As germanys spy chief says huawei cannot be fully trusted, we speak to the companys officer to the u. S. In this hour. It is 9 00 a. M. Across the emirates, 1 p. M. In hong kong. Im tracy alloway. This is bloomberg daybreak middle east. Manus im manus cranny in riyaad. There is a new globally important date. December 11, their remco ipl will start to trade. The valuation anywhere between 1. 5 to 1. 7, depending on which analyst or moneyman or woman you speak to. 40 from the u. S. The negative Interest Rates. Billion, buthe 15 only one question that matters in riyadh. What is the valuation and who is going to buy their remco ipo . We have a guest later on. Michael thompson in terms of flow of money. Joins me after 30 minutes. We will get his brexit take, the flow of money and how important the region is. Good morning. Tracy lots of interesting conversation coming up in just a few minutes. Before that, lets check in on the markets this morning. The benchmark 10 year yield on china Govern
Will america become the worlds number one producer in 2018 . First, the week began with news that saudi prince had been freed after more than two months in detention in riyadh. He was allowed home after reaching a settlement. He will remain at the helm of his company. They are raced the losses he had sustained. I got more from the story from riad hamade. Riad we heard earlier last week that they want to wind the whole thing down. They said that 90 people have been released, and they have got 95 further people in the ritz waiting, either to be sent to jail, taken to the prosecutor, or released. Over the weekend, we had the release of these very highprofile names. Alwaleed was the biggest name and the one that captured peoples imagination, but there were a couple other officialses and released as well. Yousef two key names. The head of the middle east broadcasting, a very powerful figure, and the billionaire founder of one of the countries one of the countrys largest retailers. This gove
Forecast. I am yousef gamal eldin. Ahn. i am shery we are seeing that Global Equity trading, andian asian currencies gaining ground. Ome the nikkei losing 1. 5 a very important day for india as we get the 2017 Economic Survey and the annual estimate this evening. Losing ground,00 miners reeling, as oil prices coming down. Ally, this entire week were the about Central Banks. Yousef absolutely. We have a big week for Central Banks, the fed, boj, also the brings up this conversation around policy and pressure on the u. S. Dollar. Let me show you a chart that tells the story. Ecb tried to hike rates, but to turn a corner. This is the state of play of key Central Banks. The line in yellow is the fed target rate. On the fact they may not change rates, the base case expectation, but looking very carefully as to what they will possible balancen sheet reduction, speaking of possible passive shrinkage. Lets speak more about rising fromons, big developments the Trump Administration. The white hou
In london and midday in hong kong. This is Bloomberg Markets middle east. Lets start with how markets closed in the u. S. On friday. We had a big day on friday thanks to the payroll report coming in at 235,000 jobs. Put all the major indexes in the green. 33 and the russell 0. 38 percent. It should give you some indication of the optimism taking place in markets. Here in the middle east we are two hours away run the opening of the emirates market, dubai and abu dhabi. Theyntrast to the u. S. , had a bit of a rough close. All three of those indices down last week. A lot of optimism around oil and into this to feed equity prices. A different story elsewhere in the region. Egypt almost up 1 . A good end of the week for catch our. Quatar. Talk about bitcoin. We had a major decision from the u. S. Securities regulator about the proposed bitcoin etfs. Take a look at this chart. You can see the timeline of the proposal of this bitcoin etf in the summer of 2013 at a now we have the decision to
That question - Abu Dhabi or Dubai? - is a common one among billionaires, fund managers, startup founders, trust attorneys and even fraudsters who are either in or seeking a slice of the insular world