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We begin with our conversation with the head of fixed income Asset Management hussein. I think you have seen some stability it obviously in the last 12 months specifically , obviously because of the best particularly since 2016 when the oil was very low, and you had middle east begin to get impacted. However, the big change, and i think that is something we can talk about, middle east read versus global em. That is were the real story has been in the past 12 to 15th months, the way that i see it. You have had a situation where if you look at spread on about Jp Morgan Middle East index and you compare it with the fiveyear emerging markets cdx spread we have done exactly that on the basis of your notes. Btv 7042, compares and contrasts em versus middle east credit. Talk to me a little bit more about where the trend goes from here. I think that is the interesting point, i think what we will see as probably middle east outperforming global em over the next six months or so. You will probab

United statesSaudi arabiaSouth africaNorth koreaSouth africanAbu dhabiTim foxBloomberg yousefMorgan middleeastJustin carriganYousef gamal elAsset managementMiddle eastJp morganJp morgan middle eastSix months