is about to take place later this month we're talking about iran co saudi arabia's national oil company it intends to sell $25600000000.00 in shares but they will only be available in the riyadh stock exchange and not in london or new york and that's not the only special thing here let's take a look around of world's most profitable companies last year it produced some 11000000 barrels of oil per day more than 2 thirds of that was exported to asia with an additional 14 percent to the united states the upcoming i.p.o. has generated a lot of excitement but a recent drone attack on iran co facility and 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 $111000000000.00 euros last year the cascade of cash doesn't only go to financing the saudis stace it also pays for a lot of perks for the general public petrol is cheap healthcare and education are both free for saudi citizens no one pays income tax. the oil concealed beneath the saudi arabian desert has almost been pumping i

has generated a lot of excitement but 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 $111000000000.00 euros last year the cascade of cost doesn't only go to financing to saudi face it also pays 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 one 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 topps 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 riyadh 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 towar

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 expor

assertions that iran was behind attacks on saudi oil facilities plants belonging to state oil company iran co were hit by drones are. cutting output by about a half or so to arabia the u.s. and european allies say iran is to blame however the u.n. secretary general says investigations can conclude that the projectiles used were also iranian origin. well the panel has a very particular mandate and doesn't necessarily see all the evidence that is available we and our partners have made our main assessment having seen a lot of evidence and we have concluded and have stated publicly that we believe iran to be responsible and we think there's good evidence for that. those attacks were among issues weighing on investors' minds as shares in him or around co began trading on riyad stock exchange they opened 10 percent higher than the initial public offering price and it's now the world's most valuable listed company nickel and gage reports. all the bells and whistles are one of the most eagerly awaited stock offerings in history after years of planning and several false starts shares in saudi arabia

saudi arabia's national oil company iran co expects to raise over $25.00 and a half $1000000000.00 after its upcoming i.p.o. was oversubscribed by over 4 times around co shares are now price that $8.53 valuing the company at $1.00 trillion dollars more than apple or microsoft share trading begins on the riyadh stock exchange on december 12th. international food group cargill says it will invest $113000000.00 u.s. dollars in the world's 2 largest cocoa producing countries ivory coast and ghana the money will be used to expand its existing processing plants there the u.s. firm says hundreds of jobs will be created. south african airways is to receive a $274000000.00 lifeline sparred of a government plan to prevent the company from collapsing it's a much needed boost for the airline which hasn't made a profit in several years and has been relying on bailouts to stay afloat the funds will be accompanied by what the government is calling a radical restructuring process last month a strike force the airline to cancel hundreds of flights. and we stay in the region nigeria is africa's most popul

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 topps but no one knows with any certainty had the company is structured and run around co avoid publicity as far as possible its shares will only be listed on the riyadh stock exchange now and 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 salman 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. show food prices are rising fast in the world's biggest emerging markets the spike is hitting important food staples in asia and economists are worried about the possible inflation wrists . onions are everywhere in indian cooking that's so important that if they get too expensive it can lead to social unrest

saudi arabia state oil company iran co is preparing to go public and today we're likely to find out just how much it is really worth last month eyebrows were raised after an announcement that the company would only be floating on the reality stock exchange and not in london or new york so as we await that valuation that's going to quick overview of the world's most profitable company often described as the kingdom's crown jewels last year run co produced some $11000000.00 barrels of oil per day more than 2 thirds of that was exported to asia about 14 percent of it to the united states the upcoming i.p.o. has generated a lot of excitement but it's affected not to make quite as much cash as the kingdom had originally hoped a recent drone attack on a run co facility and investors increasing focus on renewable energy has left many analysts skeptical today the shares will float on the riyadh stock exchange. saudi arabia would be nothing without saudi aramco the oil giant posted net profits of $111000000000.00 euros last year the cascade of cash doesn't only go to financing the saudi state it

says it can't verify claims that iran was behind its attacks on saudi oil facilities saudi company iran co was hit with drone and missile attacks in september the u.s. saudi arabia and european countries have blamed iran for this strike however the u.n. secretary general says it can't independently corroborates that the projectiles use were also iranian origin. well the panel has a very particular mandation doesn't necessarily see all the evidence that is available and we and our partners have made our main assessment having seen a lot of evidence and we have concluded and have stated publicly that we believe iran to be responsible and we think there's good evidence for that. shares in iran co have officially begun trading on riyadh stock exchange opening 10 percent higher than the initial public offering price it's now the world's most valuable listed company nickel gauge reports. all the bells and whistles one of the most eagerly awaited stock offerings in history after years of planning and several false starts shares in saudi arabia state owned oil giant remco have begun trading on riy

let's get a round up of some other stories making news around the world saudi arabian oil giant iran co has become the world's largest listed company after making its debut on the country's stock exchange the state owned energy companies $25000000000.00 initial public offering is the biggest ever in history saudi arabia is privatizing assets as a step towards reducing its reliance on oil. environmental activists credit has told the u.n. climate summit in madrid that richer countries must do their fair share to tackle climate change she also accused states of misleading people with what appear to be impressive climate pledges that didn't add up to much. and at least 6 people including one police officer were killed in an hour's long gun battle in the us state of new jersey the officer was shot dead near a cemetery and 2 suspects then fled to a supermarket 3 people and the 2 suspected gunmen were killed in the gunfight inside the supermarket. in the u.k. there's just one day to go to what's being called the most important election in a generation and politicians are making a final push fo

verify claims that iran was behind the september attacks on saudi oil facilities state oil company iran co was hit by drones and missiles with saudi arabia the u.s. and european allies blamed iran for india's ruling hindu nationalist government has secured parliamentary approval for a controversial citizenship law the bill uses religion as a criteria to determine who can be granted citizenship test or say the bill discriminates against muslims. the u.s. house judiciary committee is debating the 2 articles of impeachment against president donald trump right now this is the latest step in democratic party led efforts to formally charged with abuse of power and obstruction of congress trump says it's a witch hunts teenage activist group that's who has become time magazine's person of the year time praise the swedish environmentalist for inspiring a global movement to fight climate change the 16 year old is the youngest person to be chosen by the magazine you're up to date for the headlines it's back to al-jazeera world next on al-jazeera then it's the news hour i'll see you then bye bye. wher

day added to the existing cuts off $1200000.00 that so oil prices would stay high enough during iran co's initial share offering but a number of countries are producing oil well above their quotas 0 is economics editor of the explains why saudi arabia would consider such a move. it would be really helpful if. prices were stable over the 1st 6 months of its flotation now this is important because they have a lot of retail investors which are small investors who are putting the money into the market possibly for the 1st time taking out huge loans to take a big bet on this particular company and after 6 months if they keep their their money in saudi aramco they will get extra shares and the hope is that a non fall atar market would encourage them to keep their money in in the saudi aramco and so the saudis of very keen to make sure that this flotation is exorcise they don't want to have to put their hands in their own pockets that it's using their state funds to stop mopping up to buy excess excess shares the whole idea of trying to sell aramco was to make sure that there was additional new

assertions that iran was behind attacks on saudi oil facilities plans belonging to state oil company iran co were hit by drones and missiles and cutting output by about half so to arabia the u.s. and european allies say iran is to blame but the u.n. secretary general says investigations counts conclude that the projectiles used were of iranian origin. with the panel has a very particular mandation doesn't necessarily see all the evidence that is available we and our partners have made already assessment having seen a lot of evidence and we have concluded and have stated publicly that we believe iran to be responsible and we think there's good evidence for that recent ballistic missile test by north korea have raised concerns that the united nations security council the united states called on pyongyang to turn away from hostility and threats and reengage in denuclearization talks us also says it's prepared to be flexible in those negotiations crystal salumi has more from the u.n. headquarters in new york. the united states called out north korea in an open session of the security council for

flotations in history and saudi arabia is publishing initial share price of its national oil company iran co on thursday in ousmane coincides with a meeting of oil cartel opec which has the saudis as one of its key members of the listing will be smaller than initially hoped and shares have a limited availability. has more from headquarters in vienna. saudi aramco c.e.o. called it a historic day when last month the world's largest oil producing firm announced its listing on riyadh's to the exchange on thursday shares will be priced below the much hyped 2 trillion dollar price the saudis wanted but some asset managers say even at the lower price the company's overvalued analysts say there's been tension between the saudi government's valuation ambitions and what western investors are willing to pay initial estimates that were given by the saudi leadership hasn't been proven yet and so that's what i mean by taking the feedback going back and seeing if they can make those numbers are from saudi arabia derives most of its money from oil exports and says it will use the income from its public list

happening there russia just a few days ago conducted joint military drills with iran and china and now those talks in the most co of those ministers appearance to have talked about the situation in iraq as you said also about the iranian nuclear deal that the u.s. has withdrawn from and russia has condemned you as strikes in iraq as saying they were unacceptable and counterproductive i also talked to a 2 state department official officials about those talks in moscow and they told me that they would expect any nation to try to isolate iran not to support the regime in tehran because any support of the regime is against the iranian people. to feel normal in washington thank you. now to australia where 100000 people have been told to leave melbourne's suburbs as the new heat wave ignites more bushfires this time in the state of victoria volunteer firefighter was killed battling a separate fire in the countryside the victim of the blazes that began in new south wales the fires have led to the cancellation of hundreds of new year's fireworks displays. if there's one thing that's considered a given at the end of each

iran are growing. to discuss how all these events are connected, i'm joined by m ariatabatabai. she's a political scientist at the rand corpor cohor of "triple axis: w iran's relatioh russia and china." shariane, welcome to the nr. >> thank you for having me. >> nawaz: so we should point ouariane has done ills with russia and china before. this is the first time all three countries are working together. why are we seeing these now? >> well, there are a number of reasons. from iran'sppertive, as you mentioned in the beginning, the united states has been imposing this maximum essure campaign, a policy that is centered around sanctions and trying to isolate iran. so what iran is trying to achieve here is a signal to the united states that it can't be isolated. iraniaofficials have said as much today as the drill has started. they tried tsay, lisn, we have the backing of russia and china two superpowers, and, so, we can't besolated. for both russia and china, it's also a way to flex muscle, to show to the u.s. and their national comaw community that they're key players in the region. >> nawaz: the secretary of the navy also said as

our top stories: the us and iran carry out a prisoner swap in a rare sign of co—operation between thetefere in next week's election? anthonyjoshua regains his world heavyweight titles, beating andy ruiz — the man who took them from him six months ago. tonight was just about winning, and trusting my process. i know maybe i could have done more at times, but sometimes simplicity is genius. and tens of thousands of people around the world spend the night

our top stories: the us and iran carry out a prisoner swap in a rare sign of co—operation between thewo countries. the secret british documents leaked online — but was russia trying to intefere in next week's election? anthonyjoshua regains his world heavyweight titles, beating andy ruiz — the man who took them from him six months ago. tonight was just about winning, and trusting my process. i know maybe i could have done more at times, but sometimes simplicity is genius. and tens of thousands of people around the world spend the night sleeping outdoors, all to highlight the problem of homelessness. let's bring you some breaking news now — we're getting reports that at least 35 people have died in a factory fire near india's capital new delhi. according to new delhi's deputy fire chief, sunil choudhary, 50 people have been rescued by his crews. the afp agency says the fire broke out in the north—west area of the city in the anaj mandi area — at a location where the roads are narrow and lined with many small manufacturing and storage units. it's understood the building was filled with

co. here's what's coming up. the true toll of a brutallll crackdn is now emerging after iran's massiveasoline price hike. the "new york times." >> plus -- >> for us creating the conditions andnc circums for onsue. >> from migra to climate in europe owes self-declared illiberal democracy, my conversation with hungary's foreign minister. then -- >> americhas a societywas founded on slavery an genocide. that's the essence of what erica is and whe i comes from. >> artist dread scott on how hundreds came together to recreate a forgotten but formative slave

co nsta ntly misunderstood trump, in a sense. constantly not giving him military options on iran and north korea.nt to china site thatjump is pretty reluctant to use american power, much more similar to obama than either side would have perhaps like to admit in the sense that trump has felt he got elected to get out of these endless words. cyber worker, jones, you know, no big convention of war in the middle east. so, i think you're right. matos was certainly very concerned, i could emend a bit directly saying we have to make sure that reason does not chop impulse. that was certainly his deep. highlight another passage from your book, i am going to wait it out. please feel free to mouth along with me as i read. how did this play out? in the end, trump how did this play out? in the end, trume how did this play out? in the end, trump x the argument. the only thing worse than staying in afghanistan was leaving afghanistan. and letting it collapse into a total civil war, should the taliban enjoy my factories and al-qaeda and isis would gain in strength does not so, over time, trump came around to the

co houses u.s. forces which resulted in the injuries of 6 iraqi soldiers and following that particular attack secretary of state issued a very strong statement basically warning iran to not attack u.s. forces as well as its allies here in iraq or quote those actions would be answered with a decisive u.s. response or not we actually have 2 casualties in another such attack it remains to be seen how the u.s. will react meanwhile iraq's president has been blamed for causing a political standoff he refused to approve the nomination of assad as prime minister groups backed by iran say president barham salih is serving the interests of washington and aims to bring the country into chaos it comes as anti-government protests as gathered in baghdad retracing demands for an independent prime minister more than $450.00 people have been killed since protests 1st broke out almost 3 months ago and we want an obvious prime minister independent no one citizenship we want to be an iraqi official you can feel our pain you can relate to us someone who doesn't have any loyalty to others. so that. chaos in montenegro is parliament as serbs protest a new role which could affect the pro

co houses u.s. forces which resulted in the injuries of 6 iraqi soldiers and following that particular attack secretary of state issued a very strong statement basically warning iranto not attack u.s. forces as well as its allies here in iraq or quote those actions would be answered with a decisive u.s. response and not a we actually have to casualties in another such attack it remains to be seen how the u.s. will react thank you from baghdad samina fulton. now to colombia riot police are under increasing pressure that over a violent response to protesters taking part in an national strike one student has died dozens of people say they've been blinded after being hit in the. wrong p.s.e. reports. a university student dragged into an unmarked car. another protester brutally kicked in the face 3rd killed by a police project since the national strike started over a month ago colombia's riot police known as is mired has been under pressure for its violent response to the mostly peaceful demonstrations. a martial arts trainer alejandro radius marched in the 1st protest but had been playing pool for 2 hours when he was attacked by the police as he fled the bar flooded w

cos and so the money he in the interview in may 2014. said that he was a part of a brigade that fought alongside iranian forces against saddam hussein during the iran iraq war and earlier this year in may he acknowledged iran's support in providing weapons for the fight against isis he referred to us and for the money the head of the earth could force as his brother then said he and other commanders had opened the doors to the weapons depots and given them all the arms that they would need it so their relationship at least with some of the commanders of the popular mobilization forces with iran go back to the 1980 s. and even in march this year when south western provinces some of the south western provinces of iran were flooded with the popular mobilization forces sent assistance and sent volunteers and other assistance expression to iran's revolutionary guard in those flood stricken areas so there's a longstanding relationship but despite that relationship iran is yet to make an official reaction official statement in response to those airstrikes. beg who is live for us there in tehran thank you very much indeed for that update. now thousands of

co houses u.s. forces which resulted in the injuries of 6 iraqi soldiers and following that particular attack secretary of state issued a very strong statement basically warning iran to not attack u.s. forces as well as its allies here in iraq or quote those actions would be answered with a decisive u.s. response or not we actually have to casualties in another such attack it remains to be seen how the u.s. will react. meanwhile iraq's president has been blamed for causing a political standoff after he refused to approve the nomination of assad donny as prime minister groups backed by iran say president barham salih is serving the interests of washington and aims to bring the country into chaos it comes as anti-government protesters gathered in baghdad where trading demands for an independent prime minister more than $450.00 people have been killed since protests broke out almost 3 months ago and we want an obvious prime minister independent no one citizenship we want to join the an iraqi official who can feel our pain who can relate to us someone who doesn't have any loyalty to others. rocky city of najaf is home to the grand ayatollah ali al sistani the highest

so, but in iran when you think about the average salary is about $250 a month and many iranians, they are making a living by working g ining as co that that 300% increase affects their lives. again, we still don't know how this is going to affect the prices because it's only one month after the price increase, but i think in order to understand this situation, the revolutionary guards video unit, called avant, they did a documentary which was released i think yesterday and they talked to some people from the city where many killings happen and people were killed by tanks and heavy machine guns. so, let's watch the video and then i will provide some context for the video which i heard about just about maybe one hour ago or so. let's watch this video. >> started a tv and film unit since about 10, 15 years ago, and they've become really active in the past few years. they have film units that make very expensive multimillion dollar animations, television series, as well as these kind of documentaries, but what is interesting about this documentary, according to a friend of mine who called me about one hour ago from iran, is that the

iran. have the luxury of having both the us a secure $30000000000.00 loan guarantees united states for why it's training equipment money and intelligence to an iraqi security force that has been co-opted by custom civil monies militias there are photos today of iraqi security force members are vandalizing the us customs so long as militias have said we can wear any uniform within iraq the security force is united states has an opportunity here to tell baghdad that we will stop the u.s. train and equip program we will not guarantee loans and that will help rebuild your economy and we will show a disfavored campaign towards baghdad while supporting the protesters again the protesters outside of the green zone. are protesting the very same militias that have been cheering them that are protesting outside the us embassy they want your run out they say things like iraq iran bamma which means iraq is free and iran should be out we need to listen to them we need to have a disclaimer campaign with baghdad until they arrest people white i will bet your mohandas and maybe even legal this militia thomasville law cousin so the money should not be allowed to step foot inside of iraq it goes