national bank of abu dhabi name. the merger will allow lenders to compete with regional rivals like qatar national bank. tesla mrs. es after a production ramp. the carmaker delivered over 14,000 vehicles during the second quarter. >> the national bank of of the david in first gulf bank have agreed to a merger that would form a lender which one is $75 billion of assets. for nextr is planned year. let's can more with our executive editor in abu dhabi. some big numbers but what is the significance beyond the numbers? >> as you point out, there are the numbers involved. this will create a larger market .ap then some european banks very significant for the region. the significance goes beyond the simple transaction, it goes to the heart of what abu dhabi is trying to do. we know that the emirate is relying on oil revenue, trying to diversify. is one stepank towards that, creating a financial center in abu dhabi, trying to diversify the economy. other signs in terms of consolidation, another merger on way, all ipic. with things in europe with little regard for book value it is an interesting comparison isn't it, can we e

think when we look at the middle eastern banks we can see the qatar national bank was just buying oneey. these were the banks to watch. yousef: what is going to give us more clarity about the health of companies in this sector? >> we see quite a strong divergence. it is ideal for mergers. that is one to watch i think. is going to reshape the landscaper a much. only two banks have higher earnings year-over-year. they going to report shortly. there been slight increases in earnings. they been quite resilient so far. yousef: what else is out there on the radar? merge to give an their funding cost of both entities are a lot higher than the new entity. they will be cutting costs quite a lot. it is a very tough competitor. it will not be easy for these guys. but i think they have to get together to provide that even though it is a weak one. what is the most alarming development you are seeing in this space? >> for me it is all about asset quality. margins are still quite relaxing. it is all about asset quality. the banks are able to absorb this kind of turmoil. yousef: we will continue to d

the merger will allow the lender to compete with rivals such as qatar national bank. k you. a big week for central banks. mark carney will present his financial stability assessments. as australia's leadership hangs in the balance, we will get the decisions as well. and it eurasia group are still with us. about what lies ahead. let's start at the end of the week. that is the big item on the agenda. >> we will see what comes out. the question is, what happens to lift off? is it delayed until december? the bigger questions will be around the banks in general. we talk about european banks earlier. liftoff is important for european banks. beyond that, you get the results of the japanese elections. a live meeting for the end of july. further negative rates is not good for the financials. anna: it is not just the european banks suffering. there are downward forces that themselves -- could exert themselves. only an 11% chance we get a rate hike from the u.s. federal reserve by the end of this year. middle of what could be a tense political situation. what do you see? whenseem

national bank of abu dhabi name. it will allow the lender to better compete with rivals such as qatar national bank.rkets have responded to the uncertainty of the australian election outcome. us indoes this leave australia? how is the business of doing business going to get done here? >> good morning. certainly the result is still unknown. been closerinly than most had anticipated, although the polls are predicting very close to 50-50. there might have been some sentiment, and the betting agencies might have given the coalition a slight upper hand, so unfortunately we will be very close. we have to wait until tuesday or wednesday for a final result. it does look like the conservatives may just get a majority in their own right, but bit ofse will also be a a battlefield for them to negotiate legislation through. is almost ay, this return to the 2010 time for legislators, and certainly for austrian business. angie: i guess it is not something that you are not used to. this is very familiar to investors here, but of course this time what we are staring at is a aaa rating cut. we are not concerned by th

to create the largest lender in the middle east, trumping the qatar national bank, which has held the top spot so far. we will talk through the implications and the mechanics of the super deal. angie: we are also looking at chinese banks. growing speculation that perhaps we could see a bailout within two years. a lot of people worried about nonperforming loans and what that could mean. economists predict a bailout within two years. it could be up to 10%, a possible bailout from the chinese government could total $10 trillion. that is what we are watching. that is a big bill, don't you think? just checking markets across the asia-pacific, the state of play of the markets. let's take a look at mumbai. it has been trading for about 20 minutes. the regional benchmark at the brexit levels -- the brexit levels. japan turning things around despite the strong yen. we are two hours away from the opening of the emirates markets. dubai started the week with again. abu dhabi the best performer in the region. saudi arabia bucked the trend, only one of the markets to fall. let's check in on the fir

national bank. this will help them compare with regional rivals like qatar national bank.rns of severe flooding on the yangtze river. authorities at flood control facilities have been improved, but rising water levels rose a serious threat. -- pose a serious threat. some of the places are already overflowing with 17,000 people at risk if the dam collapses. by 2600 journalists and analysts and more than 120 countries, i'm haslinda amin. yvonne: thank you. let's return to the australian election, with the voters are still waiting for results. business says the uncertainty is the worst possible outcome. michael turnbull says they have to get on with it. michael turnbull: while the counts take the number of days, probably to the end of next week, i can promise all australians that we will dedicate our efforts to ensuring that the state of the new parliament is resolved without the vision or rancor. -- division or rancor. the prime minister will have to get on with the job. yvonne: joining me is the chief australia and new zealand analyst at capital economics. great to have you

we will be watching shares of qatar's biggest lenders. the national bank6% last quarter, 10% more of what analysts were expecting. a record $190 billion extra growth and revenue. in saudi arabia's biggest telecom operator may be waiting infrastructure assets. saudi telecom has approached potential bidders for towers. they spoke to competitors about merging their towers. saudi telekom said it was considering selling assets to make the company more efficient. the kingdom holding company has a 5.8% stake in hotels. $3.2ays the deal is worth billion. this involves the investment billionaire. fairmount and swissotel grants. theef: nations across middle east are trying to kick their addition of fossil fuels. one of the knock affects his job uncertainty. joining us now is the head of talent solutions for the region. good morning. i have been trying to make sense of your report to get the key takeaways. one being do you see an exodus of ex-pats leaving the united arab emirates? >> thank you for having me here today. as you probably know, we have over 433 members g

bank talking about a merger with the national bank of abu dhabi. qatar also in the green.et's get you up to speed with headlines around the world. reporter: good morning. hillary clinton has been questioned about her use of a private e-mail server while she was secretary of state. she spent more than three hours at the fbi headquarters and later said she was happy to offer more information. the issue has haunted her presidential campaign, republican strategy that she is not fit for office. in these to 22 hostages and six attackers are now known to have died after a standoff in dhaka. troops finally stormed a restaurant where heavily armed militants were holding dozens of foreigners and locals. the attack underlines the growing violence in the traditionally moderate nation where extremism is demanding the government to introduce islamic rule. abu dhabi sovereign funding has denied guaranteed holdings of malaysia's yuan. said that there is an investigation at ipic. anygroup has denied wrongdoing. says thestreet journal malaysian delegation is in abu dhabi to discuss the disp