>> well, egypt is committed. it's part of its foreign policy objectives to consolidate the peace treaty with israel and to continue to regard the peace treaty as a fundamental component of stabilizing the region. and it has, i think, served for that purpose and continues to be the guiding example for wider peace in the region on the end of conflict. but it's not only that we have supported the initiatives. most recently, president sisi indicated very directly his vision for the end of the conflict and his readiness to be an active participant in bringing together the two main proponents, israeli government and palestinian authority, in whatever form of renewed negotiations that they would deem appropriate and they would be willing to engage in. it remains stated publicly that this is how we view the way forward to the end of the conflict. but there are many other initiatives. there is the u.s. administration, the current administration's efforts led by secretary kerry. his determination. there's a french initiati

is that something that egypt should wind -- find useful?>> the main two sides would embrace and implement such proposal. again, i think we have a multitude of -- of resolutions that have set the tone and address many of the dimensions of the conflict but have not had the necessary impact to -- to forge ahead in resolving the conflict but any proposal or initiative or direction whether in the security council or elsewhere, i think it's necessary that both sides are fully committed to recognize the value of such a process to their interests. >> mr. shakri, you have been generous with your time and insights and we are all very grateful to you. thank you very much. >> thank you very much. [applause] >> thank you. >> later this morning a group of lawmakers talk about expectations of the first hundred days of the trump administration. 11:45 a.m. eastern on c-span two. they'll be joined by the cochairs of the commission on precedential debates. live tonight at 8:00 o'clock eastern on c-span3. >> follow the transition of government on c-span as pre

but the potential is great in egypt.sef: this you would agree is an inflection point for the country? you can look at the data, foreign investors are a lot of the buyers of these stocks. egypt has some well-run companies, historically a great place to invest. now that we have seen the depreciation in the currency, it is a reasonable entry point. yousef: a fascinating chart we put on bloomberg this morning shows how those can benefit. dollars,a look at u.s. put it into play with saudi arabia and currency. it is aook at that, very unlikely trade, but some of the best in the world. thehat a reflection of turnaround story and saudi arabia? tarek: i do not think so, but there's been pressure on the saudi riyal for most of this year. you see higher rates to attract deposits in the region. the market is now telling us peg the pressure on the tee -- is off for the time being. saudi arabia, from what i understand, it is considering increasing diesel and gasoline prices for a second year in a row. , as it takes a look at -- trying

like egypt? egypt's foreign minister, he's here. he's joining us, live.e'll discuss this -- here he is. welcome, mr. foreign minister. we'll talk in a moment. >>> when egyptian -- when president-elect donald trump won the election, among the first foreign leaders to call and congratulate him, the egyptian president ceci. since the egyptian military took power in the coup the relationship between cairo and washington has been rocky at times but that may change with a new administration. i'm joined by egypt foreign minister, former egyptian ambassador to the united states. minister, thanks very much for joining us. how's the relationship right now during these final weeks of the obama administration with egypt? i know there is still some serious problems. >> we're always interested in announcing a relationship. i had the opportunity to see secretary of state kerry when i was here signing an agreement to protect the harriet of and antiquities in egypt and the relationship has always been one where it's been valuable to both sides and where we have extracted

but not egypt, though. we remain convinced of the futility of political engineering and we do not think any non-libyan party is in a position to award or exclude libyan stakeholders. thus our vision for libya is based on an unwaivering agreement and follow a sequential approach. our duty is to encourage the presidency council to fulfill its duty to present a new, more inclusive and representative government of national accord. subsequently we should all shift our attention to ensuring that the house of representatives meets to endorse the government and undertake its constitutional work in preparation for libyan elections that would bring about elected libyan governing bodies that exercise their full authority over a united and territorially intact libyan national state. meanwhile, we should devote our efforts to supporting the libyan national army's efforts in the fight against the growing terrorist organizations in libya. i could go on and explore other cases of troubled nation statehood in the region, sa

relations with egypt and turkey. >>> good afternoon. my name is chris griffin, again, with the foreign policy initiative. i ask that you kindly return to your seats so that we can begin our next conversation featuring general joseph votel who is the commander of the united states central command, and we are moderated by michael o'hanlon of the brookings institution. we will give folks just a minute to take your seats, a couple of courtesy reminders before you get there, once again, kindly make sure that your phones are set to silent, however, do not necessarily turn your phones off. feel free to join the conversation on twitter at #fpiforum. you're more than welcome to do so. if you're perhaps watching on tv feel free also to visit our website www.foreignpolicyi.org. once again it's a pleasure to welcome today general votel to this discussion on crises and challenges in the middle east. have an excellent moderator in michael o'hanlon who is a senior if he will low at the brookings institution and a co-director on the certificate territo

but not egypt, though. we remain convinced of the futility of political engineering and we do not think any non-libyan party is in a position to award or exclude libyan stakeholders. thus our vision for libya is based on an unwaivering agreement and follow a sequential approach. our duty is to encourage the presidency council to fulfill its duty to present a new, more inclusive and representative government of national accord. subsequently we should all shift our attention to ensuring that the house of representatives meets to endorse the government and undertake its constitutional work in preparation for libyan elections that would bring about elected libyan governing bodies that exercise their full authority over a united and territorially intact libyan national state. meanwhile, we should devote our efforts to supporting the libyan national army's efforts in the fight against the growing terrorist organizations in libya. i could go on and explore other cases of troubled nation statehood in the region, sa

veryt want to have a point on very focus egypt. thatstrike me as a country as a nation we have a dilemma in our relationship. the leader there is in power by virtue of a coup. we are in this uneasy position of that relate knowing how to relate for influence his government. how do you think through this issue on how to make egypt a full partner. not only just in specific counterterrorism initiatives, but more widely and strategically. you for thethank question. as i came into this position, i took the opportunity to reach out to a number of officers that have been in command to get their advice. when of the common themes i took away from it, was the importance of egypt in the region. i received a strong encouragement from all of them to make that egypt is one of the first countries that we visited. it was. it was one of the countries we when i fill this position. i think the importance of egypt -- certainly, there are some challenges as you have highlighted here. the way that i am trying to think about egypt is through a longer-term

but not egypt, though. we remain convinced of the futility of political engineering and we do not think any non-libyan party is in a position to award or exclude libyan stakeholders. thus our vision for libya is based on an unwaivering agreement and follow a sequential approach. our duty is to encourage the presidency council to fulfill its duty to present a new, more inclusive and representative government of national accord. subsequently we should all shift our attention to ensuring that the house of representatives meets to endorse the government and undertake its constitutional work in preparation for libyan elections that would bring about elected libyan governing bodies that exercise their full authority over a united and territorially intact libyan national state. meanwhile, we should devote our efforts to supporting the libyan national army's efforts in the fight against the growing terrorist organizations in libya. i could go on and explore other cases of troubled nation statehood in the region, sa

we just launched for cities in egypt. cities in egypt. we are launching five cities and pakistan. large part of what we are going after. angie: huge fundraiser expected. you also have a lot of foreign in to invest in careem, and certainly other middle east technologies, but what other exit strategies do some point to offset that and maybe sell to a foreign investor? so, the way that we is really toess remain independent and the a thriving local business. that is the way that we built it. we are not necessarily focused exits. we are looking at the potential listing. that is the path we are on. angie: what makes careem different from the borough or other ridesharing apps -- or right hailing apps? mudassir: the first difference is the region is different than other parts of the world. there are two big things that make this region different. the first is unlike places like europe and the u.s., which have a public infrastructure of 100 years ago and the cities have trains, buses, and for chalie kimball we did not get to build those in our cities accept dubai -- except dubai. most regi

but not egypt. we remain convinced of the futility of political engineering and we do not think any non-libyan parties is in a position to award or exclude libyan stakeholders. our vision for the via is based thenwavering commitment to implication of the agreement and follow a clear and sequential approach. to encourage the presidential council to fulfill its duty. subsequently, we should shift our attention to ensuring that the house of representatives meets to endorse the government and undertake his constitutional work in preparation for libyan elections that would bring about elected libyan governing bodies to exercise full authority over a united and territorially intact libyan national state. meanwhile, we should devote efforts to supporting the libyan national army's efforts in the fight against growing terrorist organizations in libya. i could go on and explore other cases of troubled nation states in the region, yemen or iraq, but they all follow the same pattern. troubled nationstates falt

egypt imports far more foods than it exports. value of the egyptian pound has tumbled, making goods even more expensive. that is why poverty is on the rise. lack of confidence in the economy triggered a sharp drop from the pound. investors are staying away, so our tourists. this is vital like the pyramid, but they are nearly empty. a few days ago, the southern city of luxor hosted a bold and festival to help fight declining tourism. this event is to help tell the world about tourism in luxor and shows everything is safe. but egypt remains a hard sell for terrorists -- tourists. unemployment will remain high, especially among young people, and that could lead to renewed unrest. daniel: we are going to dig deeper into this topic. the journalist based in hollywood joining us now in berlin. how bad is this situation for the average person? >> it is really bad. the situation in egypt is really tough for at least 20% of the population were below the poverty rate or line. this number is expected to be higher than what it is, around 15 m

where does this leave egypt reserves?t's reserves jumped significantly after the imf $12 billion loan deal we had earlier. reserves at $19 billion. the last number and $33 billion. that was the highest since 2011. with the central bank saying that it will not intervene again, we will likely see reserves jump up again at the end of this month. that puts then again at the highest levels since the revolution at 2011. that eases a lot of pressure on the country. yousef: one of the remaining challenges for egypt's currency situation, there are still plenty of turtles, correct? -- of hurdles, correct? , we: the central bank says are not intervening in the currency market, we are going to build our reserve cushion. commercial banks are trying to attract dollars that were outside the official system. that is why you see the pound weakening to record lows. they are competing with the remaining strains of the black market. until banks build up enough dollar deposits, and we see more in those coming to egypt, we will likely see expe

conversation and turn our conversation to egypt. country's currency devaluation. ♪ devalued, dwalls anna: welcome back. a live shot of berlin for you this friday morning. the last trading day of the year here in europe. this is how the dax is expected o open, up a .10%. in around 40 minutes time. it is 8:20 in we are lin, 7:20 in london. the big news has been around the euro. we saw the euro spiking against the dollar by as much as 1.6%. let's do the bloomberg business flash for you. here is sophie. >> thank you. nomura holdings has anouned a three-year campaign to eliminate waste and improve effectiveness. he has named it the waterline project. he has spent four years cutting costs as nomura. this year's restructuring in the u.s. and europe has trimmed $700 million expenses. it has been a tough year for china's stock traders. mainland equities surged a median 392% in their first month after listing. that is the best return since bloomberg began compiling such data in 1994. new comers soared even as the benchmark index is town 12%.

effect, would egypt send some to help him?finitely not. let me collar the president when he made the statements was not referring to syria, he was referring to the fact that we consider it is the national armies of the nation state which are responsible to fight terrorism, that is their primary responsibility, they have the better ability rather than relying on any form of foreign intervention in this regard. so we believe that a political solution should be underway and that which is necessarily inclusive of all political factions in syria. so there is no commitment towards any specific political entity in syria. there hasn't been any reference to the current syrian government. >> woodruff: so would you say your position is closer to that of the united states right now or to russia? >> we have been cooperating with both the united states and rug and have been actively supporting a greater understanding between them because of the ability to impact the situation. we have been it is intolerable that the current level of violenc

but egypt remains a hard sell for terrorists -- tourists.mployment will remain high, especially among young people, and that could lead to renewed unrest. daniel: we are going to dig deeper into this topic. the journalist based in hollywood joining us now in berlin. how bad is this situation for the average person? >> it is really bad. the e situation in egypt is reay tough for at least 20% of the population were below the poverty rate or line. this number is expected to be higher than what it is, around 15 million to 20 million people. egypt counts very much on imports from oil to wheat to medicine. the situation with the prices of foreign currency is really critical, as we saw in the report, the amounts of goods and critical things that are not anymore available is really high. and things that are available like medicine or things like that, when they are absent, it is rare prices, and high prices, the average cannot afford them. this is another critical situation. so the press is really hard. the price is continuing to be defined weighted

we are in solidarity with the christians in egypt.we share the same faith in our lord jesus christ. we are the same family. >> many feel a sense of solidarity with the victims in the cathedral bombing in cairo because their church was destroyed in arson in 2002. >>> a san francisco tradition all for a good cause. look at all those toys and presents. the salvation army and compass real estate are partnering for the ninth year to give toys to needy children in the city. fund-raising began monday and already $140,000 has been raised. toys will be distributed to families starting next week. >>> coming up, we want to look at the forecast because we know there's more rain coming. >> we have a small little window here where we are not getting sun today but the rest of the week all bets are off. >> and heavy rain possible, especially for the north bay. that is where the storm will be focused for the first part of the week. we'll talk about the power impact as we go into the forecast. >>> live look at the san mateo bridge. those taillights, no

we signed peace agreement with egypt. and we gave up sinai territory six times more than all israel today. we signed a peace agreement with jordan. we with drew from gaza strip until the very last thing, cost 67 lives. we gave up half of judea and samaria and we evacuated 21 flourishing settlements from gaza strip and transferred 10,000 jews. i think we proved our desire to achieve real peaceful and reasonable solution. but for this kind of solution, you need, as i mentioned, a real strong partner. and i don't see today on palestinian side, this kind of leaders. >> one of the thing that's interesting about any potential peace process other. arab states would likely have to be involved and many don't even acknowledge, let alone your right to exist, they don't acknowledge that they've even had conversations with people like you. have you ever talked with any members of the saudi royal family about a peace process? >> i don't remember. but we have many contacts with our neighbors in the region. [ laughter ] this is normally

an explosion ripped through yesterday next the egypt's main cathedral. it happened as the chapel was about to end. at least 25 people were killed. as kpix reports, local christians with ties to the middle east held a somber remembrance yesterday. >> christmas joy interrupted by world events. they took pause to remember mens of a church bombing in egypt. >> a song of solidarity and support came from egypt where christians are often a persecuted minority. >> it's very dedicating. >> williams was born in egypt where christians make up the people. >> unfortunately, the church of the redeemer knows something about being the target of the hateful attack. there was an arson in 2002. >> our church got destroyed by fire and somebody who after 9 -- 11. >> they hope it will help the faith of those who survived the attack. an entire section of pedestrians is gone. warning signs are posting. a lot of the corrosion caused by the weather conditions and looks like we're going to have more this week. >> all week long. we're definitely in an unsettled weather pattern. mor

manus: how do i participate in the upside of egypt?bond markets -- next year, if this goes well, how much more can we see you come for next year? amr: it depends on our financing needs and the development of basically one thing like how much investment will come into the country. investment or not. we would come to the market. $5 billion? $10 billion? amr: we envisage a number like that between now and the next year, 2018. inus: i put my money in, but want to be solid -- and to that and that is where my confidence is. where are we with the backlog demand for dollars lower -- dollars? how long will it take to get that update? amr: i think the banking system is working on this in a good way. it is again jurisdiction of the central bank of egypt, but so far we are doing this in terms of what they need and the backlog as well. this is taking place in a very positive way. manus: confidence, it is an interesting world -- word. talk to me about the biggest question investors have had for you, authorizations with foreign investors. confidence.

relations with egypt and turkey. >>> good afternoon. my name is chris griffin, again, with the foreign policy initiative. i ask that you kindly return to your seats so that we can begin our next conversation featuring general joseph votel who is the commander of the united states central command, and we are moderated by michael o'hanlon of the brookings institution. we will give folks just a minute to take your seats, a couple of courtesy reminders before you get there, once again, kindly make sure that your phones are set to silent, however, do not necessarily turn your phones off. feel free to join the conversation on twitter a at #fpiforum. you're more than welcome to do so. if you're perhaps watching on tv feel free also to visit our website www.foreign policy i.org. once again it's a pleasure to welcome today general votel to this discussion on crises and challenges in the middle east. have an excellent moderator in michael o'hanlon who is a senior if he will low at the brookings institution and a co-director on the certificate ter

how do these issues affect you and the way you deal with egypt? in other words, internal governance. >> they are helpful to us. frankly, i think the military and military relationship and certainly like all relationships has its highs and has its lows, but i think it's remained pretty steady. so i talk to the general on a regular basis. we visited back and forth several times just in the relatively short period we've been here, but things like that i think help give us space to develop the relationship and to move forward and look for opportunities to move forward and to try to capitalize on. i know as i work with their military leaders, mostly through chief of defense there, i think he agrees with that. so we are. one thing we are trying to do, we are trying to get our exercise program back in place. as many of you recall, we've had an exercise program called bright star that's long been a staple of security cooperation in the region. we stopped doing it back in about 2009 timeframe largely due to the tempo of what's going on. we've been challeng

are there any talks between the israeli right and egypt? the last question, regarding to islands.- two can you elaborate about the discussions? what are they working towards in this discussion? what are the logistics about these two islands? thank you. minister lieberman: i will start with the first question. there are some points that are very important there. we can discuss and it is for negotiations. theor the other points, rights of returns, it is completely impossible. will talk ofwe restrictions. my expectation is we will start and talkons conditions. regarding egypt, i have normal relations. embassy and chiron, we have had some relief. is just aggravations between two normal states. regarding the relations with saudi, of course weregarding arg to fix things in that region. talks and we are looking for a deal between saudi arabia and egypt. public statements will be necessary regarding that issue. >> i think i speak for everyone when i say thank you so much. that is all the time we have. i appreciate it. >> december 7 marks the annive

egypt needs foreign investment.of it will come through the stock market and we are looking at a significant rally since that flotation. yousef: coming up, bp underpins itself in the gulf. the ceo is next. work with move and --, who are going through their own transformation as a company, and we will bring our best people and resources into generosity is its own form of power. you can handle being a mom for half an hour. i'm in all the way. is that understood? i don't know what she's up to, but it's not good. can't the world be my noodles and butter? get your mind out of the gutter. mornings are for coffee and contemplation. that was a really profound observation. you got a mean case of the detox blues. don't start a war you know you're going to lose. finally you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. yousef: welcome back to the "best of bloomberg markets middle east." i'm yousef gamal el-din. bp has cemented its relationship with abu dhabi with a $2 billion deal

now, egypt was governed autocratically before 2011. what happened after 2011, starting, of in fact, to be accurate it did not begin simply on january 25th, 2011, we had years of activism, young people primarily protesting and demanding that their voices should be heard, their concerns should be addressed. again, the background of a failing government which cannot address these concerns people took to the street. it's not only young people. maybe in the beginning it was young people. but increasingly people with grievances which you do a great job in the paper highlighting and outlining social economic grievances and impact. in an economy where you have 30% rate of poverty, unemployment of young people over 40%, among female -- young female citizen, over 45% and more. grievance, they bring people to take to the streets and go to tahrir square and elsewhere. the argument is auto crass sis never manage for long-term stability. i take it very seriously that there are risks. security challenges, not only terrorism but different security cha

egypt to withdraw from bac backing that resolution. >> we have a very good relationship with egypt andthe president. we i think were ain't to cop vin the president that -- w able to convince this is a pad idea. david: to use the word we, there is over delay here. did you coordinate or did israel coordinate their effort to pressure egypt to withdraw with donald trump? i. >> i cannot confirm that, but i think this is a possibility. because donald trump in a few days will occupy the oav office. it is possible that israeli sources have aircraft proved donalapproached donald trump, but there is an open line. amazing thing while president of egypt. has realized this is a bad idea, president of the united states thought it was the the right thing to do. i think in a very sneaky, unfair way has brought about it very shameful act which i think is a total betrayal of israel. also part of a very sad pattern of his legacy in foreign policy in the middle east in general. >> do you think that president obama coordinated his actions with those who backed the resolution against israel? >> i would not

the world bank approved a new loan to egypt worth $1 billion.t is the second of three and it will create thousands of new jobs. we spoke with investment manager of the implications for markets. the interview is coming up. months of cheap oil is forcing many to consolidate. this week, three banks in qatar announced that they are in initial talks for a merger and we will go over their plans later on. and president putin called for a crackdown on terrorism after the russian ambassador to turkey was shot dead. andrey karlov was murdered at an art exhibition on monday. our managing editor took us through what happened. riad hamade: as you remember last year the turks took down a , russian warplane, which had crossed briefly into turkey. that has really damaged the relationship and turkey suffered , the turkish economy suffered. and more recently, they have worked hard to bring the relationship back together to a place where they are talking about syria, partly because the situation in syria has changed. and they are now both saying that they do not w

it was drafted by egypt, it was drafted and introduced by egypt, which is one of israel's closest n the region in coordination with the palestinians and others, and during the time of the process, as it went out, we made clear to others including those on the security council that it was possible that if the resolution were to be balanced and if it were to include references to incitement and to terrorism that it was possible the united states would then not block it. that if it was balanced and fair. that's a standard practice with resolutions at the security council. the ebip shuns and theç palestinians and many others understood, if the text was more balanced it was possible we wouldn't block it but we also made crystal clear that the president of the united states would not make a final decision about our own position until we saw the final text. in the end, we did not agree with every word in this resolution. there are important issues that are not sufficiently addressed or even addressed at all but we could not in good conscience veto a resolution that condemns violence and incit

it was postponed by egypt. two officials have been planning to abstain, which could allow the bill to pass. israel asked donald trump to intervene. benjamin netanyahu made a statement raising the record of the towing anti-israel resolutions. >> i hope the u.s. won't abandon this policy. peace will come not through you and resolutions but only through direct negotiations with the parties. the office said they called egyptian officials to key conversations for cairo as they decided to put the brakes on the resolution. egypt was the first natiti to puput peace with israel in 1979 and relilies o on israeli secury cooperation. as egypt met with its arab league partners, the white house did not disclose any details. >> this was an egyptian decision to postpone and i refer you to egyptian authorities to speak to that. countries warned ifif egypt did not go ahead, other major states would take over. the resolution could be presented this friday. scientists have announced that an experimental ebola vaccine may be the fi

it was drafted by egypt. it was drafted and i think introduced by egypt which i one of israel's closest friends in the region in coordination with the palestinians and others. during the time of the process as it went out we made clear to others including those on the security council that it was possible that if the resolution were to be balanced and include references to incitement and to terrorism that it was possible the united states would then not block it. that iit was balanced and fair. that's a standard practice with resolutions at the security council. the egyptians and the palestinians and others understood that if the text were more balanced it was possible we wouldn't block it. but we also made crystal clear that the president of the united states would not make a final decision about our own position until we saw the final text. in the end, we didn't agree with every word in this resolution. there are important issues not sufficiently addressed or even addressed at all. we could not, in good con

the violence we see in egypt is also happening in other parts of the region. late last night a pair of bombs blew up in downtown istanbul. kurdish separatists targeting the soccer stadium and an upscale area in downtown istanbul. at least 38 people were killed. more than 150 people were wounded. this was a sizable and significant attack. kurdish separatists claimed responsibility. there's been an ongoing decades' long battle between kurdish separatists and the turkish government. the kurds in iraq and syria are considered strong u.s. allies but there's a tension between the kurds who live in southern turkey and who have been battling the turkish regime there really for decades now and this is one of the sort of growing problems when the leadership led by erdogan and nato. turkey, of course s a nato member and considered a strong nato member. but there's a concern about the kurdish movement not only in iraq and syria but also in turkey. there's a growing problem in turkey and the middle east about the ongoing violence. instability is the theme we're seeing acro

i give the floor to the ambassador of egypt. ambassador: mr. president, ladies and gentlemen, since the beginning of the arab-israeli conflict in 1948, since the rise of the palestinian people to an independent, sovereign state have not been meant a natural life of dignity and freedom despite clear silence in the international community and dozens of resolutions of the security council and the general assembly of the united nations that remain unimplemented, egypt has taken on its duties. it has confronted many challenges that we have had, many wars underground and in diplomacy in defense of palestinian rights. to move forward to the creation of an independent state of palestine with its capital in east jerusalem, steps toward just and durable peaceful settlement in the middle east. ladies and gentlemen, the draft resolution on israeli settlements adopted by the council today undoubtedly expresses a painful reality of illegitimate settlements. it is also born of a policy of confiscation of palestinian land against a clear principle adopted by t

trump and egypt's president al sisi spoke by phone, egypt withdrew the resolution, so ultimately theountries who sponsored it, but what does this say about our longtime allies, egypt, caving in to pressure from israel, possibly also the incoming president, donald trump? >> egypt, like many other countries, doesn't want to get off on the wrong foot with the incoming president. who might be in office for four or eight years. so it makes sense that they did what they did. but there's a larger question which raised there, suzanne. we normally have that principle of one president at a time. now, we're like a world with two sons. we have two presidents at a time. and they're duelling. about policy. it's not just this israeli question. it's also taiwan and china, russia policy. it's extraordinary, and of course, it's just a continuation of donald trump breaking all the rules. >> it is pretty extraordinary. julian i want to bring you into the conversation, because in some ways how trump has managed to do this is through a series of tweets. one of those tweets was about the u.n. vote, unprece

you have dubai in white, saudi arabia and yellow, and egypt in purple. this is normalized.pt coming in at 175% today. how are you positioning yourself for 2017 in terms of equity? is egypt over done, is saudi better? gary: they have a spectacular run of 30% in three months. isever, that budget incrementally helpful to growth. that comes on top of an oil price that is helping the budget at present. may be saudi equities push on for the moment. but in the near term there are profits to be taken. angie: let's bring it back to emerging markets. what do you think the ripple effect will be in 2017? we are still quite cautious on emerging markets into the new year. i think the dollar strength we are seeing, there is a realization interest rates will push higher in the doppler block -- dollar bloc. we are seeing good numbers out of the u.s. and indeed, europe. that asia is still struggling. in recent days, we have seen it just from japan. yousef: what is your top pick in the em space? gary: russia, at the moment. india is in the back burner. 10%e could be another 5% to for the star

i think what we have to do is take a longer-term look at egypt . we have to recognize the importance they play in the region. we have to recognize the relationship we had with them in the past, and we have to continue to work through the current political challenges we are dealing with here and look long-term at them. they are an important player in the region. hey have been, they will continue to be. they are the most populous country in the region. we have to recognize that. and they said it at a very critical point. looking for ways to cooperate with them, looking for opportunities, big and small, where we can work with them i think is extraordinarily important. as we look at things like our presence in the sinai as part of a multi-international force, i think we have been able to do things with them that have been able to ensure the stability of that mission, that critically important mission. i think we have to continue to stay engaged with them and look for opportunities to move forward with them, and we have to weather through the political

i think what we have to do is take a longer-term look at egypt . we have to recognize the importance they play in the region. we have to recognize the relationship we had with them in the past, and we have to continue to work through the current political challenges we are dealing with here and look long-term at them. iny are an important player the region. they have been, they will continue to be. they are the most populous country in the region. we have to recognize that. and they said it at a very critical point. looking for ways to cooperate with them, looking for opportunities, big and small, where we can work with them i think is extraordinarily important. as we look at things like our presence in the sinai as part of a multi-international force, i think we have been able to do things with them that have been able to ensure the stability of that mission, that critically important mission. i think we have to continue to stay engaged with them and look for opportunities to move forward with them, and we have to weather through the political wav

i give the floor to the ambassador of egypt. ambassador: mr. president, ladies and gentlemen, since the beginning of the arab-israeli the risein 1948, since of the palestinian people to an independent, sovereign state a naturaleen meant life of dignity and freedom theite clear silence in international community and dozens of resolutions of the security council and the general assembly of the united nations that remain unimplemented, egypt has taken on its duties. it has confronted many challenges that we have had, many wars underground and in diplomacy in defense of palestinian rights. to move forward to the creation of an independent state of palestine with its capital in east jerusalem, steps toward just and herbal, peaceful settlement in the middle east. ladies and gentlemen, the draft resolution on israeli settlements adopted by the council today and -- undoubtedly expresses a painful reality of illegitimate settlements. ofis also borne of a policy confiscation of palestinian land against a clear principle adopted by the international commu

it has seen a lot of growth in egypt. unfortunately, there is not enough representation on the market. other than civ, which is widely held by everyone, what they are offering in terms of inkling -- banking paper is quite limited in egypt. therter: in terms of region, where the bright spots? how many ipos are you helping out with, what kind of projects are you excited about? >> we are always excited about the ue. we believe the government is quite pragmatic. the only issue we have is from a captive markets perspective, the amount of paper for investors to trade in his limited. you can see there has been .ppetite with foreign ownership think theely, i don't foreign investors have enough to invest in, and i think more ipo's are needed in the ue. the numbers,lose but we have a number of ipos coming to the ue in 2017. reporter: is that going to stay around or is that something you could sell as well? >> we made a decision sometime ago that our decision is to exit. we have already exited almost 49% of what we own. our intentio

now, in egypt though a bombing outside st.cathedral which is the home to the egyptian coptic community, killed at least 25 people. egypt has also seen a wave of attacks in the last few years since a coup removed the former muslim brotherhood president muhammad morrissey. the current regime is pointing the finger at the muslim brotherhood for this latest attack, but the violence and the problems in egypt run a lot deeper than just the muslim brotherhood, and there's growing frustration with the president, the former general who now runs egypt about his handling of not only the economy but also the security situation which continues to deteriorate. obviously both in egypt and in turkey they have the same problems that we're seeing in syria and iraq and lebanon and a lot of other places including here in jerusalem as well. there is a real problem with growing violence in this region, eric. >> it is so sad and continues. connor from jerusalem. thank you. >>> for more on this let's bring in retired navy captain chuck nash, a fox ne

that never happened after egypt pulled the resolution and announced an indefinite delay in the vote. reports pressure from israel and the potential to alienate the trump administration forced the delay. despite the report the state department refuses to say how the u.s. would have voted. >> we just don't preview our view in advance of votes inside the u.n. security council. we have been clear about our position on settlements and the degree to which we don't find them to be constructive to the overall cause of peace. >> reporter: earlier this month, john kerry said he cannot accept the notion that israel's settlements are not a barrier to peace.ç last night, israel's prime minister tweeted, quote, the u.s. should veto the anti-israel resolution at the u.n. security council on thursday. the state department says kerry this morning discussed the resolution with netanyahu. officials refuse to provide more detail on that conversation before the vote was postponed. netanyahu urged the united states to remain consistent. >> israelis deeply appreciate one of the great pillars of the u.s.-i

foreigners picking up shares in egypt as well.et's look at first word headlines from around the world. here is haidi lun. headlines, political john key says he will stand down as leader next week and quit politics altogether at the next election. after eight years in office, he says he is not a career politician and it is time for someone else to lead. he has backed bill english as his successor. the south korean opposition may have secured a enough votes to impeach president park over the influence peddling scandal. motion is backed by 170 one opposition lawmakers, plus 29 members, which would just reach the 200 votes required. addressed -- will address the nation on tuesday or wednesday. donald trump renews his criticism of china after backlash over his s phone call with taiwan's president. beijing complained at the weekend after trump flout the decades of diplomatic protocol by speaking directly with the taiwanese president. a green party backed presidents will be the next president of austria. he ran as an independent and took

i give the floor to the ambassador of egypt. >> mr. president, ladies and gentlemen, since the beginning , sinceconflict in 1948 the rise of the palestinian people to an independent sovereign state which is not met a lateral life of dignity and freedom. despite silence in the international community and dozens of resolutions of the security council and the general assembly of the united states -- united nations that egypt has taken on its duties. it has confronted many challenges. we have had many roles on the ground and in diplomacy in defense of palestinian rights to move forward to the creation of an independent state of palestine with its east jerusalem. a peaceful settlement in the middle east. ladies and gentlemen, the resolution on israeli settlements adopted by the council today undoubtedly expresses a painful reality of illegitimate settlement. land also palestinian against a clear principle adopted by the international inadmissibility of the acquisition of territory by armed forces. this requires all of us to be wise, to be p

. >>> investigators finder evidence in the egypt -- investigators find evidence on the remains of the victims of the egypt air crash. >> reporter: we have windchills near zero, so bundle the kids up in the extra gear. we'll have more on the snow and ice and rain transition we'll have that ahead in the seven day. >>le oregon is recovering from a brutal snowstorm. this is appear area that doesn't see this weather usually. snow and ice forced drivers to abandoned their cars. some vehicles were left alongside the road in portland. drivers had a hard time controlling their vehicles and getting up hills that are never icy. >> reporter: not only not used to it, they don't have the apparatus to take care of it like we have here. we'll need the apparatus tonight and tomorrow morning. storm tracker 6 live double scan showing we're dry for now. tonight and overnight that changes. let's get you outside, sky6 live hd dilworth plaza at city hall. today will be cold enough for the ice to not need any refrigeration units on, you'll be able to skate on it later on with no problem. let's bundle up and

the church is home to egypt's small community. at least 25 people were killed.pt has seen a wave of violence since the coup that removed the former president. the current military regime blames the ousted brotherhood for the attack but it runs deeper and the president is facing criticism for his handling of the economy and the security situation. violence also striking in turkey. on saturday night attacks were carried out on a police station outside a soccer stadium in an upscale area and 38 people were killed and more than 150 were wounded. the bombings are just the latest in a string of violence that has hit turkey in the last 18 months. turkey marking a day of mourning today and turkish president vowing he will defeat terrorism. >>> trump's team is expecting to meet tomorrow. video from aleppo, slayria has been heart breaking now. the civil war in its fifth year and 400,000 people dead and 4 million refugees and the current obama administration has been taking criticism for its handling of that war but special envoy there is optimistic ahead of talking face t

recognitions in egypt representing 80% of the christians in the home. 115% of egypt.very seen a very quick and rapid decrease in numbers across libya, iraq,. >> yes. palestinian territories, even syria. >> yes. and lebanon. and, yet, there has been virtually silence relatively speaking from christian leaders in other parts of the world. you would think since there does seem to be a concerted effort to drive christians out of these countries and attacks on them because of their faith that you would have more from the archbishop canterbury, for example and pope francis but you don't. and i wonder why that is? >> slight correction any would say you are right. but in the past couple of years pope francis and the archbishop of canterbury who is a personal friend have responded. i was just speaking to contact the archbishop yesterday. we are having memorial service in london as soon as i get back on wednesday for the people who have died in london in cairo. so there is a lot more interaction at the moment because there was a lot more visibility, i think. >> let me give you