with this project and any other project, having such a good climate for business within the united arab emirates. tracy: your excellency, since we are talking about the shipping industry, i noticed recently the uae is the only arab country to be bidding for category b mem -- category b membership in the international maritime organization council. why is that important to you? guest: this is probably a continuation of the previous question. this is actually driven by the private industry that we have within the uae. they have to be within the council. i've always assumed the council of the imo is where most of the legislation, rules, regulation are being prepared. in an industry that is booming in the uae, the industry thinks that we as the government should be an incubator for their willingness to become a member on the council. one thing that the industry's require, taken that we have a great infrastructure within the united arab emirates as far as the maritime, we are actually number three in the world as far as infrastructure is considered. for that, we feel that we really need to be in ther

now under blockade and aljazeera is now launching a huge war against saudi arabia and the united arab emirates saudi arabia and the united arab emirates and egypt also. whether they succeed are not, we don't know, but the outcome is a mess. this part of the world is to be the most stable part. it is very wealthy, very rich. the people are the same attitudes, the same background, but for the first time there is an earthquake hitting the whole area and where it will last we don't know. i will give you one example. if you tweet sympathising with qatar, if you are in saudi arabia or the united arab emirates you could be imprisoned for ten or 15 years, with a huge fine, maybe a quarter of a million, maybe a million. things are really developing to the worst. short of actually developing a government in exile, or preparing a government to takeover, there are other things these four countries can do which they have not done yet. for example, imposing formal sanctions and going further. they have not yet taken that route. it seems it is a stand—off at the moment, that there is no upper hand on either

if you tweet sympathising with qatar, if you are in saudi arabia or the united arab emirates you couldfor ten or 15 years, with a huge fine, maybe a quarter of a million, maybe a million. things are really developing to the worst. short of actually developing a government in exile, or preparing a government to takeover, there are other things these four countries can do which they have not done yet. for example, imposing formal sanctions and going further. they have not yet taken that route. it seems it is a stand—off at the moment, that there is no upper hand on either side. i don't know that there is a good outcome necessarily, but it hasn't escalated to the point yet, it seems, where... will it come to terrorism? all these countries actually were financing and supporting some kind of terrorism in iraq, in syria, libya. this is not the problem... the real problem which is facing them, you know, qatar is a small nation, 300,000. the population of qatar is 300,000, and one of the richest, if not the richest countries on earth. not least its sovereign wealth fund, which spends huge amou

two of them were saudi arabia and the united arab emirates. charlie: the other was pakistan. vad sharif: well, that's a neighbor. as a neighbor, they have a problem. but for saudi arabia and united arab emirates, staying for -- far behind and far away from the actual scene, because iran is a neighborhood -- iran is a neighbor, pakistan is a neighbor, some of the other countries in the former soviet union are neighbors, but saudi arabia and united arab emirates are not even close. but they support it. they recognize the government. the money -- and it's clear. ask any intelligence person. the money that went to isis, most of it came from these countries. but more importantly -- charlie: not from the government, per se. javad sharif: well, that is to be investigated. i not here to accuse anybody. we have been accused by a lot of people of a lot of things, and i don't know if it's good to accuse people. what i'm saying is the ideology came from saudi arabia. all of these people belong to the ideology that is promoted officially by saudi arabia, and it is spread throughout the wor

two of them were saudi arabia and the united arab emirates. charlie: the other uzbekistan. >> that is --the other uzbekistan --pakistan. >> for saudi arabia and the united arab emirates staying far away from the actual scene because iran has enabled pakistan as a neighbor, some other countries in the former soviet union are our neighbors, but saudi arabia and united arab emirates are not even close but they support it. the money, it is clear. just ask any intelligence person. the money that went to isis, toronto struck -- to al-nusra, most of it came from these countries. charlie: not from the government per se. >> that is to be investigated. i'm not here to accuse anybody. we have been accused by a lot of people about a lot of things. i don't know whether it is good to accuse people. i'm saying the ideology came from saudi arabia. all of these people belonged to that ideology promoted officially unfortunately by the government of saudi arabia. it is being spread across the world and everybody who engages in act of terror in one way or another

if you tweet sympathising with three in saudi arabia or the united arab emirates, you could be in prisonand huge fine. so things are really developing for the worst. but short of developing a government in exile are preparing a government takeover, there are things these other countries can do but they have not, for example imposing sanctions. they have not taken that route. it seems it is actually a stand—off, there is no upper hand on either side. i don't know there is a good outcome necessarily, but it has escalated to appoint yet it seems we're... necessarily, but it has escalated to appoint yet it seems we're. .. when it comes to terrorism, all these countries were financing and supporting some kind of terrorism in syria, iraq... this is not the problem. the real problem which is facing them, qatar is a small nation, 300,000 population, and one of the richest if not the richest country on earth. not least its sovereign wealth fund which spends more than many european countries. they have around $320 billion sovereign fund. they are rich and they know how to buy their own people to m

the united arab emirates has interfered in u.s. policy hasn't received similar levels of attention the leaks suggest the oil rich country has managed to buy the support of several u.s. think tanks. on u.s. foreign donors and their influence. that's interesting in a certain stories around the idea of foreign powers influencing the american democratic process and in an effort to help battle the threat such meddling poses we thought we don't like politicians as to where some of their favorite think tanks get their financial support institutions from which those very politicians so often get information to form policy opinions spoiler alert foreign powers are some of those washington based think tanks biggest donors let's start with an all time favorite the brookings institution this institution has provided a forum for ideas for thoughts and i think the country. specifically the congress is better off or for the great work that you do you're so well known all over the world that there are a lot of longtime friends and colleagues who p

one, this is another sort of business story, this one from gulf news business section, the united arab emiratesbut enabled across all of the gulf corporations. the uae will be first to do with from the first of january next year as it is a 5% across the whole region. it will come through, all the way through 2018 to the year 2019. interestingly, i think this is a major attempt by all of these states the sort of diversify their income. away from the traditional oil and gas. do something that we in europe are familiar with, vat. they are trying to soften the blow of this for their population by sort of saying this will be rolled back into public sector type investment, education, healthcare, et cetera. but it is interesting, perhaps the modernisation of their economies. and once you bring it in as a low rate, everyone except that and it isn't much money and once you have accepted it, the principal, then of course the sky is the limit, as we found out in europe! it is that classic stealth tax that we have to put up with an economically it tends to penalise those on low incomes and those on higher

nathan lyon earlier claimed 6—82 to dismiss bangladesh for 221 in their second innings united arab emiratesnext year's world cup in russia with a 2—1victory over saudi arabia in their qualifier in abu dhabi. saudi arabia took the lead after 20 minutes when nawaf al—abid scored from the penalty spot. but goals from ali ahmed mab—khout and ahmed khalil meant the saudis stay second in the group behind japan. australia are third with a game in hand, with uae in fourth place. arsenal have rejected a $65 million bid from manchester city for forward alex sanchez. the 28—year—old chile international scored 2a premier league goals last season and with the transfer deadline closing at 2200 gmt on thursday any deal could also see raheem sterling leaving city for arsenal in part payment for the sanchez transfer. meanwhile, arsenal midfielder alex oxlade—chamberlain has turned down a move to premier league champions chelsea. the clubs had agreed a $51 million fee, but it's understood the england international was unhappy with chelsea's positional plans for him. oxlade—chamberlain may now have talks with

united arab emma rats. a fire that -- united arab emirates.a fire began just after midnight local time in what is known as the torch tower. fortunately people inside the building were able to evacuate. there are no reports of injuries. the tower is one of the world's largest residential towers. it is the second time that tower has caught fire. >>> the pilot of a small plane has died after crashing into the backyard of a home in rio linda. the single-engine plane went down around 3:00. nobody on the ground was injured. the name of the pilot has not yet been released. officials say there was no one else on board, either. the crash site is just south of mcclelland airfield 10 miles northeast of sacramento. >>> san francisco city leaders spoke in support of funding that would speed up an affordable housing project. they gathered at the proposed site of that development. the project would turn part of the parking lot there into 100 units of housing. >> we no longer have the luxury of having a half used parking lot every day of the week right on top

saudi arabia and the united arab emirates now have two months to settle the complaint.se they could face litigation at the wto and possible trade sanctions. poland has announced it will keep logging despite the european union court order to stop the operation. it is one of europe's last remaining primeval forests. warsaw argues it's logging is in the best interest for the local community and the forest itself. reporter: at over 3000 square kilometers, the forest is one of europe's last touched primeval forests and at the heart of the latest spat between you and poland. -- the eu and poland. >> the state is obliged to continue protective measures and two for phil protective measures using a for film and tool, which is the forest arrangement plan. reporter: warsaw claims the logging campaign was part of a bid to protect the forest from an invasion of needles and -- of beetles. environmentalists say the majority of trees were not affected by the beetles. they say the logging is part of an effort to inject new growth into the economy. the eu has warned it could find poland

especially in the military areas where there are new air defense restrictions so to arabia the united arab emirates egypt and bahrain all cut diplomatic ties with qatar after accusing it of backing extremist groups as part of the riyadh imposed blockade air land and sea links was severed with saudi arabia also wish list a tough demands which rigidly include expelling turkish troops stationed scaling back ties with iran and also closing qatari funded news outlets like. what middle east analysts we spoke to says the airline a warning now is part of a tried and tested method used by the saudis to weaken opponents. usually there's such. to a lot of principally designs by by this. to actually strike fear they are sort of trying to impose their will trying to bring that to their knees and to trying to punish them to make it to make an example of them and to show that anyone who dares stand out challenge or defy saudi arabia and its leadership all the way it carries out its policies will pay deadly for it all these news stories and so much more to our side are called you can always have your say on everyt

thousand and sixteen the brookings institution received over two million dollars from the united arab emirates up to two million from the government of norway and between five hundred thousand and a million dollars from the embassy of the state of qatar and with that in mind perhaps these sorts of headlines coming out of here must be taken with a grain of salt. and the brookings institution is not alone in the story of the carnegie endowment for international peace is a truly international institution working to advance the cause of peace democracy and the. it's an honor to be here. carnegie but truth is that for generations. has been training for global she leaders of the future the carnegie endowment brought in significant cash contributions from the u.k. department for international development the embassy of japan the federal foreign office of germany and the norwegian ministry of foreign affairs and that was just last year and just naming a few about how do you guarantee those bags of money don't come with any influence whatsoever and these two aren't the exception they're the rule in thi

foreign militaries turkey is due to open its largest overseas military base in somalia the united arab emirates there in somalia two after they agreed a thirty year lease for a base in the self-proclaimed state of somaliland so the burning question is why why the influx what are they doing there to confront terrorism and piracy working to central command to ensure that the civilian shipping lines have not lax their security to a point that terrorists will not enjoy good food is it helping well the problem still remains peristyle attacks ordinated attack underway in the somali capital of mogadishu there have in the last month been for five maybe six. attacks here in the region military spokesperson says if you are a service member has been killed in somalia for the first time a new bloodshed in somalia a car bomb exploding near a police station a recent example saw a luxury cruise ship or the holiday makers to switch off lights and refrain from playing music for ten days due to the threat of pirates in the region so the question is why such a significant increase in military presence africa affa

it was set—up in 1971 in the united arab emirates.l, it was an early adopter of natural gas, signing its first gas supply contract in 1985. its total output now exceeds 125,000 barrels of oil equivalent per day and it's looking to expand into both north africa and iraq. its gas deliveries help to provide electricity forfour million people in northern iraq. majid jafar is the chief executive of crescent petroleum, he's with us now. welcome to business live. nice to see you. now, you've met before, haven't you? i have, when i was based out in dubai with our other programme middle east business report. we talked at the time about this push elsewhere because everyone imagines the gulf as the place of oil and gas, but it is not only about exploring and extract, but it is making it useful. expansion into north africa and parts of iraq and iraq is the one that's got the oil and gas itself, but the difficulty and gas itself, but the difficulty and clearly after the war is getting it out of the ground. it is investment in infrastructure. how d

so he arabia the united arab emirates egypt and bahrain cut diplomatic ties with qatar after accusing it of backing extremist groups as part of the riyadh imposed blockade air land and sea links were severed with saudi arabia also should list a tough demands to clued into regional expelling turkish troops stationed in scaling back ties with iran and closing khatami from the news outlets like al-jazeera middle east analysts we spoke to says the l n a warning is part of a tried and tested method used by the saudis to weaken opponents usually there's such odds to lot of principally designs by by the saudis is to actually strike fear or they are sort of trying to impose their will trying to bring that to their knees and to trying to punish them to make it to make an example of them and to show that anyone who dares stand up to challenge or defy saudi arabia and its leadership or the way it carries out its policies world pay deadly for it. a mile from a buck and keep track of the breaking news story up to you don't comb. dollars ario filling in for lindsay france you're watching broadcasti

for saudi arabia the united arab emirates egypt them bahrain cut diplomatic ties with cas are after accusing it of backing extremist groups as part of the riyadh imposed blockade air land and sea links were severed with doha saudi arabia also issued a list of tough demands to which originally included expelling to his troops stationed in cas are scaling back ties with iran and closing qatari funded news outlets like al-jazeera middle east analysts we spoke to says that the airline a warning is part of a tried and tested method used by the saudis to weaken its opponents. usually such . to principally designs by by this is to strike fear or they are sort of trying to impose their will trying to bring that series to their means and to trying to still be a punish them to make it to make an example of them and to show that anyone who dares stand up to challenge or defy saudi arabia and its leadership or the way it carries out its policies world pay dearly for it. ok let's go back to that breaking news that we're receiving a van has crashed into a crowd of people in the center of the spanish city

is doing partly on behalf of israel but also its allies in riyadh and in the united arab emirates and i want to get your take now on the u.s. they claim to still be fighting isis in syria now do you think that the u.s. should remain in syria after defeating isis or do you think it's going to do more harm than good well i mean you've seen what's already happened around in these areas where the u.s. has established what could be kind of considered these high tech alamo's that they have to defend at all costs the u.s. is actually attacking shia militias and killing soldiers that are who are indigenous soldiers so this is going to stir up tensions massively but it also is a direct provocation to iran why does the u.s. want to provoke iran why does the u.s. want to risk you know close quarters combat with iran and shia militias which are allied with iraq and ironically the popular mobilization units that were sponsoring and training in iraq against isis number two this is an effective strategy against isis we are in the u.s. is engaging in close quarters combat with the militias and the ar

dollars was making its way to clerics for missionaries in saudi arabia and the united arab emirates,bly with the direct support of those governments. that's $100 million a year for one region in pakistan. but the spending on this hatest ideology doesn't stop, there and like the soviets used propaganda during the cold war, the saudis used more on the war on terror. while the soviets spent 7 billion throughout the entire 20th century. saudi arabia spent $100 million to promote wahhabism around the world. on top of propaganda, spending oil money on brutal bombing campaign on yemen, leaving to over 4,000 civilian deaths and millions displaced. now because of lobbying and lobbying from our own swampy military industrial complex, we've armed the saudis to the teeth for lucrative deals of weapons, fighter jets, radar systems and more. why are we getting involved in the foreign war causing chaos? some of our elected officials want to push back. last month congressman conner, a previous guest on the show introduced amendments to do just that, he wanted to stop funding the refuelingly of saudi

the three are iraq, the united arab emirates, and kazakhstan . . so far, all have come up short when it comes to reducing output. 24 countries agreed last year to cutbacks to try to end the global glut. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. vonnie: thanks. coming up next hour, kathleen hays-- next, our kathleen will interview james bullard. that is coming up at 1:00 p.m. eastern time. we will set the stage, next. this is bloomberg. ♪ this is "bloomberg markets." i'm vonnie quinn. we are halfway to a great busy week for the federal reserve and the u.s. economy, of course. today at 1:00 p.m. eastern time, jim bullard will speak exclusively with bloomberg. tomorrow, we will have the new york fed president bill dudley. we will also get the u.s. july pbi. on friday, the last month's cpi data. probably the most important date of the week. for a little bit of an idea what this will mean, i want to bring in jewel cracjoel. all eyes really on the cpi da

he has 17 from los angeles to the east coast to ireland, scotland and the united arab emirates.he takes as much pride in his courses as he does his game. so, those trying to get on his good side do best to mention it. >> but here's what i tell you about the president. he's the most competitive person i've ever met. he sinks three-foot putts. >> reporter: short lived anthony scaramucci probably meant to say 30 foot putts. 3 foot putts aren't that hard to take especially when you take gimmes the trump way. >> the length of the leather grip on your putter, he takes putts within a driver. like those long drivers and it's like, wait a minute, what about that putt you just took? by that moment it's gone. and now he's over here tipping some greens keepers and he's over here yelling at some people that are building his cart path. it's madness. >> reporter: but also a lot of fun to hear rick riley and other folks who played with donald trump describe it. they say he is the consummate host, if not factually challenged when it comes to his golf score, wolf, because reportedly donald trump

he has 17 from los angeles to the east coast to ireland, scotland and the united arab emirates.s his game. those trying to get on his good side do best to mention it. >> the president is the most competitive person i've ever met. sinks three-foot hutts. >> reporter: anthony scaramucci probably meant to say 30-foot putts. 38-foot putts aren't hard to make especially taking gimmes the trump way. >> give you a putt within the leather. the length of the leather grip on your putter. he takes putts within a driver. like the long drivers. it's just like, wait a minute. what about that putt you just took? that moment, it's gone. now he's over here tipping greenskeepers, and then over here yelling at people that are building his cart path. it's madness. >> reporter: also, a lot of fun, though. he is the consummate host, donald trump is, according to folks who play with him. fact actual factually challenged on score claims a handicap low to mid-70s's people playing with him, more like an 80s player. like bringing your ham to a fine restaurant pap good quote. >> good to see you. >> thank y

they're in the gulf area now and meeting with the leaders of saudi arabia, jordan, qatar and the united arab emirates. they'll be going to israel tomorrow where they will meet again with prime minister benjamin netanyahu and mahmoud abbas. the president has tasked him to focusing on the palestinian and israeli peace talks and strengthening economic steps that can be taken down ant after the peace deal is signed. the president really does believe and he's said this before, he believes the conditions are ripe for some sort of peace deal in the middle east. though he is getting -- taking it on the chin for people like congressman ron desantis for continuing to sign waivers that the u.s. embassy in israel not be moved to jerusalem. so it's got a lot of people on his side in terms of trying to craft a peace deal. he have people saying he's not doing enough, shep. >> shepard: john roberts from the north lawn. the pentagon chief says the islamic state's days are numbered. james mattis made the announcement to a trip to iraq. he talked about what he called the last stand for isis. we're live at the pentagon

but for saudi arabia and the united arab emirates because s taying far away because pakistan isn't able and some other countries in the former soviet union are neighbors. but saudi arabia and united emirates are not even close but they support it. they recognize it. the money, and it's clear, just ask any intelligence person money that went to isis, most of it came from these countries. well more importantly -- >> rose: not from the government per se. >> well, that is to be investigated. i'm not here to accuse anybody. we've been accused by a lot of people about a lot of things and i don't know whether it's good to accuse people. what i'm saying is the ideology came from saudi arabia. all of these people belong to the ideology that is promoted officially by unfortunately the government of saudi arabia and it's being spread across the world. and everybody who engages in acts of terror in one way or another has been affected by that. >> rose: but you had the summit in which there was a call for in a sense for a recognition of where radical extremists terrorism was coming from. and that wi

in that region where he'll be spending several days with stops in qatar, jordan, egypt, the united arab emirates and saudi arabia before he arrives in israel on wednesday night. on thursday i'm told he'll be meeting separately with the israeli prime minister benjamin netanyahu as well as the palestinian authority's head marx mud, mahmoud abbas. this comes after a series of meetings that included h.r. mcmaster, the secretary of state rex tillerson, who notably raised his eyebrows, he's not the one sort of leading the charge on this, that it's kush ksh, the president's 36-year-old son-in-law leading the way. the bottom line is the president blooefs this is something that he can accomplish. he's optimistic about it, white house aides say, and there's why he's sending his son-in-law as well as two top aides from the white house to pursue that and try to send a tough message about the effort to crack down on extremism in that region. >> before i turn to steve, what's happening behind you at the white house? >> as you can see, heavy construction day as soon as marine one left, they brought out the big

. >>> we have breaking news out of the united arab emirates. a fire broke out in the 86- story torch tower in dubai. fortunately the city's civil defense team was able to vac you wait the building. you can see how major that fire is. the tower is one of the world's tallest residential towers. it is also the second time that this tower has caught fire. >>> now to oroville where they have released a lot of water from lake oroville this year to keep the dam from overflowing but farmers claim that flooding has created a massive heartache and financial burden on walnut farmers. that's why they have filed a lawsuit. tom vacar has more on the claims. >> reporter: i will tell you this. it is not just walnut farmers. not by a long shot. but it is proof that failure to properly maintain infrastructure, no matter what it is, is a promise of a financial disaster, even to the state of california. >> to my left is our client, the farm manager. >> reporter: the lawsuit was filed on behalf of a large oroville area walnut farm. >> the claim was filed because it

traveled on sunday night with a series of stops scheduled this week, saudi arabia, jordan, egypt, united arab emiratesomorrow night expected to arrive on israel and he'll meet with benjamin netanyahu and mahmoud abbas. he'll try to focus attention on the effort to create a long lasting peace deal. the president has indicated in the past both the palestinians and israelis will have to negotiate together but the president wants the white house to be the conduit for that to happen. it follows a series of meetings that had taken place, including the secretary of state rex tillerson who is not the one leading this effort. h.r. mcmaster, national security adviser as well as other individuals here at the white house right now. jared kushner in that region leading the charge for the white house, not the first time he's been there but continuing this effort to try to support a peace process in that region and crackdown on extremists. >> peter, separately, we understand there are new treasury department sanctions that are aimed at north korea? >> reporter: that's exactly right. we learned this information break

he has 17 from los angeles to the east coast to ireland, scotland, and the united arab emirates.as much pride in his courses as he does his game. so those trying to get on his good side do best to mention it. >> but here's what i tell you about the president. he's the most competitive person i've ever met. he sinks three-foot puts. >> reporter: short-lived communications director anthony scaramucci probably meant to say 30-foot puts. thr three-foot putts aren't that hard to make, especially when you take gimmes the trump way. >> most people give you a putt within the leather. he takes putts within a driver. he just -- like those long drivers. and it's just like, well, wait a minute, what about that putt you just took, and that moment is gone and he's -- now he's over here tipping some greens keepers, and then he's over here yelling at some people that are building his cart path. and it's madness. >> had a little fun putting that piece together. plays a pretty mean golf game herself, i might add, my friend. so when rick riley played with him to write his book, did he tell you how

they can ensure that the world is aware that they are standing up to saudi arabia and the united arab emiratesly write off the same amount of money over the next five years. if you see it asa the next five years. if you see it as a political statement you can see the logic behind it. remember that qatar is spending £400 million a week preparing for an extra cup. this seems a huge sum of money for a one—off transfer but from the overall qatar budget, it is immaterial. it's the richest country on earth. thank you both forjoining us. the top stories this afternoon. the bank of england cuts its growth forecasts and warns that uncertainty over brexit is weighing on businesses and households. thejudge has the judge has condemned the state of mental health support for young people saying the state could have blood on its hands over the case of a suicidal teenager. and the actor robert hardy, famous for the tv series all creatures great and small and starring in the harry potter series, has died aged 91. an update on the market numbers for you — here's how london's and frankfurt ended the day. the fts