tv NEWSHOUR Al Jazeera November 3, 2019 6:00pm-7:01pm +03
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drivers are working for free to help protesters who want to live under a rock on one of the talk took drivers was shot in the head and die it made me more committed to my job i want to be a martyr i am not afraid of dying and on friday a medical student was killed while attempting to treat injured protesters the people working in these medical tents spread across the square and the surrounding area are also volunteering mohammed says each day he hopes will be the last day i come here i am motivated by my pitch a tism from my country when i see someone in severe pain it's impossible for me not to help them i studied and graduated to to save lives meanwhile a kind of civic spirit is spreading garbage bags have been put out encouraging people not to litter protesters are sweeping the streets and artists are transforming the walls of this tunnel into a colorful canvas to express their heartache and their hope for their country
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natasha going to. baghdad. still ahead on al-jazeera go up into the remote mountains of central asia to see how wildlife is making a comeback such as these snow leopards. hello it's still remarkably wet in the south china sea even a potential development of a tropical disturbance here on the coast of vietnam now this on the you would expect the main rain belt to me moving south and we certainly have seen some showers in java and there in the forecast but that's not where most of the race is still further north borneo thailand yet now indeed the philippines are all looking relatively wet and should have caused by the time to dry up showing no immediate signs of that this is choose dates even more concentrated around the coast of
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vietnam and through central and southern thailand and miramar is just a mass of green which is our way of forecasting that rain south of all this active weather at australia still and this is this cultural pair there always produced sandstorms of course on the way through and then and now some very useful rain because effectively far too dry in new south wales well that hook of green and grey suggest under storms so dust kicked up but also rain in new south wales and in the in queens and over the next day or so behind it temperatures drop quite significantly and they stay that low but we're just slowly rising to a 21 in adelaide. rewind returns with series and brand new updates on the best about to see documentary. remind continues with
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rendition it's inside libya's prison when the rebels came to tripoli they are. associated with gadhafi regime it was an office of spying cheat and i found a stash of documents which reveal the collaboration between british and libyan intelligence services on al jazeera. hello again the top stories on al-jazeera shares in the world's most profitable company saudi aramco will start going on sale on the kingdom stock exchange next month riyadh hopes the long delayed initial public offering will raise hundreds of billions of dollars. 13 people have been killed and 30 others injured in
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a car bombing in the north syrian town of tal areas controlled by turkish backed opposition fighters. supporters of lebanon's president are rallying outside the palace and bob north of beirut days after michelle and addressed the nation he said politicians should be picked on merit and not by who they're linked to a protest which began last month forced the prime minister assad heidi to hand in his resignation but the demonstrators say they want the entire political system over hold let's bring in stephanie decker she's joining us on the phone now from bob just outside the official residence of the president stephanie just tell us what you're seeing and what the message is that these protesters are trying to get across. every. day.
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but there. was a small. circle called me. a long fight back and. i can disagree with. everyone. these are the 2 army he's untouchable. from. the get go and they need. for exactly. the same need to be made with people. and that was very. different because he on the. floor investigation for me something.
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that president needs. right stephanie we'll leave it there for now thank you for that update. well despite what the u.s. . described as a humanitarian disaster yemen is still being used to traffic african migrants into gulf countries the international organization for migration says 90000 people most of the ethiopians have arrived in yemen since april. went to ethiopia's capital to see what's driving people to risk their lives. it was the birth of his son that pushed haile faceted home before setting off he kept telling his wife what he would do once he made it across the red sea how his journey would change their lives if only he could reach saudi arabia. 2 years have passed since his final phone call from yemen when i watch. how can a man that calls his family every day disappear like this if he is alive he would have called us some even say he might be dead but i refuse to believe it i want to
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see him alive to kid of him if he's sick or if i have to bury his body and finally tell my son the truth about what happened to his father. is faisel alive. and if so where is he. so many questions left unanswered. this is where the last heard from him and yemen's capital sana caught in the fighting between hutu rebels in saudi iraqi coalition forces are ethiopian migrants trying to make it to the rich gulf countries they have become the unexpected casualties of the war in yemen no one knows how many migrants have died but the un's migration organization says at least $2500.00 have gone missing this year alone it goes to show you 2 things one the levels of desperation that forced people to migrate but secondly how persuasive the people
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smugglers and human traffickers are and convincing them that this might be a good time to make the. make the johnny to saudi arabia through yemen because nobody is going to stop you ethiopians have made it back home bear witness to the war in yemen and the humanitarian crisis there i do was injured after people traffickers forced him to fight on the front line to pay his debt to get to saudi arabia and the. government there asked me to be this soldier offering this much money i told them i lived my home for work not to kill people and so they punish me looked me on the ground in chinese and then forced me to fight whether in yemen or in libya conflict is fueling the trade in people trafficking. armed groups make empty promises to migrants sometimes to children such as 13 year old ahmed whiskey from his traffickers after overhearing their plans to sell him. you know what i
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know the men who want to sell me the broker who want to to make a $1000.00 on me is from my village in the field. the u.n. estimates that booming trade in people smuggling is worth $150000000000.00 a year. for many of the journey starts here in the capital because this probably the economic boom in the political freedom this government is offering many young people will travel days even money in search for a new and better life. but at what cost feisal wife's ask herself her family is riddled with guilt that he set off on his journey for them beisel son has a message for his father. or for any other planning on following in his footsteps come back home it's not worth it we want you back he says. hawk al-jazeera. southeast asian
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leaders are working to salvage progress towards what could become the world's biggest trading block there in thailand for the summit and agreements on a trade deal between 16 countries is being held up by several challenges including new demands from india it's concerned cheaper chinese imports may undermine its economy scott heiler has more from bank. advancement are what could be the world's largest free trade agreement have not been made here at the summit in bangkok there was hope that there would be a movement forward on the 16 nations that are going to form this block but india has been said has some reservations thus it hasn't moved forward now the us the on host thailand really wanted there to be some type of agreement or pollution area agreement signed during these meetings during this summit over the next couple of days here but that will not happen what's interesting this is in light of the ongoing trade war between the united states and china and its impact on this region now the 10 members of the on are impacted by this trade war in different ways so
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that has had some impact on the negotiations for this new very large trade block so that looks like it won't be happening any time very soon what's also very interesting with the on the summit here in bangkok and that is the lack of some faces here now you have these delegations from regional members high level the top level from each nation coming here but the united states only sent a secretary of commerce as the highest number of their delegation that is something that has been seen in years that is being viewed here as a bit of a slight lack of importance that trumpet ministration is putting on this region so that some also see as an advantage as an opportunity for china and brazil illegal longer as have shot and killed an indigenous leader in the amazon rain forest the man was with a group formed to defend the forests when they were ambushed in northern brazil illegal logging miners have stepped up their activities in the region since president took office at the start of this year well so narrow has vowed to open up the amazon to developments. sometimes but we have to lift up our heads an act we
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have forgotten we protecting our land and along the animals the birds even though we tried to he had to do so much destruction of nature happening good trees with wood as hard as steel being cut down and taken away. donald trump says he'd like to invite ukraine's president to visit the white house that's despite the impeachment inquiry he's facing which is centered on a phone call he had with volunteers alecky earlier this year trump is accused of using military aid to ukraine as a bargaining chip to get its government to investigate his political rival i think you'll probably go but i would certainly say i did try to be banned. but i think i do and. i would love to have him come to the white house didn't like to come and i think you'd like to go i think it be it very quickly. danny was elected on the basis of corruption corruption is incredible in ukraine which bothers me
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a lot but it also bothers me very very much that germany france and all of these other countries aren't putting up bunny but we're always the sucker that does that bother. eisel says it's behind friday's attack in mali that killed at least $53.00 soldiers and one civilian an army base was attacked in the minako region it's the worst strike against small these military in recent history reinforcements have been sent and french soldiers are helping to evacuate the wounded the attack follows a series of raids by armed groups across the region including in the chair and burkina faso susana wing is an associate professor of african studies at college in philadelphia she thinks military operations alone won't solve the problem of armed conflict. it is a vast region it is difficult it's a it's desert region and it's very hard to to control these small groups that are able to move around very quickly on pickup trucks and motorbikes and and the like
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and the g 5 was created and order to basically kandahar. security in the area from the french to then the chief of. countries but i think this attack is just another example of how the military. the attempt to do this through the through the military it's simply not going to be the entire solution they're not achieving their goal of security in the region i think there's a lot of ongoing resentment between this this disconnect between those people who are living in the north and the central regions who are in cleese creasing lee frustrated by what feels to be a lack of ability to actually successfully clamp down on these terrorists italian police say they dismantled an international drug smuggling ring
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involving more than 150 suspects in europe africa and asia 19 suspected ringleader as have been arrested most of them are from tanzania and they're believed to have directed heroin shipments from asia to italy for years. the mountains of central asia are home to some of the largest variety of wild animals including snow leopards conservationists say their numbers are increasing after a ban on hunting for the other how many reports are in northeast kurdistan. every other day they set off a dawn to scour the surrounding mountains volunteer rangers from nearby villages and the hunt for poachers record them grouper used to be a lot of poachers that's why the number of animals was decreasing almost didn't see any in the mountains and in well if we noticed that and it was scary so we started to work so now we're protecting 42000 acres the mountains of kyrgyzstan are home to some of the riches variety of wildlife in the world including wars deer and ibex
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and the much elusive snow leopard which lives on the peaks the cure gets call it the spirit of the mountains and then the most sought after for its fur meat and bones used in traditional medicine. was saved as a cult the mother's paul was caught in a trap she was voted in abu century one of the largest for these wild cats in the world and remains here since more than half of the territory of kyrgyzstan is potential home to snow leopards they live and protect the mountains of central asia the tension here the pioneer. and they're all interconnected and those mountains provide water for nearly half of the world's population. under stand more of these animals conservationists are using modern technology about 40 heaton movement triggered cameras are placed on top of the mountains for 6 months at
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a time they cover an area of 900000 square kilometers the thousands of pictures taken revealed a lot about these animals daily habits this one with the tail up is marking the rock. it is hard to be used by no clubs and find them you'll find maybe their parking marks on the snow but but the result technologies you can't work with what's this naps and videos also help estimate the number of snow leopards living in an area each cat has a unique pattern on its fur similar to fingerprints for humans there are police $350.00 living on the peaks there are probably more which is a significant improvement since in 1990 s. when pushing was rife that's why newry do you know yeah i want to put your himself so this important to keep on patrolling the mountain it's limited a lot of we are going to talk now we see days and other wild animals again our villages joke with us and tell us to stop it because the wild animals are eating
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their crops or the poachers tell us you used to be one of us why did you change sides but it's good now tourists can come here and see the animals. it's a fragile ecosystem this survival of one animal the pen's under survival of others and in this impoverished country while less protection has also become a source of income but at the hemi al-jazeera kyrgystan. air b.n. b. says it will do more to prevent unauthorized parties and rental properties lease through its online platform after 4 people were killed in a shooting at a house in san francisco on halloween some people rented the property for a small group but the party quickly got out of control. hello again the headlines on al-jazeera shares in the world's most profitable company saudi aramco will start going on sale on the kingdom stock exchange next
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month it's hoped the long delayed initial public offering will raise hundreds of billions of dollars and blame for hot from the doha institute for graduate studies says there's a lot at stake for crown prince mohammed bin sandman and his economic reform package he was not very lucky with the previous initiatives that he took in order to. stabilize the impact of the his in yemen all of the managing very benny's crisis or even managing with that you know i'm in conflict with a conflict with iran so. he needs to succeed somewhere this is definitely something that he needs it badly in order to get going back to a trust issue to gain the trust of the people and the investors supporters of lebanon's president mission on are rallying outside the palace in bob done north of beirut protests began last month and they forced the prime minister assad heidi to hand in his resignation to the president many demonstrators now say they want the
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entire political system replaced 13 people have been killed and 30 others injured in a car bombing in the north syrian town it's one of the areas controlled by turkish backed opposition fighters and has seen heavy clashes since turkey began its operation to create a safe zone last month. police in chile have fired tear gas and water cannon on demonstrators 20 have died in weeks of unrest sparked by protests over poverty. aid agencies are warning human human traffickers are using yemen as a route to traffic african migrants and to gulf countries the international organization for migration says 90000 people most of them ethiopians have arrived in the country since april despite the war and the humanitarian crisis southeast asian leaders are working to salvage efforts to create what could become the world's biggest trading ball there in thailand for the summits and agreements on a trade deal between 16 countries is being held up by new demands from india those
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revisiting our extensive documentary archive to bring you some of the best and most influential programs of the past decade as well as news of how the story has moved on since from the early days of al-jazeera english the award winning people in power series is carried out in-depth investigations into some of the most difficult and important international stories like in 2004 when 2 libyan opponents of the gadhafi regime were abducted on route to the united kingdom then repatriated to libya where they were imprisoned and tortured but after the overthrow of the gadhafi regime following the 2011 uprising the 2 men began to investigate the real story behind their abduction and the role played by the u.k. government 2 years later people in power as giuliana rufus gained exclusive access to the 2 men as they returned to libya in search of answers from 2013 this is libya renditions. this is
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a funeral in tripoli smartish where. this part of the resistance. against colonel gadhafi regime for decades their bodies remained hidden until they were discovered in a hospital morgue after the revolution of 2011 they have just been identified through their d.n.a. . this is. one of the founders of the libyan islamic fighting group. an organization dedicated to overthrowing gadhafi you know one of his former comrades is being buried today he was killed in one of gadhafi. himself spend 6 he is locked up in tripoli's notorious abu salim crazy about some stupid decision.
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one of his fellow inmates was after. who was ahead of me and. this is. beautiful house for us. this story of how these 2 men came to be imprisoned here goes beyond libya and throws light on the secret relations between colonel gaddafi and the west. that it was due to british intelligence that they were forced onto covert cia flights and delivered into the hands of. a process known as extraordinary rendition . and unique they have proof of this. when the rebels came to tripoli they ransacked all sorts of buildings such as this one associated with the old regime it was in the office of spy chief. that found
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a stash of documents which revealed in startling detail the collaboration between british and libyan intelligence. today the secret documents the basis of a lawsuit against the british government based on copies of top secret faxes memos and flight plans. claim that britain conspired with the us. render them to libya and that it was that they would be tortured. those being named in the civil suit project school the foreign secretary under tony blair mark allen head of m i 6 his counterterrorism unit as well as branches of the government and security services these what individuals who were treated unjustly in some cases for several years and they want to they want to know. how. did this. we have a range for our stay in tripoli to coincide with that of the lawyers who are prosecuting
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the cases. legal director of the human rights n.g.o.s reprieve and they are getting ready to meet for the last time before preliminary hearings start in the u.k. . says he's bringing his case not to get financial compensation but to expose british hypocrisy of everything. to cuba. and instead of the way. back in the ninety's both britain and the. as the enemy accusations of the bombing of a plane over lockerbie and other acts of terror had made the dictator an international pariah and his opponents were welcomed in the u.k. but with the rise of al qaeda the situation changed and the regrouped in
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afghanistan although the removal of gadhafi remains their only goal by their close proximity to a sama bin laden who was about to unleash the 911 attacks. if you were a north african but say like gadhafi you were just rubbing your hands with joy because you knew that all you needed to do to get significant western money technical support assistance in pressing dissidents in your country was just tar them with a brush of affiliation with al qaida. gadhafi seized the chance to rehabilitate himself by offering to destroy his stocks of chemical weapons in return the west saw a chance to get involved with libya's immense oil reserves it could be a win win situation for both the losers with the. terrorists. when we meet again. he completely distances himself from al-qaeda.
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remember them much more to the maximum right in the opening. i would like to do michael. so i can still hear from the new mr burton and most of. those really. going to have a rather work stiff to work on having to go on forever we're going to lose by 2004 he was in hiding in china where he felt he was coming under surveillance a go between gave him a new study could seek asylum in the u.k. . but on their journey to britain and its wife were detained in malaysia for having false passports. according to their lawyers it's here that the secret documents found in tripoli begin to the british government's involvement in their unlawful rendition. which they key tripoli documents that of 11 to your case well they start with. what appears to have been
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a fax sent from the k intelligence services which tips off the libyans that along with his wife belle had she was also by the state and. was being held in a malaysian detention center eventually and for team ever told they could travel to london but by now the cia tonight had got involved it's a fax from the cia to libyan intelligence which reveals the role the agency is about to play the facts announces his pregnant wife the team are about to be put on a flight from malaysia to london which crucially has a stopover in thailand we're planning to arrange to take control of the pair in bangkok the americans right and place them on our aircraft for a flight to your country. at the cia black sites. subjected
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to interrogation beatings and sleep deprivation he takes us to his home to meet his wife and the son with whom she was pregnant during her abduction. business 1st filmed interview. i. am very much to. come to. the. after 2 days the couple were put on a cia plane this time headed for libya. 3 weeks. in libya the british and americans collaborated again in. also known as here he was abducted in
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hong kong with his wife and their 4 children aged between 6 and 12 sami who suffers from diabetes collapsed during the flight thought he was about to die. in fear and then when they arrived. sami and karim where black hoods and again. they were being taken to their executions. the key thing is that it was the fax from britain's m i 6 that started the ball rolling indeed the u.k. agency was keen to point this out to the head of libyan intelligence. this is the facts in which mark allen head of britain's m i 6. under safe arrival in tripoli and says this is the least we could do for you in the very same. also writes about the preparations. visit to libya and suggests to me 2 minutes 10.
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i don't know why the english fascinated by tense he writes the plain fact is that the journalist would love it and that's exactly how it happened. the man. had managed to get accepted into the international community. giving it. he was part of the team which in $2715.00. i think it's pretty clear that it was the under the table part of the deal that was made in 2003 in 2004 to sort of bring gadhafi back in from the called if you well
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from official. saudi claim that the british and americans knowingly delivered them into torture or worse they show us the courtyard and i was still in prison where the biggest massacre of gadhafi is rule took place a protest by inmates in 1906 led to a staggering response when security forces corralled them into this space. before. there. was a. jewelry from the stoop. over $1200.00 prisoners were killed within 2 days 2 of them were. brothers.
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and as seen in this disturbing footage found after gadhafi fall. in mates they say libyan interrogators repeatedly subjected them to similar treatment for information that would link them to al qaeda they tell us that even foreign agents questioned them including british ones who wanted information on dissident libyans in the u.k. on one occasion was left alone with them. i should know. if you had. not thought of you know. what you know and you know what you believe. i mean. we are going to. get anywhere but nothing changed and gadhafi says men
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continue to enter into contacts i mean you have to be to see the regime it's not unusual not to work through. the fear of going to the leadership was the. will. put down the blue and said. well there's this in the run up. to here of the un and here we go with this it will be. a list the mobile phone. of the. us and the kurds going to. do this to me going to. see you. we've managed to track down one of the libyans living in britain you bet hotch was so frequently interrogated about in fact he is now back in libya and he works here in the general election. ziad hashem manages the office of the president and he was in china with ben but just before renda hashim and his family won asylum
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in the u.k. he may have avoided ending up in one of khadafi is present but within a year he was inside a british war. rather than. be a little late on monday the nation. don't. have any practical didn't visually. and probably doesn't it. oh i understand the protests were going iced in britain to stop the detention and deportation of dissidents like hashem to libya where he had a death sentence on his head. you know believe that. along with being a station. how do you need to me that i am. willing to live have. a rock. i can't go out with human kind of move to higher
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you can propel you and here. can i walk on your team in libya hashem says his family were also victims he was released from prison without charge after 18 months but for the next 3 years he was electronically tagged and confined to his home. he says life under one of the u.k. government's infamous control orders affected the whole family but this. morning. did you walk out on a dock or you know certainly one of the. out of. the new euro. zone. if what they. say is true the british government didn't just help deliver people into torture but it also acted on this information by using it against libyans living in britain. according to cori crider such
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a process is bound to deliver flawed intelligence. this is the problem about joining hands with torturers because you think it is necessary is that maybe every now and then you get a nugget but by and large what you get is false it's just what somebody had to say to stop somebody beating him up. for crimes against the state. in 2010 when they were released and. it was just in time for the revolution. sensing the fall of the dictator britain turned yet again mr speaker it is clear this is an illegitimate regime that has lost the consent of its people and our
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message to colonel gadhafi is simple go now. the release of all the political prisoners in abu salim was one of the symbolic moments of the revolution with old and i have team members now entering powerful positions in the government the west suddenly started trying to patch things up with those they demanded the imprisoned . what do you do when on your side the. other libyans who say they were persecuted in britain i'm now preparing a joint legal action against the u.k. . in the meantime the government has settled out of court. for 2200000 pounds. the british government decided to pay out $2200000.00 pounds does that not make them look guilty in the eyes of the world. i think it probably does
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but it it's really a question that you need to put to the. and but i would imagine that paying over some of that level is not done unless they felt that that they were liable and how much in his wife and he might have refused any settlement they are asking for symbolic damages of only one pound each from tax straw mike allen and the british government but what they insist on is an official apology. today is the start of the preliminary hearings for ben hodges case and supplement correa heading for a long hike court they tell us the government has started delaying tactics in order to keep the suit from coming to trial. the government is arguing that the courts and shouldn't even deal with the case because and the case involves other states as well as the you carry it means that if if the u.k. are not intuited some individuals and the courts can deal with the case that the
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moment they become involved with and of the state they're arguing it's outside the court's jurisdiction is pretty drastic so how long are you expecting this case to take we're talking years rather than months we ask so mark allen and the relevant british government departments to respond to the claims made in this film so mark allen did not reply to our correspondents on behalf of the government the u.k. foreign office said we are committed to ensuring that serious allegations about alleged u.k. involvement in mistreatment and rendition of detainees by other countries are examined carefully they added that the government has been clear that it stands firmly against torture and cruel inhuman and degrading treatment or punishment we do not condone it nor do we ask others to do it on alcohol. that was libya renditions from the people in power series back in 2013 and i'm pleased to say we're joined here in the studio now by the report on that
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investigation giuliana roof it's nice to see you julie on the documents i want to ask you about those you know when you find the exchanges between get off these spy chief and the british government. and i don't know if you're going to give away any secrets here but how do you come across the stuff how do you. from. there were passed around and let me just say there were pasta vow and it was really extraordinary about reading for you those documents was not just the detail that came out of them but also the tone because he was an exchange between you know the . allen the counterterrorism chief in british intelligence and most of the libyan spy chief and it was really friendly and casual and everybody was preparing for tony blair's visit to libya where he was going to to meet gadhafi and bring him back in the cold and there was an arrangement and they were talking to
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each other about having having this reunion in a desert attend and then there was a little line saying yes because the journalist would love it so you can see this sort of camaraderie in those exchanges when really the will hate to be just a few brief moments before well there was an apology in 28 team from former british prime minister. theresa may. does that does that serve as as justice or is that just a government paying lip service and saying a wee bit of apologize for that. no i think it is meaningful and i think it's important to bear in mind that. i always said he did not want money what was important for him and what was justice a what is justice for him is that he got this. apology and what he wanted to expose he said was british hypocrisy and all that so all of this taken together that wasn't just the apology from 2 recent may but there was also the payment that had gone to without an admission of guilt but the payment had gone and then the apology
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too but also a payment of roughly $600000.00 to just wife a team so that was a pretty big package of apologies and compensation so we have compensation we have an apology but then you have someone like some mark allen who was the head of british counterterrorism at the time who was never charged with anything and yet there was all this evidence and all these documents why didn't it happen so yeah that's actually really interesting because on the one hand you had this legal case brought by the victims and outside and their families but there was also a 4 year long investigation by scotland yard the british police and they were collecting evidence and talking to witnesses and going for the papers and they were preparing for a criminal prosecution against mark allen and this was then reviewed by the british crown prosecution of the people who would have brought the case for
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a mental case and they felt that there was not an off evidence to successfully bring a case that would achieve a conviction so it was dropped so then giuliana given everything you've learned everything you've read the time that's passed since then do you. personally feel that justice was done in this case. i think that's a twofold. i would say that the victims feel and that's probably more important than what i feel but that the victims feel justice has been done and saudis with cif compensation and bell has received the apology that he was being full bug days of course always the question who was ultimately responsible full of doing these renditions and and these people guilty of something and that is the question really that hasn't been fully resolved and that should half the investigation and examination sounds like a future edition of people in power i think it's really on
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a riff it's great to have you with us thank you and that is it for this week join us again next time though for another powerful story from the answers iraq lives and forget you can find more films from the series at al-jazeera dot com meanwhile from all of us here on rewind thanks for watching. the 1st time glimpse of the challenges faced by journalists is the donald trump we
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are fighting the fake fake phony the enemy of the people through the eyes of a veteran white house correspondent what do you base your legs only says or down the press is not after trump is after the fact we're not the enemy of the people we are the people the usa. truth is that any word on. this is al-jazeera. and i'm fully back to this is the news hour live from i had horses coming up in the next 60 minutes after several delays in saudi aramco ought to be offered for sale
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in what could be the world's biggest initial public offering. a big show of support for lebanon's president his supporters ronnie after weeks of on thai government protests also this hour concerns from india throw down all the plans at the sand summit to finalize what could be the world's largest trade. nicholas hall in the ethiopian capital this final that's why so many young if you are traveling to yemen in search for a better life. and i'm only a harding with sports the 37th horse has died at one of the most prestigious racing events in the u.s. the santa anita park is under investigation yet again. thank you very. much for joining us saudi arabia has begun the process to sell shares in its state run oil giant aramco
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a small chunk of the firm will initially be put up on the kingdom's domestic stock exchange it's hopes tens of billions of dollars will be raised to help fund crown prince mohammed bin simons plans for the gold states future is what saudi aramco chief executive had to say. this is these truly historic we are happy to announce our intention to this the saudi aramco company at the saudi stock exchange market the strategic aim of the company is to ensure that there is earnings for the government and the country according to our board of directors we are going to increase shares to 75000000000 dollars this year the government will as the need arises start distributing benefits to the shareholders al-jazeera is osama bin job it explains the significance of saudi aramco. its beyond what the through the rubble stock exchange in riyadh could have ever imagined the world's largest oil producing firm is being listed here and shares are expected to be priced in
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december it's happening after years of hype and several delays around please nordin every company it's the engine driving saudi arabia's economy which relies on oil revenues the centerpiece of crown prince mohammed bin salmond vision 2030 now the iraq was supposed to bring in enough revenue to diversify the economy but it's never listed in any of the world's leading exchanges because of transparency fears the 1st idea was either to list it either in new york london or in hong kong kong but there have been some issues especially regarding the new york stock exchange listing and which was the possible litigation or opaque. law that could have been. adopted by the u.s. congress therefore there were some concerns by the saudis and this was expected the saudis would go for the domestic. market listing the ambitious crown prince set out a 2 trillion dollar price tag to put that into context the world's most valuable
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company such as microsoft and apple standard half of what the prince wanted these firms have a market capitalization of around a trillion dollars if failed to reach the coveted 2 trillion target the conference would either have to swallow the lower valuation or postpone the i.p.o. once again. that 2 trillion number actually came from nowhere there was no justification or nothing that substantiate that number and that number was started floating around in 2016 when the 1st idea of i.p.r. came. to the public from the solomon and a lot of things happened actually throughout this period for a listing outside of the kingdom who would have had to prove it reserves are what it says they are analysts believe the difference between probable and proven oil reserves can vary. before an investor is the biggest concern is about the safety of their investment in september in attack by hutu rebels in yemen reduced by half the
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companies oil production investors are cautious of saudi arabia's neighborhood with an isolated vested iraqi desert in the west and iran allied hooty rebels in the south a self-inflicted crisis but up there in the east and brewing tension in the strait of hormuz no one expects. that or any other non-state actors could be so successful. in disrupting the oil production that also had its impact on the lower euro. investors also have to consider the anticorruption drive which was seen as a shakedown of wealthy thousands in the public relations disaster of journalist jamal khashoggi gruesome killing which was linked directly to the crown prince this talk of an international offering after the initial listing in saudi arabia the saudi crown prince wants to press ahead with privatizing 5 percent of the kingdom's most valuable company. saudi arabia has tried to lure investors from asia to europe
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and from russia to the united states there are reports that saudi arabia is still holding government to government meetings to attract investment from sovereign wealth funds. industry experts believe much of the investment from the riyadh listing will come from wealthy saudi families not foreign investors it's curious timing for the i.p.o. with a weak outlook for oil prices a beer ish global economy an increase environmental awareness against the use of fossil fuels osama bin jobby the other there are lessons speak to money share tacon has an international oil and energy consultant and is live with us from london thank you so much for being with us on our jazzier so the i.p.o. will start off as a domestic i.p.o. listed on the riyadh stock exchange and then later go international how successful do you expect it to be on the domestic market what will be the extent of support from wealthy saudis. i think that would be sufficient i guess of course if you
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know the a singer you have to wait and see but i would guess that there is enough fund of a role money available of the savings and others with their rich families nation families within saudi arabia there are also they'll also do hold funds outside of saudi arabia and the campaign statements by the governments and others in the last few weeks has been that the saudis should show their patriotism and bring in funds from outside that invest in the saudi aramco and so on so there are a arroyo ways and means to encourage them and also to pressure them one thinks of the holding of the few of these wealthy people the number of them asked year or year before in hotel under way apparently they contribute to the afterwards many tens of billions of dollars to the government during the same pressure could be still held on them but i would say there would be enough to consider all these things funds available for this investment saudi leaders were hoping that it had
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only valued. at 2 trillion dollars i mean just ask you this once it goes public this is what they were hoping for 2 trillion dollars are they being too optimistic though 'd how much will foreign investors trust in a company that's been under attack in a region that's so unstable. i think in the introduction your program was very eloquently described to the audience to their just a few minutes ago which is a continuation of the same story that this is a national company and their weight has been historically so far controlled and it's a strategy managed inference by the government its revenue has been going going to the government coffers and more important is the independence of sa that i know so that i'm cool is an efficient very good oil company in all aspects exploration production refining and marketing and media not to have a historical record then even better spend it so it is there it is how much commitment and influence they have to government and influence by them for example
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in their cutting their production bad have to keep $2000000.00 barrels per day for the auction spare capacity as part of their global strategy of the government of saudi arabia that is very expensive and as far as shareholders are concerned that is not a warning for them and like the savak investment but so the the so that i am who purchased that company the civil supposin because it was better can because of diversification was it it pushed on saw that i'm caught by the government there are these considerations that they invest. as one of the core security and so on which was mentioned before right manisha talking just a lot of us think you can you once once the i.p.o. starts floating and starts generating profits then who benefits from that way with the proceeds from the offering go. well the revenue from the is
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not grow the revenue when you sell the shares of the company google usually to the company or the companies that manufacture the technology company to use it to expand operations invest in the company in this case their revenues are has been announced or going to the saudi government to some of the sovereign wealth funds and not to the company and that is one thing we did mention in the introduction that this is part of the grand plan of 2030 vision to diversify and that money to be invested in what i would guess as the statements i've been not to be in or in your energy because the whole purpose is to get this revenue and diversify the saudi economy may encourage investments in other aspects investments within so there may be a high technology in manufacturing but that is really part of the planning which we don't know as the details have not been our own it's right that the emphasis has been diversification it way from oil biting but not by the saudi aramco thank you
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so much for speaking to us and explaining all this talk in international oil and energy consultant to live with us on al-jazeera from london to lebanon now where supporters of the president are rallying outside the palace in bob dunn north of beirut days after michel aoun address the nation he said politicians should be picked on merit and not by who their link still protests which began last month forced prime minister saad hariri to hand in his resignation last week but the demonstrators say they want the entire political system of a hold they speak to 70 deca live for us in bob now north of the lebanese capital stephanie a rally in support of michel aoun watched the turnout like and what's the message of them. in a large crowd here what even we were driving here there was gridlock on the cars leaving the lebanese block also the flag of the free pre-judging movement which is beyond the martyr. up the president at the message and then just say it is not
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against what the protesters are also going in the sense that they say they greet when they need to tackle corruption they agree that the economy needs to improve big grief that there needs to be accountability where they differ however here is that these people stand behind their president these people stand behind the foreign minister to progress steele who is the son in law of the president as the head of the party who is someone that's been very much a target in the messages and the insults if you will from the other side the protests we've seen. in march or square also in tripoli so the people here are saying they're saying yes we agree with their grievances we've got these grievances for years in fact we protested over the decades and all it's been for about it conditions but we don't agree with the message of the other camp if you will that satisfy everyone needs to go they want their president to remain they want their party to remain in power so this is where they disagree on what you can probably do anything with but it's a pretty get out a large turnout here as well it's the 1st time we're seeing this kind of support for the by the.
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