01&amp;q=25.2213888889,55.3502777778%20%28Dubai%20Festival%20City%29&amp;t=h">Dubai Festival City</a> = 97 KD/night</li>
<li>Crowne Plaza <a class="zem_slink" title="E 11 (UAE)" rel="geolocation" href="http://maps.google.com/maps?ll=25.2186111111,55.28&amp;spn=1.0,1.0&amp;q=25.2186111111,55.28%20%28E%2011%20%28UAE%29%29&amp;t=h">Sheikh Zayed Road</a> = 80.350 KD/night</li>
</ul>
</li>
</ol>
<h2>London</h2>
<ol>
<li><strong>Promotion</strong> = Airfair + Hotel (3 nights) = 300 KD</li>
</ol>
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</ul>
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		</item>
		<item>
		<title>First Arabian Horse Kuwait National Championship</title>
		<link>http://deera-chat.com/2010/02/first-arabian-horse-kuwait-national-championship/</link>
		<comments>http://deera-chat.com/2010/02/first-arabian-horse-kuwait-national-championship/#comments</comments>
		<pubDate>Sun, 07 Feb 2010 06:43:24 +0000</pubDate>
		<dc:creator>Ali</dc:creator>
				<category><![CDATA[events]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[Arabian horse]]></category>
		<category><![CDATA[Horse]]></category>
		<category><![CDATA[kuwait]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[qatar]]></category>
		<category><![CDATA[Sports]]></category>
		<category><![CDATA[United States]]></category>

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		<description><![CDATA[Bait Al Arab Kuwait State Stud has been authorized by the Hunting &#38; Equestrian Club to organize the 1st Kuwait Arabian Horse National Championship Show on the 17th and 18th of February 2010 at the Hunting &#38; Equestrian Club&#8217;s venue. Arabian horse lovers of the neighboring countries, Middle Eastern countries, Europe and United States were [...]]]></description>
			<content:encoded><![CDATA[<p>Bait Al Arab <a class="zem_slink" title="Kuwait" rel="geolocation" href="http://maps.google.com/maps?ll=29.3666666667,47.9666666667&amp;spn=10.0,10.0&amp;q=29.3666666667,47.9666666667%20%28Kuwait%29&amp;t=h">Kuwait</a> State Stud has been authorized by the Hunting &amp; Equestrian Club to organize the 1st Kuwait Arabian Horse National Championship Show on the 17th and 18th of February 2010 at the Hunting &amp; Equestrian Club&#8217;s venue. <a class="zem_slink" title="Arabian horse" rel="wikipedia" href="http://en.wikipedia.org/wiki/Arabian_horse">Arabian horse</a> lovers of the neighboring <a class="zem_slink" title="Country" rel="wikipedia" href="http://en.wikipedia.org/wiki/Country">countries</a>, Middle Eastern countries, <a class="zem_slink" title="Europe" rel="wikipedia" href="http://en.wikipedia.org/wiki/Europe">Europe</a> and <a class="zem_slink" title="United States" rel="geolocation" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h">United States</a> were expressing their interest in coming to Kuwait and seeing the First National Championship show wit the affiliation of European Conference of Arab Horse Organization (ECAHO). There will be an international show in <a class="zem_slink" title="Abu Dhabi" rel="geolocation" href="http://maps.google.com/maps?ll=24.4666666667,54.3666666667&amp;spn=1.0,1.0&amp;q=24.4666666667,54.3666666667%20%28Abu%20Dhabi%29&amp;t=h">Abu Dhabi</a> just few days before this event and another international show in <a class="zem_slink" title="Qatar" rel="geolocation" href="http://maps.google.com/maps?ll=25.3,51.5166666667&amp;spn=10.0,10.0&amp;q=25.3,51.5166666667%20%28Qatar%29&amp;t=h">Qatar</a> just few days after the 1st National Championship show in Kuwait. This is a wonderful opportunity for Arab Horse lovers from abroad to arrange a trip to <a class="zem_slink" title="Middle East" rel="wikipedia" href="http://en.wikipedia.org/wiki/Middle_East">Middle East</a> to visit three shows in 2 weeks and to enjoy the great hospitality for which people in the gulf are well known. It is also a great opportunity to see <a class="zem_slink" title="Horse" rel="wikipedia" href="http://en.wikipedia.org/wiki/Horse">horses</a> representing Kuwait Arabian Horse breeding. The closing date of entry was on the 15th of January,2010.</p>
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		<title>Dubai gets $10B from Abu Dhabi to cover debt</title>
		<link>http://deera-chat.com/2009/12/dubai-gets-10b-from-abu-dhabi-to-cover-debt/</link>
		<comments>http://deera-chat.com/2009/12/dubai-gets-10b-from-abu-dhabi-to-cover-debt/#comments</comments>
		<pubDate>Mon, 14 Dec 2009 18:17:48 +0000</pubDate>
		<dc:creator>Ali</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai World]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Nakheel Properties]]></category>
		<category><![CDATA[Stock market]]></category>
		<category><![CDATA[United Arab Emirates]]></category>

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		<description><![CDATA[I guess there not going under after all DUBAI, United Arab Emirates — Dubai got a $10 billion lifeline from oil-rich Abu Dhabi to save one of its prized companies from imminent default Monday, calming fears for now about the city-state&#8217;s shaky finances. Dubai&#8217;s main stock market spiked more than 10 percent on the news. [...]]]></description>
			<content:encoded><![CDATA[<p>I guess there not going under after all</p>
<blockquote><p>DUBAI, <a class="zem_slink" title="United Arab Emirates" rel="geolocation" href="http://maps.google.com/maps?ll=22.7833333333,54.6166666667&amp;spn=10.0,10.0&amp;q=22.7833333333,54.6166666667%20%28United%20Arab%20Emirates%29&amp;t=h">United Arab Emirates</a> — <a class="zem_slink" title="Dubai" rel="geolocation" href="http://maps.google.com/maps?ll=25.25,55.3&amp;spn=0.1,0.1&amp;q=25.25,55.3%20%28Dubai%29&amp;t=h">Dubai</a> got a $10 billion lifeline from oil-rich <a class="zem_slink" title="Abu Dhabi" rel="geolocation" href="http://maps.google.com/maps?ll=24.4666666667,54.3666666667&amp;spn=1.0,1.0&amp;q=24.4666666667,54.3666666667%20%28Abu%20Dhabi%29&amp;t=h">Abu Dhabi</a> to save one of its prized companies from imminent default Monday, calming fears for now about the city-state&#8217;s shaky finances. Dubai&#8217;s main stock market spiked more than 10 percent on the news.</p>
<p>Dubai World — a sprawling conglomerate with assets ranging from the oceanliner Queen Elizabeth 2 to luxury retailer Barney&#8217;s New York — had been up against a Monday deadline to repay a pile of loans from its <a class="zem_slink" title="Nakheel Properties" rel="homepage" href="http://www.nakheel.com/">Nakheel</a> property division. Some $4.1 billion of the emergency funds will be used to pay off those bills. The rest will go to shore up Dubai World itself.</p>
<p>Dubai officials&#8217; reluctance to fully stand behind Dubai World&#8217;s $60 billion in debts had raised serious concerns about the emirate&#8217;s creditworthiness, and the move by Abu Dhabi appeared aimed at quashing those worries before they undercut confidence in the United Arab Emirates as a whole. The two emirates share control of the UAE, a federation of seven semiautonomous city-states.</p>
<p>Authorities also softened their stance Monday, vowing that the city-state was committed to &#8220;transparency, good governance and market principles.&#8221; Officials outlined a legal framework that promised to increase openness and protect creditors in future dealings with the conglomerate, offering lenders further reassurance in a country where formal bankruptcy proceedings are largely untested.</p></blockquote>
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