death row in saudi arabia -- saudi arabia being saudi arabia, death row includes beheading and crucifix. that will be his sentence. this is the regime that you're being asked to send weapons to. people say, oh, they are buying them. the technology is ours. it's american technology that was developed for the defense of this country and the companies would never have the technology had we not paid them to have it. the american taxpayer has a right to that technology and while almost other place in the marketplace, the government has no right to tell you who to sell it to, arms is different because it is from the u.s. taxpayer. i don't think we should sell arms to saudi arabia if it might wind up in the hands of isis. i don't think we should sell them to saudi arabia if they punish people for protests, if they punish people for speaking out if they behead them. now, some will say, if we give them for accurate missiles, they will kill less civilians. that presumes they are not targeting civilians. you think it was a mistake -- you think they accidentally bombed a funeral procession? you thi

saudi arabia. in yemen's civil war. and senator rand paul of kentucky. >> pursuant to the arms export control act of 1976 i moved to discharge the foreign relations committee from further consideration of sj resolution 42 relating to the disapproval of the proposed military sales of the government of saudi arabia. >> under the previous owner, equally divided between the proponents and opponents of the motion to discharge. >> mister president, today is an extraordinary day. an auspicious day. for we will be discussing issues of war and peace. believe it or not, i rarely discuss these important issues, we have been a war for 15 years and a handful of debates, most of them in direct, forced under duress, the leadership of both parties could avoid him. this is called a privileged motion. today we will discuss the involvement in the middle east and they engage in a new war in yemen. we will discuss and i'm sale to saudi arabia that threatens the lives of millions of yemenis that discuss something even m

death row, in saudi arabia, pain saudi arabia includes beheading and crucifixion.that will be his sentence beheaded and crucifixion. ame this is the regime that you're being asked to send weapons to. people say they're buying them, the technology is ours. it's american technology that was developed for the defense of this country and the companies would never have the technology had we not paid them to have it. the american taxpayer has a right to that technology and well, every other good in the marketplace says the government does not have rights tell you who it solid two, arms are different because they're all developed by the us taxpayer. i do believe there should be rules but gets our arms. i don't think we should sell them to saudi arabia if they might wind up in the hands of isis. i don't think we should sell them to saudi arabia if they punish people for protests, if they punish people for speaking out by beheading them and crucifying them. them i'm not for selling them a rifle, much less precision guided missiles. now, some will say that we give them more

death row in saudi arabia -- saudi arabia being saudi arabia, death row includes beheading and crucifix. that will be his sentence. this is the regime that you're being asked to send weapons to. people say, oh, they are buying them. the technology is ours. it's american technology that was developed for the defense of this country and the companies would never have the technology had we not paid them to have it. the american taxpayer has a right to that technology and while almost other place in the marketplace, the government has no right to tell you who to sell it to, arms is different because it is from the u.s. taxpayer. i don't think we should sell arms to saudi arabia if it might wind up in the hands of isis. i don't think we should sell them to saudi arabia if they punish people for protests, if they punish people for speaking out if they behead them. now, some will say, if we give them for accurate missiles, they will kill less civilians. that presumes they are not targeting civilians. you think it was a mistake -- you think they accidentally bombed a funeral procession? you thi

saudi arabia has a border with yemen. the iranians are backing a force called the houthis to bring down a pro-western government in yemen. everywhere you look you see iran encroaching throughout the mideast. this theocracy in iran is the biggest threat to world order, and that is saying a lot, given the world as it is. and i say that with confidences because what iran is trying to do is destabilize the mideast in unprecedented fashion, and our arab allies are tired of it and now is the time to stand with them, with their imperfections, i guess i ran with their hostility. so this $500 million chunk of the $110 billion weapons sale is absolutely essential that the saudi air force did these weapons not only to minimize o casualties, but when the fight against the aggressive nature of iran in human and other places. i don't know where we are going with iran but th the president d that the current nuclear deal is absolutely a terrible do. he is right. this deal marks -- if they don't cheat, they don't have to cheat. in ten or

and give essentially unconditional backing for saudi arabia yet since that time saudi arabia has led to a group of countries to isolate qatar. and cut it off in a very counterproductive move and they have been just yesterday rapped on the knuckles so to speak by secretary of state tillerson who said through a spokesperson that there is no justification for this so we're seeing two different kinds of dynamics and that that weakens the american ability to engage with the gulf states in fighting against isis and in dealing with and containing iran it really does create a hold on let me let me stop you there and why would this harm our ability to fight isis as it isis also an enemy of saudi arabia it is and yet at the same time we need to have g.c.c. gulf cooperation council unity in order to effectively prosecute that and our primary base in the goal for the united states is in all of a their base in qatar and right now that's been essentially cut off by saudi arabia and so when scotter and saudi arabia and united arab emirates are at loggerheads and they don't have the unity we can't f

i think that's view we have on saudi arabia in general.ext on the best of bloomberg markets middle east. u.a.e.'s -- u.a.e. sues the kurdish government in iraq for $26 billion. details ahead,ed this bookberg. ♪ >> welcome back to the best of bloomberg markets: middle ast. they are seeking damages of at east $26.5 billion from iraq's self-governing kurdish region. the story emerged on wednesday. >> that figure is a huge figure in terms of damages. that's a court case in court now, we don't have any visibility on what kind of damages they'll get and how much they'll get. this was a filing they made with the u.s. district court in washington, d.c. at the same time they are going arbitration court in london. this allows dana gas to register the case with the u.s. courts, that would allow dana gas to go after kurdish assets if the kurds don't pay up on some of the awards they've been given and some others they expect to come down the road. >> so the case is in court right now. what happens next? >> we're waiting for the decision on exactly thos

were dealing with iran.r saudi arabia has a border with a yemen. the ukrainians are backing a fourth force called the police and from a saudi perspective everywhere you look you see iran encroaching throughout the middle east. the bureaucracy in the iran is the biggest threat to world order and that is saying a lot, given the world as it is. i say that with confidence because when iran is trying to do is destabilize the middle east in an unprecedented fashion and our arab allies are tired of it and now is the time to stand with them, with their imperfections against iran with their hostility. this 500 million-dollar chunk of the $110 billion weapons sale is absolutely essential that the saudi air force get thesehe weapons, not only to minimize casualties but to win the fight against the aggressive nature of the iran and yemen and other places. i don't know where were going with iran, the president said the current m nuclear deal is absolutely a terrible deal and he is right. this deal marks a newer weapon o by the radiance and if they don't cheat,

that is going to be important for saudi arabia.ders will come back to their seats earlier then usual. >> do you think we should see a pickup in the middle of ramadan? >> i think individuals come back to the market then definitely. that is why volumes have been lower. i think they are still adjusting and with that, a.b. be they come back to the market. >> how do you see that review playing out in the market aside from volumes? >> we think this is going to mean foreign investors will look at saudi arabia more closely. at the moment you have all the world to look at not on your benchmark. there's no urgency to look at saudi arabia. in dollar terms it is less. i think there is a lot of room for foreign influence and saudi arabia. depending on positioning we expect 25-50,000,000,000 dollars. >> that is it for this best of bloomberg markets middle east. we'll be here for the start of the trading week. join >> coming up on bloomberg best, the stories that shaped the weekend business around the world. political tensions that the world on e

you look at qatar and saudi arabia, qatar is improving in human rights. so many ways you can look at, travel to qatar, and i see people have more freedom than saudi arabia and egypt. byhink by attacking qatar this way, it will not help. it seems to me that saudi arabia is pretending they are president of the muslims and they can do whatever they want. they can block qatar anyway possible. i think it is a power that they .ant to control qatar look what they did to yemen, saudi arabia, and they cannot damaged yemenis forever. we need to be mindful and to seek this is nothing but saudi arabia interfering with qatar issues, that is why we have to stop. it costs us more money -- right now qatar is talking to russians, and i don't know what is going to happen to the future can to you that as politics, this is not good for our country. host: thank you for weighing in. guest: yes, and certainly, that is the basis for secretary ti llerson's comments. we agree, it is important for saudi arabia and uae and others to lift the economic embargo on qatar and get back to

versus saudi arabia to saudi arabia versus iran is going to be a mess but look at the edge over the united states except where you know the united states it was a favorite if it's not a family affair between russians and ukrainians who have been living in the same state for four hundred years that is an international affair but you know i think the solution to it is colonialism because part of colonialism is not just disdain for that colonial ice nation it's when you allow all the local princess fight each other you know since they're separatists anyway let these separatists fight each other that's the attitude of the united states the poor weapons bought into qatar or at least i want to really know i mean you know they all say it's a really unfair the whole reason for the united states to be in the middle east is to ensure the free flow of oil here i mean when we're talking about this and you really see where i guess is the very center of it no. for me it's very simple ali it's just not fought out as usual it's not it's not that usually when you in a negotiation process when you make such

does not come close to the juggernaut that saudi arabia is. its major field as of 1958 producing 6 billion barrels a day. aramco is proving itself to be an economic juggernaut. but it is also proving to be incredibly successful and expansive in it aid of modernization and development. that was bestowed on it by its first leaders. we see schools and scholarship being provided by aramco. scholarships for american nursing students in beirut. twools for girls, built-in locations. by 1960, thanks to aramco support, and the saudi government, we see the eradication of malaria. this is a multifaceted initiative taking place. leadership is also starting to shift. saudis join the board of directors. they take higher stakes of the company. by 1973, the saudi government will have 25%. by 1980, it will have complete control over aramco, and it will be a saudi company. this is the future, one that seems rather bright in 1960. but of course, there is this organization called opec formed in 1960. that is going to transform the politics of saudi arabia, along

as far as saudi arabia is concerned, only four of the attackers were not from saudi arabia. the rest were. i think it's the right thing to do for now. host: that's brett giving thoughts on this parts of the travel ban being put back in play. as court decision to hear by full justices takes place in october. you can give your comments toth next few minutes before we move on to first segment of the morning. for republicans 202-748-8001, for democrats 202-748-8000 202-748-8002 for independents. one of the things that the justices did not take up yesterday was this idea of shooting that took place on the boarder. this is ann and robert barnes. saying the court decided monday involving cross boarder shooting of unarmed mexican teenager by u.s. boarder patrol agent. reconsideration. the narrow ruling came in unsigned order that was accompanied by three justices suggested conflicted court when comes to questions of how the country polices the daily turn along the boarder. the high court acknowledged disturbing heart breaking loss of life. it would be prudent to decide whether the 1

saudi arabia announces a succession shakeup.les into bear market. >> the sentiment is relatively negative. >> too much oil in the market. >> the person -- springs of economies across the globe talk about the targets and challenges. --i don't think it's time monetary policy. >> at the end of the year will go into market.

and by the allies of israel and saudi arabia the united states especially as the great threat to the status quo in the middle east and the whole conflict in syria to a very great extent in my opinion was about breaking that link between syria and iran and that is what has kept the war going for so long and what keeps it going still well you could if you could throw in hezbollah in lebanon here christopher you know but the interesting thing is is that if you look at in this century every particularly the illegal invasion of iraq all the way up to the present all of the countries i mentioned saudi arabia qatar israel and the united states and it's with other western allies of all the further the the advancement of the reigning in power in the region i mean every step backfires on them i mean it seems to me that what they want to do is they want to be able to be a proxy player inside of syria just for the reasons that our xander just said here but given their past or our track record i wonder if it's going to work it never works go ahead. well yes i think i think a very big part of the

arabia's future. we are going to continue our business in saudi arabia.g to top that with more developed. >> there's one more grocery store i shop atin abu dhabi. there's been speculation you might be interested in spinny's. is it true? >> i don't know. what i do know is you have to change your shopping habits. >> let's talk about what is happening back and debbie -- uae.u dabhi, in the retailers have been forced to slash prices. we, that is what we do, i would say and so far we have been managing to reserve our growth. very soon we'll be announcing our numbers. your revenue right now comes out of the uae, followed by saudi arabia, qatar. do you see any shift in this sort of structure? >> it will continue to be the case. we have a plan in quarter to make sure our revenue is continuing to be generated from depth and alsove sustainability and this is something we have been delivering against. be, iwill definitely would say, a readjustment in terms of some of the markets we are operating in that are specific to those markets. i expect maybe qatar will become

saudi arabia and many to many terrorist acts many times now we come to it to yemen saudi arabia and yemen share hundreds and or a thousand miles of borders and the which is supported by iran and being supplied by very disable or lethal weapons like like the scud missiles support. supported by iran and given to the many to the whole by iran and the out of thirty that war doesn't just like they did like fields ago and when they're kept so did it be at that time we actually. allow in food to get into account for such weapons be sent to yemen no no no you didn't do it in a saudi surely surely not allowed on the if you added to the no no certainly no matter who they are you know you do and you do it and they would know audacity you don't know if you actually run when you just. really knew that it had been you know in its military or tele country ok now i'm just going to let alone. pronounce are you only the start of the by the way we wanted the war in yemen we would never want to be in a conflict with a neighboring believe it or not saudi arabia for that for many decades have supported yemen a

i would say you are seeing clarity, not from saudi arabia alone, saudi arabia, the uae, egypt and otheranding and saying we cannot have a small country in the region that is supporting non—state actors that are supporting groups like everyone to militias in libya, cutting deals with militias sitting in a row, saying there comes a point where we have to call a spade a spade. which is interesting because i think outside of the region, many of people say the problem is saudia arabia. we have a country in the region that has been supporting extremist elements but also the idea of non—state actors, whether you have the taliban having a representative office as though it is an embassy. these are signals that actually have detrimental effects on people's lives and that is what we are seeing translated in the region. jeff, is this the consequence of president trump's recent visit to the region and has very strong message of support to saudi arabia? the reporting is that the saudis felt empowered by the green light that they got from trump who also pushed very hard to say that mohammed bin salma

weeks ago in saudi arabia denies the accusations and in the most recent development saadi arabia detained three iranian citizens claiming they're members of iran's armed forces something iran has denied only official rhetoric between the two states has also repeatedly intense. the iranian regime's aggressive policies in the region aims to undermine security and spread strife and wars saudi arabia is a country where i don't think the word election has any meaning they've never seen a ballot box saudis kill the children and destroy the houses infrastructure and national resources of yemen this is a serious crime we would welcome the opportunity. to see iran act like a normal country to be a peaceful country to not interfere in the affairs of the countries of the region and to not support terrorism. well to discuss this further we're joined by political analyst saeed mohammad marandi from tehran and also by adelaide him he's a retired commodore from the royal saudi ne gentlemen thank you very much indeed for joining us this morning if i can start with you sighing various countries have been

forced to go out in the saudi arabia. the way in which you break the ice, get oil, is first coming to terms and to exchange ideas about the world itself. and about god, itself. in many ways, the geologist becomes the frontline of discovery on many terrains. thomasrs, executives, barger, who will become ceo of aramco, a very devout catholic, finds ways to encourage these types of interactions in aramco's offices and camps between catholics, protestants, and muslims. all of this has to take place on a very informal, unofficial way. because of rules by saudi arabia that prohibit religious expression of the sort. nevertheless, he finds ways for these exchanges to take place. he will also help many catholic aramco workers being invested with different philanthropies geared toward the middle east. george rentz is in charge of communications. he is an arabist, a scholar, a child of a missionary. he is committed to making aramco champion the vision passed down to them from william eddy. even workers like grant butler, a jack of a

they are similar religious bloc to saudi arabia.igious bloc to saudi arabia. they a similar sunni view. but they have given up many points. punching above theirweight, is given up many points. punching above their weight, is that we giving? something like that. they have the 2020 world cup coming up. they're one of the richest worlds per capita. then half of london. they have a lot of clout for the reasons you have explained, but when it comes down to the basics in life, it is importing them all. absolutely. it has a close border with saudi arabia. food insecurity very important. the lbg that is finding all of this, finding all the investment that is going to go to the stadium, that is all the back of that. and if that is good to be more expensive, everything will be more expensive. —— lpg. expensive, everything will be more expensive. -- lpg. why has this flat out now? is thatjust because these countries felt that they had the backing of the us president, saudi arabia and so on? there are a lot of people saying that. well done. so

if you go to saudi arabia now, you can see it i5 to saudi arabia now, you can see it is changing. say it is baby steps. stay with us on 0ut5ide source — still to come... we will look at why travis kalanick, the chief executive of the has resigned. emergency services are at the scene of a crane collapse in crewe where three people have been trapped. cheshire fire and rescue service and the police remain at the scene of this collapse in crewe after being called out for 30 pm stating that people were trapped underneath the game. it was working at the new house development. 0nce game. it was working at the new house development. once the emergency services arrived, the driver of the team was airlifted to hospital and i5 driver of the team was airlifted to hospital and is receiving treatment for his injuries. north west ambulance service would only say that an adult and child were also taken to hospital for a that an adult and child were also taken to ho5pitalfor a checkup. we do not have confirmation if they we re do not have confirmation if they were pa rt of do not have confirmation

saudi arabia qatar everything has turned upside down you don't have. you have turkey and iran siding with qatar you have russia tried to mediate but leaning a little more towards the qatari side you have the united states and trump tweeting about how saudi arabia should be supported qatar is the enemy and cetera but giving twelve billion in money and weapons to them so you have a whole different dynamic now which is just really been a tectonic shift from what syria was to work with these two countries are nominally american allies. well i think what we're seeing now is a breakdown a very long tradition in the western media would have been hearing for i think about sixty years do more chrissy don't fight each other american allies don't fight each other so do futile countries you know the cold would use countries like . china where it's all it's but they were bad well now we see how america now why saudi arabia and qatar are basically fighting each other and the problem is that the port spawns some very very unseemly groups the only difference is that q

first of all regarding his talk about saudi arabia saudi arabia as not as a saluted and being. you know technically isolated by the whole world because a so technically they acted as an outlaw state when when they acted in for example in libya what does. doing in libya and being supported by iran and being a country or a government and a military force with an ability to force in lebanon and their interference and about how do you know which they still consider part of iran let's look at the second thing is there a over to over over over taking over ticking over over taking. over to iraq i mean they are technically all in iraq right now and they're into theaters in syria as wrong as far as an emerging war wrong so did a lot of the urine stream of the. i'm not going to i'm not i'm not finished i'm going to finish by the way al qaeda and i says never attacked iran can you explain why doesn't i says attack doesn't attack iran but they have attacked. attacks saudi arabia and many to many terrorist acts many times now we come to it to yemen saudi arabia and yemen shared hundreds and

china where all its but they were bad well now we see how america now why saudi arabia and qatar are basically fighting each other and the problem is that the port spawns some very very unseemly groups the only difference is that card are sponsors of the so-called muslim brotherhood hamas is an offshoot of brotherhood in palestine in egypt muslim brotherhood even came to power democratically at a certain moment saudi arabia sponsors were hobbits so we have a very similar situation with have the united states light with countries that indeed spawns extremist groups we have the us president and the media elite saying that it has been funding terrorism and then seven weapons to qatar to the tune of twelve billion dollars it really opens up i've said to many people that in particular in america generally in western media is they don't criticize israel too much and don't say anything about it so here. in the headlines and you don't have to dig very deep to find out what kind of regime the united states is supporting there in my opinion. of the good of this region because as you called . t

tried to block an arms sale to saudi arabia. yoyour thing governments across the globe does in u.k., arm cells are also sububject to judicial review. takething countries really steps but it is not enough because in the end, the u.s. arms sales go forward. in the end, donald trump went and said, here's $110 billion in arms. still providing significant backing to the coalition that are carrying out these attacks. also blocking and impeding the flow of aid into a country that is facing famine and cholera. amy: and the major winners, since trump talks about winners and losers, the weapons manufacturers in the u.s.? >> basically. you are seeing in a very gross of profitioritization over civilian lives. it is sort of, at what point do you take the step and say, it is not worth it to sell another weapons deal when and not only means that the message you're sending to yemeni civilians is that you don't care and what you're saying u.s. officials involved in these deals, don't worry, just take the risk of potential legal liability and mov

saudi arabia and egypt. its strategy is based on a basically perception that by creating a coalition not only against iran and against isis, basically the united states will be able to change the dynamics of the region. this particular strategy is to be tested. the middle east is a mine field. most presidents -- you're talking about from president clinton to president brush to president barack obama, and now president donald trump -- will realize sooner rather than later that the middle east is very complex and a very difficult area to manage from washington. >> fawaz, thank you so much for your time today. >> thank you. >> we appreciate it. >>> the son of the late libyan leader moammar gadhafi is free after six years in captivity. a militia has been holding him since 2011. >> statements said that gadhafi was released under a general amnesty law. the libyan parliament passed. he is still wanted by the international criminal courts for alleged crimes against humanity. >>> british prime minister theresa may is

stay with saudi arabia and iran.reverberates throughout the region. and because one way by which they wage this competition between them is through proxy fights in the rest of the region, be it in yemen, be it in syria, be it in iraq, or even be it in lebanon. so we are likely to see as tensions and as things escalate between the two countries, we are likely to see that being played out again in yemen and being played out in syria and being played out in iraq. what's problematic here is that instead of the two regional countries-- iran and saudi arabia-- focusing their resources and working together on fighting a common economy to both of them, which is isis, we are seeing this now escalation in the relationship between them, leading both to divert their resources and their attention from the real joint enemy which is isis and focusing it on waging this fight and this competition between them in different proxy sites around the region. >> kaare, im, i wonder what you believe the trump administration's response to all

they are suspending operations to saudi arabia. said the carrier will suspend operations to and from qatar from tuesday morning. emirates will suspend flights tomorrow. >> what is the impact on the stock market? >> markets in europe are trading in the red at this hour. stocks are reacting to the terror attack as well as the news that diplomatic ties have been cut off by five countries. smallere slightly losses on the ftse in london. world bank protects global growth will pick up this year. the bank released its economic prospects report. 2.9% is predicted for 2018. -- we go to london , thank you very much for speaking to us. a developing story, five countries have severed up a medic relations with qatar. how does this affect the region? clearly, the commodity markets of responded. there is a sense of geopolitical risk rising. this is how they interpret the risk. chance in longer-term the oil market, the tension and theopec supply cuts increased shale production. it's remarkable how much productivity in the u.s. has reduced the cost

i think he will be leading saudi arabia for the next several decades. >> saudi arabia is trying to engineer higher price of oil look like it's having trouble doing so, especially lately. what does it mean for global energy markets >> first i would say saudi arabia is committed to piloting this opec cut through. now the question is what is saudi's time horizon the ipo of saudi aramco is a to 2018 event so they can deal with some of these prices sit tight, let the cuts reverse. i think they'll be ready for 2018 >> do you think we could slip below $40 from here on wti >> depends on where sentiment goes i think sentiment is ahead of fundamentals i think this market is much more constructive on supply and demand we are in a bear sentiment trap. i think there is the potential we could drift lower >> glad we found you in sydney >> a great live shot behind you. >> talking saudi arabia on "worldwide exchange. >> exactly >> thank you >> now to china, a long-awaited decision msci agreed to add mainland chinese stocks to the index. eunice yoon is in shenzhen tell us about the reaction to this big decis

saudi arabia is important, we need to ta ke saudi arabia is important, we need to take in notice of whot people in the region know quite well for the last two years after he was named deputy crown prince, minister of defence, quite close to his father. he is also someone who is young and someone father. he is also someone who is young and someone who has brought a diners to saudi, part through the vision 2020. some people like to say it is just semantic. vision 2020. some people like to say it isjust semantic. absolutely. not talking about the economy, you can't just liberalise the economy and lease society behind which i think is an issue around the world because of the new think let's get economic ‘s deletion thoroughly society. that impetus to try and change it. it comes at a time when the region is going through so many events. you started by referencing the tragedy of mosul. also the need to try to make the politics of the region not about secretary and brutal ideologies and try to think how do states function. at the heart of what we are saying in —— seeing in the middle east... s