not much goes on to the uae at this point we don't get much energy from the uae, mosque is the othery to china and japan in places like that. —— most. there is some steel and aluminium. we are going to give the wall down for things going outward from the us to many of these countries going forward. i worry about, you know, storm clouds on the horizon, if you will in the future. and i think the talk in washington, i think the talk of protectionism fa ns i think the talk of protectionism fans the talk of protectionism around the world in general. and thatis around the world in general. and that is the trend line i worry about. do you worry about that when you suddenly see talk of protectionism about those walls going up? does that worry you? the writing on the wall is pretty clear. wherever in the world we have seen bilateral trade agreements, free trade practices, policies, the growth has been much higher than the global economy growth rate. the pacific alliance, the eu, 7.5, mexican trade outperforming the largest economy, and brazil. protectionism is the reality of the world. fight

i would talk to egypt, the uae, saudi arabia. i don't think anyone's given the now crown prince more support and vision 2030 which is a complete not just reorientation but almost a restructuring of their economy and eventually their society, which i think they've made tremendous slides. a lot of people say it's a very imperfect plan but you have to understand they're trying to do something in 10 or 20 years that spent centuries building up. i don't think anybody's been more supportive and i take that exactly from the quotes of when we had the summit, what the king said, the crown prince, what many leaders of saudi arabia said. also at the uae, if you talk to these individuals and they talk to the media all the time, is that for many years of actually the obama administration being disengaged, that president trump has leaned into this in every aspect of it. now, about the developments or the structure of isis, that's another thing. certainly it was done with allies. it was done with most of the troops in iraq that eventually went

the uae?ck one. >> i think there is interest everywhere here, i don't think it is just one country or hub. we might pick one to the first but there is interest everywhere. yousef: i also sat down with the ceo of the uae's only listed airline and regions first low-cost carrier. it has been plans to open new destinations with six new orders neo's.rbus 321 >> we have a couple of announcements to make. we have signed for long-haul airplanes. another is a ceremony we will be doing. in our business, you tend to always want to fly a little more, a little longer. airplanes with a few more seats. that will have to be a continuous process. such a do, particularly the 821, whipple, the service and .19, it'll give us the opportunity to reach places that at the moment the 320 is not reach. ,rom here in the uae particularly to hubs in a morocco and egypt, it will take us to those places. yousef: i want to take you to the issue of the geopolitics of the region, rhetoric very sharp in the last few months. how

a little bit in the uae figures.: although the headline numbers are showing really strong growth -- khatija: although the headline of us are showing really strong growth in output sectors, we're seeing in the rest of the service, a squeeze on margins for companies in the uae in particular. if we look at last month, 8% surveyed said they cut their selling prices, that is a huge number, a record for the series. it does point to margins being squeezed, having to work harder for new sales. at the same time, they're fine -- facing higher input costs. it will have an impact in terms of their ability to boost employment, because they are obviously not willing to spend more when their margins are under pressure, and really having to restructure a lot of the way they operate and find new efficiency. tracy: i curious, and terms of the headline, pmi recovering for the uae, do you see evidence it is being driven by companies maybe boosting inventory ahead of the vat? khatija: i'm not sure, but we have seen some interest regulati

the uae and the uk have an extradition treaty.re —— provide helpful people. -- help for people. i do, provide helpful people. -- help for people. ido, i provide helpful people. -- help for people. i do, i have done about ten court cases. what that means is i put my statement in about what happened to me. recently in england the uae accepted my evidence. they did not challenge the evidence that i gave all the court. they did not say was true but they did not challenge it. and in that way you would accept it to be true? the barristers that round the case said that because they chose not to cross—examine me, i just that because they chose not to cross—examine me, ijust want that because they chose not to cross—examine me, i just want to that because they chose not to cross—examine me, ijust want to put that in. what you said about being 93v, that in. what you said about being gay, for me this is one of the reasons why i felt that i started to fall out with my former employer. the dealfor my fall out with my former employer. the deal

in the uae on bloomberg television. do join me then.♪ best,ing up on bloomberg the stories that shaped the week in business around the world. for central banks. the bank of japan sticks to its guns. the bank of england finally hikes. and the federal reserve will go forward under new leadership. rexam i'm committed to making decisions with objectivity, based on the best available evidence. like the think it would be a mistake to push jay powell around. the gop unveils their long-awaited tax plan. but investigations in washington dampen some of the fanfare. >> they have na

and they have got to invest in their future, and this is the problem with uae.her emirates have their oil running out, they are having to invest in their future. dubai has had that issue. uae is not quite in that situation yet but developing for their future, that situation yet but developing for theirfuture, making that situation yet but developing for their future, making sure you area hub for their future, making sure you are a hub where people want to go to two, that will be very important. there seems to be a picture being painted where it will notjust be the louvre, they will have a guggenheim, viz, that and the other. the message from the guggenheim was they haven't got an arrangement yet. merely having a racetrack and the louvre is not it. if you can have yourself as a cultural regional centre, that will be important and it changes the sort of people you are getting there, going back, and it changes the style, and i think thatis it changes the style, and i think that is very important. and has that started, do you think? over the course of the last decad

let's stay with the uae and the region.he only listed airline and the regions first low-cost carrier and actively traded on the dubai index. orderave a new airbus coming out of the dubai air show. i asked the ceo about air arabia's growth strategy. >> we have a couple of announcements to make. heywe are signing for six a321 long-haul airplanes. yousef: will they help you tap new destinations? >> absolutely. in our business, you want to fly more, a little longer, and airplanes with a few more seats. that will the continuous process. such a deal, particular the long-haul which will come into service in 2019 will give us the opportunity to reach other places that the airbus 320 does not reach, from here in the uae, from morocco and egypt, it would take us further to places we need to go. theef: the issue of geopolitics of the region, rhetoric quite sharp over the last few months. how worried are you that this will be disruptive to your growth ambitions? >> there are two sides of such things when they happen. despiteortunate th

he has also traveled to the uae, meeting the conference at the uae.e seems to be out and about in a sense within the context of saudi arabia and allies but he is not returning to lebanon. that is kind of a big question and lebanon is resigned and saudi arabia they are asking why they are not coming back. they are being to accusations from some of the lebanese parties that he is being held against his will. is theue is that it uncertainty which is what investors usually hate. the uncertainty is that nobody really understands what the next step is or what is going to happen. or what the demands are. saudi arabia is basically trying to draw a line in the sand against iranian influence but what are the steps that it is going to take to achieve that concretely?-- you, but gave a preview of what is going to come up on bloomberg magus middle east. we will continue with our aviation seen as we speak with the ceo of dubai airports and the region, this is the largest air show in this part of the world but can they even get remotely close to the big deal that we

and then there is the uae to the east uae is the largest trading partner with iran at the same time acts in conflict with saudi arabia. 20 years agca tar decided to make a bold move to independence. and our neighbor, with consolidation of power, qatar decided to chart course towards openness. qatar decided the best way to seek this would be through international collaboration and shari sharing. we implemented policy changes that we thought would be resisted in our region. and we ended up being correct. the right to have different policy changes from our neighbor had been achieved for the past two decades. the punishment for independence has begun. the public reason given by the blockading states for the current crisis is and was-- a global leader in the fight against terrorism and the blockading states are well aware of this reality. the crisis was against my country in an effort to recess the centralization of power in the region. ladies and gentlemen, what started six months ago as a crisis of betrayal today looks much worse. i visit the u.s. with the perspective as more crises unfold

especially investors from the uae.tock in the portfolios because you do not have any options in the oil field, especially in abu dhabi. the stock exchange there, we see very low levels of trading. liquidity is not very high. this could be an opportunity for us to see revised liquidity. tracy: very quickly, there is another ipo which seems to be experiencing trouble. what is going on with the mall? >> we have news from bloomberg this week. mall unit expected ipo is not going anywhere right now because the main person of the group is detained in the ritz-carlton. we should not expect news on that. that is affecting the stock prices of the retainer group traded in riyadh. we saw the stock tanking in november. to10% last week . it is still down quite a bit in the past month and a half. >> excellent reporting. thank you for coming on the program. let us get you some additional ideas as you gear up for the trading day. dubai investments will be one of the companies to watch. sale and transactions. it is part of the trend to

the uae was not immediately available to respond to a request for comment. willem marx joins us around the set. you were talking to the finance minister from qatar. those are serious allegations and a complicated plot >> yeah. this document, the u.s.-based news organization got ahold of it, shows the emiratis commissioned a plan from another entity that would set up an offshore fund, that yuf shore fund would then buy qatari bonds. it would hold qatari bonds already owned by the uae and buy credit dividend swaps assuring against qatari bonds at that point they would start transacting with other financial institutions not aware of what they were doing, trying to drive up the volumes in the bonds, so other market participants would say what's going on? this is strange. i think there might be something wrong here, let's sell off, so the prices would drop for the bonds, the yields would go up, that in turn was in theory going to put pressure on the currency. because it's pegged to the dollar, the qatari real, the offshore value would fall, the golf would have to

on sunday, we got pmi data for the uae, egypt, and saudi arabia, with figures rising from each nationhead of research at the emirates mbd said behind the numbers, there were some slightly worrying signs. >> although the headline numbers are showing a really strong growth in the volume indicators of the pmi, we are seeing in the rest of the surveys squeeze on margins for companies in the uae in particular. if we look at last month, 8% of firms surveyed they cut selling prices last month. that is a huge number, a record, and it certainly does point to margins being squeezed and working harder to get new sales and at the same time facing higher input costs. it is i think going to have an impact in terms of their ability to get employment because they are obviously not willing to spend more when their margins are under pressure, and really having to restructure a lot of the ways they operate and find new efficiencies. >> in terms of the headline pmi from the uae, do you see any evidence of is being driven by companies boosting inventory ahead of the vat coming in? >> i'm not sure it's the

have arimax, a company with very good liquidity, especially for foreign investors in the uae market.t should move stocks in riyadh. we also have a branch of the kuwaiti group, a name that is very popular among regional investors. tracy: thank you. that is it for this edition of bloomberg markets: middle east. sorry, david. david: i was about to say it's been a pleasure. we have the best of bloomberg technology next. i will be on as well with all the top stories. stay with us. this is bloomberg. ♪ >> the following program is a paid advertisement for the hd mirror cam, brought to you by inventel products llc. announcer: yep, they're out there, driving recklessly, causing accidents, and driving up your insurance rates. this is a show about car accidents. classic cars, and the hd mirror cam, the personal security camera for your car. this is accidents caught on camera with the hd mirror cam.

we see a sense of unpredictability in the policy of saudi and uae together in the region.the region, a lot of crisis. qatar was just part of a bigger game plan, which we're seeing happen in lebanon as well. >> thank you, your excellency. we have, of course, asked the saudis to come on and speak as well. we give them an open invitation to come and speak about what is happening in their country as well. thank you very much. , foreign minister from qatar. more ahead. und paranoid, but d'ya think our recent online sales success seems a little... strange? na. ever since we switched to fedex ground business has been great. they're affordable and fast... maybe "too affordable and fast." what if... "people" aren't buying these books online, but "they" are buying them to protect their secrets?!?! hi bill. if that is your real name. it's william actually. hmph! affordable, fast fedex ground. and i know that we havethe phone accident forgiveness.nt, so the incredibly minor accident that i had tonight- four weeks without the car. okay, yup. good night. with accident forgiveness your r

. >> the museum is as a result of the deal between french and uae government and it is louvre museum's first overseas expansion. it will show 600 works of art, featured bay leonardo da vinchi and vincent van go air monk them. >> why did abu dhabi want to bring, the louvre, right here. >> we thought it really wanted to show something for the world a museum that connects us together and i think boot which this museum is it will talk to everybody. >> the uae government paid 520 million-dollar to rent the louvre name, it is on loan for 30 years. >> rent my name for 520 million. >>> speaking of art... look at this, it shows restoration of the 17th century painting, now, a restorer removed varnish applied to protect the painting, as it gets removed, you can see the vivid color, underneath, wow, look at this. >> process takes three weeks to restored piece will go on display in london in june of next year. first i thought they were damaging it. >> have you seen the bee movie >> no it is like a scene out of the bee movie but just the opposite. >> i have to see that. >>> chicken coupe in idaho a

. >>> have interesting comments to bring to you from the uae min nis try. hadley has been talking to him in abu dhabi, the ministerial session. the uae energy minister has said on the oil opec agreement that there are 25 committed countries standing firm and they will continue he also added, this is quite interesting, there's also the potential for an extension so an extension of the extension, is na what he meant will others join that? he said they are welcome to join and a healthy price for oil is not for us to decide is what the uae minister of energy told hadley. >>> in other news, sterling is extending losses theresa may is reportedly facing a rebellion in her own party 40 mps are ready to sign a vote of no confidence in the british prime minister that's eight short of what is needed to treg ger a revote. now we're back to 130 handle let's get out to the story all morning long theresa may's had a really rough couple weeks at home and abroad given the brexit impasse, two cabinet resignations in the last couple of weeks. can she survive this politically?

france and the uae in 2007. the brand name alone sold for an estimated 520 million dollars. and it's on loan for 30 years. it's xx and we're just getting started. breaking right now-- a deadly accident in breaking right now-- a deadly accident in northeast. police on the scene of an accident involving a csx train and a car. our cameras were there on benning road near 295. that road is now closed. police say one person is confirmed dead, but they are trying to figure out how the vehicle and the train collided. we have a crew at the scene and will bring you a live update at the top of the hour. good morning washington. another chilly day... not as wet only 1 of next 10 days at or above average temps arctic cold front moves through friday with january type cold widespread freeze saturday morning with most locations in the 20s today: mostly cloudy, stray shower winds: n 5-10 mph tonight: mostly cloudy lows: 34-40 winds: n 5 mph thursday: cloud/sun mix, isolated shower highs: 52-55 this morning-- up-- with a new governor-elect. ralph northam now poised to take up the commonwealth

since then, this young city states, one of seven emirates in the uae has largely succeeded.has become one of the fastest—growing tourist destinations the planet. it is synonymous with spectacular skyscrapers, gigantic shopping mall, and high—end hospitality. and also occasional stories of tourists who fall foul of local customs. but scratch deeper and there is much more to this place. no longer the brash new kid on the block, dubai is an established hub and one of the world's first truly global cities. and although the impulse to impress is still here, there is now a more complex identity taking shape. i am yet to see how it is changing the look and shape of dubai, its people and future. this is the real heart of old dubai. this is to be a trading heart for the city. now, this used to be a real trading hub for the city and the kinds of boats you can see behind me bring in spices and other goods from countries like india, iran and much further afield. this is my personalfavourite part of dubai, the old town, where you get a real sense of the past. as it's a contrast to the sk

since then, this young city state, one of seven emirates in the uae, has largely succeeded.come one of the fastest—growing tourist destinations on the planet synonymous with spectacular skyscrapers, gigantic shopping malls and high—end hospitality, and also the occasional stories of tourists who fall foul of local customs. but scratch deeper and there's much more to this place. no longer the brash new kid on the block, dubai is now an established hub and one of the world's few truly global cities. oh, yes. and although the impulse to impress is still here, there's now a more complex identity taking shape, and i'm here to see how that's changing the look and feel of dubai, its people and its future. this is the creek, the real heart of old dubai, and gorgeous in this light. now, this used to be a real trading hub for the city and the kinds of boats you can see behind me bring in spices and other goods from countries like india, iran and much further afield. this is my personalfavourite part of dubai, the old town, where you get a real sense of the past, as it's a contrast to

the uae plans to colonize mars within a century and grow lettuce.es, you are hearing me correctly. we'll bring you all the details from the dubai air show. and on the markets despite a downbeat day for wall street the night before, asia is riding higher with japan up by almost a percent. we start in zimbabwe, where as you've been hearing president mugabe remains under house arrest, after what the african union says "seems like a coup" — something denied by the country's military. the economy is a huge source of unrest in zimbabwe. its currency was scrapped in 2009 after hyperinflation reached several billion percent and replaced with foreign currencies. today it's mostly the us dollar. but that hasn't helped ordinary people. zimba bwe's official inflation rate was 2.24% in october. but some analysts who track the cost of consumer goods in zimbabwe think they're rising at over 65% a year. that's because of a shortage of dollars needed to pay for imported goods. in fact, one economist, steve hanke from john hopkins university, thinks the situation is

uae and saudi are very close to each other. there was a high level of integration on the political level. more economical problems a few years from now. it was not really hit, if you want to compare it back. the retail trend was covered roughly 15 times. it was not great, but not bad. tracy: up next on the "best of bloomberg markets: middle east," fed up. janet yellen confirms it she will be leaving the central banks when her successor is sworn in. how much scope does president trump have to shape institution of leadership for years to come? we discuss that next. this is bloomberg. ♪ ♪ tracy: welcome back to the "best of bloomberg markets: middle east." janet yellen this week confirmed she will leave the fed once her successor jerome powell is sworn in. yellen could have stayed on because her term as governor does not and until january 2024. her decision to leave will give president trump a fourth spot to fill on the seven person board of governors. i asked a senior market analyst how much freedom trump has to reshape the fed a

since then, this young city state, one of seven emirates in the uae, has largely succeeded.ons on the planet synonymous with spectacular skyscrapers, gigantic shopping malls and high—end hospitality, and also the occasional stories of tourists who fall foul of local customs.

yousef: what is your priority market, the uae, saudi? i think there is interest everywhere. think it is one country or one hub. go first,hoose one to but there is interest everywhere. there is nobody who does not want to get there faster. yousef: the ceo of boom and plentys come up more coming throughout the day. david: we are speaking in a few moments on a big bond sale to fund acquisitions. that is in a few minutes from now. stay tuned for that. this is bloomberg. ♪ ♪ david: welcome back. you are watching "bloomberg markets: middle east." approved a big investment led by softbank for an initial $1 billion, followed by a tender offer to buy $9 billion in shares from existing investors. it will see benchmark pausing its lawsuit against travis kalanick. then strop will mark complains when the investment and governance reforms kick in. j.p. morgan says china is poised for a surge in m&a activity. deal making said to pick up, particularly in aviation. president xiter jinping promise china would take big strides in reform in the coming years and that foreign companies could expe

we've also seen the uae come out very quickly to support the actions of mbs so that's bad for qatar.s that fair to say? >> yes, itis uae has tightened their news although frankly the effort to embargo qatar has not been hugely successful. qatar airways just made a bid. they've been able to function in the global economy despite the efforts of the saudis and its gulf ally toes corner the qatarrys because of their tie toes iran, as well it all comes back to this saudi arabian rivalry. so he's frustrated that his war in yemen is not going well, his embargo of qatar is not going well so he's ramping up closer to home >> clearly the oil price rising is something that happens, but if the royal treats family members like this, what does the message send to foreign investors about how they're going to treat minority shareholders >> i think this is a story we're going to look at closely going forward. basically, thought the golf was a stable region with a lot of oil wells. not only has the ipo been sort of new england and london fighting over this, but you've had a huge number of bond issuans

since then, this young city state, one of seven emirates in the uae, has largely succeeded.ions on the planet. synonymous with spectacular skyscrapers, gigantic shopping malls and high—end hospitality and also the occasional stories of tourists who fall foul of local customs. but scratch deeper and there's much more to this place. no longer the brash new kid on the block, dubai is now an established hub and one of the world's few truly global cities. and although the impulse to impress is still here, there's now a complex identity taking shape and i'm here to see how that's changing the look and feel of dubai, its people and its future. this is the creek, the real heart of old dubai, and gorgeous in this light. now, this used to be a real trading hub for the city and the kinds of boats you can see behind me bring in spices and other goods from countries like india, iran and much further afield. this is my personalfavourite part of dubai, the old town. you get a real sense of the past. as a contrast to the skyscrapers and shopping mall downtown. what is this? this is cinnamon

qatar has failed to live up to its words which is why saudi arabia, uae, egypt cut ties with qatar this past june. shamefully until may of this year qatar was hosting senior hamas. after several other members including mr. sherman introduced legislation increasing sanctions against those that provide support to hamas, qatar expelled those seniors. but given the history of false reform and broken promises, i am concerned that this is a tactical move, not a strategic shift away from supporting hamas. they must take serious measures to fundamentally alter policies. no more bait and switch and no more back sliding. we need real commitments from qatar to end its attitude and actions towards violent extremists. and on our hamas bill, continuing impediment to peace and security for the middle east is hamas. this deadly terrorist organization continues to work towards israel's destruction. hamas uses other human beings as shields by hiding their terror tunnels under schools. i have seen them myself so has chairman mccaul and other members of our committee here and we saw them as recently as our

since then this young city state, one of seven emirates in the uae, has largely succeeded.s become one of the fastest growing tourist destinations on the planet. synonymous with spectacular skyscrapers, gigantic shopping malls and high—end hospitality and also the occasional stories of tourists who fall foul of local customs. but scratch deeper and there's much more to this place. no longer the brash new kid on the block, dubai is now an established hub and one of the world's few truly global cities. and although the impulse to impress is still here, there's now a complex identity taking shape and i'm here to see how that's changing the look and feel of dubai, its people and its future. aviation is at the very heart of dubai's growth. geographically blessed between east and west, with the vast indian subcontinent on its doorstep and an ambitious national carrier, it's reckoned that over 40% of the world's population lives within four hours flying time of dubai. 20 years ago, dubai airport was something of an aviation backwater. today they say they handle more international

the louvre abu dhabi is the result of an intergovernmental france and the uae in 2007.nd name alone sold for an estimated 520 million dollars. and it's on loan for 30 years. it's xx and we're just getting started. breaking right now-- a deadly accident in breaking right now-- a deadly accident in northeast. police on the scene of an accident involving a csx train and a car. our cameras were there on benning road near 295. that road is now closed. police say one person is confirmed dead, but they are trying to figure out how the vehicle and the train collided. we have a crew at the scene and will bring you a live update at the top of the hour. good morning washington. another chilly day... not as wet only 1 of next 10 days at or above average temps arctic cold front moves through friday with january type cold widespread freeze saturday morning with most locations in the 20s today: mostly cloudy, stray shower

. - the uae and qatar also, and saudi arabia, the younger generation is being groomed to take over, they're very well educated, they're more connected to the younger generation. - they're in tune with the pressure, societal and economic pressures that their countries are facing and they understand that need to diversify and include women in the work force and really move to post-oil economies, they get this. - abdullah al-ajlan from the great nation of saudi arabia, country that's been very close and very helpful to us, and whom we value as an ally and a friend. - [narrator] while the us and saudi arabia have a close historic relationship, policy makers have concerns about their human rights record. (speaks foreign language) - the entire bargain that was made between washington and the arab regimes has always been that the arab regimes would fight terrorism, they would contain iran, they would protect israel, they would basically ensure the american led regional order and in exchange, the united states would guarantee their survival and would protect them from external threats and would tur

he is on a trip to the uae, to meet with the crown prince there.do not know when he is going to return to lebanon yet. not even some of his closest allies -- i'm thinking of the interior minister here, who said recently that he expects him back within the next few days. that even he could only say that was his impression. he was not making any promises. in the meantime, we have got the statements coming out of saudi arabia which seem to be upping the stakes. they're coming from one minister in particular, the minister for gulf affairs. he said that they will treat the lebanese government as one that has declared war on them, and nobody is really talking about the government that is left after r the r resignation, and s allies within the government. this is the man who only days before the resignation promised "astonishing developments in lebanon." immediately after his resignation, he said lebanon would never be the same. monday, he has beenn saying thee are those in lebanon who will stop has pull a -- stop them into theush heart of shia lebanese.

the uae plans to colonize mars within a century and grow lettuce.at day for wall street the night before, asia is riding higher with japan up by almost a percent.

since then this young city state, one of seven emirates in the uae, has largely succeeded.ers, gigantic shopping malls and high—end hospitality and also the occasional stories of tourists who fall foul of local customs. but scratch deeper and there's much more to this place. no longer the brash new kid on the block, dubai is now an established hub and one of the world's few truly global cities. and although the impulse to impress is still here, there's now a more complex identity taking shape and i'm here to see how that's changing the look and feel of dubai, its people and its future. this is the creek, the real heart of old dubai, and gorgeous in this light. now, this used to be a real trading hub for the city and the kinds of boats you can see behind me bring in spices and other goods from countries like india, iran and much further afield. this is my personalfavourite part of dubai, the old town, where you get a real sense of the past. it's a contrast to the skyscrapers and shopping malls downtown. what is this? this is cinnamon. cinnamon, yeah, i recognised that. very

wool.es, this corridor has been quite understand and i they are contemplating extending that to the uae, kazakhstan, other central asian countries, and perhaps, turkey. as we collaborated with our business colleagues in egypt and the ability to invest in equipment to process the products of the countryside depend upon the regulatory policies and administrative environments conducive to that. electricity,ity, land,nd clear access to and a transparent relationship between the business and do allent, so they can the things they need to do to do that kind of business. we think that is a real andrtunity for afghanistan, we are doing everything we can to support it, and we would like to see 10 years hence what one can see if one drives from cairo to alexandria, producing high-value crops for the local export markets. focusing on to be the market areas, in the larger cities, and the areas adjacent where the government control then in some of the other parts of the country. given some of the policy environment and conditions, conl there are already existing gaps in the businesses, and there wil

ipo activity in the uae is selling been showing signs of picking up an 2018.ng the established challenger to new zealand and spark new zealand. this comes after the austrian finance review showing documents of potential trade and equity wires. with goldman sachs making the pitch ends formal papers due next month. they want a deal before the fiscal year ends on june 30. we are seeing shares up more than 3% this morning. league help justice the top spot in the worldwide box office for the second week owing and $113 million in 67 territories. the latest pixar animation with second claiming the top spot in america other thanksgiving debut. mexico andonth in has been a hit and china taking an $18 million of the weekend. coming up in the next hour, we have the market open coming up and we are joined to talk about the outlook of 2018. we will chat with him for the next 10 minutes or so. he has been quite bullish for thea and japan as well as bank did they could hit 32000 and 18. taking at the live pictures they looked at a volcano there after the second eruption we h

>> honestly we find a lot of good ideas in the uae is itself.good companies well managed capturing themes that we like. again, we are excited about egypt. we see a lot of positive movements in the right direction as well. we find some interesting ideas across the region. we have pretty much invested in .very country apart from oman yousef: does that mean you are a buyer in qatar now? >> qatar was not that attractive even before the crisis, the problem with its gcc neighbors. not seenment we have evaluation come to a degree where they are really attractive apart from 1-2 companies which we are monitoring closely. yousef: one of the best-performing indices remains kuwait, apart from egypt of course. play positions on the kuwait story as it stands? >> mickelthwait story has been getting a lot of momentum on the ftse inclusion. we have seen some of the recent gains that have been tapering off recently. very large and dominated by crossownership's and again dominated by investment companies which we shy away from. , our exposure is 13% over two compa

here are some other key themes to look out for starting with what is going on in the uae, but first and look out for. the last quarter we saw economic as economic performance blew past expectations with the median forecast of 2.7% growth. the absence of inflation amid strong consumption has allowed the central bank to keep the benchmark rate at 4.1%. light to start operations. a busy day ahead. plenty more ahead. this is for bloomberg subscribers only. check it out at tv . ♪ eck it out at tv . ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> do your senses tell you it is ok to relax? fresh lines from thero

qatar at 43 percent, uae it working percent. curtis dan, 29. pakistan is at 33 percent. i'll leave it there. >> i'd like to hear the perspectives from our afghanistan private sector president in the table, the same question, what do you think are the main challenges for the private sector and just three challenges and maybe what do you think are the reforms needed so the private sector can grow? >> good afternoon. first of all i want to get some background in these situations and normalizing in afghanistan as you have there, even the taliban, we did not have access to education. and since the taliban, we had development projects in afghanistan and we did have a number of scaled assets to come to their workforce and market. and we do have, households gave access to our education inside and outside the country. decides that, the technology is one of the main competence for business development in his country so now they afghan women have access to technology using the small health phrase so one of those abilities that we do have in afghanistan is that afghan women are not

they are seeking approval to reduce shareholders of uae nationals. that stock is up 9% this year.ing at qatar to sell its 60% stake in the asia finance bank, the affiliate in malaysia. the bank says the process is to be completed in six months. b shares are down 8% this year. upgradedgypt has been and the target price has been raised. quite a dramatic increase. the stock is up 7% so far this year. teva, the largest maker of generic drugs, they have been cut to junk by fitch as it faces significant difficulties after the 40 billion-dollar businessof the generic from allergan last year. david: that cut from fitch might put pressure on the stock. , a lift across asia. one of the best today's of the year. ♪ with and addressing the south korean parliament. back the --ying you mohammed saying they know what they are doing it we're told the