still ahead, taking the show on the road, kuwait to investors in the u.k.nd the u.s., drumming up interest in its first international debt sale, worth up to $9.5 billion. yousef: but first, we will hear why -- is bullish about the year ahead, and which regions may deliver that growth. this is bloomberg. ♪ yousef: welcome back to "bloomberg markets: middle east" live on bloomberg tv and radio. i am yousef gamal el-din in dubai. in hong am shery ahn kong. markets mixed, right now, more firmly in the negative with the regional benchmark down .1%. let's get some details on what markets are doing across asia from juliette saly. juliette: yes, certainly a holding pattern come up and yesterday, we saw that regional index hit the highest level since july 2015. there are a few factors to make nervous investors today, michael flynn has reportedly said to have resigned as trumps national security advisor. that has seen the dollar falls significantly, and we are waiting for janet yellen's testimony as well muscle a lot for investors to stay cautious. in hong kong, we h

in kuwait, the government has been very proactive.fact that we have big surge in infrastructure in kuwait, that has been a driver in the market in the banks. the uae, the government has tourism.en focusing on many of the projects that are being delivered were being .orked on in dubai yousef: that is it for this best of bloomberg markets: middle east. we will cover more company results, speaking with the ceos of iraq bank. it is the start of the trading week in the gulf on sunday morning at 8:00 a.m. in the uae on bloomberg television. join me then. this is bloomberg. ♪ >> coming up on bloomberg best. the story that shaped the week in business around the world. central banks keep policy in a holding pattern. no news indications of good news? >> the fed did not push back against the markets view regarding interest rates. >> how many ways can you stay neutral without staying neutral. business leaders react to orders from the white house. >> we are beginning to see cracks in this very brief embrace between big business and the trump admin

eight, but kuwait arabs -- iraq and , but between arabs and israel. third priority, which played a very important role during negotiations during the iraqi invasion of kuwait was the cooperation with the united states. it finally made gorbachev decide against his own specialists that he would support the united states. fromperiod of time, august, from the invasion through the beginning of the aerial campaign and on the is a unique moment where you can see where real partnership could have emerged. but it did not emerge to the extent that did the soviets wanted it or believed was possible. when bush and gore start -- oh, yeah, right here. for bush and gorbachev meet a very brief meeting, a brief summit in september 1990, bush assurance,possible every possible kind of piece of gorbachev ifell only you help us here in the persian gulf, then a lot of major, big, new things are possible. a totally new world is possible to a world of partnership. and now to put all my cards on the table, i would like to say the following. the coldg time during war, the u.s.

let's talk about kuwait. head of the kuwait investment authority said to be stepping down after 14 years. from the newxpect managing director? saying wef people are should not expect immediate changes in terms of the .nvestment strategy rightjust in the process now. one thing that we are hearing come up the may see as time progresses that the kia move forward into the local economy away from investment abroad. they will probably try to invest the countryiners wants to build, power generation, airports, because it will have a program of about $100 billion of investment a wants to do to upgrade its infrastructure, and experts believe kia may see its role increase. yousef: fascinating story. alsoatest on the kia, additional lines on agility, the claimy that filed the with the international sensor for settlement of investment disputes against the iraqi government after the country indirectly confiscated $18 million. the financial impact cannot be assessed at the moment. that is all we have for this edition of "bl

and also the commercial bank of kuwait rising 6.2% after it reported earnings. we saw the stuff exchange rebound after a slide of three sessions. i want to bring your attention to some of the currency pairs. it's important to point out what is happening with the turkish lira. it is leading gains after seven weeks of losses and finally, of course, the south african rand. we are looking at events including the cabinet reset, which could bring down side pressure to the top half of the currency. for southusy week africa. let's check in on the first word headlines. let's go to dudley humphrey. dud? dudley: the u.s. justice an appeal order against the judges order blocking president trump's immigration ban. slammed the federal judge to temporarily ended restrictions, vowing to reverse the decision in a case involving washington and minnesota. airlines have been caught up in the confusion over the trump ban , as passengers rush to airports to take advantage of windows to enter the u.s. that theeport immigrants from the seven countries affected by the van -- airways sai

. >> as we know, in early august, 1990, saddam hussein invaded kuwait. on that day, they were meeting. when the first news reached the secretary of state and soviet foreign minister, they were in it der disbelief. because their security services assured them on both sides, this was not going to happen. that was very un-likely to happen. the day they made the joint statement, u.s.-soviet joint statement condemning the invasion and demanding saddam withdraws his troops from kuwait was the day baker says in his memo memoirs, the day the cold war ended. we have several dates for the end of the cold war. i would still quo wigo with may '88, but baker was august 30, 1990, the day the cold war ended because the united states decided to back against its ally in the middle east, a very important ally. one of the few third world ally paying its debts and actually employs about 5,000 splts, middle and civilian. it was very difficult for them to actually commit to support the united states. the foreign minister was in uproar. the soviet union had an established resp

and just about the flat lie never very keep an eye on what is happening in kuwait. around a is evolving court case in iraq. you, yousef. let's check in once around the world. north korea test fired a missile according to the south korean defense ministry. they could not confirm whether it was a long-range ballistic of reaching the u.s. that pyongyang had threatened in recent weeks. this as donald trump met with the japanese prime minister shinzo abe in florida. the international agency agencies said that opec has -- oned 90% -- yes, 90% its production cut. saudi arabia has reduced its cut by even more. to rebalanceing the energy markets. they have a highly anticipated work on monday. turkey will hold a referendum on whether to expand president erdogan's powers. it would give the president the power to appoint ministers, dissolve parliament, and issue decrees. claimed that they cannot get their views across with the opposition media largely silenced. speech, alexis tsipras says that he is confident that there will be a solution over debt repayments. reviewhas to comp

it keeps going thing you have kuwait and kosovo, all of these other big countries.k at pakistan which is 201.9 million muslims. how could you say seven countries the obama administration identified, how do you say that? >> first of all, listening very patiently to everyone, and i think sean is not fair, this fearmongering and hatemongering that you are promoting, it is really, i'm talking about islamic threats. there is no such thing as islamic threat. the real threat is ignorance and injustice and arrogance and these powerful forces. >> sean: are you calling me a liar? you're questioning my integrity. name one thing on this show that i said tonight that is not true. name one. >> is not personal. >> sean: you said i'm propagandizing. it's personal now come you made it personal. name one thing that i've set on this show tonight that is not true. >> the islamic threat. name one. there islamic threat is not tru true. that's not islam, some muslims, and some christians, some. >> sean: they do it in the name of your religion. >> there are radicals not running around with

richest in the world, kuwait is can gather freely again. part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is bbc news. i'm lebo diseko. the latest headlines: a presidential no show — donald trump says he won't attend this year's white house correspondents' dinner. and an exodus of civilians from western mosul, as iraqi troops push deeper into territory held by islamic state militants. malaysian security officials say the airport terminal where the half—brother of north korea's leader was murdered, is safe. earlier, police searched the building in kuala lumpur looking for traces of the deadly nerve agent, v—x, or other toxic chemicals. our diplomatic correspondent caroline hawley reports. a departures hall usually bustling with travellers. at the scene of the crime, the security services came kited out against ch

richest in the world, kuwait is can gather freely again.seen in such numbers in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is bbc news. the latest headlines: a vigil is held for the victims of a shooting in a kansas bar in which an indian man was killed in what's believed to a racially motivated attack. the terminal at kuala lumpur airport, where the brother of the north korean leader was murdered using deadly nerve agent, has been declared safe. in iraq, troops are pushing deeper into western mosul in their offensive to drive out so—called islamic state from the country's second city. this area of mosul is the last is stronghold in iraq. the militants are surrounded, along with an estimated 750,000 civilians. our correspondent, wyre davies, is at an advanced iraqi military base, where american troops

richest in the world, kuwait is can gather freely again. in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is bbc news. i'm lebo diseko. the latest headlines: president trump says he won't attend this year's white house correspondents‘ dinner. an event attended by every american president for almost a century. and an exodus of civilians from western mosul, as iraqi troops push deeper into territory held by islamic state militants. let's return to events in washington. earlier, i spoke tojoseph uscinski from the university of miami, about president trump's ongoing battle with the media. this is just indicative of how badly the relationship between the press and donald trump has broken down, isn't it? it has been going on for a long time. donald trump thinks the media will not give him a fair shake. most of

we want to get together a co-op of raisin gores to control the kuwait and pricing of raisins. >> sunday afternoon at 2:00 p.m., on american history dison c-span3. >> the labor department reported the economy add 227,000 jobs in january, and the unemployment rate was 4.8%. president trump discussed jobs numbers and dodd-frank financial regulations at a white house meeting with business leaders and his economic advisory couple. here's some of the meeting. >> thank you, everybody, for being here this morning. this is a really world class group and i want to thank you and congratulate steve, you have done an amazing job. steve called me up the day after the election, might have been the same night to be honest with you. maybe one minute. and he said i'd like to put together a group, world class heeders that's what he has done so good job, steve. a couple of things happened this morning. 227,000 jobs, great spirit in the country right now. so we're very happy about that. think that it's going to continue big league. we are bringing back jobs and bringing down your taxes and getting read of r

we are expecting kuwait to search.to cross over to the engine of this part of the world, saudi arabia, the biggest stock market. this ea function is amazing. out of out of 168 companies tht have reported. you will notice the many shades of red. the earnings site has been on the downside in the fourth quarter. what is your take on how the quarter has passed? ali: the results of the saudis were a bit lower than expectations overall. you have seen a huge rally in withast quarter with 70 -- saudis. on an expensive side at this point in time. -- expensive scientists point in time. expansiveupgrading marketo the emerging status, we will see huge outflows based on our expectations, one of the biggest upgrades of the past decades in the emerging market space. we have breaking news out of japan. mitsubishi losing 5%. we got there earnings results third-quarter operating profit at ¥30.1 billion. net 7.1 billion. falling as much as 4.1% after the earnings were out. that is the latest from japan. let me continue on the stocks.tion

richest in the world, kuwait is can gather freely again.seen in such numbers in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is newsday on the bbc. i'm sharanjit leyl in singapore. i'm kasia madera in london. our top stories: excitement is building in los angeles, where the oscars ceremony is due to get under way in just over an hour. the romantic musical la la land is expected to be the night's big winner. south korea's president park under pressure. a court prepares to hear final arguments over her impeachment, after another huge weekend demonstration demanding her resignation. the american actor bill paxton, who appeared in a string of popular films, has died at the age of 61. he played private hudson in the science fiction classic aliens. in titanic, he played the treasure hunter brock lovett. let's

this process in kuwait is not representing us. it is not representing us so that we need to be involved in this process. because itinvolved is recovering yemen that is at stake. at stake is a nation that has been kidnapped on september 21, 2014, by a pro-iranian militia. you might accept that. you might not accept that. you might question this. establishment in yemen has been announced by a pro-iranian militia. t is why italk -- tha was squeezed to that timing. i have to talk to you about me section regime and the influence of iran. i want to end up with one line. nabeeloned that to in our private talks before coming to this meeting. sending seen yemenis any shipment to iran? never. but in the u.n., we have registered 10 cases, legally registered, of iranian shipment of arms and militia to destroy yemen, to take yemen by force, and to kidnap the sovereignty of the country. crisis hasnitarian reached a very alarming levels in yemen. is in comparable the situation like somalia. the central bank has been city.t to a month, this is wh

ahmed: kuwait always runs to for -- too far, and the market starts coming back. pointed out, it has gone too fast. yousef: any other tough calls in terms of approaching the middle east with investment means? ahmed: saudi, very selectively. yousef: would banks be on your list? we have been seen liquidity conditions improve. depression is coming down a little bit. ahmed: i might get excited about things in the second half. saudi--so egypt, ahmed: u.a.e. will be one of them. yousef: thanks so much for being on the program. before be previewed on the show, one feature we like to bring to your attention is our interactive tv function, tv go on the bloomberg. it has so much -- it adds so much value to your trading day. you can watch interviews and get key insights into security's, bloomberg functions, and even become part of the conversation by sending us an instant message during the show. this is for bloomberg subscribers only. the housing industry association reports slower new home sales. that is adding tremendous pressure to the overall story. well, we are waiting

may give us an indication of how far along this is, you could send some troops, for example, into kuwait. you could send them with some additional ground weapons, that kind of thing, and then they could move from kuwait into syria. at any point at which the proposal would be approved by president trump. so, what the military is looking at right now is do they want to proceed with this, are they comfortable with the level of risk, what they might precisely recommend to the president, and how they could be ready to move fairly quickly if a decision were to come. but there's other pieces that would have to be put into place. you know, are you going to start cooperating more, for example, with the russian military in syria? again, both on the ground and in the air. that is another huge if. that would be a very fundamental shift for the u.s. brooke? >> okay, barbara, i'm listening to you. i've also got a military voice on the other end of this. let me put a button on this andrew pudzner story. he has officially withdrawn. he was president trump's pick to be the labor secretary. his whole conf

in kuwait, since last year, the government has been very and the fact that we have seen a big surge ine in kuwait has been a big driver in the markets, especially in long-term perspective in the banks. and the uae, the government has been, that has been a big driver in the spending, especially in dubai -- the focus is on tourism, and many of the projects being delivered or worked on in dubai are towers that size. yousef: that is it for this "best of bloomberg markets: middle east." a busy week ahead. with ceo's.peaking we will see you at sunday morning at 8:00 a.m. in the uae on bloomberg television. i'm yousef gala benefiting. -- yousef gamal el-din. join me then. this is bloomberg. ♪ shery: prosecutors are talking to presidential staff of a surging of his offices. earlier in the day, the president's offices said he would not let them into the compound. prosecutors want to search for the blue house for information that led to pack's impeachment in december. james mattis is the latest official in damage control after a rocky few days of trump diplomacy. mattisis trip to japan, assured

but rarely if you know this impact and to establish from kuwait. and it is the only realistic approach. in with the yemen establishment. and with the is to relations and to forge this alliance. and with international terrorism. and with those understandings in the war against terrorism. bed it could be a deceiving alliance. because it in every moment in the beginning and then just pray that this demonstration that they should go in peace. in to come with of fresh approach but that 1.is related to the compromises and the results of that was acting in yemen. and don't want to judge other countries but so the pushing of fenestration to get the balance to end up giving that to rush-hour. in this is just one example. this is something the two countries and as a strong woman to realize she was under a lot of pressure with this alliance with the very valid record to understand the negative impact and then to be part of a of very dominant part of the solution. in that image to empower them in the peace process and with that peace process. and then my first

especially with the fact that kuwait is outperforming and they tend to have an underweight position.y've been increasing allocations recently. >> i'm sensing a theme in this, it's about the benchmarks right? > it is. earlier we had a guest who wasn't excited about the story. 4805, this shows the net purchases of egyptian stocks. blue are buy and the red color are downside pressures so selling of egyptian stocks. what are you seing in terms of wider trends, and to the egyptian story off the back of the circled area which was the devaluation in november. >> what we're seing in egypt is a huge increase in flows into the market given the move in the egyptian parliament. it will slightly appreciate toward the this year. the reform the egyptian government is doing, usually reforms take time to materialize. what the stock market is telling us is that investors and the market is a big believer in what's to come. the rally you've seen in egypt is around 20% since the float. we are buyers of financials and industrials in that market. real incomes have been hit hard. if you look at the banks, y

we have been in kuwait, bahrain, partially in the emirates.like to cover the rest of the gulf countries. qatar, oman, and we would like to go the on that. we have plans for that. yousef: that was the ceo of herfy. an interesting stock. you should look closer at it on your bloomberg. let's talk about the other big story out of the kingdom, crude oil we are joined by the vice president for the middle east live on the set. lukoil is russia's second-largest producer and has big plans for this part of the world. thank you for your time. i want to start with one of the key challenges of the last six months, the reduction in supply after this opec-non-opec agreement towards the end of last year. how is that affecting your efforts and investments in iraq? >> good morning. the decision by opec to cut production at the end of last year is impacting all the and non-opecopec countries. in terms of our opportunities in iraq, we are working according to the commitments and decisions made by the ministry of oil and instructions that decide which oil fields t

it is good for all of the countries, but as i mentioned before, the likes of qatar, kuwait and uae are better position. we see more signals on these three countries where saudi, bahrain and oman, they may continue to remain under pressure and most likely, they will have to continue taking some of these aggressive austere measures in order to fix their budgets going forward. shery: how much of the booth will the banking sector in the gulf countries get, given that we are expecting u.s. regulation and the financial sector to be eased with changes to dodd-frank? apostolos: this is a good point, but it is really premature to make any assessments on the impact of the banking, not only here but i think across the globe. there is a lot of speculation that there will be some amendments on the dodd-frank rules, regulations, but we still don't have clarity how far the trump administration will go. and even if they do, some of it will start slowly increasing the rest of the world, but it will take time, about a year before we talk about positive impact. yousef: there is a chart that shows easing

the speaker of the house of commons has hosted the chinese president and the emir of kuwait, but he doesn't

i have to go to kuwait. and they said all right. wants done as well as syria, iraq, and afghanistan. so it was just a great opportunity to be with such a legendary history unit. and afterwards, i had a chance to talk to a bunch of them. but here's two sound bytes from two heading over and their families. >> in order for us to be free and in order for your family to be free, we have to do stuff like this. so i have to pay the debt for your family as well as everybody else's family. >> very proud of her. i'm going to miss her. all of them. there's a bunch of good kids out there. i'm sorry. steve: that's tough. ainsley: sacrifice so much. gosh, he's sending his daughter. said he's going to miss her. brian: second time. last time was in iraq and she is now a captain. got a raise. got a promotion before she went over. she is now a captain. she's from nebraska. they stationed her and trained her in queens. they're going to send her over and leaving her husband behind, an 8-year-old daughter behind, her father and mom are going to pitch in

and then in kuwait and iraq and afghanistan. in iraq i initially when we were up in mosul, i hadn't realized how extraordinary saudi was. so one of the one-stars got him. i had a local translator. bashar, phenomenal. he didn't translate from arabic to english but telling me about the individuals with whom we were going to meet. he was explaining about the culture. he was explaining to me -- i had a reasonable idea of what islam was and the difference between sunni and shiia. , in mosuls we had yazidis christians, kurds, shiia and sunni and different political parties, different movements, different districts, tribal elements, and he was an incredible window into iraqi society for the first year that i was there and again very, very privileged to have him. tragically, the situation up there deteriorated, as you'll recall, the year after we left and so forth. and ultimately, he did have to come to the united states. we got him here and now i see him out every time i'm out in los angeles or when he's in new york because he's now a

and i don't think anyone is now going to say that, for example, saudi arabia, kuwait, the uae, shouldalestinians. it will be to the palestinians. it will be to the palestinian authority to speak for the palestinians. that may be a stumbling block. the idea that you can come up stumbling block. the idea that you can come up with a grand deal between sympathetic sunni arab states for palestinians and israel. also bear in mind that israel's actions, the declaration that it will build another 5000 homes in palestinian territory, the occupied palestinian territory, the occupied palestinian territories, will inflame arab states. they are not sympathetic to israel on that front whatsoever. so that is another stumbling block, the idea that you will have a grand coalition creating some kind of deal for the palestinians on behalf of the palestinians, or cajoling the palestinians, or cajoling the palestinians in some way. i think at the moment it is a pretty unlikely leap from creating a coalition that stands up to iran, shares information about iran, and creating some kind of deal for the pales

kuwait issues its own trump-esk visa ban. or one of his aides posted the story to his facebook page with the caption smart. a quarter of a million people have commented on this. this muslim ban by kuwait has been out there for a while. they planned to stop issuing visas for some nationalities. one of the countries affected quoted a local embassy official saying there's no truth to it. now, check this out. this is one of the russian government's own news sites. it jump on the rumor originally saying situate ripped a page from playbook of u.s. president donald trump but then a correction saying the following news article proves to be untrue. now, let's go ahead and reload the president's facebook page. yeah. baseless story is still racking up likes and comments. this raises a question. does sloppiness matter? i mean, do you expect trump's aides to catch screwups like this or do you shrug it off. do you care that the white house press release on saturday said that trump spoke with the president of australia when in fact he's the

kuwait are allowed to address parliament but not your president.n individual who is obviously playing games and not acting in the best interests of his country. very briefly, i wanted to ask you, you are also involved in financial services, there has been a big business backlash against this travel ban, what are you hearing? business leaders are generally in favour of legal rational immigration. 0ur organisation hasn't taken a formal position but many business leaders are concerned or opposed in their individual or corporate capacity is. thank you for coming in. if you follow mr trump's twitter account, you'll know that when the president is awake, he usually has a view on something. and this morning, it was this: that is a reference to mr trump's comments on fox news on sunday about president putin being a "killer", and the other part of that tweet is of course his rising frustration with iran — and the nuclear deal that was signed by his predecessor. well, in iran today, the supreme leader ayatollah khameini said president trump had revealed what

you have kuwait, kosovo, all these big countries.at pakistan, which has 201.9 million muslims. how could you say seven countries that the obama administration identified that this is a muslim ban when all those countries are included? >> it's interesting. first of all, sean, i was listening very patiently to everyone, and i think, sean, it's not fair. this fearmongering and hatemongering that you are promoting. >> sean: what did i say that his hateful? >> i'm talking about islamic threats, there is no such a thing as islamic threat. the real threat is in rf ignorance, arrogance, this false propaganda. >> sean: are you calling me ace liar? you are questioning my integrity. i have one question being name one thing on the show that i said tonight that is not true. name one. >> it's not personal. >> sean: no, no, no. you said i am propagandizing. you name it personal. >> sean: name one thing i named on a show that's not true. >> it's not true but it's been name one. >> islamic threat, it's not true. >> sean: chattanooga, san bernardino,

overseas to visit wisconsin troops in the national guard, reserves, and on active duty in places like kuwait, the united arab emirates, afghanistan and germany. then at the end of last month general dunbar and i traveled to guantanamo bay to visit members of the 32nd military police company from the wisconsin arm national guard. i am so proud of the men and women from wisconsin. please remember all, all of our service members in your prayers now and in the future. [ applause ] i also want to thank the members of our national guard for all that they do within our state. last summer parts of northern wisconsin were paralyzed by severe storms and floods. roads and bridges washed out. lives devastated by loss. we sent in the national guard and acting quickly, they were on the ground working together with state and local agencies to help in the recovery. it was an amazing team effort. i joined the local residents from that area in thanking everyone who responded and helped in their time of need to all. [ applause ] to all of our men and women in uniform we appreciate all that you do, here and abr

later today the president will speak with the amir of kuwait and prime minister of iraq.e the senate will hold a vote to confirm senator price into the early hours of friday to be the next secretary of health and human services. the president was glad to see the army corps of engineers announced the final

sergeant cullen ranieri had been stationed in kuwait for almost a year. >> i'm one of six kids. so having one person missing is a huge deal. we're looking around saying where it colin. it's not the same. for him to be here tonight means the world to me. >> i was good till i saw the tears in her eyes and i couldn't hold it in anymore. i was able to hold it in for my brother, my mother. seeing her i couldn't anymore. >> nice welcome home there. on campus at gw into most definitely. >> better than a medal i bet. >> for sure. >>> so we've got a lot to look forward to this weekend when it comes to the weather, huh? >> hello, april. >> that's right. >> you may have missed it. that's what we're dealing with. >> flowers are starting to come up already. >> they are. a lot of people asking if they should be doing gardening. ol not yet. it is still winter. the ground has a lot of time to warm. we are still cold at night. right now, very cold night out there. it's going to be that way early tomorrow morning. tomorrow afternoon, we warm quickly. high temperatures today around 51. right now d

every vehicle is greeted as if it was the first in the relief of kuwait and in the city once among theain. not for 20 years have locusts been seen in such numbers in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is bbc news. i'm lebo diseko. the latest headlines: mahershala ali wins best supporting actor for his role in moonlight as the oscars ceremony begins in hollywood. claims that british child migrants to australia were physically and sexually abused are to be examined in a public inquiry. britain's four—time olympic champion sir mo farah has insisted he is a clean athlete who has never broken the rules after allegations in a leaked report that his coach may have broken rules against boosting athletes' performance. alberto salazar has been under investigation since allegations about drugs use at his american training base were made by the bbc‘s

kuwait wants to buy the 18 super hornet.ng the production line in operation. saudi arabia broke records for oil output and exports last year. day andlion barrels a exported about 3/4 of that. the saudi's lead the push by producers to end the oil glut as of january 1. and that is your bloomberg business flash. anna: thank you. coming up, life lessons from warren buffett. melinda gates talks about taking risks and failures. that is next. this is bloomberg. ♪ anna: welcome back. i met edwards here in london, and this is "bloomberg markets." we're going to talk more about the bill and melinda gates foundation. they outlined their foundation's ambitious goal for the coming year. special marks a very line, 10 years ago when warren buffett pledged $30 billion to their foundation. in a conversation with linda gates,megan -- melinda megan finds out more. arenda: the most important life lessons, even separate from money or the return on the security's life lessons, how you live your life is really important, and warren has a set of va

every vehicle is greeted as if it was the first in the relief of kuwait and in the city once amongst freely again. not for 20 years have locusts been seen in such numbers in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is bbc news. good to have you with us. i'm mike embley. the latest headlines: president donald trump has declared that he wants to increase defence spending by 10%, but it's not clear whether congress will agree. earlier, i spoke to retired lieutenant general david deptula. a 70 year old german sailor has been beheaded by self—proclaimed islamist militants in the southern philippines. earlier, i spoke to retired lieutenant general david deptula. he is currently dean of the mitchell institute for aerospace studies. he was commander of the air operations centre for the opening phases of the war in afghanistan. i asked him where he th

storieshat are the big -- one of the big stories in the middle east stories has been the big growth in kuwaitk exchange is up about 19% but down from its highs. is that the sign of something more to come? are investors pausing for breath in what has been an epic rally? >> it is necessary to see if the liquidity momentum is sustainable. i think this is the case for the kuwaiti stock exchange. led -- youe reasons lasta lot of positive news year. some of the reforms. you have a couple of events where pakistan is getting upgraded to emerging markets. potentially argentina this june. outperforming and they tend to have an underweight position. tracy: i am sensing a theme in his conversation, all about the benchmarks. yousef: i want to cross over to egypt. i pulled up the start in which our viewers can do as well -- i pulled up this chart, in which our viewers can do as well. of egyptian stocks. what are you saying in terms of trends on the back of that circled area, which was a devaluation in november? egyptt we are seeing in is a huge increase in net foreign inflows. the currency has overshot. on

anymore exotic places -- you have a wide geographic footprint, from morocco to bahrain and kuwait. >>ur universe is about 21 countries, extends from turkey down to south africa. from bahrain all the way to morocco. yousef: topic in that space outside gcc? we are agnostic. there's no particular pick. our investment process is androus and is lost of -- exhaustive. we are a lot of time right now in africa and in turkey. yousef: saudi arabia boosted oil export and production lastear to the highest monthly average on record. toever, russia managed overtake the kingdom in december for the title of the world's largest crude producer. sam wilkin joins us now. what does this really tell us about the balance in the oil market? sam: yes, it is really is closed between russia and saudi arabia. important thing in terms of market balance that we have seen out of this news is the fact that saudi arabia is cutting from a record high. we sort of suspected and new that they were. that it's worth remembering that come even a saudi arabia has made the dramatic cuts, over the longer term, production is st

california raisin growers association, you we want to get together a co-op of raisin gores to control the kuwait and pricing of raisins. >> sunday afternoon at 2:00 p.m., on american history dison c-span3. >> the labor department reported the economy add 227,000 jobs in january, and the unemployment rate was 4.8%. president trump discussed jobs numbers and dodd-frank financial regulations at a white house meeting with business leaders and his economic advisory couple. here's some of the meeting. >> thank you, everybody, for being here this morning. this is a really world class group and i want to thank you

every vehicle is greeted as if it was the first in the relief of kuwait. once among the richest in the world, kuwaitis can gather freely again. not for 20 years have locusts been seen in such numbers in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from this is bbc news. the latest headlines: a new study has been looking ahead to life expectancy in the year 2030. it's found that many in those countries can expect to get ever closer to living for 100 years. malaysian police want to question a north korean diplomat over the killing of the north korean leader's estranged half—brother. malaysia's chief of police says three more suspects are being sought for questioning, one of whom is attached to the north korean embassy in kuala lumpur. kim jong—nam is thought to have been poisoned at the international airport in the malaysian capital. two women suspects who were seen

every vehicle was greeted as if it was the first in the relief of kuwait and in the city once among theagain. not for 20 years have locusts been seen in such numbers in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is newsday on the bbc. i'm sharanjit leyl in singapore. i'm kasia madera in london. our top stories: excitement is building in los angeles, where the oscars ceremony is due to get under way shortly. south korea's president park under pressure. a court prepares to hear final arguments over her impeachment, after another huge weekend demonstration demanding her resignation. let's take a look at some front pages from around the world. gulf news has an interview with the newly chosen deputy leader of the palestinian political party fatah. mahmoud our aloul says fatah will never recognise israel —— mahmoud al aloul says fatah will never recogni

every vehicle is greeted as if it was the first in the relief of kuwait and in the city once amongst0 years have locusts been seen in such numbers in this part of africa. some of the swarms have been ten miles long. this is the last time the public will see this pope. very soon, for the sake of the credibility and authority of the next pope, benedict xvi will, in his own words, be hidden from the world for the rest of his life. this is bbc world news. the latest headlines: the official inquests into the deaths of 30 british tourists, who were among 38 people murdered by an islamist gunman in tunisia two years ago, will conclude today. just quickly, we want to take you to the israeli settlement of 0fra. you can see people sitting on the roof of the house here which is one of nine homes that the israeli security forces are going to evacuate and eventually do demolished. the same thing as been happening in other errors. “— thing as been happening in other errors. —— eventually demolished. recently, there were some violence in the compensation between settlers and security forces who had