in the uae on bloomberg television. join me then. 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 administration. >>

it in the uae there have been a lot of changes. what are you seeing their? -- there?hing new, but the phase implementation is exposing a virgin priorities between the stakeholders and the banking sector. on the one hand you have regulators putting pressure on the banks to set aside capital, greater amounts of capital than they were used to before. and with that they are being forced to rethink about the business models and their business offerings. on the other hand, you have shareholders were still expecting higher dividends from the traditionally high paying banking stocks. ist that creates a month uae a flight to safety in terms of how they are building their asset books today. all the banks are fiercely competing for large blue chips and they have almost abandoned entire segments. why want tothat is ask. the flight to safety also means there are those startups and midsize businesses that are left behind. that is a problem there. problem is exactly that. it is no longer welcome business for the banks and that is music to our ears. >> what about the strategy beyond

outbound into the uae is very strong. we're seeing this trend of growth into our area which has a number of great activities for the u.s. market including the cultures that we offer. >> sure. i note what you're doing as well in shanghai. you've launched a chinese representation office in shanghai? >> right. >> are you pivoting east though? surely it must be more comfortable to do business with someone who is open to all religions. is there pivot east in terms of the business contacts that you're looking to establish? >> there isn't really any particular position on this to be honest with you. the u.s. or the american people love travel and they enjoy experiencing different parts of the world. i don't believe anything is going to stop them from traveling outside the u.s. to different parts of the middle east. whether you feel comfortable and safe, the uae has been a fantastic, safe destination. that has been our key selling point. at the same time, our strategy to open in china is merely to focus more on the chinese market

we have announced our plans for the uae, saudi arabia, and egypt. more certainty in the legal framework on how to do business, we continue to look with interest. >> up next on the best of bloomberg markets: middle east, the u.s. immigration ban on countries in this region caused plenty of confusion and bitterness. the key -- we recap the reaction. this is bloomberg. ♪ >> welcome back. donald trump's executive order banning immigration from seven countries caused confusion at airports around the world. bloombergs -- >> the most interesting reaction we have had from the middle east is probably what has been coming out of iraq/ . iraqi parliament members calling for a reciprocal ban from u.s. citizens getting visas for the country. it is indicative of the controversy stirred up by truck -- trump's executive order. what further stirred things up thatrump's aide telling saudi arabia could be included in that executive order that has the potential to redraw the regions political lines and alienate one of the u.s.'s biggest allies in the region. >> this ha

if we focuselieve on our market and the uae and serve the uae customers and a better way, this is moreue creation. traditional telco and activities space, moving beyond the borders of the uae in that space is something that can be considered if it brings value and strengthens our core business. yes, that is possible. tracy: that was the ceo with an optimistic tone. let's broaden the conversation with gary dugan, the chief investment officer of them are its uae. square this for you. -- square this for us. what are the biggest trends you have seen? gary: there were talks of disaster with the oil price falling so far. but quite frankly, we have seen as stabilization. and improvement. areown confidence surveys showing, particularly in the uae, improvement in the as far as outlook and that means that people can put behind them any disappointments with last year's earnings season and save the future looks better. this chart shows how the different asset classes perform. you see we have the indexes and the jpmorgan price return index a white and again, hardly surprise. you have the fed move t

a strong message from the uae's prime minister as the world government summit kicked off in dubai.news reports on shaikh mohammed telling the meeting that the uae will not tolerate any kind corruption. the financial times reports on voters in switzerland rejecting a plan to reform the country's corporate tax system. and emma stone appears on the front of some of today's papers, including the independent. she's won a bafta award for her role in the film la la land. the film also won four other trophies — including best picture. still have not seen it. joining us is nina trentmann from the wall streetjournal. china willing to do more but in south korea, you were there when they carried out a miss out —— missile test? when i was in south korea, just because of proximity, 60 kilometres, and everything from pyongyang does reach seoul and i find it interesting that four years later we are talking about the same thing all over again. is this poses quite a challenge to the trump administration. the defence minister saying last week that there would be a reaction if north korea was going to

allies like saudi arabia and the uae. yousef: we have just come off the back of improving relations, the dÉtente between iran and the united states. you look at the trade flows for iran. you say the -- you see the .iggest trading partners what should investors worry about in particular? alaa: if you look at this chart, or if you look also at the oil market, any substantial change to this requires genetic escalation. more sanctions targeting iran's exports or trade. what you see now is a return on some aspects of geopolitical trade, geopolitical risk trade that does not reflect a change in fundamentals, but reflects more anxiety. in that's interesting. if you look at the oil market, it is a trade that the market has shrugged off time and again the last two years, focusing on supply and demand. but now whenever people see headlines come up, they react immediately. marketse will see if respond. alla shaheen, thank you for joining us. later in the show, we will be joined by our guest, talking about top market picks in the mid

we like the uae from a fundamental perspective.al bid from investors because the uae is the most owned market by foreign investors. yousef: coming up, dubai released its 2016 results and we spoke to the company ceo about the challenges facing insurers in the year ahead. this is bloomberg. ♪ yousef: welcome back to "best of bloomberg markets: middle east." it succeeded in maintaining three years of consecutive growth. we spoke to the ceo. >> this is the third year we are very much in good profits and growth on the top line and bottom line. it was deftly thanks to the thanks-- definitely impost by the government of dubai -- imposed by the government of dubai. every insurance co i speak to tells me they are in acquisition mode. this has been a region that is over insured, 30 listed insurers, and 60 companies servicing this very small market. when is the talk going to translate into action? >> obviously, lots of cross contamination is taking place. we are in that phase as well. so much comes into the equation because some are still wai

uae was the best-performing market in the gulf last year. but hospitality and trade finance continuing to grow. what are the sectors that you like there? ali: from a stock market perspective, that the market is divided into its biggest components -- banking sector, real estate, and other smaller components. at this point in time i believe real estate is poised to be the to the end of 2017. in addition, i guess the banking sector this year there should be some kind of consolidation phase. yousef: that is key. the numbers we got, clearly the market not convinced. the market is seeing weakness. these statements we got from this company, even pointing out at the deceleration off of the back of lower oil prices is having an effect. see next year we should made to single-digit long growth. from our perspective, it is. -- it is normal. banks have been facing some problems in the cost of provisioning due to the fact of the exposure of medium prices last year. you have mergers happening in of brutality. we believe this here is more of a conciliation

the first time in four years, and began theircampaign with a comfortable win over al—jazira of the uaestriker youssef el—arabi scored twice in a 3—0 victory in doha. and abolfazl alaei scored the only goal of the game, as the iranian side, esteghlal khuzestan, beat al—fateh of saudi arabia. that game was played at muscat, in oman, because of the strained relations between iran and saudi arabia. neymar has lost his final appeal and will stand trial on corruption charges related to his transfer to barcelona four years ago. the spanish club, his brazilian club, santos, and the company run by his parents also lost their appeals, and will stand trial. it follows a complaint brought by a brazilian investment group, which said it received a smaller compensation than was due because part of the transfer fee was concealed. prosecutors are seeking a two—year prison sentence for neymar, and a fine of nearly $10 million. they're also seeking a fine of about $9 million from barcelona and $7 million from santos. now to cricket news. ben stokes has become the indian premier league's most expensive fo

yousef: what about the strategy beyond saudi arabia and the uae?nymore exotic places -- you have a wide geographic footprint, from morocco to bahrain and kuwait. >> our 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 rememb

the other four came from egypt, lebanon, and the uae. the u.s. has strong economic ties to saudi arabia, the uae, and several other muslim majority countries not on the list. this raises questions about possible favoritism. what is behind president trump's very public snubbing of the muslim world? you said the order is necessary as well as right. but none of the terrorist acts committed since 9/11 in fact have been perpetrated by someone from these seven named countries. at the figures, since 9/11, 123 people have been killed in the u.s. by terrorist attacks, islamic terrorists, as opposed to 230,000 killings overall. if president trump wants to prototect americans, when he do well to formulate executive orders on gun violence? i think that is a different conversation but one could argue that. with regard to this order, the concept is we should protect our borders and that people who come in. picking outure these seven countries was the correct thing to do and there will be much gain by that. if you catch everyone who comes in and give them a str

the lender is optimistic about the uae's economy in 2017. told us they are forecasting a lot of the inease in customer financing. the 1% in my opinion is good. we have had the highest of any growth in 2016 among all banks, and despite provisions of more than 18%, we had growth in our net income. that is a fairly good result. the net interest margin for the banking industry as a whole is going to be affected by two factors. how the bank is managing liquidity and the interest rates . i am sure you listened to janet yellen. she talked about increasing the interest rates in 2017. people think that will happen. we see about a half percent increase in the old yield -- oil yield curve in 2017. to the extent inks it did not really manage the interest rate risk, you will see some structure on the interest margin. second component is the ability to manage equity. one of the major success stories of the islamic bank is that we have relied on our retail deposit base to grow. current accounts, savings accounts will attempt to our total deposit space. thi

two were from uae. one from egypt and one from libya. and by the way, none of those countries are on the band and by the way, dana, of the uae, saudi arabia and egypt donald trump has business ties with those countries. so if you're really concerned and add europe in there. france, belgium -- >> would you feel more comfortable if saudi was on there if uae was on there? you would be as critical. >> of course not. this is a counter productive ban. it's ineffective. there's a reason why experts have said this would be useless. this will be a thoroughly ineffective counter productive ban which will not help our national security. he says go after cyber threats. go after individuals who get radicalized and you know something about this because he said this will be counter productive and ineffective. >> let's get ben back in. >> one simple thing here. this is a huge reason why donald trump is the president of the united states and hillary clinton is not. because americans understood that there's an actual threat from terrorism and as he just i

not only has that press c0 nfe re nce the uae next.s that press conference caused confusion, but this tweet has as well. it appears manny pacquiao is destined to fight someone, but we're not sure who it is going to be. hadn't he retired? this was the great debate. he fought a floyd mayweather in the richest boxing bout in history. after that, he felt he had one more fight left in him. he went on to fight left in him. he went on to fight timothy bradley. after that he was supposed to retire. he came out of retirement to fightjesse vargas. now it seems manny pacquiao wants another shot. 67 professional fights now, manny pacquiao. 59 of those winds. he clearly has his eyes on another. jeff horn was thinking it would be him. who knows?m another. jeff horn was thinking it would be him. who knows? if you find out, let me know, john. we wa nted we wanted to show you this. it is a unique celebration we spotted. this is corby town defenderjason lee, helping himself to a fan's pint of cider. his team had just scored to go 1—0 up. this is what ja

where you in terms of your global ambitions are outside of the uae?our ambitions have been founded on a strong vision of what we can do as a bank in the banking industry. we very much believe in that decision. the markets are full of opportunities and threats and the largest threat that banks face around the world is losing sight of the challenges. there are a lot of challenges globally. once those challenges subside and the banking industry, you will see us come back into the international expansion. for the time being we are going to use thick to our core market. when we see stability globally and a brighter light at the end of the tunnel, you will see us come back gradually. >> no acquisitions incurring? >> nothing in the cards in 2017. >> global risks, it is not just to the increase in interest rate from the federal reserve and changes in the yield curve, is it also uncertainty coming out of changes in political systems in europe and the new u.s. administration as well, what kind of risks are you specifically talking about? >> we are not talking a

he was a resident of uae, the united arab emirates, where dubai is.a to france in november. it was later in france he rented a vehicle, bought the machetes that were used in the attack. we know that in his passport, the egyptian passport, he had a visa to saudi arabia. these just initial details. nothing conclusive yet. one reason it's being investigated as a terror attack is that during the attack he shouted "ala akbar," god is great. it's not definitive but you often hear from islamic terrorists when they carry out attacks. donald trump this morning, you may remember, tweeted about this. we're going to put the tweet up on the screen, saying, in his words, "a new radical islamic terrorist has attacked the louvre museum in paris. tourists were locked down. france on edge again. get smart," capitals. this donald trump connecting it to the threat. i will note he's an egyptian national. egypt is not on the list of the seven muslim majority countries that donald trump has listed in his travel ban. also interestingly, he was a resident of the uae, that's a

the major countries were saudi arabia with 9/11, which he mentioned, egypt and the uae, and he did not ban them. he did not ban chechnya and that is where the tsarnaev brothers came from. two years to come in if you want to come to this country. there is extreme vetting, huge vetting so to speak and it is not necessary. it jeopardizes soldier's lives in iraq and it gives the isil group a campaign to get more jihadis. host: you say it is already extreme vetting, but what does that mean? rep. cohen: it means the fbi and all the different security groups, homeland security all look at these people, go into their backgrounds in the most intense passion of any people who enter the country and they have all kinds of physical tests to see who they are, biometric ands, we see pupils fingerprints and they get the best background imaginal -- imaginable on earth. there are women and children escaping from syria where they were put out of their lives and homeland because of the wretched has put on his people. they are not trying to do terrorist activities. they have had their lives destroyed. they

paquiao's advisor also said the fight would be held in the uae, which wont be much comfort to one ofeved a deal had already been agreed to fight

strategybout the beyond saudi arabia and the uae? any more exotic places?ave a very wide geographic footprint. >> our universe is about 21 countries. extends all the way from turkey down to south africa, from bahrain to morocco. >> any picks in that space? there is no particular pick. our investment process is quite rigorous and exhaustive. we're spending a lot of time right now in south africa, in turkey. there is a lot of distress. >> we will have to leave it there, and of course, we will have to follow up. thanks for joining us. still to come in the program, we will be talking to one of singapore's biggest property developers on why it has seen a plunge in profit. that's next. this is bloomberg. ♪ kong, 8:30 inng dubai. these are some of the headlines from around the world. nissan says the decision announced a short time ago was the recommendation and he'll seek a renewal in june. china's social security fund has started buying hong kong equities in a bid to achieve higher returns. the firm has been trading hong kong stocks for the fund. the benchmark ag

the uae minister for tolerance set outsiders need to respect the will of u.s.f there are any concerns are you see some of the concerns come the fears, especially about the muslim ban, the notion itself does have a valid point about why you're trying to .reate a cohesive society there have been incidents in other countries over time, and i think it is the idea they want to protect the society. shery:shery: the company risks s to saudi arabia over plans for plant in the kingdom. the plans may no longer be able to sell to the saudi market after a moroccan refiner starts producing in western saudi arabia. they have an excess of sugar refining capacity. raise $2lanning to billion this year. sources tell bloomberg the raise theany will money through loans and bond sales and will use the money to .inance projects markets returning focus to the fed with janet yellen set to face congress. kathleen hays is a look at the agenda. >> the one-day thing on congress's mind when they grill the chairman of the federal reserve twice a year as the economy and interest rates. this

the fighting going on now is between the sanctions by saudi arabia and the uae. it's hiding somewhere. but he is nowhere to be seen right now. i will yield the details to the question. >> there will be a lot of questions but i will ask to quick questions perhaps based on what everyone has said. people have been saying yemen could have been like somalia and many would argue the situation so at what point does the government going to step back and say it may be that the cost is better than we thought and to give excellency as noted. what do you see is the flaw but that hasn't been at the domestic level for part of the solution was compromised you think would bring them in and how will you be able to add a domestic level? >> the question we say all the time is not enough but to regain the establishment talking to the silent majority i don't want intellectuals to hide behind. no, this process in the end does not representing us so we need to be involved. they are being kidnapped on the 21st of september, 2014. you might accept that or not accept that. i have to talk

, especially msci , and the attention has been paying,owards income dividend season, especially the uae some sort of cyclical action in the markets. yousef: to pick up on that, the strengthening dollar is a concern because it makes gcc more expensive for tourists. how does the stronger dollar play into gulf markets? >> it remains the same. yousef: you are not overly concerned about a strengthening are weakening dollar? ini am extremely concerned the longer term. at the end of the day come you have a lot of companies that leverage, like china and had extendedich loans recently, and that was during the last five years, and most of those loans are floaters. that would be impacted if we start to see more interest rate hikes down the line, which is highly expected. in terms of dollars, i say the retail sector has started now to feel the heat, and the property market also starts to feel the heat, and that has been impacting the q4 results. aside from dollar strength, we are seeing so many headlines out of the u.s. when it comes to the trump administration, michael flynn, steven mnuchin and, h

we see particularly uae doing well this year.eing a ramp-up of investment activity in dubai, expo 2020. in the case of saudi arabia, the fact we have not seen new subsidy reforms has given the economy some reading space, how ever we expect new reforms in the second half of the year, including increasing energy prices, fuel prices for the retail sector. their deficit remains high and saudi arabia. we expect 10% of gdp, so further fiscal reforms are needed and growth will remain below trend and week in our view. shery: chief economist of abu dhabi commercial bank, thank you for joining us. coming up, spending 21 years moving markets with his words as saudi oil minister am a but he is no longer interested in talking about crude. find out where his attention is now focused, next. this is bloomberg. ♪ yousef: welcome back. you are watching bloomberg. i am yousef gamal el-din in dubai. shery: i am shery ahn in hong kong. growth will plunge over the coming year because of the opec production cuts for iran. that 3.3% sees growth in 2017-

other concepts as you know, the czech republic has a long tradition in the defense industry, and i feel uae partners are willing to learn and they want to give up their own capabilities and this is a arfect occasion to create structured partnership based on the cooperation in the defense industry. you have to trust each other. that youto be sure want to invest a lot of money into a project that your partner will maintain or succeeded to convince our partner that the czech republic is serious -- a serious partner that can help them and we also have many things to learn from them as well. it is mutually very beneficial. >> we have heard quite a bit from our administration in terms of the 2% goal for nato members in defense spending. i believe your defense minister has said that he doesn't feel that that is a threat and so forth, in terms of some of the messages coming from our trump administration. i believe that the czech republic is at about 1%, a little more than 1%. do you see that going up to 2%? defense spending? , atirst i have to explain the end of the 90's, there was a big enthusiasm

is interesting about the new york times article is that outside forces like turkey and sedan and the uaeelieved to be buying off the presidential candidates because they all want to forge their own agenda, but lucrative deals or any type of policy. what is in somalia? commodities? not nearly to the extent of iraq. outside of iraq, somalia is the only other country which has received so much funding. it has no oil, some mining but not nearly to the same extent. when the current president was elected, the process was members of parliament went behind a white cloth, they marked their card and then took it toa marked their card and then took it to a transparent box with international observers. they put the card into the box. when parliamentarians are responsible for voting for the president, that would bea voting for the president, that would be a process that could be open to corruption because if you have a national ochre will register and millions of people are going out there, you can't fight every single person. but you could if you wanted to ride 230 parliamentarians. the process itse

he's said the title fight would be in the uae. that's all from sportsday.e watching bbc news. in herfirst major speech on sentencing the justice secretary, liz truss, rejected calls to cut the number of inmates with what she calls "dangerous quick—fix solutions". our home affairs correspondent, danny shaw, was listening. the undercover investigation found widespread use of drugs, a lack of control and serious breaches of security. i want to see the prison population go down because the prison service has got better at reforming offenders. i want to see it go down because we've got better at a society at intervening earlier before people commit the crimes that lead them to prison. i want to see it go down because we've got better at managing the prison population inside ourjails. reductions by cap 01’ inside ourjails. reductions by cap or quota or by sweeping

the gulf news reports on shaikh mohammed telling the meeting that the uae will not tolerate any kindcorporate tax system.

you have high-quality credit with the uae and qatar. the liquidity and equality is more the same.here do we rebound in oil prices? it has been talk in the $55 range since opec made the decision. where do you see the price going, and who stands to benefit the most? my personal expectations, we will see a my l expectations, we will see a very small rebound, but i don't expect oil to shoot above $60 anytime this year. it is good for all of the countries, but as i mentioned before, the likes of qatar, kuwait and uae are in a much 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 t

0k, the worry is if president trump says, ok, you know what, iam scrubbing the open skies with the uaeons, they will save goodbye to boeing and go to airbus. with the buyback and jobs for america, the aerospace industry, not only boeing, sub suppliers and engine manufacturers, are a massive pa rt engine manufacturers, are a massive part of the economy and supportjobs at home. we don't have a unified view in the airline community. the d3 might lobby against gulf carriers but others like federal express have the reverse id and they say the open skies agreements which allow the allied in our positive —— idea. they are positive forjob creation. the message is not even united in the industry. and the irony of it is open skies, which many countries use, is a us concept. i have to ask, if president trump listens to airline bosses and rips up the open skies with parts of the gulf area, that will have a huge ramifications for the global aviation industry. that will have a huge ramifications for the global aviation industrym could have a massive effect because the us is the origin of these open

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

his father who was the foreign minister of the uae was assassinated in 1977 when he was 6 and i think that experience as much as anything if they read this book clearly informs his awareness of the intolerance and violence of islamic radicalism and his personal exploration following his father's death as arab, muslim and father to two young sons shape it is narrative in this book. what i thought i would do is maybe just start off by talking about how you came to write this book, what motivated you and what you're trying to establish with it because we were just talking before you came out here about how this is not a theological treatise, much more than that. for the larger world, lisa was talking, those who are not muslim, it's important to bringing understanding to an area of the world and to religion that's become so central to our political experience. >> thank you very much. it's a great honor to be here. i told the owners before -- >> speak into the mic. >> i shall. [laughter] >> thank you very much. you didn't hear any of that. i will start again. this is my favorite bookstore

uae. >> i was amazed at her skills and like she mentioned she is definitely hockey, unbelievable. >>r: the uae is towards women when compared to the rest of the persian gulf but compared to the west, women like her are still treated like second class citizens >> so many people telling me i'm breaking the barriers, doing trying to get ladies more into hockey >> when she takes the ice -- if atima is on equal footing down to the ultimate in hockey toughness. the ability to take a punch. >> punch me in the face trying to break a fight. this one off the ice, this is back on the ice. you have to finish what you started. just halfway through. >> reporter: as a society, we tend to put up a lot of barriers, but lgu to cultural barriers all the way to physical barriers. but one constant that breaks those is sports. hockey is the same game whether it's played on frozen ponds in ontario, in nhl training complex in arlington or on a climate controlled patch of ice in the middle of the desert. >> every walk of life, every nationality got their team. they're all in. and there is no barriers for all

paquiao‘s advisor also said the fight would be held in the uae, which wont be much comfort to one of four, jeff horn, who believed a deal had already been agreed to fight in brisbane in april. that's all from sportsday. coming up in a moment, the papers. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are claire cohen, women's editor of the daily telegraph and broadcaster david davies. good to have you both. watford fan, united fan. the i leads with an exclusive story about sweeping changes to the nhs that could lead to some hospitals closing. the metro focuses on the death of city banker oliver dearlove who was killed with a single punch on a night out. the telegraph says doctors are failing to prescribe women a pill that can cut the risk of breast cancer by a third because many doctors are unaware that it can be used to prevent the disease. people using public transport face much higher pollution levels than people using a car. they express claims eu bosses have a rosy economic future despite the brexit boat. the newjudge to replace

also, it's not just sending a message to iran but a message to the saudis and uae and other gulf state allies that there is a new leader in town and we understand your concerns about iran. what do you think? >> let's unpack it. the fact that iran did the missile test is arguably inconsistent with the u.n. resolution that was passed in 2011. to be clear for people watching, this is not inconsistent income with the iran nuclear deal and talking about a separate resolution. second of all what the administration was doing was essentially signaling now we are going to have a policy that is going to push back against iran all across the region. iran is an imperial country and wants to reshape the middle east and its image and pushing back. what is questionable is two things. one to do it so directly and unilaterally. what you normally do around you talk to the other countries who put the sanctions in place. the danger now is returning this into a u.s./iran public confrontation. i think we diminished our chances to wrap other countries into this which is what we need to do. >> what would be t

the uae is 12 hours ahead. as well as programming the app's prototype, dayana abboud also gives khadijah advice. >> the youth, they don't know how to find this content. there is not a lot of content they find online. they also need some kind of guidance, and when they find other people or a platform that brings all these communities that want to learn together, so they kind of connect together and they will empower each other. reporter: the arab spring showed just how quickly young people were able to mobilize via the internet. >> they know what they want. they know they want something different. they know they want a better quality education system, a better healthcare system. they know what they deserve, and they are going to ask for it. reporter: to help herself keep going, she thinks of the words of her favourite poet. >> "start walking towards the sun, your legs will get heavy and tired. then comes a moment of feeling the wings with you've grown, lifting." rumi, an arab poet. an arab sufi poet. reporter: k

the uae's energy minister said he is happy with the level of commitment to cuts. >> i am very happy withhe compliance. i think the countries are committed, and we hope that in the months to come we see a similar or higher level of compliance to the numbers mentioned. trump plansesident to nominate former bear stearns asnomist david malpass treasury undersecretary for international affairs. if confirmed by the senate, his first job would be to guide currency policy. he would bring extensive government experience to a team that has little public service background. he previously served as a deputy assistant secretary in the treasury and state departments. a special prosecutor is again questioning allegations including bribery and embezzlement. lee was the vice chairman of samsung electronics. he reported for questioning this morning, along with other executives including the samsung electronics president. the move potentially deals yet another blow to south korea's biggest business empire. that is your bloomberg business flash. guys, matt. matt: thanks very much. the ore prices surged to h

two of of them were from uae. one from egypt.ttacker in louvre was egyptian, who lived in uae and had a saudi visa. none of those countries are on the ban for seven muslim-majority countries. why? hmm. let's think about it. but one reason is trump has business with all three countries. so iran right now is going against saudi arabia. united states is supporting saudi arabia. and the people are suffering and the people are yemenis. literally, it's a tragedy. i wish more people would learn about it. and yemen is one of the seven countries, the poorest country in that region, and we're blocking refugees from yemen. it's cruel. it's going to look bad on us in america because everyone in the middle east knows the united states is supporting not only saudi arabia now but unconditionally putin who's supporting the dictator assad, who has killed over 500,000 people along with extremists there. and so this destabilizes all good, any good that resulted from diplomacy, which was not perfect during the obama years, and he's so erratic that h

it is between factions supported by saudi arabia, the uae, and h adi is hiding somewhere. u.s. called to evacuate him, but he is nowhere to be seen right now. may be our ambassador here knows. that as it. i will leave the details to question and answer. >> thank you very much. i am conscious that will probably be a lot of questions, but i have two very quick questions perhaps based on what everyone has said to his excellency and mohammed. mohammed may be the shorter and easier one. people have been saying on the panel that yemen could have been like somalia. there are many yemenis that would argue the situation is not much better than yemen. at what point is the saudi government going to step back that the cost be is greater than we have thought? the other question is to his excellency. nadwa noted, one of the what she perceives as a flaw in the negotiations has been that it has not been at a domestic level. you have said that the yemeni government would be delighted to talk to houthis or anyone else as long as they are part of the solution. what do you think and what would wha

he said the title fight would be in the uae. that's all the sport for now.gland, has begun a week of meetings today. much of the debate is likely to centre on the synod's response to a report on same—sex marriage, which upholds a traditional definition of marriage as being between a man and a woman. 14 former bishops, as well as a number of current bishops, have signed an open letter accusing the church of ignoring the views of gay christians. one of those who signed the letter is the right reverend dr alan wilson, bishop of buckingham and author of more perfect union: understanding same—sex christian marriage. good evening. good evening. what is at stake in these discussions this week? they are quite important i think. they've been spending two yea rs think. they've been spending two years talking insured conversations with people from all parts of the spectrum, about how gay people might fit into the church. also lots of voices have been heard and people have been able to be themselves, sometimes taking great personal risk to do that. so that's the good st

some of them in lebanon, china and the uae. it ta kes in lebanon, china and the uae. through all the names, not necessarily very public names, not necessarily very public names 01’ names, not necessarily very public names or public entities, to understand their involvement in the missile programme. probably connected to the iranians revolutionary guards. facing sanctions in line with what the trump administration said they would do putting a run on notice earlier this week. not too dissimilar from what the obama administration did last year after the iranians tested a ballistic missile. what struck me is the difference in tone. the obama administration was always focused on the nuclear programme alone. it seemed to disregard some of iran's activities in the rest of the region, much to the dismay of their foes. this time the treasury department is talking about countering iran's activities abroad. that kind of language will certainly please countries like saudi arabia. back to the news about the royal marine who has, we are hearing, pleaded guilty to terror charges aft

even the head of the official of the uae said it's not a muslim ban. and chuck schumer after the paris attack said yes, we should do a refugee pause. i don't see how comments on the campaign trail or rudy guiliani, render under the constitution they're saying that universities, and so forth. we get it, four out of the top ten tech companies, i think a lo lot of them are immigrants and we get that and understand this. what this is about is collapsed countries and no one-- no one trusts the vetting there. david: john, what's the libertarian view? >> oh, idea that they're doing it to bring down their labor costs is laughable and i think that mike knows that. the bigger picture, this is bad for all companies when the size and scope of government grows, it decreases our freedom and by extension, decreases economic growth. the idea then that some refugee ban is going to make us safer from terrorists defies common sense. they would always get around something as basic as that. david: mike, he threw down the gauntlet. >> my good buddy used to be a tech consult

. >> it was yesterday we introduced you to fatima ali who plays for the uae team. today a v.i.p.xperience at the game. taking selfies with everyone she could. she has already i checked posted them all on instagram. she was invited out for the ceremonial puck drop. she posted that one too. ali begging her brother to extend their trip. lots of fun for her and the caps. very cool for her. it is unclear if the washington red skins will resign desean jackson. he played the last three years with the skins and he made it clear he wants to keep playing for the burgundy and gold. >> definitely do want to be and, you know, the image they put out on me, i think i had three years to prove to everybody that, no, he is not that type of guy, he is a team guy. he loves to get the ball. what receiver do you want on your team that don't want to get the ball. i am a man about business who wants to go out and keep producer really. >> third ranked maryland terrapin cruising by illinois 84-59. they're now 21-4 on the season. the one loss to the dominant to say the least uconn. the wizards are back at

there are countries that the united states has strong relations with, such as saudi arab yarks the uae, egypt. they actually account for 94.1% of the american deaths in terror acts on u.s. soil. i'm not arguing that there shouldn't be a ban against them at all. i don't believe a blanket ban in anyway shape or form makes the united states safer. it is really difficult to see how one can make the argument that this is making america safer, when you're targeting countries based on the fact that you don't have relations with them. originally this may have had a degree of support is because after months and months in which he has whipped up this fear, this idea that there's hoards of isis sympathizers coming into the united states, which is completely false. after so many people have fallen for that lie, he's offering them an illusion of security. and they're falling for it, once they realize that this actually doesn't do anything to u.s. security, in fact one could argue it would make it less safe, i think he's going to not only lose the moral argument, he's also going to lose the security