since the emir's speech. earlier in the day on on on. tuesday you tweeted that the blockading countries are become hostage to the own rhetoric do you think the b m e s speech you said that this is going to escalate militarily but it will certainly escalate the war of words where to the battle being played out in the regions media yeah it's unfortunately the amount of cut that is very was very provocative from the blockading countries viewpoint he was the fire and he was very clear that they are not in the business of at that and but are over the terrorism because qatar has signed up with many treaties with many countries their latest allies the amount of understanding to fight terrorism and to counter a funding of terrorism with the united states so but that is not as an opposition to be accused of funding or supporting terrorism this will really not it will not really goddamn well with the with the with the quartet when they hear this they don't like probably dislike the speech by the i mean out of qatar they think that also they are th

country in order to bring them to justice the turkish president is in to have talks with the cattery emir reject tie a better one has been a major supporter of since june when for arab countries cut ties and employs a blockade on cats on cheers day the mayor said the side inlaid bloc has no desire to end the crisis he also said cattle is looking for sustainable ways to meet its needs rescuers continue their search for survivors for a fourth day in iran with more than four hundred thirty people killed in sunday's powerful earthquake along the border with iraq the seven point three magnitude quake injured almost eight thousand people and left tens of thousands homeless. you know secular state rex tillerson is in man marked for talks with leader and son suchi their mates on tuesday at the apec summit in the philippines tillerson is expected to focus on rakhine state when army crackdown has forced more than six hundred thousand people to flee to bangladesh rangar refugees accuse me and mas security forces of massacres rape and torching villages yunus backed the claims describing the violence

gentlemen welcome to all of you and let's start with you professor sorry how will the emir speech be received you think both here in qatar and abroad but i do and i think the emir gave a clear and concise speech he knew what he wanted to say and he knew what the answers need to be given to the questions of the godly people i think there are a lot of questions that have been long and said now for the other people like was during this crisis and before like for example the question about the parliament when when the elections are going to take place we've heard the i mean a father in two thousand and twelve thing that in two thousand and thirteen the elections will take place of course at that here we know that the current to me a took office and then there was a delay and there was a new will to the shura council today we hear very clearly the emir as saying that question and saying that they're leaving behind this is that he was not happy with the legislation and he was looking for a fair and complete legislation that would guarantee that issue of a council do its job the best way be

on e address the country's advisory council on tuesday saying that saudi arabia the united arab emirates egypt and bahrain don't want to reach a solution the so-called arab quartet began its land and sea blockade of council in june repeated attempts of mediation by q.h. the u.s. france and others of all failed over the past five months so what's next we'll get to our guests in just a moment but first reports. qatar's leader remains defiant describing the blockade imposed as unfair and violating diplomatic norms checked i mean been hammered than he says qatar is willing to start talks but national sovereignty is a red line. as you are all aware has been subjected to an unjust an unlawful measures that violate all the values and norms established not only among friendly countries but also among enemy by nature of the measures taken and the rhetoric and conduct adopted it has become evident that the blockading countries are not aiming for a solution or settlement it's all started in june when saudi arabia the u.a.e. bihari in and egypt severed diplomatic ties with qatar and imposed a land s

the upheavals unnerved saudi arabia and the united arab emralts. -- emirates.ifference between thusened and them during the arab spring. we stood by the people. they showed by the regimes. why did we stand by the people? they are asking for freedom. dignity. i feel that we chose the the right side. when we stood by the people. ♪ ♪ >> qatar began punching above its weight under the emir's father. sheik hamad, he took over in 1985. he pushed to make his country relevant and indispensable. qatar, a soccer lightweight, won the right to host the world cup in 2022, in a surprising and controversial decision. the most strategic move soon after 9/11 when the united states military pulled out of saudi arabia. qatar offered the americans a home. >> we told them welcome to doha, welcome to qatar. we have strategic partnership with you. we want this to be very solid. so we are friend. so you are welcome to qatar. >> qatar built the air base to american specifications. 365 days a year, 24/7, u.s., allied aircraft take off from qatar's desert to strike targets in afghanistan

as soon as proceedings in dubai got underway boeing got its first large order emirates airlines ordered forty of its cutting edge seven eight seven dreamliner with a catalog price of fifteen billion dollars will deliver from two thousand and twenty two onward the airline will go into two thousand and thirty and some of these will be used to replace the old that. which we in the next year the beginning of the fair has been a huge disappointment for us it was rumored a mere it would be ordering some new generation a three eighty super jumbos in advance of the state run dubai airline appears to be biding its time and letting airbus. negotiations are reported to be ongoing but it's not just about squeezing out bargain basement prices. hasn't had any major a three eighty orders for years and it's already said it will cut back superjumbo production starting in twenty nineteen only eight of them a year will be built to complete previous orders but emirates wants a guarantee the a three eighty will be made for at least another ten years before it places further orders emirates could certainly p

the emirates ceo saying emirates has the capacity.ld there be some upside to airbus on that story? let's pause that conversation. let's talk about the markets. one story i wanted to bring up is the pound. i have this chart here. the pound hasght been taking. reports of tory rebels, a mini cabinet to. -- cabinet coup. we have to wait until march until we get trade talks? a bill goes in front of parliament tomorrow. we have a host of data coming out of the u.k. it could be a busy week for those watching u.k. what else have you got in our risk radar? first off, the nikkei, a big drop for the japanese index overnight at the end of their day on monday. really capping three days of big drops. it continues its trend down, even as the rest of asian stocks are mixed. the hang seng gaining. take a look at the bloomberg dollar index. right now i'm it is up. it has been up a lot more throughout the early morning session. onto some gains, and the dollar is gaining against most of the currencies, at least in the basket of 10 i looked at. the aussie

the emir of kuwait has written a letter to parliament calling for unity in the country in the face of current tension in the region the government of kuwait resigned last week let's take you live now to kuwait city al-jazeera as the tash are going to aim is tell us more about this letter why it was written that tasha. one member of parliament tells al-jazeera that we will defend kuwait with our lives and that we support all efforts to preserve kuwait security the emir's message to parliament comes amidst a breakneck pace of developments in the region it also comes less than two weeks after the government here in kuwait was dissolved a new government is in the process of forming this was a close meeting it happened at about twelve thirty local time thirty eight of fifty members of parliament were there the emir had met privately with the speaker of the parliament and handle livered this letter we're told that is not uncommon that has happened previously but the message in this letter and the message from the emir is one of unity recognize recognition that there is a dangerous environme

i let's bring in our senior political analyst marwan bashar iran we heard a defiant tone from the emir today what was his message here who is it directed to and what does it say about where we are in this crisis was a very sobering moment in qatari and regional politics where the emir basically was speaking directly to the consultative council and through it to his people qatar is as well as i would expect to a million or so experts in qatar to say look it doesn't look like there's an end in sight to the crisis the decision countries are not intent on resolving the crisis anytime soon in fact they continue with their attacks on qatar in various forms and various platforms and forums. i don't derision in the world so all in all it's not exactly a call to arms it's actually not a call to on at all but it is a call for preparing for the long term for the long haul he said qatar would continue with economic and political reforms they're going to be elections in the shura council he is just one of the positive effects you think of this g.c.c. crisis i think it's very important. it's very it

they are essentially reliant on emirates for the sale. emirates has 100 of these aircrafts now. they're the only game in town. they spent $25 billion developing this aircraft so they've got a lot to lose if that program doesn't continue. i asked the president of emirates a couple of hours ago about this challenge that airbus has and why he decided not to go with airbus so far in the air show and instead opted for boeing i asked him what they need to do in order for emirates to make an order of these a-380s. >> keep it going keep the line going. we need confidence if they order more that they will not cancel the program. getting them across the line to make the commitments not to close the line in the next 10. >> 15 years. the only shift in mind here, my bosses will not sanction any further acquisitions unless they know that the line is going to be continued and they have a full understanding of what would happen if there was a cancellation >> so your concern there is that there's a symbiotic relationship between you and snem. >> more by accident than design, that is the case it

the united arab emirates bahrain in egypt severed ties with qatar in june and imposed on c. and kate. has more. qatar's leader remains defiant describing the blockade imposed as unfair and violating diplomatic norms shift i mean been hammered then he says qatar is willing to start talks but national sovereignty is a red line. as you are all aware has been subjected to an unjust siege and unlawful measures that violate all the values and norms established not only among friendly countries but also among enemy by nature of the measures taken and the rhetoric and conduct adopted it has become evident that the blockading countries are not aiming for a solution or settlement it all started in june when saudi arabia the u.a.e. bihari in and egypt severed diplomatic ties with qatar and imposed a land sea and air blockade they accused qatar of promoting extremism accusations dismissed by the qatari leadership as fabricated lies kuwait and the u.s. are trying to heal the diplomatic where ft but saudi arabia and its allies say the sanctions against qatar will only be lifted when qatar

by iran lebanon's prime minister sadly how do you resigned on saturday he was in the united arab emirates for talks holder has the latest from beirut. and some analysts are even saying that these statements by saudi officials a number of saudi officials are unprecedented and they're analyzing this is a declaration of war against lebanon telling lebanon lebanese leaders need to choose between peace or terror in other words telling them not to cooperate or deal with hezbollah now hezbollah of course is a party that has an armed wing it's a. arms has always been a source of contention in lebanon its forces are fighting alongside the syrian president bashar assad but hezbollah is also a political party it has members in government it has members in parliament it has allies it has supporters here so telling lebanese leaders to choose between a terror and and peace really so people are concerned and some statements are even saying there are those who will stop hezbollah and make them return to the caves of southern lebanon so very tough rhetoric in fact threatening levanon but not saying or sto

we are going to bring you our interview with the president of emirates, tim clark.ument announcing that order. it will surprise and tension around what is happening. fascinating stuff. we will go back to the gcc next. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." this is the european open. i am matt miller alongside johnson. boeing has snatched a surprise dreamliner order for under the nose of airbus. the order for 40 dreamliner's spell doom. yousef gamal el-din spoke to the president of emirates at the dubai air show started by asking him about the price of crude oil. i cannot see it moving outside of 55 to 60 because to likely the price will fall and around -- what you go but above that -- the supply calculus has changed a lot in the last three to five years. the higher he gets paradoxically, the better it is for some of our demand -- oil and gas, banking. on the one hand, we have a higher cost input. on the other, it brings richer segments hang more money. -- paying more money. in the past, the higher the oil prices been, the more

qatar's emir says they can be no compromise on his country's sovereignty as the saudi led economic blockade continues and shock and sadness in italy as the two thousand and six champions fail to qualify for next year's finals in russia. thank you for joining us a desperate search for survivors continues in iran where thousands of people are spending a second day without shelter after a powerful earthquake struck near the border with iraq rescue workers have been digging through the rubble pulling out bodies an estimated seventy thousand people have been displaced after their homes collapsed in a magnitude seven point three quake iran's president hassan rouhani has traveled to kenya and shop province touring the worst affected areas. and isolated four hundred thirty people have died and more than seven thousand are injured. reports from darabont economy of the quake's epicenter in northern iraq. they won after sunday's earthquake on the iraq iran border and the community which frees their dead from the rubble the loudest sounds of morning come from iran's come onshore provinces more than thr

since then this young city state, one of seven emirates in the uae, has largely succeeded.e one of the fastest growing tourist destinations on the planet. synonymous with spectacular skyscrapers, gigantic shopping malls and high—end hospitality and also the occasional stories of tourists who fall foul of local customs. but scratch deeper and there's much more to this place. no longer the brash new kid on the block, dubai is now an established hub and one of the world's few truly global cities. and although the impulse to impress is still here, there's now a complex identity taking shape and i'm here to see how that's changing the look and feel of dubai, its people and its future. aviation is at the very heart of dubai's growth. geographically blessed between east and west, with the vast indian subcontinent on its doorstep and an ambitious national carrier, it's reckoned that over 40% of the world's population lives within four hours flying time of dubai. 20 years ago, dubai airport was something of an aviation backwater. today they say they handle more international passeng

emirates airlines ordered 40 of its cutting edge 787 dreamliner's with a catalog price of $18 million we delivered from on work, taking the airliner in 2013. some of these will be used to replace the older aircraft, which we retired in a few years. reporter: the beginning of the fair has been a huge disappointment for airbus. it was rumored emirates would be ordering new-generation superjumbos in advance, but the state-run dubai airline appears to be biding its time and letting airbus squirm. negotiations are important to be ongoing. but it is not just about squeezing bargain-basement prices. airbus hasn't had any major a380 orders for years, and he guesses that it will cut back superjumbo production. starting in 2019, only 8 year will be built to complete previous orders. but emirates once a guarantee that the a380 four be made for a least another 10 years before replaces for the rotors. emirates could put an end to us like phase in the a3 80, but it will not be clear if the planes will take off again until the dubai air show is over. javier: that is all from the business desk. brent

as soon as proceedings in dubai got underway boeing got its first large order emirates airlines ordered forty of its cutting edge seven eight seven dreamliner with a catalog price of fifteen billion dollars we delivered from two thousand and twenty two onward the airline will go into two thousand and thirty and some of these will be used to replace the old that. which we are in the next year the beginning of the fair has been a huge disappointment for us it was rumored amir it would be ordering some new generation a three eighty super jumbos in advance of the state run dubai airline appears to be biding its time and letting airbus. negotiations are reported to be ongoing but it's not just about squeezing out bargain basement prices. hasn't had any major a three eighty orders for years and it's already said it will cut back superjumbo production starting in twenty nineteen only eight of them a year will be built to complete previous orders but emirates once a guarantee the a three eighty will be made for at least another ten years before it places further orders emirates could certainly

match of the day commentator conor mcnamara was at the emirates for us.e that you just wonder how arsenal have been out of the top fourfor so wonder how arsenal have been out of the top four for so long. notjust this season but missing out of the champions league in the last campaign as well. this was all about concentration and not making mistakes, not allowing tottenham any sniff at all. the significance arsenal is that it moves them to within one point of their north london neighbours in the premier league table. it is also a tenth successive home win in the premier league. not since arsenal have moved to the emirates stadium have they managed that many home wins in a row. but the big question for arsene wenger is how he can build on this and how they can produce that sort of performance on a regular basis. midway through the second half, when spurs made a double substitution, it was like the manager was throwing in the towel. at that stage, the arsenalfans were the towel. at that stage, the arsenal fans were already dancing in the stands. a big win fr

to ensure the food supplies continue on the same time relations with saudi arabia the united arab emirates and would like to maintain those races and this is why turkey is willing to see an immediate political and to the crisis in the g.c.c. countries. frankly i had no recollection of this meeting. these news reports i do now recall the u.s. attorney general facing tough questions about russia and the presidential campaign plus. can pay its bills and he blames the u.s. . however still sees a big downpours with those seasonal rains across southeast asia lively showers coming further thunder heads rolling in across the region in indonesia hundred fifty eight millimeters of rain twenty four hours that's a typical kind of value for the central and southern parts more big downpours coming back into jakarta thirty one celsius there on thursday more heavy showers and similar values as we go on into friday well weather increasingly wet weather will make its way back in across the philippines miss some sunshine interspersed in between we see the fair amount of warm sunshine across eastern areas of

saudi arabia bahrain and also the united arab emirates and how much of this is about expanding their partnership. while this has been more pronounced now than we've seen since the start of the crisis turkey stepping in sending cargo planes vessels carrying food to ensure that supplies continue in qatar and trade volume. increase between the two countries just seventy percent over the last few months turkey has largely benefited from that sending food supplies from different parts of turkey into qatar today there is this strategic committee which is going to further expand trade economic trade between the two countries and look into possibilities for qatari investors to expand their investments into. jane yesterday the emir of qatar said that qatar is better than a thousand times better off without the belabors imposing the blockade this gives you an indication that now is determined to look for sustainable ways and create new a realignment in the region and one of its top destinations now is turkey hopes to build a very solid economic political relationship with color. on the iran ir

as for your visit to the united arab emirates. and many people put it in the same frame that this is like a saudi theoretical theoretical move. and. and there was some information that you troubled the saudi plan not your plan. doesn't make much difference if i use my old plane order oil plane as if it's my pleasure the same. so even months before i used. to go to lebanon i went to lebanon on to talk about to win his interest and explain the situation. to shaikh mohammad and. to protect lebanon from any results negative results because i know all what i'm doing is for the protection. and lebanese and. that's why i went there that's why there was a dialogue. and there were agreements on my positions apologize i'm looking on my phone from the time now the congress twenty two seventeen real time me time. and i want to go back to the issue of visits to the emirates. and according to some information it was some tense meeting. you seem to be surprised when you. said the sheikh mohammad as a brother and a friend. and i came upon many is

company co weight has joined saudi arabia bahrain and the united arab emirates and urging its citizens to leave law. but on now the country has been on the edge since the sudden resignation of prime minister saad hariri while on a visit to saudi arabia hariri claims his life is under threat from his coalition partner the iranian backed group hezbollah a recent political party is demanding he returns to beirut five days after he announced in riyadh that he was stepping down well hariri is office says he's still in the saudi capital and denies reports that he's being held there against his will in now that you should look at any the return of prime minister saad hariri head of the future movement is necessary in order to restore the internal and external balance of lebanon with full respect to liberties legitimacy in accordance to the constitution and to the tire if accord and with respect to the arab and international legitimacy we confirm our support for prime minister saad hariri and for all the decisions he makes under any circumstances. and as owner called all reports now from beiru

well yes i mean clearly mr sharif is taking a chance because the emirates has hosted him and he has now come out critical in one way or another although acknowledging their support for him and their hospitality and so on it's unclear whether he'll be able to return to egypt and even if he did in reality the system is structured in a way that president sisi will win another term next year he has support but also the system is engineered to produce that kind of an outcome and just briefly get do you think that he would have any chance of getting the backing of the military if you did get back and is that the worry well that's a very serious concern because not only was he the last prime minister he's also an air force general and he had some popularity there we don't know the egyptian military like many militaries in authoritarian regimes is a black box and there has been some reshuffling of positions read recently so clearly some of the military could think that mr speaker is better than the current x. general who is now presidents. thank you very much indeed. from usa to him the way a t

they were hoping emirates would come through with sales.talking to the head of bombardier. he said that the tieup with airbus he thought threatened boeing's dominance he said it was something that couldn't be matched by any of boeing's offerings that's why they pushed the u.s. commerce department. pushing it forward by boeing bombardier saying they don't see that as a major problem. they're tied up with airbus for 4or 500 jobs in alabama. it could be a loop for a sell to delta. >> willem, we will keep an eye on the stock of boeing appreciate that in dubai there. >>> let's get our must-read stories now. these are the stories catching our attention. "the new york times" this morning highlights the right way to cut corporate taxes the editorial board writes american businesses theoretically pay 39% of their profits to the federal and state government but it goes on to say because of copious loopholes not the least the ability of large multi-nationals to shift profits to low tax countries, few businesses pay the sticker price. american companie

says its neighbors have no desire to end the gulf crisis saudi arabia the united arab emirates and egypt seven ties with cats in june and imposed a land sea and blockade. spoke at a session of cats as parliamentary advisory body. why now. i'm talking to you with all transparency we mean what we say when we say we are ready for agreements through dialogue based on mutual respect for sovereignty and shared commitment but on the other hand we know that the indications we receive say seach countries don't want to solution these countries with this attitude have opened a new stage in the relations between gulf countries we have benefited from this experience it brought out the best from the people we contributed to shaping its national identity and reinforced the national unity with the leadership of al jazeera correspondent joins us now in the studio to tell us more about his message basically you know this piece marking the opening session of the council is always a key note which basically addresses domestic issues and also foreign policy but this time you can tell that the gulf dispute wa

supplies continue but at the same time qatar has strong relations with saudi arabia the united arab emirates and would like to maintain those races and this is why turkey is willing to see an immediate. political and to the crisis in the g.c.c. countries. still to come here on al-jazeera efforts to stem afghanistan's drug trade appear to be failing. and demanding justice nigerians evicted from prime real estate locations in lagos fighting for their rights. how the weather remains largely dry unsettled across the middle east little bit of cloud just pulling out of afghanistan towards the himalayan plateau another area cloud just running in across the caspian sea but elsewhere it is largely sunshine all the way to around seventeen celsius in the sunshine baghdad at around twenty six degrees that fine weather continues to just around the levant by rote getting up into the mid twenty's over the next couple of days mid twenty's to on friday for baghdad further south while striving to get to twenty seven in kuwait city it is starting to cool down a little now not too cold across the peninsula gett

an accidental war for my egyptian prime minister ahmed shafik has told al-jazeera the united arab emirates have blocked him from leaving the country comes after he announced his intention to run in next year's presidential elections in egypt the u.a.e. denies the allegation that he could run in egypt's first presidential poll after the twenty five not prizing because for many to hosni mubarak the narrative he lost to mohamed morsi of the muslim brotherhood and then fled ever seen. my fellow egyptian citizens i have announced my intention to run in the presidential election and i was planning to start a tour amongst egyptian communities abroad before going back to egypt in the next few days however i was surprised to find out i'm prevented from leaving the u.a.e. for reasons i don't understand and i'm not willing to understand i've often stated my appreciation for the u.a.e. for hosting me however i reject any intervention in egypt's affairs by preventing me from participating in a constitutional vite. before entering politics which i had a long military career as a fighter pilot he then ro

airlines was not one of the airbus buyers after the anticipated deal collapsed in dubai emirates placed a big order with airbus rival boeing for forty seven eighty seven widebody planes were thirteen billion euros and some of the would be was to replace the old it could after which we get it in the next two years and to keep. all that was and with that but not only the big players for proving to be young and modern a sensation at the dubai airshow was the plan supersonic aircraft by boom the denver based startup wants to pick up where the concorde left off with twenty three hundred kilometers an hour it would be the fastest passenger plane ever i think supersonic can only come from a newcomer if you're boeing or air bus your economic incentives are to iterate on the same product you are making for decades for superstar to come it's going to have to come from a new company the supersonic aircraft would make the trip from london to new york in three hours whom has already received seventy six orders and if all goes to plan the first planes could take off in six years. the german aviation

in dubai minutes away from the market open in the emirates.ings from emaar helping boost sentiment across the board. traits,get into the key but now let's get first word headlines. >> the uk's chief brexit negotiator said it is 50-50 whether he gets a breakthrough by december. that is according to david davis reefed that a meeting yesterday. said it wasn categorically untrue that davis said that. the pound has been falling has the stalled brexit talks continue and the internal political struggle theresa may is facing. -- iea says the shale search will become the biggest gas and oil boom in history. the growth in american oil production will keep a saudi arabia at the height of its expansion. estimatess raised its for recoverable shale oil by 30% and cut its 2025 price outlook i-17 percent to $83 a barrel. the iaea executive director joins us at 1:30 p.m. dubai time. china's economic expansion dialed back in october as factory production and retail sales slowed. ,ndustrial output rose 6.2% fractionally below forecasts and down from 6.6% the pre

with mohammed bin zayed they see the prospects for an alliance between the united arab emirates saudi arabia and israel as real and unprecedented and historic they think the power of the palestinians is at an all time low they think they have quassia how mosques almost destroyed hamas routed it from from gaza and really destroyed its leadership they think that the palestinian leadership overall is ripe for a turn for turn over they're looking not at president abbas really they're really looking at someone like mohammad dahlan who supported heavily by the united arab emirates so the perspective within the white house i think is very different than many of us who are looking at the region and what i would call a more realistic way but the perspective in the white house is different and it's important to understand and take seriously because there. acting on it they're acting in close coordination with the saudis and the m.r. adi's and other palestinians who are not necessarily represented in ramallah today because is this something that you feel that other members of the p.l.o. feel tha

mark: emirates chief executive tim clark at the dubai air show. davis isy making a statement on the brexit talks in the house. he says that the eu and u.k. teams are in continual contact on brexit. only find ann irish solution in the context of a trade deal. we can't create a new border within the u.k. for brexit and he says the u.k. has to pursue voting rights bilaterally with the eu states. you can watch his full remarks the bloomberg. take a look at where european markets are trading. the close is four minutes away. we are down for a fifth consecutive day worst run for european stocks since may. declines for the benchmarks in london, frankfurt and paris. this is bloomberg. ♪ mark: live from london and new is the european closed. i'm mark barton with julie hyman. down for the day. just one industry group rising. food and beverage down since september. almosta drop followed by two percent. the second weekly decline. we will talk to our guest about this in just a second. i want to move on to bitcoin. earlier its decline from the record through thi

did end up buying secondly emirates is the biggest and best customer for these types of planes making up over half of sales in the fifteen years that this plane model has been in existence but that emirates didn't place an order this time it's because they were afraid that airbus would eventually stop making this model because air bus did not was not able to make a sale this time around it might end up having to do just that all right john i do my loan in frankfurt thank you so much for theirs. and there is more trouble for folks german authorities raided the offices of several senior officials the scandal plagued the automaker this time in connection with a course she salary page to its works council chief investigators searched the offices of at least two top executives the raid was related to an investigation into the income of works council chief alston or the chief workers' representative at the company earned as much as seven hundred fifty thousand euros prosecutors say that could amount to an illegal waste of corporate funds a form of tax evasion. cash strapped venezuela and ru

a boost for borrowing, snags a $15ne maker billion order from emirates.genda.il on the we are live at the abu dhabi petroleum exhibition. ♪ yousef: it is 8:00 a.m. in dubai. i am yousef gamal el-din. was rather lackluster start to the trading week. not a lot of earnings coming through to support these markets. the rest of asia not so. are across where we , akets in the asia-pacific fairly mixed session across the benchmarks. down .3%. also some movement across chinese markets, up 2.5%. region, somein the changes if you will to the hang seng index composition, some movement in cathay pacific down. things to note as we make our way into the latter part of this asian trading session. a slow start to the trading week. let's get into the trauma that took place on day one of the dubai air show. what an upset. the press conference room was filled with people in anticipation of the deal with airbus. billions of dollars in additional odors. -- orders. what came through was boeing dreamliners, not just an upset for airbus, that further a350 program. tie down aable

let's talk about emirates.teal estate throws posted a strong first order rose. 179%rofits jumped around for the quarter. let's get some more perspective as to where the story goes. the chairman joins us here. thanks for coming back for a chat. a lot of momentum in your net income line, how sustainable is this kind of double-digit growth? >> there are two parts in our net income, according -- our current trends and desired positions. this is a sustainable, 30%. the production is a testament of the future growth. properties. we have some they give us a stronger boost in our income. yousef: is it time to share profits with investors? what is your stand on dividends? ylvain: we are very close to doing it. we are obliged to increase our dividends, we have announced already a quarter ago that it will probably soon increasing our dividends. tracy: you mentioned in your statement you are pursuing opportunities in the current environment. it is an idea of what you're looking at. sylvain: looking at further schools and o

emirates interest because apparently the emirates have now denounced hedi and are more backing an independence movement in the southern part of yemen but that's to some extent speculation so is this a new phenomenon or is this are we just now seeing what has been simmering away for for decades bursting out into public view well a lot of this has been simmering but. in a sense at the moment it's exacerbated because the u.s. seem to be to some extent changing their positions to some extent don't seem to take a very decisive stance anywhere in the region and therefore new powers including the regional powers are setting themselves in a much stronger way ok of affright i think we i think we have scratched the surface over an extremely large and complicated situation i thank you for guiding us through it thank you thank you so some of the other stories making news around the world britain's prime minister has unveiled legislation specifying the date and time the country will leave the european union it says press it will take place at eleven p.m. local time on the twenty ninth of march twenty ninth