joining us from the uae, professor of political science in the uae, thank you for being with us. why has the united arab emirates introduced national service? the topic has been discussed for so long. there is more or less a consensus that it is needed. i think there is positive feeling and the timing is good. the uae it's been becoming difficult. you know, this country lives in a red zone and military service, compulsory national service is definitely in order. >> are there social reasons as well as military ones? we do have a younger generation that appears to be somewhat la lazy, attending to social media away from national priorities, maybe introducing the national compulsory service will introduce some discipline for the youn younger generation. so i think the social reasoning has to do with bringing in more discipline. it's a country with small population and with a small army, and it doesn't hurt that you have a couple of thousand ready for any eventuallities. >> 5.5 million people live in the uae. but this only applies to uae citizens. 90% of the population. >> that's ver

. >> the index that measures them the morgan stanley capital market, qatar uae left. emerging market status analysts say part of the reason frontier markets were doing so well is because qatar and uae had big gains in that market. >> co-author of the book winning in emerging markets, the road map for strategy and execution, he said these exotic funds are only for those with nerves are steel. >> you could have returns of minus 30% plus 50% minus 12% and so on, so forth. so it really is something for sophisticated investor or somebody who has a little bit of money to play with through a specialized agent. >> bricks, brazil, india, china, how do you distinguish between an emerging market and a frontier market? >> it's a matter of degree. think of an emerging market as an adolescent and a frontier market as a baby and adults, you and me, frontier market if it ever gets its institutions mature enough, will graduate to emerging markets and sometimes into developed markets. united states was at one point an emerging market in one sense. it's a question of degree and it takes

we cut up with the will minister of the uae. he had to tell us on that matter. >> we hope that this -- the incidence in iraq will be controlled. the violence in oil-producing countries is reduced. reserve from the rest of the member countries to overcome. impact foresee a major on the production of iraq. >> if iraq was the only disappointment, that would be one thing. but it is not. there are three. libya is another big issue. they can produce as much as 1.5 million hills a day. it is producing closer to 150,000 barrels a day. they haven't exported so little sense colonel qaddafi fell two years ago. the oil is not getting to the ports and getting out to sea. then there is iran, which remains blocked out of international markets. six months ago, there was hope there would be some sort of reg through and the sanctions would be lifted. there have been some sanctions relief, but nobody thinks we are close to a breakthrough that would lead to iran being able to send its 700,000 barrels to its needs to the market. that is another big

we spoke with the oil minister from uae yesterday. listen to what he had to say. >> we hope that the incident in iraq is going to be controlled area -- controlled. we hope that the violence is reduced. reservewe have an off from the rest of the member countries to overcome. impact for see a major on the production. >> libya remains a problem as well. output at about 1/10 of what it could be. they could produce as much as 1.5 million but infighting is meaning that that oil isn't getting out of the port. iran is still blocked out of the international oil market. we have the sanctions relief deadline looming in july. everybody thought iranian oil might be able to come to market, that they might be able to find some kind of resolution. of course, no one really knows when that is going to end now. that is also holding up opec's supply. >> let's talk about the leader of -- for the last couple of years, we have been talking about this. any sense that the story is firming of it? >> we have a new name. destiny, she is nigeria's oil minister, t

and getting out of the middle east, we've lost influence with the saudi arabia with turkey with the uae, that the united states is deeply engaged and that makes us a credible pattern with saudi arabia, turk uae qatar and others in trying to create a middle course between really unsavory secular leaders and really unsavory islam u.s. extremists. >> secretary kerry said al-sisi gave him radio strong commitment to the judicial process. this all happened on sunday. it certainly seems meaningless given what happened on monday. so why would al-sisi do that? because in a way isn't it embarrassing secretary kerry? >> i think that's what secretary kerry wanted to hear so that's what al-sisi told hip. the key thing for united states is to look at the actions not the words. and in this case we've seen the actions and then the u.s. actions in response appear to have been fairly benign and i think that's exactly what al-sisi expected. >> now let's listen to what white house press secretary josh earnest had to say. >> we call on the egyptian government to pardon these individuals or are reduce their

as a result of the alliance, 65 flights now connect in the uae. emirates has one of the world's largest fleets of a-380s, built to carry more than 580 people, it attracts a market business with a host of first class features. the airline has recruited cabin crew from around the world in a bid to improve the standard of service for international passengers. >> we've got cabin crew from 130 different countries. we're going to expand globally. our footprint is seen in many parts of the world now. >> location has helped put dubai airport on the international map. operators are now spending huge sums to ensure it stays there. nhk world, dubai. >>> it's time now for a check of the weather. people in central europe are dealing with extreme heat. >> hello. two major factors are creating extreme weather conditions across europe. one is the heat dome that's still prevailing across central locations and even poland. take a look at this. people are actually enjoying this hot weather, but they are experiencing exceptional heat. temperatures exceeded 30 degrees

i was in the uae and also saudi, visited with the crown prince.ull their diplomats out of qatar because of the money that they're throwing into the syrian rebels which in turn are fund iing al nosera and isis which are the very enemies we should be fighting in iraq. >> what i'm trying to understand -- and i wonder if you can help me a bit -- we talked about the u.s. companies that have significant exposure in qatar. there's also an air base there which is a very significant air base for this country. you heard our guest talk about it in the piece, but the number one supply location for the military. 6,000 u.s. air force members are located there. there's a $400 million annual budget. even saudi arabia, an ally of the united states does not allow such a base to be in the country. is this why the united states finds it okay to have these funding activities going on in an ally? >> well, it's a very strange relationship. i think we want to keep them in the tent as much as we can. they do allow intelligence sharing like the saudis do, but at the same t

echoes that slightly is in the gulf news, which is based in the united arab arab -- united at -- in the uaethere are no good options. what we've got is a massive headache for obama and the advice is that he must now get personally involved. he must send in his special forces and he's got to secure a leader- more inclusive then prime minister maliki. we all know itn, is horrific it for obama. he has to act fast, all the while knowing there's no quick fix for iraq. >> another huge story around the world is the world cup with its millions of fans. >> and millions of those fans are muslim, which is the point being made in the turkish paper, which has a comment piece i the writer james dorsey. -- by the writer james dorsey. role pointing out the football has in the lives of muslims. muslim clerics and leaders are saying it is a source of corruption and abomination. others are saying they love the beautiful game. instances there are that late osama bin laden and others within hezbollah, they love the game. the otherample of piece is another current leader has said that it distances religious peop

rademaker, the 123 agreement with the uae. i had the uae ambassador in my office. and he mentioned that agreement, which does not allow the uae to enrich for peaceful purposes on their soil. canada has nuclear weapons for peaceful purposes and not allowed to enrich on their soil. if we sign an agreement with iran that says well, they can enrich on their soil but only for peaceful purposes, how do we ever get any of the other countries to not enrich on their soil? aren't we then opening the door to you name it, saudi arabia, turkey, egypt, why should any of those countries negotiate a deal where they will not be allowed to enrich on their soil for peaceful purposes when clearly we're giving it away to iran? >> i agree entirely with your question. it was the point i was just making, once the united states says we're prepared to accept enrichment in iran, the whole effort over the past decade to stem the spread of that technology to other countries, it becomes untenable. how do we explain to any other country, especially allies and friends of the united states, you're

he will talk with ministers from the uae and israel and saudi arabia's king abdullah. government forces in iraq are countering attacks by sunni militants. the insurgents hit a military air base wednesday north of baghdad and they are fighting government forces around baiji which is the site of the country's largest oil refinery. >>> u.s. media report syrian war planes crossed into erne iraq to carry out an attack on the islamic extremist group. and an antigovernment activist told nhk they saw military aircraft flying toward iraq. sunni militants have been moving back and forth across the syria-iraq border. the air raid could complicate iraq's crisis. >>> a u.s. congressional panel has voted to rename a street in washington after a chinese dissident. members of the house appropriations committee voted to call the street in northwestern washington l lli liu xiabao plaza on wednesday. he is serving an 11-year jail term for trying to subvert state power. the republican lawmaker says it will send a clear and strong message that the u.s. government will not overlook human ri

this comes on the heels of meetings in paris with the representatives of saudi arabia, jordan and uae and secretary kerry has had key messages to communicate that the u.s. has not decided whether or not not to launch air strikes in iraq, but reserves the right to make that decision. the other message, destabilize iraq is dangerous for the iraqi people and dangerous for the entire region. as of yesterday, the u.s. officials say that those middle east allies are not offering military assistance or military efforts and the conversations are continuing today with the king himself. >> the white house is asking for a half billion dollars to arm some resistance there. >> the language that the white house is using they want congress to sign off an half a billion dollars to go to vetted out the elements of the iraqi government and stabilizing the areas under control. many questions about how those moderate sources would be vetted and how to process would work. the president talked about wanting to be able to partner with the regions. some of the members of congress pushing to get the u.s. invo

. >> we have gulf states like laush, qatar, the uae, who are really helping to create isis.em willing to stop private money from their country going to that terror group. what more than the u.s. do, what more should the u.s. do? >> i think that's starting to change. in the beginning of the syrian conflict, many of the arab states in the region were happy to throw their money in with anyone who was opposing assad. and little did they know what they were creating. and we have now this growing, metastasizing isis in syria and iraq. i think our region allies understand the significant threat it poses to their own regimes back home. isis has no fondness for the saudi family or leadership in uae or elsewhere where they've also been involved in ploth again plotting against those regimes. i think they've gotten the message. i don't think we'll see government support going to groups like isis, but they can do a lot more in terms of cracking down on wealthy people within their countries to make sure they aren't funding these radical jihadi groups. >> and congressman, secretary kerry h

i had the uae ambassador in my office and he mentioned that agreement which does not allow the uae to enrich for peaceful purposes on their soil. canada has nuclear weapons for peaceful purposes and they are not allowed to enrich on their soil. if we sign an agreement with iran that of sensibly says they can enrich on their soil but only for peaceful purposes how do we ever get any of the other countries do not enrich on their soil? i we been opening the door to you name it saudi arabia turkey, egypt? why should any of those countries negotiated deal where they will not be allowed to enrich on their soil for peaceful purposes when clearly we are giving it away to iran and? >> i agree entirely with your question and that was the point i was just making. think once united states says we are prepared to accept enrichment in iran this whole effort over the past decade to stem the spread of that technology to other countries becomes untenable because how do we explain to every other country especially allies and friends of the united states you are our friend so we are not going to let you

he will talk with ministers from the uae and israel and saudi arabia's king abdullah. government forces in iraq are countering attacks by sunni militants. insurgents hit a military air base wednesday north of baghdad. they're fighting government forces around baiji, the site of the country's largest oil refinery. >>> sunni residents in northern iraq have condemned air strikes by the xia led government. sunni militants are consolidating their control by taking advantage of anti-government feelings among residents. the fierce fighting forced more than half a million people to flee their hometowns in the north. about 2,000 people are sheltering at a camp near the second largest city of mosul. this sunni man says he came to the camp with his family after government fighter jets bombardeds residential areas. >> translator: it is the government who triggered the conflict between sunni and shia. >> translator: if we're treated this way, i would rather be controlled by militants. >> government officials claim the air strikes have been effective, but they also appear to be fuel

we see the uae attending the ceremony. we don't see >> katrina hancock: doctor qa >> i didn't see the western ambassadors. i was under the impression they were going to go there. yes see any. trying to find out who that was. clearly, this is a new egypt. it will change relations. it's altering some relations. i look forward to the a quite natural partner in change. i think that will happen in time. i think there is enormous sensitivity in egypt. it's a country where even select criticism is taken very seriously. i would like to see a more relaxed egypt on the diplomatic term and in terms of criticism. >> hopefully will happen before long under at presidential change and we will move on. i think clearly, the united arab emirates have been strong partners. the amount of capital they have provided to vary the economy is significant. i think there will be further investment flows of capital into egypt. there might be some preferential treatment for gce companies in some of the bidding for the larger infrastructure projects whi

in the ukraine for sluggish growth and they are meeting india to discuss the oil production and the uae voiced concerns about the conflict impact on gas supplies. becoming ae, this is major issue and there is no solution. it is going to affect things because of this. i am hopeful that this will prevail at the end of the day and find a solution. >> that is the talk. it is set to restart any minute now. it is one day after the deadlines. let's get more on the story and we are joined by ryan chilcote today to talk about opec and keep our eye on the deal. what are we expecting? well, the thing is, will they come to a deal? therussians announced that deadline would expire yesterday and they pushed it back to monday. the russians, the ukrainians, theyhe year piÑa union, have five days to come to a resolution with the european commission. it may take a few days to come to a resolution because it is not just about price. there are other issues. within the last 15 minutes, the minister said that the ukraine for 1000 cubic0 meters. he says that we want a market price and will pay back our debts.

rademaker the 123 agreement with the uae. i had the uea ambassador in my office. and he mentioned that agreement, which does not allow the uae to enrich for peaceful purposes on their soil. canada has nuclear weapons for peaceful purposes and not allowed to enrich on their soil. if we sign an agreement with iran that says well, they can enrich on their soil but only for peaceful purposes, how do we ever get any of the other countries to not enrich on their soil? aren't we then opening the door to you name it, saudi arabia, turkey, egypt, why should any of those countries negotiate a deal where they will not be allowed to enrich on their soil for peaceful purposes when clearly we're giving it away to iran? >> i agree entirely with your question. it was the point i was just making, once the united states says we're prepared to accept enrichment in iran, the whole effort over the past decade to stem the spread of that technology to other countries, it becomes untenable. how do we explain to any other country, especially allies and friends of the united states, you're

i had the uae ambassador in my office and he mentioned that agreement which does not allow the uae to enrich for peaceful purposes on their soil. canada has nuclear weapons for peaceful purposes and they are not allowed to enrich on their soil. if we sign an agreement with iran that of sensibly says they can enrich on their soil but only for peaceful purposes how do we ever get any of the other countries do not enrich on their soil? i we been opening the door to you name it saudi arabia, turkey, egypt? why should any of those countries negotiated deal where they will not be allowed to enrich on their soil for peaceful purposes when clearly we are giving it away to iran and? >> i agree entirely with your question and that was the point i was just making. think once united states says we are prepared to accept enrichment in iran this whole effort over the past decade to stem the spread of that technology to other countries becomes untenable because how do we explain to every other country especially allies and friends of the united states, you are our friend so we are not going to let y

before top brass in congress, several bases in afghanistan, of course, the gulf states like qatar, the uae and even, tony, saudi arabia. >> john, appreciate it, thank you. on i.s.i.l. fighters move closer to baghdad, a number of countries and international organizations are evacuating staff and personnel from baghdad. removing dozens of people from its baghdad mission. has the iraqi government had any comments from the u.n. and other groups around understand the moving -- and moving,. >> there is no potential statement but an mp told al jazeera that there are security concerns with those diplomats and the u.n. staffers, and that forced them to leave. they acknowledge that. however that mp said she would like to reaffirm all the u.n. staff as well as all diplomats that the iraqi government forces are making gains and they will clear the situation within the next few days. so very confident tone here, that they will succeed in their attempt to root out all the fighters in different towns and city in iraq. >> so omar, a couple more questions while i've got you here. i.s.i.l. fighters took ove

. >> i insist with belief that the uae, kuwait, saudi arabia and turkey and egypt will not be safe. i am sure that this fire will spread to those governments. it is not just about isis, it is about america, america equipped a group, this scenario is america's scenario. >> the u.s. president is sending 300 military advisers to iraq. here is a look how the latest fighting between the iraqi arm and the sunni rebels. the rebels say they made what they called a tactical withdrawal. the fight on the road to baghdad is going on for days. the iraqi government is saying that it is retaken most of talafi. kurdish forces are controlling most of the city. live from baghdad and talk about the reaction to president obama's plan? >> the iraqi government's reaction is muted. no official statements are given and the state television here didn't even run the speech. now we have spoken to a close politician and saying look, we are able to handle this crisis ourselves. we don't need american help. we are in this process of recruiting people. and we are in this process of getting the iraqi army ready. s

and analysts say part of the reason why frontier markets were sewing so well is because qatar and the uae had big gains leading up to the move. investing in front here markets is not for the faint of now. joining me now to explorer that say professor at harvard business school and authored the book winning. thank you for being with us. >> thank you. ali. >> sometimes we tell these stories, not to get people encouraged to invest in markets like this, but it's actually possibly to warn them way from them. as good as frontier markets might be. this is not necessarily something the average retail investor should play with. you are absolutely right. it's not for the faint hearted as your lead-up piece suggested, you could have returns of minus 30%, plus 50%, minus 12% and so on and so forth. it's something for the ow sophisticated investor or someone who has money to play with. >> most people have after years of talking about bricks, brazil, russia, indian, china, south of ca. they have a sense what have an emerging market feels like, how do you distinguish an merging market and frontier marke

enterlich in turkey in qatar, uae and surprisingly tony, saudi arabia. when that came out in congress there were gasps. >> john terret, thank you. >>> later on, we'll see what a veteran of the war in iraq has to say. >>> release of abdullah al-shami, his condition has gotten worse. al-shami is one of four detained journalist, only one who has not been charged. roxana saberi joins us. roxanne. he has been held without charge for more than 300 days. three other al jazeera journalists remain behind bars. for ten months he says he has done nothing wrong. he had been working as a journalist for al jazeera arabic whether he was detained, on january he went on a hunger strike. within four months he lost almost a third of his body weight. evidence in this video, smuggled out in may. >> despite the authorities knowing this, i have been detained for 266 days without any charge and without committing any crime. >> just days after the leaked video was broadcast al shami said he had been placed in solitary confinement. in a letter smuggled out of jail, he said he has

the uae central bank mentioned a few weeks ago they were concerned about overheating in the property mark there. that has start this had decline that we have seen. the real question, the global question for investors is whether this is somewhat of a canary in the coal mine for somewhat overheated -- we don't know the answer to that yet, but that's the concern. >> i feel like we've been here before with dubai. >> we have, but it was a while ago. >> as i hand it back to you, we are heading down on the markets, down at session lows, 53 points lower on the do you. >> simon, thank you very much. spl sploo. >>> coming up. she missed a key advertising meeting saying she simply felt asleep. we have the story, and we want to you weigh in. it will be the focus of today's viewer vote. go to cnbc.com/vote to let us know your thoughts. >>> before a break, lebron james opting out of the final two years of his nba contract with the miami heat. he's now a free agent, but that does not mean he won't return to miami. if they offer him the bedeal, he could remain with the heat. we're going to talk abou

since taking back power it's also collected more than $8 billion in aid from saudi arabia, and the uae. in a region where loin alliancee more important than ever, the united states may not have as much leverage as it once did. but the white house is still calling on president al-sisi to pardon the three. >> we call on the egyptian government to pardon these individuals so they can be released immediately. we call on president al-sisi to provide protections for free expression and assembly as well as the fair trial safeguards that are required by egypt's international obligations. >> adam may, al jazeera. >> not just free speech rights we're talking about. the cairo government face allegations of broader issues. obviously at al jazeera we are very tentativ attentive of our al jazeera colleagues just doing their jobs. this applies to a broad swath of not only journalists but other speakers. >> tens of thousands of people arrested and in detention. talking about many, many trials. there were other trials today for instance in egypt that resulted in mass sentences. the al jazeera trial is

i'd go to the saudis and the emirates, the uae, and restore their confidence in the united states, thatn this fight with them, that we've got their back. that we're willing to make the kinds of commitments of resources and personnel and our own military capability so that if they do get a caliphate established in that region, say, iraq and syria, that we will have skin in the game. >> but would you reintroduce u.s. ground troops? >> to do what? to go in and fight a major battle? i'd be reluctant to do that partly because of the confused political situation inside iraq itself. i would give serious thought to the -- some of the kinds of things we were able to do in iraq previously with our special ops guys. they are very good, very sophisticated, able to target individuals. >> how do you feel about bringing iran into the discussion about iraq? >> bad idea. the iranians are, in many respects, the common enemy for a lot of our friends out there. the idea that we're going to welcome iran in to solving the problem in iraq is like bringing the russians in to solve the problem in ukraine. >> as

. >> uae numbers are very high. palestinian numbers are very high.ing deliver. he went there and the speech in jerusalem, people remember the israel part. the compassionate speaking about palestine was forgotten by others. so one we say high, we're talking 30%. >> thanks for having me and continuing the conversation. >> years from now we will have another conversation. >> i hope sit better. >> we will see what happens. up next, it's been 100 years since the birth of commercial aviation. much has changed in the airline industry since then but one thing has remained constant. a delicate balance of highry risk and high reward. we will explain when we come back. >> in today's across the skies, richard quest looks at the challenges for an industry that has historically balance d high risk and high reward. >> it all started with a 23 minute flight in a flying boat across tampa bay, florida, in 1914. it was humble beginnings for an industry which has transformed our world. then the mayor of st. petersberg paid $400, worth $9,000 in today's money for the pri

said, it's vital that we not just align with those groups that we bring in the saudis, we bring in the uae, who also say, at least officially they too are opposed to what isis is doing. that these can get it out of being perceived on one side of the sunni-shia line. >> gene, the easy talk that we used to hear about why aren't we supporting the insurgents in syria, why aren't we giving them everything they need? now we're seeing some of the possible answers to that. and also, when the president talks about supporting vetted people, who is doing the vetting of who's going to get this stuff in syria? >> well, you know, that's a very good question. what the president said he worried about all along walls that, you know, number one, which rebels are we talking about and will weapons -- or heavy weapons that went to what we thought of as the good rebels find their ways into the hands of the bad rebels, the isis rebels? as steve clemens demonstrated in his reporting, isis, the crazy jihadist group that's essentially taking over big chunks of syria and iraq in an attempt to make a little jihad sta

settlement and afghan reconciliation, they were told to choose four addresses: turkey, saudi arabia, uae or qatar. they preferred to steak in qatar because they think qatar is more neutral on the afghan issue. the taliban in the past said they wanted demands to be met, prison swap and, also, the names of the leaders be removed from the black list and three to be acknowledged as a powerful military entity. this is definitely going to be a first step that would engage the taliban in to a broader talk about the future of afghanistan, a situation where definitely will have the qataris play a crucial role because as we speak, the afghans say we are only talking indirectly to the americans, which means you still have a country like qatar playing an active mediation here. >> hashem at the foreign ministry, the qatari ministry in another part of doha. thanks very much. >>> the family and friends of the released u.s. soldiers say they have never forgotten him. al jazeera's alan schauffler is in idaho. he sent this report. >> reporter: captive american soldier bowe bergdahl may have fallen off of

be a material amount of oil taken off line from iraq, it's going to be made up by saudi arabia, the uae, the stable portion of 0 peck, that could take care of it short term. the long term story, 9 million barrels by 2017, that's a bit over estimate. the long term plans are destabilized for the oil producers and if brent and wti continue to go up, the trade is to buy brent and sell wti because the producers will have incentive to hit that big. the companies that have export licenses will have incentive to bring canadian crude through u.s. ports and ship it off to the european continent. it can change the way oil moves around the world. >> this move has been swift and sudden. is it overdone? >> suddenly the level of political supply disruptions has set the scene, a really huge amount of oil off line. balanced precariously by a huge amount of oil on the supply side. if you look compared to say, january 2011, the amount of oil across the world has risen by 3 million barrels a day. the issue with iraq is there's a short term and a long term issue. certainly in the long term this is a major d

. >> o'donnell: uae, saudi arabia? >> absolutely. jordan. these are people who have been supporting al qaeda all along they give their money to the most successful group. the success that we're seeing on the ground today is drawing in more money. the other place they're getting money is from iraq when they over run a city, they gather all the money that happens to be available in that city. they are a very wealthy terrorist organization. >> o'donnell: also have very sophisticated social media campaign they have used twit other and outwings to recruit other jihaddists they have this sweet using dark humor that went viral where they included reportedly this image of first lady michelle obama where she had held up that sign that said "bring back our girls" they said "bring back our humvees." why are they able to operate, they can do social media like that, why can't we get them? >> this is what happens when you have safe haven. this is what al qaeda did prior to 9/11, what al qaeda did have freedom of movement. you're able to do those kind of t

started in syria was that you had the russians and iranians helping assad's regime and you had the uae qatar, united states, france, turkey trying to help the syrian rebel forces. it has been an utter mess. so you don't have the direct involvement of all of these countries. you have money. you have intelligence, you have battle plan ideas. you have various degrees of weaponry that are provided but none of the outside powers are directly on the line with the extension of perhaps iran who did send some revolutionary guard into syria to haep saweel. it's not conventional in that sense. the question of it being under handed. if you look at gorilla tactics, very frequently what we see with isis is a worrysome organization but it's not classic -- there are chechen. some of people have been outrageously brutal and vicious frustrated chechen militants who became tired of the fight inside russia and have come here. so you've got a kind of roving band if you will that extends far beyond the middle east north africa region but up into asia and others of people who have been trained over the last

>> the countries of the gcc, kuwait, saudi arabia, bahrain, the uae and qatar, are all concerned thatpower and its influence in an aggressive way against them. their protection against that is the united states. so every time the united states -- every time it looks like the united states is cutting a deal behind their back, they get worried. that's what happened when the united states announced nuclear negotiations with iran over its nuclear program. they knew nothing about it, and they were totally surprised, and they were quite alarmed. david: i think a lot of people out there,, would wonder why. i mean, obviously, one of the biggest concerns or one of the countries with the biggest concerns about iran is israel. but why would these arab oil states have concerns about iran? >> because, i don't know, maybe 90% of their revenues come through oil shipped through the strait of hormuz, and iran with basically a couple of large frigates could close the straits of hormuz, that iran particularly in bahrain but also in saudi arabia and kuwait is fanning the flames of sectarian tension, usin

>> i just returned from the region recently, the uae, saudi arabia.e of the largest financers of terrorism in the world from not the government itself, but by some of the royal family. that concerns me. have i looked at the documents coming out of the white house. i do know that they are monitored and under surveillance. but they are free to roam the country. and as like adam schiff my colleague, i am concerned about their ability to make contact with the terrorists. and remember, one of the five has already announced, noori, that he is intent on returning to afghanistan and killing americans. and that gravely concerns me. >> you know, the secretary of state john kerry just spoke with our elise labette. he said officials are going to be monitored. he tried to assuage some of the concerns you are raising, that adam schiff is raising. here is how he expressed it. >> they're not the only ones keeping an eye on them. >> the u.s. is going to be monitoring them? >> i'm just telling you they're not the only winnings that are going to be monitoring them. we h

that triggered some kind of doubt that even hit other stocks , including the biggest developer in the uaeer of the world's tallest tower in dubai. >> do you think it is really just arab dragging the market lower? where do you think the market is going from here? other analysts are saying it could be that the markets have reached unjustifiable levels. some people are saying the drama in iraq and the issue that is andening with the isil the prospects that there might be some intervention from the u.s. could also be scaring investors away from the market. there are other factors, obviously. we are in the middle east. >> ok. we will leave it there. thank you for the update. >> later today, president putin will arrive in austria, his first trip to europe after the d-day commemoration earlier this month. it will be talks over the gas pipeline that connects russia to western europe. ryan chilcote has more. >> russia supplies that you with eu to heat -- tggehe 80 million homes. russia is in a dispute with europe over the price they pay for gas. the reliability of the supply is a concern. what if

that sent a strong signal to many people in the region, certainly to our allies in the region, the uaend the 70's that we were not prepared to intervene to help the moderate elements get rid of assad as was our stated goal. the president said he had to go. we did nothing to make them go. that sends a signal to the rest of the world that the united states is not necessarily so reliable as we were in the past. i just returned from a conference in singapore were secretary hagel made a fine speech about what our commitment is to the countries in the pacific region. after the speeches were made, many of the people who came, 1500-2000, revealed to me that they respect our power but they do not we have the will and the longer to use it. they see as retrenching and retreating from areas of the world and coming back to the united states. it may not be a fair perception but that is the growing perception and the golf and as pertains to ukraine and is certainly the perception in the asia-pacific region. we've got a lot of work to do to persuade the people of our own country that it matters that w

because let me add to this "the wall street journal" arab allies particularly saudi arabia and the uaeing the white house to pull support for the iraqi prime minister. what about the role of saudi arabia? >> guest: i think hussein makes a great point and shows how complicated this has become which first of all i think americans need to be aware of how complicated in the different alliances that are involved in have been involved for some time which goes to my other point we are at the point we have passed the point of early having a lot of great options. this is why the president of the administration should've been engaged very directly very early on before syria even had a problem. these are not new occurrences. these are not new eventualities. that some folks are just starting to realize them is born out of situation that is occurring and it's easy to monday morning quarterback but there have been many over the course of time that is that this is coming. we need to do something. we need to get involved. this pullback pullback strategy and my big things, we are actors in the world an