death row in saudi arabia -- saudi arabia being saudi arabia, death row includes beheading and crucifix. that will be his sentence. this is the regime that you're being asked to send weapons to. people say, oh, they are buying them. the technology is ours. it's american technology that was developed for the defense of this country and the companies would never have the technology had we not paid them to have it. the american taxpayer has a right to that technology and while almost other place in the marketplace, the government has no right to tell you who to sell it to, arms is different because it is from the u.s. taxpayer. i don't think we should sell arms to saudi arabia if it might wind up in the hands of isis. i don't think we should sell them to saudi arabia if they punish people for protests, if they punish people for speaking out if they behead them. now, some will say, if we give them for accurate missiles, they will kill less civilians. that presumes they are not targeting civilians. you think it was a mistake -- you think they accidentally bombed a funeral procession? you thi

saudi arabia. in yemen's civil war. and senator rand paul of kentucky. >> pursuant to the arms export control act of 1976 i moved to discharge the foreign relations committee from further consideration of sj resolution 42 relating to the disapproval of the proposed military sales of the government of saudi arabia. >> under the previous owner, equally divided between the proponents and opponents of the motion to discharge. >> mister president, today is an extraordinary day. an auspicious day. for we will be discussing issues of war and peace. believe it or not, i rarely discuss these important issues, we have been a war for 15 years and a handful of debates, most of them in direct, forced under duress, the leadership of both parties could avoid him. this is called a privileged motion. today we will discuss the involvement in the middle east and they engage in a new war in yemen. we will discuss and i'm sale to saudi arabia that threatens the lives of millions of yemenis that discuss something even m

death row, in saudi arabia, pain saudi arabia includes beheading and crucifixion. that will be his sentence beheaded and crucifixion. ame this is the regime that you're being asked to send weapons to. people say they're buying them, the technology is ours. it's american technology that was developed for the defense of this country and the companies would never have the technology had we not paid them to have it. the american taxpayer has a right to that technology and well, every other good in the marketplace says the government does not have rights tell you who it solid two, arms are different because they're all developed by the us taxpayer. i do believe there should be rules but gets our arms. i don't think we should sell them to saudi arabia if they might wind up in the hands of isis. i don't think we should sell them to saudi arabia if they punish people for protests, if they punish people for speaking out by beheading them and crucifying them. them i'm not for selling them a rifle, much less precision guided missiles. now, some will say that we give them more

arabia and give essentially unconditional backing for saudi arabia yet since that time saudi arabia has led to a group of countries to isolate qatar. and cut it off in a very counterproductive move and they have been just yesterday rapped on the knuckles so to speak by secretary of state tillerson who said through a spokesperson that there is no justification for this so we're seeing two different kinds of dynamics and that that weakens the american ability to engage with the gulf states in fighting against isis and in dealing with and containing iran it really does create a hold on let me let me stop you there and why would this harm our ability to fight isis as it isis also an enemy of saudi arabia it is and yet at the same time we need to have g.c.c. gulf cooperation council unity in order to effectively prosecute that and our primary base in the goal for the united states is in all of a their base in qatar and right now that's been essentially cut off by saudi arabia and so when scotter and saudi arabia and united arab emirates are at loggerheads and they don't have the unity we

saudi arabia has a border with yemen. the iranians are backing a force called the how hi -- out his to bring down a government in yemen. from a saudi perspective, everywhere you look you see iran encroaching throughout the mideast. the theocracy in iran is the biggest threat to world order and that is saying a lot given the world as it is. and i say that with confidence because what iran is trying to do is destabilize the mideast in unprecedented fashion and our allies are tired of it. now is the time to stand with them, with their imperfections, against iran with their hostility. so this $500 million chunk of the $110 billion weapon sale is absolutely essential that the saudi air force get these weapons not only to minimize casualties but when the fight against the aggressive nature of iran and yemen and other places. i don't know where we're going with iran but the president said that the current nuclear deal is absolutely a terrible deal. he is right. this deal locks in a march toward a nuclear weapon by the iranians.

death row in saudi arabia -- saudi arabia being saudi arabia, death row includes beheading and crucifix. that will be his sentence. this is the regime that you're being asked to send weapons to. people say, oh, they are buying them. the technology is ours. it's american technology that was developed for the defense of this country and the companies would never have the technology had we not paid them to have it. the american taxpayer has a right to that technology and while almost other place in the marketplace, the government has no right to tell you who to sell it to, arms is different because it is from the u.s. taxpayer. i don't think we should sell arms to saudi arabia if it might wind up in the hands of isis. i don't think we should sell them to saudi arabia if they punish people for protests, if they punish people for speaking out if they behead them. now, some will say, if we give them for accurate missiles, they will kill less civilians. that presumes they are not targeting civilians. you think it was a mistake -- you think they accidentally bombed a funeral procession? you thi

does not come close to the juggernaut that saudi arabia is. its major field as of 1958 producing 6 billion barrels a day. aramco is proving itself to be an economic juggernaut. but it is also proving to be incredibly successful and expansive in it aid of modernization and development. that was bestowed on it by its first leaders. we see schools and scholarship being provided by aramco. scholarships for american nursing students in beirut. twools for girls, built-in locations. by 1960, thanks to aramco support, and the saudi government, we see the eradication of malaria. this is a multifaceted initiative taking place. leadership is also starting to shift. saudis join the board of directors. they take higher stakes of the company. by 1973, the saudi government will have 25%. by 1980, it will have complete control over aramco, and it will be a saudi company. this is the future, one that seems rather bright in 1960. but of course, there is this organization called opec formed in 1960. that is going to transform the politics of saudi arabia, along

that is going to be important for saudi arabia. maybe traders will come back to their seats earlier then usual. >> do you think we should see a pickup in the middle of ramadan? >> i think individuals come back to the market then definitely. that is why volumes have been lower. i think they are still adjusting and with that, a.b. be they come back to the market. >> how do you see that review playing out in the market aside from volumes? >> we think this is going to mean foreign investors will look at saudi arabia more closely. at the moment you have all the world to look at not on your benchmark. there's no urgency to look at saudi arabia. in dollar terms it is less. i think there is a lot of room for foreign influence and saudi arabia. depending on positioning we expect 25-50,000,000,000 dollars. >> that is it for this best of bloomberg markets middle east. we'll be here for the start of the trading week. join >> coming up on bloomberg best, the stories that shaped the weekend business around the world. political tensions that the

were dealing with iran.r saudi arabia has a border with a yemen. the ukrainians are backing a fourth force called the police and from a saudi perspective everywhere you look you see iran encroaching throughout the middle east. the bureaucracy in the iran is the biggest threat to world order and that is saying a lot, given the world as it is. i say that with confidence because when iran is trying to do is destabilize the middle east in an unprecedented fashion and our arab allies are tired of it and now is the time to stand with them, with their imperfections against iran with their hostility. this 500 million-dollar chunk of the $110 billion weapons sale is absolutely essential that the saudi air force get thesehe weapons, not only to minimize casualties but to win the fight against the aggressive nature of the iran and yemen and other places. i don't know where were going with iran, the president said the current m nuclear deal is absolutely a terrible deal and he is right. this deal marks a newer weapon o by the radiance and if they don't cheat,

versus saudi arabia to saudi arabia versus iran is going to be a mess but look at the edge dude i just ate it said there you know the united states it was a favorite if it's not a family affair between russians and ukrainians would have been leaving in the same state for four hundred years that is an international affair but you know i think the solution to it is colonialism because part of colonialism is not just disdain for that colonial ice nation it's when you allow the local princess fight each other you know since they're severed just anyway let these savages fight each other that's the attitude of the united states the poor weapons bought into qatar or at least i want to really know i mean you know they'll say it's a really unfair the whole reason for the united states to be in the middle east is to ensure the free flow of oil here i mean when we're talking about this and you really see whether this is the very center of it no no. for me it's very simple ali it's just not thought out as usual it's not it's not about usually when you in a negotiation process when you make such a

weeks ago saudi arabia denies the accusations and in the most recent development saudi arabia detained three iranian citizens claiming their members of iran's armed forces something iran has denied the official rhetoric between the two states has also repeatedly been tense . aggressive policies in the region seem to undermine security and spread strife and wars saudi arabia is a country where i don't think the word election has any meaning they've never seen a ballot box so it is kill the children and destroy the houses infrastructure and national resources of yemen this is a serious crime we would welcome the opportunity to see iraq act like a normal country to be a peaceful country to not interfere in the affairs of the countries of the region and to not support terrorism or we invited guests to discuss the positions of both states so this was also a pretty heated debate between political analysts say had mohammad marandi from tehran and. retired commodity commodore from the royal saudi navy for an edited discussion is available on our facebook page to check it out when you can right

i think that's view we have on saudi arabia in general. next on the best of bloomberg markets middle east. u.a.e.'s -- u.a.e. sues the kurdish government in iraq for $26 billion. details ahead,ed this bookberg. ♪ >> welcome back to the best of bloomberg markets: middle ast. they are seeking damages of at east $26.5 billion from iraq's self-governing kurdish region. the story emerged on wednesday. >> that figure is a huge figure in terms of damages. that's a court case in court now, we don't have any visibility on what kind of damages they'll get and how much they'll get. this was a filing they made with the u.s. district court in washington, d.c. at the same time they are going arbitration court in london. this allows dana gas to register the case with the u.s. courts, that would allow dana gas to go after kurdish assets if the kurds don't pay up on some of the awards they've been given and some others they expect to come down the road. >> so the case is in court right now. what happens next? >> we're waiting for the decision on exactly

you look at qatar and saudi arabia, qatar is improving in human rights. so many ways you can look at, travel to qatar, and i see people have more freedom than saudi arabia and egypt. byhink by attacking qatar this way, it will not help. it seems to me that saudi arabia is pretending they are president of the muslims and they can do whatever they want. they can block qatar anyway possible. i think it is a power that they .ant to control qatar look what they did to yemen, saudi arabia, and they cannot damaged yemenis forever. we need to be mindful and to seek this is nothing but saudi arabia interfering with qatar issues, that is why we have to stop. it costs us more money -- right now qatar is talking to russians, and i don't know what is going to happen to the future can to you that as politics, this is not good for our country. host: thank you for weighing in. guest: yes, and certainly, that is the basis for secretary ti llerson's comments. we agree, it is important for saudi arabia and uae and others to lift the economic embargo on qatar and get back to

as far as saudi arabia is concerned, only four of the attackers were not from saudi arabia. the rest were. i think it's the right thing to do for now. host: that's brett giving thoughts on this parts of the travel ban being put back in play. as court decision to hear by full justices takes place in october. you can give your comments toth next few minutes before we move on to first segment of the morning. for republicans 202-748-8001, for democrats 202-748-8000 202-748-8002 for independents. one of the things that the justices did not take up yesterday was this idea of shooting that took place on the boarder. this is ann and robert barnes. saying the court decided monday involving cross boarder shooting of unarmed mexican teenager by u.s. boarder patrol agent. reconsideration. the narrow ruling came in unsigned order that was accompanied by three justices suggested conflicted court when comes to questions of how the country polices the daily turn along the boarder. the high court acknowledged disturbing heart breaking loss of life. it would be prudent to decide whether the 1

forced to go out in the saudi arabia. the way in which you break the ice, get oil, is first coming to terms and to exchange ideas about the world itself. and about god, itself. in many ways, the geologist becomes the frontline of discovery on many terrains. thomasrs, executives, barger, who will become ceo of aramco, a very devout catholic, finds ways to encourage these types of interactions in aramco's offices and camps between catholics, protestants, and muslims. all of this has to take place on a very informal, unofficial way. because of rules by saudi arabia that prohibit religious expression of the sort. nevertheless, he finds ways for these exchanges to take place. he will also help many catholic aramco workers being invested with different philanthropies geared toward the middle east. george rentz is in charge of communications. he is an arabist, a scholar, a child of a missionary. he is committed to making aramco champion the vision passed down to them from william eddy. even workers like grant butler, a jack of a

arabia and by the allies of israel and saudi arabia the united states especially as the great threat to the status quo in the middle east and the whole conflict in syria to a very great extent in my opinion was about breaking that link between syria and iran and that is what has kept the war going for so long and what keeps it going still well you could if you could throw in hezbollah in lebanon here christopher you know but the interesting thing is is that if you look at in this century every particularly the illegal invasion of iraq all the way up to the present all of the countries i mentioned saudi arabia qatar israel and the united states and it's with other western allies of all the further the the advancement of the reigning in power in the region i mean every step backfires on them i mean it seems to me that what they want to do is they want to be able to be a proxy player inside of syria just for the reasons that our xander just said here but given their past or our track record i wonder if it's going to work it never works go ahead. well yes i think i think a very big part

arabia -- the kingdom of saudi arabia has been leading. you can choose the role here at the top right. we've also prepared a graphic in terms of how this could have implications for some of the others out there. if you look at the islamic bonds issued by uae borrowers, seven that are outstanding, all of them are perpetual bonds, with the exception of bp world security. be,anies like i would islamic bank, i'll allie long -- like abu dhabi, dubai islamic ilal --l-h guest: this is likely to be tested upon default. or distress. they have a relatively strong profile. is not really a concern for the highly rated or good credit standing issuers. if you were to get an issuer appointing a point of distress or default, depending on how the court ruling goes, this could be an avenue in the future. we would havepate to wait until the court ruling to see what is the outcome of this before forming any sort of inferences about the future. anchor: the last thing an investor once is uncertainty about possible repayment or structures thereof. how long could

first of all regarding his talk about saudi arabia saudi arabia as not as a saluted and being. you know technically isolated by the whole world because a so technically they acted as an outlaw state when when they acted in for example in libya what does. doing in libya and being supported by iran and being a country or a government and a military force with an ability to force in lebanon and their interference and about how do you know which they still consider part of iran let's look at the second thing is there a over to over over over taking over ticking over over taking. over to iraq i mean they are technically all in iraq right now and they're into theaters in syria as wrong as far as an emerging war wrong so did a lot of the urine stream of the. i'm not going to i'm not i'm not finished i'm going to finish by the way al qaeda and i says never attacked iran can you explain why doesn't i says attack doesn't attack iran but they have attacked. attacks saudi arabia and many to many terrorist acts many times now we come to it to yemen saudi arabia and yemen shared hundreds and

i would say you are seeing clarity, not from saudi arabia alone, saudi arabia, the uae, egypt and other countries are at least standing and saying we cannot have a small country in the region that is supporting non—state actors that are supporting groups like everyone to militias in libya, cutting deals with militias sitting in a row, saying there comes a point where we have to call a spade a spade. which is interesting because i think outside of the region, many of people say the problem is saudia arabia. we have a country in the region that has been supporting extremist elements but also the idea of non—state actors, whether you have the taliban having a representative office as though it is an embassy. these are signals that actually have detrimental effects on people's lives and that is what we are seeing translated in the region. jeff, is this the consequence of president trump's recent visit to the region and has very strong message of support to saudi arabia? the reporting is that the saudis felt empowered by the green light that they got from trump who also pushed very hard

you had a whole set of alliances between assad russia iran it saudi arabia qatar turkey etc and now with this recent spat with this with this conflict between saudi arabia qatar everything has turned upside down if you don't have turkey and iran siding with qatar you have russia trying to mediate but leaning a little more towards the qatari side you have the united states and trump tweeting about how saudi arabia should be supported qatar is the enemy etc but giving twelve billion in money and weapons to them so you have a whole different dynamic now which is just really been a tectonic shift from what syria was to work with and these two countries are nominally american allies. well i think what we're seeing now is a break and i'll know very well and tradition in the western media would have been . for i think about sixty years do more chrissy don't fight each other american allies daunte fight each other so do futile countries you know the cold would use countries like. china where all its but they were bad well now we see how america now why saudi arabia and qatar are basically f

tried to block an arms sale to saudi arabia. yoyour thing governments across the globe does in u.k., arm cells are also sububject to judicial review. takething countries really steps but it is not enough because in the end, the u.s. arms sales go forward. in the end, donald trump went and said, here's $110 billion in arms. still providing significant backing to the coalition that are carrying out these attacks. also blocking and impeding the flow of aid into a country that is facing famine and cholera. amy: and the major winners, since trump talks about winners and losers, the weapons manufacturers in the u.s.? >> basically. you are seeing in a very gross of profitioritization over civilian lives. it is sort of, at what point do you take the step and say, it is not worth it to sell another weapons deal when and not only means that the message you're sending to yemeni civilians is that you don't care and what you're saying u.s. officials involved in these deals, don't worry, just take the risk of potential legal liability and mov

they are similar religious bloc to saudi arabia. they a similarsunni religious bloc to saudi arabia. they a similar sunni view. but they have given up many points. punching above theirweight, is given up many points. punching above their weight, is that we giving? something like that. they have the 2020 world cup coming up. they're one of the richest worlds per capita. then half of london. they have a lot of clout for the reasons you have explained, but when it comes down to the basics in life, it is importing them all. absolutely. it has a close border with saudi arabia. food insecurity very important. the lbg that is finding all of this, finding all the investment that is going to go to the stadium, that is all the back of that. and if that is good to be more expensive, everything will be more expensive. —— lpg. expensive, everything will be more expensive. -- lpg. why has this flat out now? is thatjust because these countries felt that they had the backing of the us president, saudi arabia and so on? there are a lot of people

arabia's future. we are going to continue our business in saudi arabia. we are going to top that with more developed. >> there's one more grocery store i shop atin abu dhabi. there's been speculation you might be interested in spinny's. is it true? >> i don't know. what i do know is you have to change your shopping habits. >> let's talk about what is happening back and debbie -- uae.u dabhi, in the retailers have been forced to slash prices. we, that is what we do, i would say and so far we have been managing to reserve our growth. very soon we'll be announcing our numbers. your revenue right now comes out of the uae, followed by saudi arabia, qatar. do you see any shift in this sort of structure? >> it will continue to be the case. we have a plan in quarter to make sure our revenue is continuing to be generated from depth and alsove sustainability and this is something we have been delivering against. be, iwill definitely would say, a readjustment in terms of some of the markets we are operating in that are specific to those markets. i expect maybe qatar

first of all hello everybody and first of all saudi arabia and saudis don't have anything against the iranian people and as a lot of pressure we think they are. iran is a. very rich in natural resources they have very rich heritage and they have very hardworking people and until nine hundred seventy nine things we had a fine between the two countries and it's really surprising after the iranian revolution when the late ayatollah khomeini took took power we expected him to be actually i mean his main purposes overthrowing the shah is to build iran and to make it say of several safe and prosperous for their own people but the first thing that the any means did in one nine hundred seventy nine was their declaration of. spreading and extending their revolution returning. to the arab world especially the gulf states and this is why most of the rain indicated are not into head on but they are in the united states and. canada and europe and when no one thing we have to go to we receive hundreds of thousands of iranians as a blogger image or every year and we have we have nothing it as they s

if you go to saudi arabia now, you can see it i5 to saudi arabia now, you can see it is changing. at the same time, some will say it is baby steps. stay with us on 0ut5ide source — still to come... we will look at why travis kalanick, the chief executive of the has resigned. emergency services are at the scene of a crane collapse in crewe where three people have been trapped. cheshire fire and rescue service and the police remain at the scene of this collapse in crewe after being called out for 30 pm stating that people were trapped underneath the game. it was working at the new house development. 0nce game. it was working at the new house development. once the emergency services arrived, the driver of the team was airlifted to hospital and i5 driver of the team was airlifted to hospital and is receiving treatment for his injuries. north west ambulance service would only say that an adult and child were also taken to hospital for a that an adult and child were also taken to ho5pitalfor a checkup. we do not have confirmation if they we re do not have confirmation if they were pa

saudi arabia and egypt. its strategy is based on a basically perception that by creating a coalition not only against iran and against isis, basically the united states will be able to change the dynamics of the region. this particular strategy is to be tested. the middle east is a mine field. most presidents -- you're talking about from president clinton to president brush to president barack obama, and now president donald trump -- will realize sooner rather than later that the middle east is very complex and a very difficult area to manage from washington. >> fawaz, thank you so much for your time today. >> thank you. >> we appreciate it. >>> the son of the late libyan leader moammar gadhafi is free after six years in captivity. a militia has been holding him since 2011. >> statements said that gadhafi was released under a general amnesty law. the libyan parliament passed. he is still wanted by the international criminal courts for alleged crimes against humanity. >>> british prime minister theresa may is

stay with saudi arabia and iran. it reverberates throughout the region. and because one way by which they wage this competition between them is through proxy fights in the rest of the region, be it in yemen, be it in syria, be it in iraq, or even be it in lebanon. so we are likely to see as tensions and as things escalate between the two countries, we are likely to see that being played out again in yemen and being played out in syria and being played out in iraq. what's problematic here is that instead of the two regional countries-- iran and saudi arabia-- focusing their resources and working together on fighting a common economy to both of them, which is isis, we are seeing this now escalation in the relationship between them, leading both to divert their resources and their attention from the real joint enemy which is isis and focusing it on waging this fight and this competition between them in different proxy sites around the region. >> kaare, im, i wonder what you believe the trump administration's response to

saudi arabia is important, we need to ta ke saudi arabia is important, we need to take in notice of who is the future leader. he is someone that people in the region know quite well for the last two years after he was named deputy crown prince, minister of defence, quite close to his father. he is also someone who is young and someone father. he is also someone who is young and someone who has brought a diners to saudi, part through the vision 2020. some people like to say it is just semantic. vision 2020. some people like to say it isjust semantic. absolutely. not talking about the economy, you can't just liberalise the economy and lease society behind which i think is an issue around the world because of the new think let's get economic ‘s deletion thoroughly society. that impetus to try and change it. it comes at a time when the region is going through so many events. you started by referencing the tragedy of mosul. also the need to try to make the politics of the region not about secretary and brutal ideologies and try to think how do states function. at the heart of what we are s

a big shakeup in saudi arabia. the 31-year-old son of the king asnce mohammed has replaced air of the throne. he already controlled saudi arabia's's oil and economic policies. u.s., a setback for democrats who had hoped to capitalize on president trump's low approval rating. handle won then, election. raise less money her opponent in what was the most expensive house race in u.s. history. on capitol hill, senate republicans are expressing frustration over the drafting and obamacare repeal bill. senator john mccain has not met anyone who has actually seen the health care legislation. the leaders are expected to unveil the bill and possibly schedule a vote on it next week. global news 24 hours a day powered by -- global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. u.k. labor party leader may's and prime minister behavior westminster. you can see corbyn there. keep an eye on the development spirit in the meantime, you can watch on the bloomberg a

china where it all it's but they were bad well now we see how america now why saudi arabia and qatar are basically fighting each other and the problem is that the port spawns some very very unseemly groups the only difference is that qadar sponsors the so-called muslim brotherhood hamas is an offshoot brotherhood in palestine in egypt and brotherhood even came to power democratic a day at a certain moment saudi arabia sponsors were hobbits so we have a very serious situation we have the united states a light with countries that indeed spawns extremist groups we have the u.s. president at the mediately at saying that it has been funding terrorism and then said in weapons to qatar to the tune of twelve billion dollars it really opens up i've said to many people that in particular in american be generally in western media is that you don't criticize israel too much and don't say anything about it so here. in the headlines and you don't have to dig very deep to find out what kind of regime the united states is supporting there in my opinion. of the. of this region because as you called.