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Thing unless we manage that process properly. the key thing of the region, people in the west don't understand it, population's set to double in the next 25 or 30 years. now, that young population, that's a quite different situation of europe or the u.s., i guess, how are they going to view this world? are they going to say, right here is our opportunity for greater freedom, greater openness, greater respect? you know, we want to mix with those of other nations, other faiths, or do they get take sboon an alternative route that's more closed? i think that's the challenge. >> not a great start t...

>> absolutely not. >> how do you stave off quite fast rising prices particularly for food in the gulf states and also the broader middle east? when does it become a challenge that you're behind the curve? >> no, we're not behind the curve. the inflation, we have about 5.4% now, dominated by food and housing rental. food as you well know is a very global problem now. we have very significantly rising demand for food and emerging economies like india and china with huge populations while the supply response hasn't been as great, particularly because of the climatic changes and the harvest proble...

Compensate for that. and this is what is being done for this. but what i want to emphasize, it is not really a monetary phenomenon in our case at least. >> it's quite acute in north africa and this is one factor behind the protests that we have seen over the last two weeks, in some cases double-digit food inflation. that is a danger in the neighborhood, is it snot. >> food supply chain and the logistics of getting food from the farms to the consumers is a major challenge, especially in heavily populated countries like india, if you will. and therefore, i think the world would be well advised t...

Of america. >> do we need to accelerate cooperation within the arab world to avoid the spillover effects of the rising costs of food and a restless population of youth who don't have job opportunities? >> this region has one of the lowest intertrade between countries in the world and continues to be. it's been and continues to be. and i think the key thing is how you get labor and capital to migrate freely between them. >> tunisia is a model reformer on the economic tools that it had. it did open up to textiles. it did open up the farm sector and opened the tourism and technology sectors but i...

Positions us well to delivering to our demands, gross, which is going to come. >> what are the new frontiers for you? going into brazil, offshore, west africa, the field in kazzing stan, a challenge and a gigantic field and where are you looking for new finds? >> for new finds, i would say australia is key for us. we are very good expirations success there. in the gulf of mexico, we have good expo ration success and obviously you mentioned some areas but qatar for us is very important. we have two major projects coming on stream there. we have got good prospects there. >> there's an interestin...