Bring in a head on the air hes an Investment Analyst at the share center and joins us now from london it will be the biggest i. P. O. Of all time but the saudis were planning to make much more from the sale why did they have to pay back their expectations. Well i think their expectations were ultimately slightly high to try and valued the overall. Business 2 trillion to me was partly a vanity project very valued and when they were when they were asking the overseas investors to get involved it was lukewarm pretty much of what he said that its going to be 2 trillion is far too much more realistic valuation now seems to be around the 1. 00 trillion to 1. 00 trillion but even then i think the market in general Still Believes that that could still be slightly on the high side so i think you know just adjusted to reality to a certain degree was the valuation the only reason that International Investors stayed away. Well i think not necessarily i mean what youve got to look at is the Saudi Arabian market is a fairly limited access market for Foreign Investors. And there are concerns with regards to control and political influence within the saudi aramco business as a whole than unfortunately i think what we have seen over the years is the role family gain more involved and you know one of the one of the princes now in charge of the oil ministry thats usually you know something that doesnt happen and ultimately that means more control over for Foreign Investors unlike with shell b. P. Chevron all the other all companies they will not have that much control of will this move help this is only 1. 5 will it help wean the saudi economy of all is that possible. The saudi saudi are encouraging rates roughly 2 thirds of government revenues so its going to be very hard to do in the very short term i know this is only 1. 00 and 1. 00 and a half percent also at the moment but its something that will take you know years if not decades there is this vision 2030 plan by the crown prince. Ultimately will help but there are a number of other factors that be they need to change i think the relationship between politics and economics is to close at the knees before more independence of the private sector as i think there is an issue with Large Companies dominating individual sectors because of the close connections with the royal family and there really isnt that much in terms of financing for Smaller Companies who wield little influence or think theres a lot of transition within the overall economy and the whole system as a whole. From the share center in london thank you very much. Irans Supreme Leader ayatollah ali harman a has backed the gasoline price rises that have caused nationwide protests demonstrations broke out across the country after the government raised the price of gas by 50 percent to irans 0. 12 a liter mass protests in the capital tehran and elsewhere some of which turned violent with demonstrators setting fires and breaking windows iranian authorities raise the official death toll to at least 3. Us electric car maker tesla plans to invest up to 4000000000 euros in its recently announced factory outside Berlin Germany german media reports the creation of a socalled factory could bring thousands of jobs to a region weak in industrial and factoring but no legal papers have been signed yet and tesla found the e. U. Long lost does have a reputation as a corporate maverick. The announcement came as a total surprise during an awards ceremony in berlin on musk announced a news matter of fact early. Weve decided to put it as they get a factory europe in the berlin area. The plan is to build it in the small town of green hide it just east of lynn itll be teslas new europe factory where the s. U. V. Model y. And batteries will be built it will create at least 7000 jobs and the factory will be built inside 2 years otherwise not much is known at the moment. The new competition right in german car makers backyard might also inspire more progress in german electro mobility and hippie that iran is is lets say pulling us a bad i think the German Industries really know strongly in this thing and the bill keep you. Learn it. On friday folks are going announced it will be investing 60000000000 euros in electro mobility and digitize asian. And staying in that sector u. S. Comic a forward has unveiled a new electric version of its classic sports car the mustang at a glitzy event in los angeles hosted by actor elba the company says the mustang mac eat before months and green values some 4th of the ass are disappointed because the new you must stand is an s. U. V. Those who are excited about the new car can place their orders for deliveries starting next. Boeing has landed an order for 10 more the grounded 737 max from the fans a subsidiary sun express bringing the total number of the airlines orders of the controversial plane up to 42. 00 both Companies Made the announcement at the aviation trade fair in dubai on monday that plane type was grounded worldwide after 2 crashes killed 346 people elsewhere at the air show emirates and our bus buses shook hands on a deal that will see emirates pay a hefty 16000000000. 00 u. S. Dollars for 50 a 315. 00 planes. Now lets get the markets view on this with contribution and fine for comment how much of a risk is it for an airline to order a model which is still not allowed to fly. Well we dont know the details of the deal of course its very very likely that boeing offered. The airline sun express a significant discount for this order and its also very likely that this contract will not come into final effect before its allowed that the 737 max will get back to the air in other contracts comparable ones weve seen the same trans aviator for example the german excuse me the european no frills ally also said that they were willing to order the 737 max but really when of course its cleared to fly. Boeing is not the only large plane maker in dubai hoping for new orders airbus has announced a big order as well how are they doing. Very well gary hart you just mentioned the large order that emirates has placed also air arabia has placed a fixed order worth around about 14000000000 euros air arabia is a new Budget Airline launched by 80 heart from abu dhabi and this order and the one from emirates shows that the competition in this market arabia continues to be really strong despite all the uncertainties in the region or booze in the frankfurt thank you very much. Now its been described as a game changer for combating Climate Change or curing diseases but for millions of Chinese People Artificial Intelligence is more about smaller household jobs like closing the curtains ai is increasingly a feature of everyday life in china but forming tasks that improve life but its not without its critics. The Star Attraction on the streets of this big a hoot may be this talking parrot. But inside the homes here you find families like this one is talking not to their tropical birds but to their home control systems. Command technology has helped improve life for the lived one family that we have to our back had an air. Performing the simplest of tasks. Its a show not on that it brings more comfort to our life and it makes as much happier year. Thanks to advances in sound Recognition Technology elderly Chinese People can no access the benefits of ai through other for a while weve found that with the Voice Recognition it was easier for older people to use the same way i devise is when cards are feet on the board but for all the promise there was plenty of peril about ai use in china and shouldnt john Artificial Intelligence forms a key part of the states repression and imprisonment of some 1000000 you got news limbs. In hong kong protestors fighting for democracy where mosques trade bait the clutches of the facial Recognition Technology capable of identifying gender age and much more. C cant we used to be you and i speak you to it is in the friendlier field of robotic where china hopes to well talk talk control can bot has already sold 100000 drop watch for use across the Service Sectors from hotels in airports to hospitals and banks. Of china our armies are promoting technology especially education in the Primary School high school and even in college and technology is pressuring the Service Record industry. Foster. Anywhere else music to the ears of chinese officials as being valued for an age in the race for global supremacy. And thats it for me and the Business Team here in berlin for Business News back cross stories and features dula go to our web site thats the w dog slash business its also follow us on social media were on facebook on twitter for the go is a quick look up close. Ahmads others obviously. The blueprint for every living thing on this planet my new commission her. Brilliant natural its the most effective way to see vast amounts of data scientists in syria now want to use this code for technology theyre developing artificial d. N. A. To save Digital Information to our world to just 30 minutes. The Media Ventures of the famous naturalist and explorer. To celebrate clicks on the phone who modes 250 years working on the for the discovery. Expedition book on d. Day. Belonging to one official estimates more than 1200000 venezuelans live in colombia legally and illegally. But it was returned to vast whaler. To visit friends i dont think id ever go back there to live you know what i live there again i dont know so im not sure. Witness global news that matters. Made for mines. Their wealth isnt calculable. Their egos insatiable. Their rivalry deadly. 3 princes. Dream of the arab world. The wife of princes of. Starts november 27th on t. W. This is d w news live from broadway and i love a standoff between police and protesters in hong kong descends into chaos a night of violent unrest seize demonstrators barricaded themselves inside a university anyone trying to leave facing arrest well take you there live also on the program. Iran imposes a media blackout following deadly protests against fuel price increases a Senior Commander accuses the United States being behind the unrest. With multi resistant bacteria killing more than half a 1000000 people every year all week
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