the uae and saudi arabia.ntinue our investment plans in the region and investments in the middle east at large, so we have announced our plans for the uae, saudi arabia, egypt, as well as oman, and these are being executed. we continue to look at the opportunities around us, but until there is more certainty in the legal framework and how to do business, we continue to look with interest. yousef: the iranian opportunity is still an opportunity as it were on the radar possibly. an opportunity for the past 2-3 decades and continues to be. yousef: always a pleasure to have you. of majid ali, ceo futtaim. this is bloomberg. ♪ rishaad: i am rishaad salamat, and these are the first word headlines. the u.s. calling an emergency meeting of the un security council, claiming iran has fired a ballistic missile test on sunday, pointing to unidentified american officials. minister saidime and light of the launch that he would propose renewed sanctions on tehran when he meets with president trump at the white house next mon

look at the uae market, it is mainly banks and real estate. you're just talking about the fed, you would be interested and the banks and the real estate would follow the banks. in terms of avoiding, i think the uae will be interesting and we will see some upside in real estate and banks rather than specific sectors that you should avoid. yousef: where is the growth going to come from? we are looking at the source markets for tourism. you are china, the u.k. and even egypt. they are all suffering from a stronger dollar. they cannot affto come here. you saw what happened on new year's eve, it was not the same crowd. >> when it comes to egypt and affordability. what i have been arguing with clients over in the last three months, the purchasing power is always assisted by a great market. egyptian consumers can spend more. way morehere were egyptians in dubai than i thought. yousef: the stronger dollar will not cloud that market that much. yousef: i know you feel strongly about the egypt story in 2007 about the egypt story in 2017. the first devalu

yousef: the dollar will not cloud uae in 2017. >> not that much.sef: i know you feel strongly about egypt. the local currency. i brought up this chart which tells the story of two devaluations. this one right here which i have highlighted in red. the second evaluation comes in with the big pop in november. monthllow line is the 12 going forward. how investors think the currency will trade a year from now. you say the currency is way too weak. >> we have to go back to supply and demand and see why it is to week now and how long it will remain weak. it is all about outflows and inflows. investors have underestimated the outflows that need to go out. day, you havethe about four or five years of capital controls in that market. you as an investor were not able to get your money in and out freely. had this thatu people did not expect in the short-term. how quickly can we get the outflows. yousef: that is the key. you can see the egyptian pound compared to the other currencies. in the last three months, it has lost almost 50% of its value. is it going to

on uae on bloomberg television.. ♪ ♪ >> coming up on bloomberg best, the stories that shaped the week in business. the trump administration hits -- ground running, ask acting swiftly on campaign promises. >> he wants to create jobs in the u.s.. >> we will start adding fair shakes and better deals with trading partners. >> lots of people were hoping he would start with tax cuts and tax reform. >> the dow jones hits 20,000. we ask, what is in a number? >> we expect 10 ipos in the next three weeks. greed comes back. >> parliament will vote on

tracy: you are in uae for sustainability week this week.ople think of gulf countries, they do not necessarily think of renewable energy or sustainability for that matter. what role are the new clean energy sources going to play in both economies? zoe: it is important to look at the development coming from the middle east. the uae has published a detailed plan on scaling up renewable energy. .e can see leadership that is a real strength. uptick for countries to meet their renewable energy , so if we take those terms into account, we have some growth to come in this region. tracy: thank you so much for not going to davos and coming to dubai instead. she is global head of climate for hsbc. we are keeping and i on those oil production cuts. -- we are keeping an eye on those oil production cuts. this is bloomberg. ♪ yousef: welcome back. i am tracy alloway in hong kong. from 70tatives countries will gather in paris on sunday for the latest round of middle east peace talks. benjamin yet now you is boycotting -- benjamin netanyahu is boycotting th

uae travel is always stronger than always will be. i feel that we have a lot more to do. lot more to open and a lot of new markets to attack. you're talking to me about iran. it is a market everyone is heading to at the moment. we have four hotels being built today. we signed two new hotels last year. that is a market that the likes of the multinationals, and regional hotel chains are tried to get their hands on. there are a lot of people coming from iran into the uae. >> despite these expansion plans, we are seeing the key flagging of properties last year. trend that concerns you? how much of an impact will this have on your business? hoteling the cycle of a management company's life, there will be times when you signed great hotels, and times when you let go of great hotels. we had a long period of time running those hotels. the owners decided they wanted their own management company. is it because they wanted to save on costs? i'm not sure. it is to be expected. with the market and the region being affected by a major dip. a --is the third yea rin third year in a row w

>> the hotels will be coming from the region, so uae middle east travelers will always be strong, soure how that decision will be affecting us in terms of protectionism. we have a lot more to do. we have a lot more open, and new markets to attack. n is a market that everyone is heading to at the moment. we have four hotels being built today. we signed two new hotels last year. oft is a market the likes multinationals in the region are trying to get their hands on because it is a big market and there are lots of people coming from iran into the uae. plans,despite expansion we have seen a few de-flagging up properties last year. you transferred back the management of one property. is this a trend that concerns you. how much of an impact will this have on your business? a hotelg the cycle of management company's life, there will be times when you sign great hotels, and times when you have to let go of great hotels. long time running those two hotels, and the owners decided they wanted to have their own management company. is it because they want to save on costs? is it because they feel

do it in the uae or others , bahrain, or the gulf. seeing the united states disassociate themselves from this issue. or the country, proposing it is a great legacy. so it has to be challenged and how the public future again with the help of those leadership and the same. as time passes it becomes more difficult and thank god we have an administration that understands the importance of this challenge. did you ask about the embassy before? >> i asked about the sharon letters. >> it would be very not diplomatic for me to relate these because i'm still not like my friends and still here with the israeli government and these are various things to be done.

the uae, of course, has a lot of oil, particularly in abu dhabi.ng some of that wealth now to invest in these alternative and renewable sources of energy. the electric car is just sources of energy. the electric car isjust one sources of energy. the electric car is just one manifestation of that. we're talking interestingly, in a few yea rs' we're talking interestingly, in a few years' time, we'll be able to send energy. one of the big problems with solar energy has been storing it. that seems to — the science seems to be catching up. excellent. ollie, thank you. this is called the state of the future report. if anybody‘s interested, they can hopefully find something about this online. ollie, thanks forjoining us. online. ollie, thanks forjoining us. really appreciate it. bye—bye. have a good day. we'll see you same time tomorrow, if you're on bbc one. bbc world, see you in a minute. not me, i'm off! hi, there. there is definitely a pattern emerging with our weather. i will say that much for the weather over the last few days. here is monday's sate

>> when you look at the uae, it is a wonderful economy in the middle east.oil is down, but they continue to do things to get themselves up again and keep themselves competitive globally. broader region, the story is on the debt side, huge issuances, some issuance good, but we don't want to see too much too fast. nervous, what amounted to come back to the market with, early q2? nervous about other markets issuing. kuwait, does it need the debt issuances? that is a topic for discussion domestically. they have significant surpluses and cash reserves come up but again, that's part of creating a curve for their corporate sector. how much of an issue is that looking at the currency? under pressure in your view, and how do they defend them with a weaker oil price and the debt issuances as well, which is part and parcel of it? things oute of those there, so everyone talks about it, but i dismiss it because when you have so much of your revenue and so much of your cost inis, both also denominated dollars, what about devaluation? this is one of the things i would love

you, doctor walsh Ãshould president trump concern himself with what leaders of saudi arabia and the uaere not on the travel ban but might there be unintended consequences or backlash from these countries. >> absolutely. you will always have your ears open. the world is a tough place. it's hard to get anything done. you have to work with partners. we shouldn't criticize them all the time. it's about partners in the middle east.when it comes to them, we have talked about this as it relates here in terms of the homeland protection. there are terrorists and extremists who do they murder the most ? we need the help of the citizens. either we win together or we lose separately. it's what it doesin our battle and our broader fight .>> understood. as we are talking and looking at my pictures here. battery park in lower manhattan. protesters are they are and protesting presidents trumps executive order. as you know, jordan will be coming to washington on a working visit. he will meetface-to-face with president trump but if it doesn't take place , is there anything to read into this? is it readin

barkindo's expecting people from countries like saudi arabia, oman, qatar and the uae as well.scussion, you would see the big opec production cuts deal agreed back in november. we have seen some promising talk coming out of various mr. this week talking about how they are complying with the cuts, but there is still a lot of detail to hammer out. january is the month this is supposed to come into implementation. the other thing we hear ministers might chat about is the return of u.s. shale. we had eyes on the iea inventory last week. we saw wti not rising above $55 a barrel but not coming back strong and reviving fears of u.s. oil production coming back on stream and perhaps taking the impact of those oil production cuts shery: out of the picture. oil prices fluctuating this week , falling right now. do we have any sign the cuts are working? tracy: let me give you the optimistic picture first. we had open interest on wti futures reached an all-time high yesterday, despite the iea that everyone was worried about earlier in the week. posting the best one-day gain since november wh

here in the gulf news, from the uae, that travel ban sparks chaos, below it american soldier dies inraid in yemen, they are fighting with the middle eastern countries against islamic state, so how will those countries feel? there is an unverified report that iraq is going to ban all american applications for entry to their country. for goodness sake. what is it going to do in the fight against is? the trouble is you ta ke fight against is? the trouble is you take these actions and you don't think about the consequences, and the consequences will run out. you can look at the economic consequences or the tit—for—tat retaliation that will go on as well. why will these countries fight alongside america when it seems to bea alongside america when it seems to be a one—sided approach to dealing with the challenge. it is all about the us and not about what happens in those countries as well. it is hugely worrying. the consequences will shake out over the next couple of days, but arguably if there is damage, it has already been done. now, france have a very interesting spring ahead of it with

the core countries, the uae, kuwait, saudi arabia, they have always been compliant.expect any form of cheating from them. iraq, ithink, will be expect any form of cheating from them. iraq, i think, will be tricky because they need the money to fight isis and i do not expect any compliance from them. the rest, what works in favour of 0pec, is because of years of underinvestment, decline rates accelerating so by default they will be complying. this time last year we were looking at oil around $40 a barrel and there was a massive fall early on in 2016 because of what was going on in china. as we have mentioned, many companies going bust, the smaller energy companies. will we see more of that this year? i think the worst is behind us. in terms of companies struggling. that does not mean they will turn into profits overnight because again we do not expect oil prices to go much beyond 60 or $65 in the first half of the year. perhaps in the back end of the year but it will take a while. i think companies have cut costs but we are seeing a couple of years of severe cuts and

saudi arabia, the uae, and lebanon and egypt. iranian officials say they'll reciprocate by banning u.s. citizens to their country. all of this as the president signs three more executive actions. let's begin this hour. with rachel crane live at jfk airport. the protests still very much going on behind you. >> we've seen this crowd grow from a handful of people to what seems like hundreds and hundreds of people. here. protesting, calling for the release of the detainees that are being held here at jfk. also for president trump to reverse his controversial executive order. and it's very peaceful here and very spirited, poppy. we've seen children, we've seen puppies, families. one family smoke about saying how this is the best civics lesson they could ever give their child. bringing them here to this protest. we've also recently learned that this is terminal 4 where the protest is being taking place, we know that 11 detainees are still being held here. we also have learned that a terminal 1, at least six people have been detained to

think that's an important thing to know whether you're talking about algeria, jordan, kuwait or the uae, there's muslim majority countries not in this seven. these seven were identified by the obama administration needing further travel scrutiny. >> what about the countries like pakistan, like afghanistan, where there have been terrorist cells, saudi arabia on 9/11. >> we're looking at all of this holistically. but i think the first step -- >> why these first where there haven't been -- >> i just said it twice, because i think these were the obama administration put these first and foremost and said these countries need to have further travel restrictions based on the intelligence that we have. so, you know, those were identified by the previous administration. there were further travel restrictions already in place from those seven countries. what the president did was take the first step through this executive order of ensuring that we're looking at the entire system of who is coming in, refugees that are coming in, people who are coming in from places that have a history or that our

>> kelly, those two calls, saudi arabia, uae, the leaders of those countries, has anybody anecdotally said this is going to be very sensitive given the muslim ban? although -- let me just be clear. it's not called a muslim ban by the trump administration, but many are interpreting it as such and you can imagine the leaders of saudi arabia and uae just might. >> reporter: the president rejects that characterization. others define it that way. this could be a topic that could be a part of those phone calls, but typically the readout after we get after a foreign leader call or an important call from the president will give us some sense of the topic areas, but we won't know exactly what the back and forth was, but i would think the expectation not only are the two countries, saudi arabia and the ua ian important part of the economic structure of the united states and we have strong relationships with both countries, but they are not on that list of seven and may have some questions aboutow this playing out from their view in that part of the world. alex? >> having said that, this list of

how did you end up in the uae? christopher: when i finished university, i asked my father if i could join him in the business. and he refused me. i asked him how come? i am your son. if anyone should take over the business, it should be me. haslinda: it is not a birthright. christopher: it was not a birthright. well, sort of. he told me if i was going to join him in lebanon, i would only learn the same mistakes he did, and probably copy what he has done. he wanted me to have fresh ideas. i thought it would be a good idea to continue my education at the time because he had done his masters and i wanted to do that as well. i had to go to new york because it was a beautiful place to study. haslinda: and play. christopher: and play. right before he had to go, i went to dubai and it was being built from the ground up. i told myself -- why would i want to go to new york where the city is already fully built, if i could go back in time and see a city being built from scratch? haslinda: you said that opportunities were fal

the exclusion of some of the n sunni states like the uae speaks to the fact we have better relations with them. a lot of the countries on the list are moderate nations in some cases that we have to work with against al qaeda and against isis. the fact that not creating executive order that has to do with immigration of refugees, that touches so many aspects of the government, from the justice department to the fbi to dni to the state department. not letting people know in advance so they can communicate outward was a dreadful mistake. >> is this just an example of this administration saying, we're going to do it, we're going to do it, so we did it? >> i can't tell you that. what i hope they learn -- i mean, government is this incredibly complicated network of different nodes and agencies and bureaus. and what you have to do is you have to let everybody know. when i did executive order in government, it was reviewed all around government, all around agencies. executive orders don't just get written in the west wing and go up in the middle of the night. this is why this doesn't happen.

twelve others were also wounded, including kandahar's governor and uae ambassador.arlier in the day 38 people were killed and dozens were injured when twin bombs exploded near governmental offices in the afghan capitol of kabul. taliban has claimed responsibility for these attacks. >>> authorities arrest a man trying to smuggle these weapons, all of these weapons into mexico. officials say the 21 year-old suspect tried to cross border in arizona when officers discovered a large speaker box in his truck. inside that truck an assortment of rifles, handgun and a variety of ammunition, the suspect, mexican nationalist being held by u.s. immigration officials. >>> al demotto is apologizing for losing his patients before being kicked off a throughout. this is video of him leaving jet blue flight on monday. he got upset after some passengers refused a pilot's request to change seats, due to a weight distribution issue flight there fort lauderdale to new york left more than six hours late. >>> avalanche west of denver forced closure of interstate 70 torch of the day yesterd

the uae. they've been working hard and terms of air travel and nothing.s important to keep that information and that relationship serpt and. >> squiching geefrs here. and a group -- led to delays and the cancellation of about 150 flights. thousands of travellers were left in him bow because of the outage. around midnoid appall snading to customers impanthed by the frustration situation. >>> sfitd pit will redpus its work place tech naul, new site. the amounsment will come today. >> sewing and it's charjs acrowing on the company's jet liner factory i'm only a year off but things like this. nearly 3,000 is soeth soe-- thi comes after they canc ald vote nearly two years ago siting a quote toxic environment inviolations off worker rights. >>> citadelceo stepping down. the reason is still unclear. a long time executive is being named as the replacement ceo. >>> wells fargo share holders proposing resilations. they are demanding information about risk management and the board and employee bonus payment. they're having directors and banks meet with share holders

but what encourages the market is that the core countries of 0pec, the gulf countries — arabia, uae, and they will comply. they have to comply given the budget constraints in their home countries. we think most of the rest of the countries will comply to some degree. some countries may be tempted by the slightly higher oil price to increase supply and produce more and make more money. it has been hard going for countries, especially in south america and some african countries. yes, and also libya and nigeria are coming out of a depressed position. they will be allowed to increase. there will be some cheating, but i think there will be quite a lot of compliance with this. when we finally saw that announcement — we'd been talking about it for days, weeks, in the lead up — they have finally made this agreement, but they cut at record levels. russia was producing more than 11 million a day, something like that. will it really make a huge difference? demand is also increasing. lower prices equals that it is cheaper, so demand growth has been good. how long will that last now prices are ri

you had the saudi king and also the leader of the uae both agreeing to work with the united states toobviously, that is an advantage and that was outreach that is helpful. i just want to ask, sean, among the intelligence professionals, long time counterterrorism experts, there is a feeling, although the president's intention was to make the country more safe, that by affirming the isis navrrative, the extremist narrative and immigration ban, has made the world more dangerous for us because people have new propaganda points to make. what would be reaction to that? >> first point i don't think you can underscore joe's point enough. the idea he talked to the crown prince of uae and king of jordan we have the ability to work with these countries to make the world safer. but, secondly, when you look at happened. we are talking about seven countries that the obama administration identified as needing further travel restrictions. we are making sure that the priority is american citizens, american institutions and men s businesses and american families to protect its people. i think by making

president, trade between costa rica and the uae is growing exponentially. how important is it for costa rica to diversify trading partners at a time of heightened risk of the texans him -- of protectionism? >> it's extremely important. i am convinced we have to do this. we have done more or less the same thing in general. we have 12 free trade agreements throughout the world. weekend reach the potential population of 2.5 billion people as a result of that. we were just talking about investing in costa rica. fortune 500of the companies are doing so in the services area, in the production of medical devices. we are moving from producing things to creating things. this is something that enthusiasts see is a good sign of costa rica's possibilities in the short and midterm. shery: there are concerns about mass deportations under the new trump administration. you have your own immigration situation right now with a massive wave of cubans and haitians coming to your borders. how will america's moves on this front affects costa rica? not only your country, but also

. : trade between costa rica and the uae is growing next initially.tant is it for costa rica to diversify trading partners at a height of risk of terrorism. guest: it is extremely shery/nt, . we have 12 free-trade agreements around the world. we can reach a population of 2.5 billion people as a result. about investing in costa rica. we are a good part of the fortune 500 companies doing so in the services area, and the production of medical devices. from producing things to creating things. this is something that enthusiasts see as a good sign of costa rica's possibilities in the short and midterm. : there are many concerns of mass deportations under the new trump administration. you have your own immigration situation right now with a massive wave of cubans and haitians coming to your borders. will america's moves on this front affect costa rica, not only your country, but also the rest of latin america? we will have to see. i don't want to speculate on the new administration's policy on immigration until it is more specific. obviously, if the u.s. de

president, trade between costa rica and the uae is growing.nt is it for costa rica to diversify trading partners at a time of heightened risk for protectionism? guest: it is extremely important. i am convinced we have to do this. we have done more or less the same thing. 0 in general, we have over three trade agreements around the world. ofcan help our population 2.5 billion people as a result of that. talking about investing in costa rica, there is a good portion of fortune 500 companies doing so in the service area, in the production of medical devices. we're moving from producing to creating. this is something that enthusiasts see as a good sign i n the short and mid term. >> there are many concerns of mastery partitions under the -- mass deportations under the trump administration. you have your own immigration situation with a massive wave of cubans and haitians coming to your borders. how will america's move affect costa rica, and the rest of latin america? guest: we will have to see. do not want to speculate as to the new immigration's

we got russia and iran at the table with saudi arabia, with turkeywith the uae, with . it was hard. we came up with a formula for resolving the problem with syria. lavrov and i negotiated a cease-fire. unfortunately, that cease-fire -- notd a period unfortunately that are required, but it required a period of calm, and five days into it, we accidentally bombed 70 syrian troops, and the russians .elieved we were not serious on the weekend, the humanitarian trucks got bombed, and the things fell apart, but it's not because we were not reading and trying to get to the watering hole, folks, but as the old saying goes, you can lead a horse to water. you cannot make it drink. ms. woodruff: you touched on just about every place i was going to ask about, so thank you. well, i have a: lot more in reserve. ms. woodruff: before we go to the audience, what are you absolutely confident most endures that this administration has done globally on the world stage, and what are you most worried about? secretary kerry: i really believe common sense is going to win out. it does not make sense -- let me

what's the reaction in the uae to these travel bans? >> reporter: good morning.ssentially it's been rather muted. interestingly enough the ceo of bai airport -- you have to remember it's one of the busiest international airports in the world with all of that international travel and we heard from the general of federal security in dubai in support of this ban saying that there countries have the right to keep themselves safe. of course we heard from iran and iraq saying there could be retaliatory measures to what president donald trump has inaugurated over the last few days with his executive order and this really does come down to where you're sitting. in the gulf, in the united arab emirates, the conversation has been about social and economic forward planning and about creating safe zones in syria and yemenugees and taking the fight to the islamic state as opposed to talking about this ban. but in terms of what it means for folks thinking about doing businesses in this part of the world and vice versa biggerer questions. >> thank you very much. we'll speak to

this is his final four transfers arrive at the uae and he believes 14 prisoners in the last week alonetainees remain at the camp and prayers are working, former president george w. bush posting online that his parents, former president president george h.w. bush and barbara bush out, we are expecting speedy recovery. >> yesterday across town there was a big luncheon issues, african-american issues, jim brown, running back, spent the bulk of his life as activist. they will to prisons where the parents might be and the structure is not that strong and teach critical life skills, but for the longest time when it came to national audience and national power this past president has not given jim brown to time of day. donald trump has. he's tapped into this program a long with pastor that's been on this show and on the eve of taking power he believes that the jim brown program is the right way to revitalize minority communities. i had a chance to talk to him and i've known him for about 20 years, i've never seen him so upbeat and optimistic, let's take a look. >> jim brown, he's been making

announcements and the united states, but in terms of broad economic strategy and policy, we look at the uaee most diversified economy, so therefore the most able to withstand a lot of this sort of, the kind of political risks and uncertainties that might impact other countries. yousef: let's leave it there. always a pleasure to have you on the program. aramex, to the ceo of which just announced record profit in the last quarter. we get you that conversation. this is bloomberg. ♪ rishaad: it is a 30 a.m. in dubai, 1230 p.m. in hong kong. i am rishaad salamat. the white house saying green cardholders will be unaffected by resident trumps immigration order. session of aid the card will be allowed in the u.s.. warmedand companies have staff from the countries involved not to risk leaving the united states. microsoft called the order misguided and says it does not support the policy. >> the ban on prospective travel from countries is to prevent terrorists and in this country, from countries that have a recent history of training, exporting, and harboring terrorists. rishaad: starbucks has also c

dubaiou had the rulers of , which is an absolute monarchy, part of the federation of the uae, who decidedy wanted to create a middle eastern singapore, a center for business, tourism that was clean, safe, and orderly, and would be a meeting place for the arab world and the broader middle east and african region, so they set about doing this, building development, building the port so dubai became a big maritime center, but the most important way they did this was through an airline. they figured if we have a world-class airline that can bring the globe to our door, that would contribute immeasurably to the growth of dubai, so it grew and grew to the point where it dwarfs a lot of what we think of as larger airlines. of this story here is also as you point out, it is kin to the story of dubai in general, government backed entities and business. you start off with the control exerted by the company over its employees, down to the make the airline stewardess is where. tell us how that degree of control and oversight is so important to the growth story? >> while emirates are adamant that they

after long flight from the uae. the news of the ban too much to take. >> and they were -- they found out that -- this law is going into effect and began to feel very worried. >> reporter: as agents stood watch of the hospital door. he found a message of hope on the doors of his mosque. >> we do not support the president's ban on muslims, your community is welcome here. your neighbors [ speaking foreign language ] >> reporter: and back here live. people continue to push back we're hearing lawsuits have been filed already against the federal government. and this protest that began here at 3:00 this afternoon was supposed to end at 6:00. the protestors are still here many of their voices being heard. guys? >> what are family members being told about those who are being detained. if they have any idea when they might be released if they will be released? if they're going to have to spend a day after day after the airport? what's the situation? >> reporter: yeah, the family members right now, ross, tell us they are in li

yousef: the uae formalized the creation of an investment company created by a merger. the combined entity has total assets worth $125 billion. the crown prince will serve as chairman. abu dhabi has been encouraging mergers of the state, mitigating oil pricesof low on the economy. while middle east markets get their chance to react to donald trump's inauguration, we saw choppy trading with the dow closing off highs after the president's inaugural speech. let's get more of this from david shaw, a portfolio manager at new river investment. usid, thank you for joining late on saturday evening in the u.s.. say, we seem to have this mix of rising political tension, coupled with mass or growing the social unrest and the markets are doing reasonably well. the vix fell on friday. marketh longer can the deal with this? david: it's an interesting question. thanks for having me on. you never know when it can switch. i think the market can be fickle. on friday, we saw stocks fell off a little bit after the , and i think we are eventually going to shift from what is being promised t

yeganeh, his wife and a fellow journalist, works for the uae-based newspaper the national.ian citizen. this is their city, tehran. the official attitude towards fun in general seems to be ever shifting. how, is fun even a good idea? >> jason: um a lot of push and pull. a lot of give and take. when i first started coming here, you wouldn't hear pop music in a, in a restaurant, or a -- >> anthony: righ >> yeganeh: it's evewhere now. >> jason: now it's everywhere. >>eganeh: we have police, they rest girls, or women, for having bad hijab or not being covered enough. but, it's not that we live with the police in our head, you know? ♪ >> anthony: you know, one of the first things that people will say, when you say, "well, i'm going to iran." "oh you're - but don't they make women do this, this and this." >> jason: yeah. >> yeganeh: mmm. >> anthony: actually, not so much. >> jason: yeah. >> anthony: not as much as our -- >> jason: friends. >> anthony: friends. >> anthony: compare and contrast, women aren't allowed to drive in saudi arabia. >> yeganeh: that's right. or vote. >> ant

positive, it is because if you look at saudi arabia compared to the uae, depth penetration is very lowp is low. there is plenty of room for banks to grow if the economy accelerates. the thing is that one of the concerns we have usually with the economies in the region and -- is the concentration, so the more we have a variety of sources of financing, the less concentrated the balance sheets of the banks will be. tracy: when it comes to the outlook, give us a sense of how you see the saudi arabian banking system performing relative to other goal financials. >> last year, we took actions on a number of banks by downgrading some of them, so it is fair to say that the number of negatives towards the end of the year have been captured within our ratings. i think when you look at the capital buffers, the profitability, this metrics are still header and saudi arabia than the rest of the region. another thing is the liquidity is easing. it is not the case in qatar or oman, so we are not too concerned about saudi banks performance compared to other systems. at the moment, there is a bit of mode

with the head of the uae? are they catholics? they are arab muslim sunnis. of course it's not about religion. they have the same view, the international community, the prime minister of great britain was here, there was a coalition against the jihadist. and those seven countries have in a geopolitical, very specific way, a threat that is manned by the jihadist. that is the beginning of the chapter, nothing to do with religion. judge jeanine: what do you say to, or what is your reaction to all of these protests and even to senator mccain and lindsey graham? are these senators just, you know, former foes who can't get over the fact that they lost? i read the executive order, it doesn't say anything about that. >> the executive order is the beginning of a process where by the trump administration will be able to designate those countries. we know that in these countries, you have the hostile forces and we have friendly forces, take, for example, iraq, we have the kurds with us, take libya, you have al qaeda, you have isis, muslim brotherho brotherhood militia a

secretary kerry: i mean israel, uae, the saudis. charlie: sunni arabs?ecretary kerry: very much so. we had a major summit at camp david were they all came in, we strengthen the military support structure, the training, the flow of weaponry they felt they needed. we have enforced measures against iran that fell outside agreementn nuclear which regarded u.n. resolutions or arms trafficking, state sponsorship of terrorism, so forth. make itwe've managed to clear that the united states has been solidly engaged. we put together a 68-coalition country effort to defeat daesh. how can people suggest we are retreating when isil is moving across iraq, threatening baghdad, black flags flying, and the president of the united states immediately moved to put our aircraft in the sky and begin to take them on, to retrain the army, rebuild the army, and now we have liberated 65% of iraq that was taken over by daesh, 35% to 40% of syria. we are in the liberation of mosul, and i'm telling you without any question in my mind, daesh, isilarmy, and now we havd 65% of is going

prices may rise at the turn from a couple of cents a gallon to something more market-based, but look, uae did it, and it's working. you've got to get to that economy that drives to investments in other places. >> in looking at your -- [inaudible] both have remarked about on opec has kind of the effectiveness of opec as a cartel and compared to with this new reality, is really -- are we seeing kind of to obituary of opec in the coming year or two? are we seeing this shift, because on the one hand there are the market shifts. on the other hand to, you can look at kind of the failure at times in doha when the deputy crown prince pulled the plug on the agreement. and going towards now -- and then eventually kind of reaching an agreement from algiers and onwards. but the concession saudi arabia had to make to iran and also as well working with russia. is this a sign that opec's effectiveness as an organization has also been, is greatldiminished itself? >> well, as a footnote, i mean, opec has never really been a cartel in the classic sense of allocating production shares in order to minimize t

from the uae, 314. egypt, 162. why? these countries are home and none was targeted by this ban. also not on the list countries where president trump appears to have business interests. how big is the actual threat here at home? let's be honest. that's what this is about, fear right? the chance of an american being killed by a foreign born terrorist is 1 in 3.6 million. looking specifically at refugees that statistic jumps to 1 in 3.64 billion with a b. 2015 data from the centers for disease control and prevention shows us you're actually more likely to die being struck by lightning, being hit by a bus, falling out of your bed than you are of dying in a terror attack. the number in the study does not include the 1 killed in the december 2015 shooting at san bernardino however if you put that number in it's still lower than the other causes of death listed. allison. >> thank you very much for that important reality check, chris. president trump shaking up the national security council elevating the role of his chief strat

the uae is a strong u.s. ally and saudi arabia has been as well. still the "wall street journal" reports immigrants from seven countries the president has listed have never killed americans in a terror attack on american soil. it also reports of the 180 people accused of terrorism related crimes since 9-11, fewer than a dozen were from those countries. the greater threats to americans comes from home grown terrorists. lawyers say his wife worked for an american security contractor in iraq and that insurgents killed members of her family because of that couple's deep ties to the american military. officials at j.f.k. airport released the man after a federal judge in new york ordered officials to stop deporting refugees with valid visas. the move was in response to a lawsuit at the american civil unions. but it came to late for some. officials at philly's airport detained and turned away two christian families from syria and sent them to qatar. official says they plan to have a list of iraqis that have helped the united states fight al-quaida. more l

if you go to the uae, jordan, the moderate sunni arabs, they're against the muslim brotherhood.hey've been back and forth between their teams and advisors here and of course now, the discussion will go to the white house and the state department. but there is a bridge now established between this administration and a large number of arab moderate countries. >> neil: how is he doing thus far, your sense? >> i think he's doing very well. let me make a point here. i notice that he's getting in some of the polls like rasmussen sky rocketing approval. we have a difference in the approach in polls. all the polls that failed in the campaign continue to show him very low. i'd like it if maybe one of these networks or whatever stopped and said, oh, by the way, the poll we're showing you are the same people that missed the election by the mile in terms of understanding it. there's something wrong in the polls, different methodology. i'm telling you the ten pegs -- i'm not getting into about whether or not the three million votes -- he's putting tent pegs out in these -- he's -- what presi

we're as quick to say, you should have included saudi arabia or the uae or more countries, presumably the ones that are majority muslim populations. none where you go with that one. >> this is why people -- the folks out there that are misunderstanding, focus on the facts. if they're against vetting that is fine. if rationale, here's seven countries that we don't have reliable information from these countries. a significant amount of radical islamic terrorism in those countries. if we're not competent. if we don't know who they are, we don't know what kind of groups they support, it made sense to take a temporary pause and vet them. all the liberals and democrats across the country that oppose this, they should be honest with the american people and say why they're against vetting. why it doesn't make sense. to slow down and see who is coming into our country. we have a right -- i argue the president has a responsibility to protect us. nobody has -- is entitled to come into our country. we have a right to define our borders. my parents are immigrants here. this is a welcome, loving co

. >> saudi, egypt, uae and lebanon. the four of those not mentioned.te about whether or not this is a quote-unquote muslim ban. it's not as extensive as what president trump promised during the campaign. listen to rudy giuliani talking about what the ban is yesterday. >> when he first announced it, he said muslim ban. he called me up. he said put a commission together, show me the right way to do it legally. what we did was we focused on, instead of religion, danger. the areas of the world that create danger for us. which is a factual basis, not a religious basis. >> margaret, a lot of people heard mayor rudy giuliani saying that and interpreted differently than he did. which is i want to do a muslim ban. find out a legal way to do it. >> there are a lot of american voters, maybe not a majority but a sizable pocket who want a muslim ban and were tweeting over the weekend or expressing their support for it on facebook. >> david duke's son. >> the constituencies that ruth mentioned. refugees, green card holders, people facing religious persecution. there

the fact that, you know, none of the 9/11 hijackers from the uae, lebanon, most from saudi arabia areluded on this travel bid. none of the countries are included and when you look at the most recent attacks, "charlie hebdo," you had three french nationals of algeria descent and paris attack over a year ago, mainly french and belgian nationals of moroccan descent. none of those countries are part of this travel ban. why is that? >> i certainly trust our national security officials that they picked the seven nations that are affected here specifically, syria and iraq, which are isis strongholds and that is the reason they picked these nations and the vetting process clearly didn't meet the standards necessary to execute this. i think it's important to go back to the origin of the executive order. it is to protect all americans from foreign nationals who intend to come to this country to carry out terrorist acts and look, our country, our national security agencies must be right 100% of the time. terrorists only need to be correct one time. i think this is an important step, but it's nec

incidentally, that number from saudi arabia is 2,369, from the uae 314. from egypt, 162, according to cato. why seven countries are on or off this list is truly myst mysterio mysterious. some newspapers have noted correctly that none of the muslim majority countries the have a trump hotel, building, or office are on the list. more broadly, cato points out that including 9/11, the chance of an american being killed by foreign terrorists on u.s. soil over that 41-year period is 1 in 3.6 million per year. being killed by a refugee, your chances are 1 in 3.64 billion per year. so there's really no rational basis for this policy. what explains it, then? i suppose it's what is explained so much of donald trump's political career. the exploitation of fear. from the birther campaign to the talk of mexican rapists, trump has always trafficked in fearmongering. this time, to stoke those fears and present himself as the country's protector, he chose to punish ordinary men, women, and children who are fleeing terrorism and violence, who are willing to brave the odds,