♪ yousef: welcome to "best of bloomberg markets: middle east."ajor stories jotted headline from the region this week, oil hits four week highs as refineries resume operations following hurricane harvey. also focused on hurricane irma heading towards florida and devastating islands in the caribbean. the ball is firmly in qatar's court when it comes to resolving the regional diplomatic crisis. we spoke to the former intelligence chief. we begin with our conversation with the head of fixed income at the management -- >> you seen some stability over the last 12 months specifically since the start of 2016 when oil was very low. middle east rates starting to get impacted, and you have the recovery as oil prices have stabilized. however, the big change -- and i think that is what we can talk about -- is middle east versus global because that is where the restoring -- the real story has been. essentially you have a situation where if you would look at the spread on the jpmorgan middle east index and compare that to the five-year energy market's edx sprea

[inaudible] i work on the grant is analogous about what it has to do with in the middle east.see have to find a way to articulate in a more convincing way in the public space what it is, why liberalism is such a good thing. and why are particular society are valuable above and beyond the challenges of these other ideologists. we live in a world of ideology. >> thank you. but any other panelists like to comment on the misconceptions any other clichÉs that have afflicted us on this? >> i agree with sir john with lisette about ideology and not being static and having to change and mold to whatever the context is at the time. if you look at the equation of terrorism there's all these different factors that lead to someone becoming a terrace. those factors are static. one factor that is in is the ideology. so you have someone with a grievance than a lack of a an opportunity to attack that in a healthy way and then you have the means, so how do you actually get there, whether traveling somewhere are doing something inside your home. so the fact that the ideology for example isis if

#btv 7042, compares and contrasts em versus middle east credit.alk to me a little bit more about where the trend goes from here. >> i think that is the interesting point, i think what we will see as probably middle east outperforming global em over the next six months or so. you will probably see that spread wide and again. -- widen again. the basic reason for that is that the average credit quality and the middle east is higher than it is on global emerging markets. and also because you have seen a huge performance of global emerging markets over the last 15 months and spreads in the middle east, the credit spreads have arisen slightly. even with qatar and other issues, spreads in the region have been caused to be stable or even higher. whereas global em spreads have depressed significantly. i think we are now in a situation where if you were to see any volatility increased in the market based on the global actions or regional actions, the middle east provides a much more defensive exposure to credit markets than global em does. -- shery: yes, i

♪ yousef: welcome to "best of bloomberg markets: middle east."nd yousef gamal el-din tilde here are the major stories driving headlines. iraqi kurds voted overwhelmingly for independence in a referendum receiving regional backlash maria turkey warned they could shut off pipelines to landlocked kurds. we look at the possible market fallouts as well. sony insurance stock jumped as carmakers were licking their maps on the news that the ban on women drivers would be lifted next year. the saudi fundraising streak continues with investors piling $12.5 billion into its second dollar denominated bond show of the year. the markets from with our guests. if we look at the tadawul, we do not see a major reaction. .1%, but wes down have the insurance sector performing extremely well today. we have an index composed by 33 members, a good number, a good sample of the saudi market and rising 4% to the highest level since march. some of the names within the it was theup 10% to best performance for the w in seven months. there's clearly an idea between saudi inves

♪ yousef: welcome to "best of bloomberg markets: middle east."he major stories driving headlines from the region this week, qatar's economy is still braving the blockade, but will it able to keep up the act for long? oil prices remain weak. we discussed if the storm hit u.s. energy sector can get that push up higher. and saudi arabia's economic transformation is taking shape. riyadh iseking -- sicking bids as part of its plan to win the economy off of oil. they are seeking bids for his first utility power project. guest: it is a possibility, but of course it is not necessarily what saudi arabia does this year, but what it does over the next three to five years and how possible it is to accomplish the ambition of the vision 2030 and a national transformation plan, and to adjust for the new realities of growth. the new realities of growth is that saudi arabia could very well grow between 2% to 3% as it adjusts its economy. so basically, it is not really if saudi arabia goes into a recession, but what happens over the next three to four years and ho

one of the largest asset managers in the middle east.ut gulf capital. one of the largest asset managers in the middle east. we caught up with the ceo to find out what the investment strategy is shaping up to be at the moment. >> gulf capital is one of the major players when it comes to private equity in the gulf region. while we have seen a lot of companies invest it is unusual comparatively to see these exit. let's dig into that story more. i am curious. .ou divested it is kind of unusual to see these exits in the region. >> we did a very good job growing the company. we tripled the number of customers. it became the clear market leader. we thought it was time to exit the company. >> you exit the company and presumably now have some money in your pocket. >> we are going to distribute it to our investors. they have been backing us for a while. >> are there specific areas that you are looking at in terms of opportunities? raise $750 million. sitting on over a billion dollars of commitments. we are looking at opportunities. time to be hunt

if we disse defeat isis in the middle east.audible] my question is shouldn't we be doing something different so that we don't make the same mistakes in the middle east. what are we actually doing on the ground in the region and what is it that we should be doing. >> you've also been working in africa if you want to take part of these questions, feel free. >> can you restate the question. >> i'm saying with the nature of terrorism changing in africa, we have islamic military increasing so in terms of policy, what should we be doing differently so we don't make the same mistakes we been making in the middle east. what is it that we should be doing differently in the region. >> what i've done in africa in nigeria and somalia and obviously egypt, they can forget that were african, but we are african. >> we have training and capacity building. the stories that i've heard, i don't even want to say it publicly. i've met with people who have experienced suicide attacks. telling me these kids that are my kids age are given drugs to brin

in the middle east it was arab nationalism and so forth.here seems to have been a connection with the weakening of those ideologies, the material failures and the resurgence. i think it speaks to us as well the west because of course we live in a time. [inaudible] in a sense, though we advertise on ideological weakness at a time when they are advertising their strength. i think it was a complex connection and i think it's a political court connection rather than simply question of administration. it question about what sort of politics do we practice here because we can do very little in the west. it has to look like success in politics has to work better than they do. >> thank you. and you've worked with dod at many levels as a translator for iraq and syria, lebanon as well. what was the role of ideology in the discussions that you had in dod and dod policy? was there something that was thought of as something that seemed like secondary concern? >> it was definitely thought of, and i think it's interesting because i've seen this issue from

we asked how the middle east's top companies fared.his is bloomberg. ♪ yousef: welcome back to this addition of "bloomberg markets: middle east." liquidityxpect conditions we can and slowing economic growth to further date business for gcc bank. we spoke about the outlook of the banking sector in the market. things -- themes that jumped out at you? >> most of the companies in the region are suffering the cause of whatever is happening around us that is lacking demand on so many other sectors in this part of the world. of can count a long list reasons. sean. -- wrong dollar, week oil, global situation in general, things are week at the moment. we still do not see any catalyst that could change that view of the region. tracy: where are you positioning? are you bullish on anything? i am: i am not bullish but not bearish. when things get bad i think opportunities arise. valuations,good some businesses are just hard because of a situation, not because their business model does not work. so, i would say that this is a time of opportunity whe

that is it for the best of bloomberg markets: middle east.here sunday morning at -- on bloomberg television. this is bloomberg. ♪ ♪ coming up on bloomberg best come up the stories that shaped the week in business around the world. damage from falls short of projections. >> they are not apocalyptic, merely bad. >> leaders on capitol hill are setting up a plan. >> they really need to put the hammer down on the augmented reality fame, something that is that x factor. >> goldman sachs says strategy for the fixed factor. >> broad series of issues across the firm, identified $5 million. >>

i am tracy alloway, welcome to "bloomberg markets: middle east."et's get straight to one of our top stories. it is hurricane irma. this is the hurricane go function on bloomberg. it charts the path of the ongoing story. that northward shift we have been waiting for. we are getting a better indication of what will happen when it comes to that. the projected path right now as the hurricane approaches the u.s. coast is for a direct hit up the west coast towards tampa. buti might be squared, tampa looks to be the big loser here. meanwhile, we are talking about a storm surge of about 13 feet up tampa. it is headed towards the north. we are not expecting it to come in to beaumont, louisiana or oil refinery hub towns in texas. one more things before we leave the hurricane go function, take a look at hurricane jose. it is coming up right behind hurricane irma. one of the forecast models has jose moving up the east coast and making landfall as a category three hurricane. let's talk about some of the market impact we have seen. if you pull up the gmm irma hu

♪ welcome to "best of bloomberg markets: middle east pick up -- east."urkey warned they could shut off pipelines to landlocked kurds. we look at the possible market follows. saudi stocks jumped and carmakers were licking their lips that news on the ban -- that news of the ban on women drivers would be lifted. the saudi fundraising streak continues with investors piling $12.5 billion into its second -- >> we don't see a major reaction. , butmirates was down .1% we have the insurance sector performing extremely well today. some of the names within were up 10%. it was the best performance in seven months. an idea between saudi investor that this is going to be good for new cars of the premiumts segment, where they make most of their money. this is good news for whoever is willing to bet. ofsef: we've got a graphic some of the key stocks that have been on the move. to get back to your point with the insurance stocks, when some of the investors that you have been speaking to have made it clear that we might not see much more of a reaction until it is implemen

the color revolutions in the former soviet space or some of the american actions in the broader middle east so i think trump would like to minimize that but he still finds himself in a conundrum he still got alliances in korea in the middle east and elsewhere and he still got alliances in europe and these things create pressures so i'm not against what he's doing but i would agree with your point that there's been a big change from him as a candidate to him as president less so a change from obama to trump as presidents ok patrick let me go to you i mean in a way i agree with michael and thomas but broadly for very different reasons i mean i suppose we all agree here the neo cons are back with a vengeance but i don't see why anyone should be happy about that i see thirty years of absolute utter failure and now we have the consensus that this failure is what will continue i don't get this here ok and all of the generals you know that the generation we have right now i mean they're all part of that ok well we don't have the name specific names of that mindset is there so you know there is con

israel in regards to the so-called neo conservative agenda in the middle east it's an israeli agenda is really led agenda and this is a president that is very chummy with benjamin netanyahu and he's appointed his son in law as a middle east envoy who's property developer and a website owner and otherwise a small tycoon from manhattan i mean what is this this is a complete disaster in terms of u.s. diplomacy and foreign policy it's a problem that's. a ticking time bomb potentially diplomatically no leadership the generals or whoever the pentagon is running various aspects of u.s. foreign policy and meanwhile how awful washington doesn't seem to have gotten the memo that we lost in syria syria was not a civil war syria was a proxy war we spent billions of dollars we flooded the region with weapons people's heads should be on the chopping block well in the legal sense for that and no one's talking about this and blaming rove various other weird stuff we're talking about and i think a good part of media should be on the same chopping chopping block thomas let me go back to you what. i wa

♪ yousef: welcome to "best of bloomberg markets: middle east."ere are the major stories driving headlines from the region this week. 100 days and counting into the gulf that, qatar -- gulf spat, qatar and the saudi led bloc of your into a solution. south african president jacob zuma's grip on his party felt a blow by the country's high court. it seems the saudis made a longer one regime change in syria. editord our executive what is going on. reporter: the goal for the kingdom is to keep iran out of syria as much as possible. what is supporting that regime are the russians dominantly, but also the iranians. there's a logic iranian syriance in that the saudis don't want and don't want to accept. the seem to be moving towards the russians. they see it as a way to limit the iranian influence in syria. yousef: the relationship with russia has been very difficult. is it too early to call it a arente that the saudis looking to open with the russians in the interest of the saudi arabia priorities? reporter: we will see. it remains to be seen how far thi

strategies on middle east it was that he believed that the middle east had lost the tremendous amount of strategic significance. already doing o the first year that obama made an audit and conclusion was that the united states is over committed in the middle east and undercommitted in asia. and vault is need to pivot asia worst thing that could happen was for united states to get degreesed into another war endless war in the middle east, because it would prevent the united states from being able l to prepare itself from the competitor challenge it would get in the next decade or two from china. because ultimately superpower they have to worry about risk of some other o power emerging challenging america's global position. there's no country in the middle east that has the capacity to challenge the united states in a global scale. certainly not the who in yemen has we're hearing such a major threat. the one country that does have a capacity, of course, is china. not getting dragged into another war in syria that obama had no faith in how it would end and what actual strategy wou

many parts of the middle east, young people think there's a war going on. they've been fed this idea, that there's a narrative, there's a war, there's a one aspect of it is tech tearion, iran is extending its reach, the sued niece are being beaten up on and what we are going to do about it? now, i think it's too late, actually for these kinds of macro strategies to be put in place. several windows have closed. i think the last one that closed which is what i wrote about is that, sure, the u.s. was not going to go in in a big way, but syria's this big festering wound in the middle east. it's -- the scale of it is unclear i think to many people. it's still a shock to syrians themselves and a shock to the region, and i think me and hassan would disagree on this, but i see for example, with the syrian army reaching or breaching the isis line to get to that pocket, that's very symbolic. the syrian regime will say that this is victory, all right? whether that is analytically correct is beside the point. that narrative will provoke a response from somebody who see

it's just you know terrible not intended it will and then if you go to gasoline in the middle east it is because of the oil of saudi arabia that we be supporting this country for so long but let's not forget that iran has a lot of oil as well not as much as arabia but it is less exploited there's more money to be made there so i think it's a it's a very interesting correlation of forces right now and that as much tough talk as the u.s. is doing about iran it makes no sense meanwhile the united nations security council members the entire united nations just voted sanctions against north korea are you going to tell us about that well yes and i think you know the u.s. administration was playing trying to push even further was pushing for like a naval blockade and a total cut off of oil imports and the russians and the chinese say no we're not going to do this i mean there is the chinese do not want to see the north korean regime collapse and this flood of people over its borders and they also don't want to see a warmer more and they don't want to see a war and they were and they don't

what does it mean for american national security, europe, and the middle east? it's important to rank these issues. we the united states are insulated from this for reasons i already stated. here's the reason for that. seven american militants who have been trained in iraq and syria have returned to the united states as far as we can tell from public record. there may be one or two we don't know about. the french interior ministry said publicly in july 271 french militants have returned. the french do not have a really good way to track these folks. obviously when you have had 7,000 europeans go one country, a couple dozen in europe. the problem in europe is much more profound. what we don't know what's going to follow isis, but we can almost guarantee whether it's al qaeda emerging with isis, bits of al qaeda and isis merging, there will be other iterations of this. that's because there are nine big drivers. there is the reasonable civil war between the sunni and shiia that nadia referred to. there is the social media that amplifies all the negative trends. the

, there is come and there is a sense of history in the middle east that they have very long memoriesand they look very far into the future about how to take your society that once sat with the gentleman who openly became the chief justice in this building and we were getting ready to reappoint some justices to the iraqi supreme court who had been thrown off the bench. they're almost executed by saddam but he didn't execute, threw them out the bench because he basically wants to dictate to them what the ruling should be that impacted his son. these men in their 70s, they all came together and i was talking to this gentleman. his name is mark mode and i think you know, there's a lot of work to be done to rebuild the judiciary here. the iraqis were writing laws long before the invention of the mechanical clock. he looked across the table through thick glasses and he said to me in a new era as a lawyer, to. he said we have been here before and he was very striking because he wasn't talking about priests. he was reaching back to this great history that they have, this great legal history

really what they have done to perpetuate violence across the middle east for support for trar terrorists, and causing probl s problems, and so we have taken a holistic look at this, and what is different about the president's approach is he didn't look just at the iran deal, and he placed a decision on the deal in broad context on how we protect american citizens and allies from the destabilizing behavior. >> what is the decision? do you know? >> i know what the president is, but when the president reveals that and talks about it he will place it in context of the broader approach to iran and what we have to do as a nation to protect our people, and what we have to do with our allies and partners to really prevent iran from continuing this very disablizing behavior and the threat to israel, and the flow of these very destructive weapons through this clan destin network they set up from gaza to syria and -- >> understood. dangling it the way the president did is good showmanship, perhaps, but also could be disablizing. you had a religious leader and is prone more towards extreme views and

o i'm not giving up on middle east finding its way towards democratic institutions. we get very impatient with people when they're trying toe find their way to democracy. we say, either they just don't get it.on or look at all those, you know,, the muslim brotherhood. we forget, as we talked about, david, our own history of democracy is pretty long one and pretty tough one. so i would say use the polish example.e.. try to plant some seeds for democracy. there are entrepreneurs who are people on whom you might build further democracies. there are civil society groups, women's groups. tunisia is an example where a national labor union and civil society groups actually managedy to bring about something that looks a nascent democracy. i'm not ready to give up on the middle east yet. >> since mubarak has there been move towards more democracy in egypt? >> no, in egypt, egyptianawful military rulers look-a-like egyptian rulers for a while, saddat, mubarak. there are civil society groups we need to support to help. what happens in the middle east, the moment you have a chan

we have to help more liberal laces the organized when opportunity comes. >> in the middle east before we go to the far east, the middle east, israel, theirs under a one state solution or a two state solution. if you have a one state solution and you can really have democracy. >> i think for israel to remain a democratic jewish faith, it has to have a democratic state. i'm a believer in the two state solution and eventually they're going to have to get there. >> talk about the gulf states, the gulf cooperation council, those countries. you don't think that democracy will break out there or should? >> there is a monarchy and they have varying degrees of liberalism toward places like women's rights and varying degrees of liberalism toward the marriage of religion and politics. that some interesting things are happening there, even in a place like saudi arabia, arabia as really basically now a generation shift and most of, most of a majority of the people studying in university in saudi arabia and their great university, are women. >> now we're going to have an interesting kind of test he

is it middle east peace or more than that? >> look, middle east peace as our beloved friend charles krauthammer said, wake me when peace breaks out. talking about that, every president ever. we celebrated the anniversary of the most important peace accord in 1978. today is about reassuring -- the two big questions, how do we button things off in syria and wrap it up in the end? the situation isis is basically cornered and now what next? so the conversation with the jordanian king is very, very important. but then the other big question is this. how does europe, how does britain and the united states and our allies on the continent and in the u.k., how do we go forward on trade, on mutual defense, on all these issues that are there? brexit and european union issues are important for the united states and trump's relationship with theresa may is very important. >> bill: disagreements there in the past. chris stirewalt in washington, d.c. the president left trump tower where he spent the second or third night, two or three this w

tracy: this is "bloomberg markets: middle east."m tracy alloway. last week bloomberg revealed that saudi aramco was set to prepare contingency plans ahead of a possible delay of a much awaited ipo. let's get more on that story. managing director of the brokerage is still with us. saudi aramco listing, usually important for the markets. what would it mean for investors here if the ipo was delayed? abil: this is going to be clear message that saudi is not able to deliver on what has been promising. honestly, i think we start to see the beginning of that with revising many of the targets of the national transformation land -- or program. that have beenny canceled. investors are looking closely at the moment whether salvy will be able to do it or not. saudi has never went into an and bp before. don't really have experience. the targets, in my opinion, and many analysts said it was ambitious. i begin was kind of expected. you have to take in mind, it is very progressive. it is trying to change things. i am sure it is big opposition in wh

is that you know if there are various governing systems in the middle east or elsewhere that'sine as long as there is no direct repression there is no day erect violence there is no direct confrontation and the killings of not only thousands but hundreds of thousands perhaps millions of people in certain countries and so in the end of the day this is really about at least relative justice and about restored active justice about furnace and the lights about prosperity about economics about doctrine so in the end of the day yes i think the principles of the arab spring freedom justice and and social liberty and so on so forth it's all been important and remains important and to a large degree the kind of dictatorship and terror any of we have in the middle east and the muslim world in general would always be an engine for terror or a moron bashar thanks for that. and talking about cars other countries signed a deal with the united kingdom to buy twenty four fighter jets the sale of the typhoon aircraft was agreed at a meeting of defense ministers from the two countries in doha qa

this is "bloomberg markets: middle east."et's get you a quick check of how the markets fared on friday. let's start out with the u.s. close. u.s. equities range bound on friday. kind of bowlers -- kind of boring to be honest with you. dow jones matching a drop. let's look at the broader macro moves that might interest people in the region. look at the 10 year u.s. treasury yield. treasuries catching a bit of a safe haven. the yield on the 10 year falling to 2.25%, after reaching 2.27% thursday after the the more hawkish than expected fed statement. take a look at the emerging markets index. that was falling again friday, a second day of consecutive down days. again off the back of the fed taking a knock off a six year high we had seen. oil is part of the emerging markets story. oil continuing its rally. we had that technical meeting in vienna by opec members. we will discuss that later in the show. let's take a look also at some of the currencies. we have fx moves in the market. that is where we are seeing the geopolitical st

speech highlighted divisions in the middle east. israeli priechl mime minister b netanyahu called it most courageous and bold in 30 years. a foreign minister called it hate speech, better suit ford medieval times than the 21st century. anthony. >> major garrett. thank you. >> long before the special counsel began investigating russian meddling in the u.s. election, and whether anyone in the trump campaign was involved. paul manafort was the target of an investigation. and surveillance of trump campaign chairman. here is jeff pegue. s. >> reporter: cbs news learned surveillance on paul manafort occurred. intercepts picked up conservations between manafort and russian individual as but the campaign. intercepts potentially include conversations between manafort and mr. trump. part of the investigation intensely focused on manafort. >> i answered questions and dismissed. >> last week, a spokesman, jason maloney appeared before a grand jury. in ju lie, agents raided manafor's condominium in virginia reportedly picking the locks to getten

people who live in the middle east, enough of them realize it's either ice or isis.they really see there's no gray area. arab states are much more comfortable with extremist who allow them to continue to roll there with liberal voices that ultimately know they have to leave. for the first time in our i history we have to actual democratic governments that allow for freedom. we have not experienced that yet.t. they're more comfortable -- so, there's a plethora of them. so who is to decide. if there's really an intention and retribution that in order to really counter the ideology you need to look at the virtual space where people go for knowledge for this kind of material that furthers real tolerance and nonviolence. you can have a committee and i think it would not be hard to identify who can, but it so much. there's a will there's a way.bl. >> i'm an attorney and veteran of the army. sixteen years ago my sister had just left a job in the north tower. no one she worked with survive. i particularly touched by what went down on 9/11. i've tried to understand it and don

north korea there's iran are you worried that some of the situations the war situations in the middle east are beginning to get overlooked. they are not overlooked by the actors themselves because we see on the ground that warfare is going on in yemen in syria in iraq in many other places and we are worried about the deep impact on society is the difficulties also to channel humanitarian assistance towards the needy but of course in the public perception perception on the political agenda it is indeed worrisome to see that some of the deep humanitarian crisis is do not get the attention that we would like them to get here tomorrow thank you very much i know you got to go back inside for another meeting with another world leader as the meetings continue the general assembly continues the security council also meeting speeches there by global leaders talking about peacekeeping we're also watching the various meetings that president trump is having today most of those focusing on the middle east or you've got a busy day coming up james haven't you james bays live at u.n. headquarters in new y

and staying in the middle east r.t. speaks exclusively to the deputy chief of the lebanese military group hezbollah and its battle against terrorists in syria. hello there it's nine am here in moscow and you're watching r.t. international with me making arun good to have you with us. the u.s. envoy to the united nations says diplomacy is failing with north korea after pyongyang conducted its largest ever nuclear test on sunday the u.n. security council met for urgent talks following north korea's announcement that it had conducted a controlled hydrogen bomb explosion the impact of which triggered an earthquake in the region but so far it seems the united nations has been unable to come up with an alternative or new solution for the crisis. and enough is enough i think enough is enough the stakes could not be higher the urgency is now time is short action is required are countries patience is not unlimited. policy of strategic patience is over or is never something the united states wants the united states does not think

i've been to europe now and i've seen what other countries in the middle east have made of themselves i'm angry at us for allowing this to go on for so long. and that sentiment pervaded the iraqis that i dealt with. one of the things to remember iraq was a dry country. it was a very liberal country where they have separation between mosque and state. you could be living next door. you could be shiite and be living next door to a sunni. the idea that this overtaking of sectarianism is something that has always been present but has been amplified by the influence of outsiders like iran and has been influenced by that. and other terrorist organizations. iraq was not a radical country. saddam hussein started acting that way and sort of found religion after the 1991 gulf war. he wanted to be able to attract more of those folks so that he could then use them to increase his fear of influence. understanding the immediate realities how reliable would you say that the u.s. is a partner to that. how much of a hit and credibility do we take by walking away from admission. i think about syria tod

the rest of the middle east, i'm not ready to give up on -- the middle east finding its way toward democraticinstitutionst you know we get very --with impatient with people when they're trying to find their way to democracy they don't look at it or o look at all of the muslim brotherhood and we tergtw forget as we talk about david our other history of democracy and a pretty long one and tough one. and so i would say --polish e use the polish example and there are entrepreneurs who are people on whom you might build a further democracy.ere are there are several society groups, tunisia is an example of where a national labor union and women civil society groups have actually managed to bring about something is that looks like a democracy so i'm not ready to give up on the middle east yet. >> egypt has there been a movement to more democracy in egypt? >> no, in egypt, the egyptian military rulers look an awful a lot like egyptian rulers have for a while. et cetera, but underneath again, there are siflt society imrowms that we ought to be supporting, to try to help. you know what happens in the m

and i warned that when that sunset comes, a dark shadow will be cast over the entire middle east and the world because iran will then be free to enrich uranium on an industrial scale, placing it on the threshold of a massive arsenal of nuclear weapons. that's why i said two years ago that the greater danger is not that iran will rush to a single bomb by breaking the deal, but that iran will be able to build many bombs by keeping the deal. now, in the last few months, we've all seen how dangerous even a few nuclear weapons can be in the hands of a small rogue regime. now imagine the danger of hundreds of nuclear weapons in the hands of a vast iranian-islamist empire with the missiles to deliver them anywhere on earth. i know there are those who still defend the dangerous deal with iran, arguing that it will block iran's path to the bomb. ladies and gentlemen, that's exactly what they said about the nuclear deal with north korea, and we all know how that turned out. unfortunately, if nothing changes, this deal will turn out exactly the same way. that's why israel's policy regarding the

>> as many people know there is a boom across many parts of the world and the middle east where terrorist groups are gaining ground. by people a head organizations that middle-aged ladies like myself they think the word bully has a negative connotation. [laughter] but the key is certainly this is a potential threat people are not engage sure do not have opportunity and to have a purpose in their lives and it will compound that existing many times over with that demographic it is also a potential opportunity we're not fighting the same people we were on 9/11. many of those are in preschool or grade school those future recruits are still very young. this is an enormous opportunity. if people could positively transform their nation but i am afraid there is too little attention paid to move this issue as we were talking about before the session how many if we want to a transformer that strategic landscape with it is far from the newly part of the solution but to dominate that discussion and that is changing. >> so what should that be doing as specifically as possible? it is so easy to point o

across the middle east is to really their eyes on america israel turkey is rivalry saudi arabia so they do not really see the kurds as being the primary target of their concern but they want the kurds to if they if they anything they gain any level of seventy should not be a threat to their national security and this entity should be a friend that the iranians when it comes to the kurds they think it's a very important strategic issue to have this years of iraq and the kurds being still allies and having good relation there always emphasizing that this strategic . relations should remain intact and occur and they also want stability inside iraqi kurdistan now when there is a this kind of. moves of its referendum almost always independent when everybody's worried the iran is actually more calm than everybody else they're fairly confident about their their ability to control events in baghdad and they are engaging the kurds they were a bit surprised by the kurdish stubbornness but i come back to this point about the tragic community's response when you mention oil only if you. have to int

another wave of my ground turkey in the future we never know you what is going to happen in the middle east but the fact is turkey and the european union signed this agreement in two thousand and fifteen march eighteen and their european union promised to turkey to have to contain this three point five million syrians in turkey and the promised. money was more than three billion dollars until now definitely there is a mechanism between turkey and the european union on how to spend this money which is under control of the european union and turkey has no direct if you want impact how this money is distributed turkey's making purred projects and the european union support this and it will be applied i would say on to now it function with all the critics very proud the question is now how turkey and the european union will continue to deal with this problem and the ressam discussions that churches share u.d.p. and you know relations will be cut of all break down and turkish membership is questioned there are all the political statements but on the field between turkey and the european union th

dean president of the middle east research institute welcome to you all the lawyer in this deadline what does it actually mean well this has been anticipated it will mean a lot of inconvenience for both the kurds and the international network of business friends diplomats tourists and you name it people see very nonsensical punitive measures taken which is really also seen as pointless because it will not serve any purpose people will not all. of the kurdish leaders would not be in any way moved by this and many people expected to be temporary because if the kurds could not convince baghdad to restart it the international community will and the airlines well and certainly people the authorities here have opened doors to baghdad saying come on run it yourselves do we will do what it takes but baghdad is not offering any alternative so while this is just causing problems and inconveniences it may seem as though they're isolated kurdistan but in reality because i'm not very worried about this because if that's the kind of measure coming then that's not the end of the world this will be a tr