Our first guest is playing the long game when it came when it comes to investing in the middle east and africa. Bob diamond is known as an optimist and some of it seems to be paying off. The original vision was to in key countries. We are in seven countries. Invest intinuing to union bank of nigeria. I think our focus right now is completing the next stage of investment in upn. Ubn. We really like nigeria right now, we think it is in a better position with the collapse of the oil prices. We think the Agricultural Sector has grown very nicely. We have just made a second very large investment in ubn. Yousef are you in track to double your fiscal year profits . Yes, thats the statement we made and we expect to do that. Yousef other asset sales planned . Bob i cant think of an evening along that line. There were other countries we were interested in become a seven we are in right now, but the focus is completing application. Last year, we acquired a second bankin rwanda and a second and sa
Our first guest is playing a long game when it comes to investing in the middle east and africa. Bob diamond is known as an optimist and some of it seems to be paying off. Bob the original vision was to have position in key countries. We are in seven countries. We are continuing to invest in union bank of nigeria. I think our focus right now is completing the next stage of investment in ubn. We really like nigeria. We think it is in a better position with the collapse of the oil prices. We think the Agricultural Sector has grown very nicely. We have just made a second very large investment in ubn. Yousef are you on track to double your fiscal year profits . Bob yes, thats the statement we made and we expect to do that. Yousef other asset sales planned . Mom i cant think of anything along those lines. There are other countries we we are interested beyond the seven right now, but the focus is completing application. Last year, we acquired a second bank in rwanda and a second bank in zamb
European markets are up this morning following from gains in asia and the worlds count down to the Federal Reserve policy decision. Members of the fomc begin their crucial meeting later today. For more on how the markets are cross straight over to mark. Mark gains, but why . That is the big question. Because the odds of a rate increase our 32 and on monday it was twice 6 . So investors are less certain that the fed wont raise Interest Rates. 5050 asked much whether they think they will raise rates. China did rising and what it always does is bounceback in the last hour. Twoday threeday. It was lower 75 minutes ahead of the close. All the way up today and closing up by 4. 9 . Rose as highst 5. 9 which was the biggest rally since when the market does that it is often associated with state intervention. Dont forget this is an index which sunk 20 since august 11 and is tracing trading or deny percent below the record set on the 12th of june. Have a look at a currency we dont talk about eve
Its workforce. Zurich insurance net profit falls nearly 30 , hit by weatherrelated claims in the u. S. And europe. This as lower Interest Rates weigh on investments. Welcome to the show, everyone. Lets get back to one of our top stories this morning. Hundreds have been left dead and thousands injured after Security Forces broke up camps supporting the former president mohamed morsi. Interim Vice President and leading liberal voice in the country Mohamed Elbaradei resigned over the use of force. Yousuf is in cairo. What is the latest on the ground . There is a relative return to calm in this part of cairo, but, of course, the country as a whole is in a state of emergency after clashes yesterday between supporters of the ousted president and Security Forces. The government taking a decision to disperse these two protest sites, which have been holding out there for some six weeks. The diplomatic efforts didnt work and now they made a decision, they said they had no other choice. The Prime
Kenya Approves Sale of State s Stake in Stanbic, NSE in IMF Push bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.