should reforms stage one of the biggest national strikes for decades that's causing severe disruption to transport networks schools on. business africa with. next couple of tough because it was close around the clock it's always the website called. the to. the creative to do. 70. 2 turning points in politics business columnist. ron paul people of the islamic revolution. folks are making its initial flirtation those strengths in states of emergency

sinks into chaos pope john paul 2 seconds just chants of the people from steel. cars. the start of an era that defines a modest. 1970 the big coup today steps december 23rd. cuts. opec debates another big production cut what could it mean for africa's biggest oil producer nigeria and how could saudi aramco upcoming i.p.o. get the oil markets we'll take a look at both. also on the show the latest in drone technology is on display in amsterdam but in a rising industry deal with regulation and growing security fears. i'm stephen

beardsley in berlin thanks for joining us. opec organ the organization of the petroleum exporting countries and its allies are moving closer to one of the deepest output cuts in this decade and the group is meeting in vienna to discuss an additional cut of 500000 barrels a day out on top of the current cuts of 1200000 barrels daily the aim is to support crude prices of medical oil clutch new quotas could be difficult for africa's largest oil producer nigeria which has struggled to meet current quotas. now that opec meeting is taking place in saudi arabia tries to woo investors to its national oil company saudi aramco an i.p.o. is expected to take place later this month the company has announced it would only be selling on the riyadh stock exchange and not in london or new york as had been expected that raised a few eyebrows let's take a look around it's the world's most profitable company last year produced some 11000000 barrels of oil per day and that's more than 2 thirds of which was exported

to asia with an additional 14 percent going to the u.s. in the upcoming i.p.o. has generated a lot of excitement but a recent drone attack on iran co facility as well as investors increasing focus on renewable energy has left many analysts skeptical saudi arabia would be nothing without saudi aramco the oil giant posted net profits of $100.00 anathem 1000000000 euros last year because creative cost doesn't only go to financing the saudis face it also pay for a lot of perks for the general public petrol is cheap health care and education are both free for society says or through no $1.00 pays income tax. the oil concealed beneath the saudi arabian desert has almost been pumping itself out of the ground for a few years low drilling costs have made iran co the most valuable and profitable company in the world and it's the biggest 12 percent of the world's oil comes from

around co's taps but no one knows with any certainty had the company's structured end run around co avoid publicity as far as possible its shares will only be listed on the stock exchange there are questions about just how large it's sited reserves really are not to mention the uncertainty around or oil prices and a move towards renewables crown prince mohammed bin simon wants to reduce his country's reliance on oil revenues from around close i.p.o. will be used to accelerate the pivot towards the tourist industry and to ramp up development of renewable energy like spoke earlier today with middle east expert from the institute. he asked why iran has choosing now to go public. they hope that the i.p.o. can help or i'm quoting his international isolation strategy crew closer into linkage between oil production and refining in petrochemical production and

expansion of export business most notably to asia and of course an i.p.o. can help heal also with the debt issuance that was for example used to finance to put chase of the 30 percent big stake by a ram co recently that is one reason the other reason is that the i.p.o. can help saudi arabia diversification drive you always need to mention also the public investment fund when we talk about the around call i p o that is basically the wakil of choice of mohamed bin sun mon in his strategy of the vision 2030 to develop more a more diversified. economy that will need to have some help in the beginning from such order revenues you mentioned diversification is this i.p.o. part of a larger strategy to move away from oil as

a main source of income for saudi arabia yes i mean the idea is that. oil revenues can increasingly fund strategic investments a process that in industries that might help the diversification of drive at home in areas such as heavy industries such as alternative energies like nuclear nubile energies the tourism industry was mentioned but also many of factoring industries. why is this listing only happening in riyadh why not in london or new york. well there were already ahead of the i.p.o. concerns about legal liabilities the majority oh no it's the majority own off saudi aramco is of course the so if you state and there were concerns that legal cases against the saudi state for example this legal case in the united states of family

members of 911 victims that say there was an election involvement of some saudi government employees in the lot such legal cases of course could be a considerable risk for saudi aramco if it was listed in new york no pick legislation would be another case in point and on the other hand of course as it turns out there's not that much interest at this valuation in the saudi aramco i.p.o. outside of the gulf and maybe in some corners of a shot funds also that might invest out of strategic considerations but the interest at this valuation even though it's below the 2 trillion us the loss that was initially envisaged is rather lukewarm in major financial capitals like london and new york. and it was my colleague. speaking earlier today with

a car votes from the institute and. now some are mere toys others sophisticated vehicles with an array of capabilities and the growing number of drones that's beginning to unnerve safety officials around the world just the summer one came as close to 20 meters to a landing airplane in london this week the drone industry is meeting in amsterdam and showing off new devices as trying to address some of those concerns. the science fiction feeling continues as drones explore new areas even on the ground this inspection drone feels at home in our cities sewage pipes for example detected by a carbon fiber cage the majority of applications lies in the open sky however this drone as built to drop 8 boxes in hard to reach areas like the himalayas without putting a pilot in danger but commercial drones are now pushing into our cities research company gartner expect over a half 1000000 commercial drones at work globally in 2020 a rise of 50 percent we are busy with fire fighting so if you have

a big fire and you have a drone and you can see what happens and you can be much more effective in fighting this fire the other field for example is when it comes to eventing you have to control my sense of people and then it comes in very handy if you have a drone safety is the number one topic at drone week provided by drones but also safety from drones this radar detects approaching drones near airports hoping to prevent collisions with planes what we are missing mostly is the space which is the navigation system that will allow drones to operate in complex environments and also several drones to operate in the same bit of space we need to have a digital system that allows them to talk to each other avoid them colliding many cities have pretty much banned citizens from using drones because they are only just figuring out how to make unmanned flying vehicles work in the urban and. arment. taking off with this right now in an urban area would be breaking the law

but next year as the e.u. introduces pilot licenses that may change because a license does come with certain rights and it may also mean more rights for private citizens to use the airspace. and out of some of the other global business stories making news uganda plans to borrow more than $660000000.00 u.s. dollars from international banks to plug a hole in its budget the government received less taxes than expected and it failed to get funds from the world bank you've got this debt has risen 30 percent in 2 years partly because of large chinese funded infrastructure projects. at least $23.00 people have died in an explosion that tore through a tile factory in sudan's capital khartoum another $130.00 people were also injured when a gas tanker suddenly caught fire sudan has suffered a raft of industrial accidents in recent months raising concerns about health and safety regulations in the country. international food group cargill says it will invest $113000000.00 u.s.

dollars in the world's 2 largest cocoa producing countries ivory coast gone off the money will be used to expand its existing processing plants there the u.s. firm says hundreds of jobs will be created. modi's gibson online stickers have turned into a kind of digital language create the right one and you might even be able to turn a buck on it that's at least the case in china of course there's a caveat here where the censors. me silly piggy this little creature goes through a range of emotions from pure joy to over frustration at the drudgery of a boring office job silly piggy's antics have struck a chord when it 1st appeared in china's popular we chat user sent it more than $30000000.00 times in a month seeing its emotional range as an ideal way to express their own failings in text message form should be something it's so cute and it reflects how young office workers feel inside me even though it's grumbling it can still express that in

a really lively and vivid way with an illegal search engine. for the creator river e it's been a godsend she came up with the character whilst working in what she regarded as a dos office job now the artist runs her own studio and signs autographs for fans. in a country of 850000000 mobile internet users rivers' creative doodling has proven lucrative . place feel really happy commented. some friends feel proud of me when people they know share my stickers. i didn't doesn't tell them i know the person who made those and they feel fred. it's really flattering and it makes me very happy. you know the. river has enjoyed been able to make money from her art she will need to be careful though in order for silly piggy to stay online it needs to abide by some strict

chinese censorship laws once when chinese president xi jinping was compared to winnie the pooh the kodaly pair was suddenly no longer available for download. them via again. and that's it for me and the business team here in berlin as always you can find out more about these and other business stories on line a d w dot com slash business. do check us out on facebook and twitter we'll leave you with a look at the tapes coming off it doesn't save us i'm see visibility thanks for watching .

the. strong a clear position in the international perspectives. of this we've been meeting among them to mock the 70th anniversary of an organization that wants to see itself as the most successful military alliance in history but out of

the rifts within us find out on 2.5. m. 16 of us on the t.w. . every journey begins with the 1st step and every language with the 1st word published in the. rico is in germany to learn german why not come up with a simple online on your mobile and free. deed. learning course nikos free german meeting seen. this as the news africa coming up on the program it's a race against nature precedents have for high ground in east africa all cost suggest up to rancho rains and flooding cold guest workers also coming out to. bring back to fox in you not snow museum in the democratic republic of congo the nights in the beat still in the box works. and these red

mountain gorillas were close to extinction but thanks to sustain the comes.