Category
🗞
NewsTranscript
00:00 "We know that the head of wisdom is God's fear.
00:02 We hope that this project will be watched by many who have been thinking about it,
00:08 especially that 35 billion dollars in this project with very important companies will benefit Egypt."
00:17 "It is expected that even 150 billion dollars will be raised in the coming years through these investments.
00:24 We also have the prices of the shipping that continues to rise due to the problems in the Red Sea,
00:31 this time in the security sector."
00:33 "Of course, the sea security differs from all types of security, security policies and documents.
00:38 The Lloyds Group in Britain alone should take action on the issue of raising the cost of security
00:43 to account for the risks.
00:45 Therefore, the group finally met and decided on the reference price for security on the ships in that area."
00:52 "And the prices of the houses in China, if you are interested in buying there?"
00:56 "I was in Japan now, because the interest rate there is still zero."
01:00 "For the details."
01:01 "For the details."
01:02 The event at the end of this week is the project of the head of wisdom,
01:18 which is the largest deal in the history of Egypt,
01:21 where Egypt signed a contract to develop the project of the head of wisdom in Egypt,
01:25 with the participation of the United Arab Emirates,
01:29 and with a value of 35 billion dollars.
01:33 It is said that this first value will be invested in two phases.
01:38 The first phase is about 10 billion dollars,
01:40 and the second phase is 15 billion dollars.
01:43 "The important thing is that this kind of investment will bring foreign currency to Egypt,
01:48 which is what it needs.
01:50 The partnership is also important, especially that it comes from a country that always looks at investment opportunities.
01:57 And I expect, as I mentioned a little while ago, to attract 150 million investors."
02:03 "Yes, as well as the positive impact on the labor market and jobs in Egypt.
02:07 There is a big bet to create this project, a number of job opportunities for Egyptian youth.
02:14 There is also a big bet to make the project of the head of wisdom one of the solutions
02:20 to the problem of foreign currency through perhaps more dollar flows."
02:26 "Yes, this type of project will have several categories.
02:29 It will open the field of entertainment, restaurants, tourism.
02:34 I am talking about the housing market, and many others.
02:40 It will open the field to many people to find the right opportunity to enter these sectors."
02:47 "This project will be built on an area of more than 170 million square meters,
02:52 as you mentioned, for different sectors, entertainment, investment and tourism.
02:58 It is expected that the return of this project will start immediately after the end of the design."
03:04 "But Egypt will have a share of the profits and returns on this project.
03:08 It will reach approximately 35%."
03:10 "On one of the important statements of the Egyptian Prime Minister,
03:14 he said it frankly, that it is a partnership and not a sale of assets.
03:18 This is the point I am confirming."
03:19 "This is because the word sale of assets may affect the Egyptian street,
03:22 which considers that this is part of the existence of the state.
03:25 We know very well that we had a problem with the islands and others.
03:29 Therefore, it is clear from the beginning that some people did not understand that they bought the land
03:34 and therefore the project will be built on it or that they acquired it.
03:39 It is a partnership more than just ownership."
03:45 This time we will talk about the markets.
03:47 How did the last week's fluctuations end?
03:49 What was the weekly performance of foreign currency oil with Kirolan?
03:53 Let's follow the details.
03:55 So, viewers, to the global market fluctuations at the end of the last week.
04:10 How did it start with us?
04:12 I will start with the figures recorded by Wall Street.
04:14 Dow Jones is waiting this week for Amazon's share to join the list of 30 blue chips or leadership.
04:22 But despite the fact that the stock market is not yet organized,
04:26 Dow Jones reacted positively.
04:28 We are talking about levels above 39,000 points.
04:34 This is the first level for Dow Jones at 39,100 points.
04:40 Also, a new level of measurement recorded by the S&P 5000,
04:44 a point that closed on it almost,
04:46 or it had tried and tested it in the trading sessions on Friday.
04:50 This is also a measured level.
04:52 I will remind you that Nvidia for the first time reached a market value of 2 trillion dollars,
04:58 behind the profits recorded by the company and investment rates in everything related to the artificial intelligence sector.
05:06 We will now move from indicators to the dollar movement.
05:08 The dollar in the last week.
05:10 The dollar was in a downturn.
05:12 The reason was to accelerate the markets for the coming decisions
05:16 and to calm the situation in relation to the start of the change in the monetary policy.
05:22 The dollar index was back by 13 points.
05:26 As for the euro, we will follow with you the other indicators.
05:34 We had the European stocks in general performance was superior in the last week.
05:38 It relied on the banks' shares, the refinancing shares that were back in the weekly market.
05:44 The petrochemicals were back, but they rose despite the data on the euro area,
05:54 and specifically in Germany.
05:56 But it seems that there is a direction from the European Central Bank to support these countries,
06:00 perhaps to start early in the opposite of the monetary policy.
06:04 We move to the oil.
06:06 We have oil in its weekly performance.
06:08 We have Brent losing 2.20 points with the news increase.
06:12 There is a gap in the oil price.
06:14 We also found that the session in which Macassar recorded profits before the weekend
06:18 was due to the end of the individual contracts with high interest rates.
06:24 This is evidence that the markets are afraid of the oil price gap.
06:28 But if we look at the WTI, we also found that the second week of the oil reserves
06:35 rose, the weekly loss of 12 million. The previous week was about 7 million barrels of oil.
06:42 This pushed the prices to the pressure to recede by 3.4%.
06:47 The gold was a positive performance on the weekly level.
06:50 It benefited from the dollar recession and it benefited because it was safe despite the fight
06:55 in the Middle East.
06:57 But despite this, we found that the gold movement was on the level of $2,035.
07:04 These are the best prices we have tried and tested.
07:09 I remind you that we had a lot of news, but on top of these news,
07:14 Google contributed, which is a good sign of the very strong shares in the technology sector.
07:20 The company denies that it will close the Gmail email in August.
07:25 This has affected some of the movements in the market.
07:29 Until now, the company has announced that there is no health for these trends.
07:33 To our topics under the cover, we start with the UAE, which succeeded in getting out of the gray list.
07:49 The UAE is one of the countries with the lowest gray list.
07:55 It is a risk of illegal financial inflows.
08:00 Of course, this list includes 24 countries.
08:03 It had a number of tough and high tests to get out of this list.
08:11 The UAE succeeded in getting out of this list after being subjected to this severe investigation since 2022.
08:22 Of course, it was taken on some of the countries where there was a rapid economic growth and a strong liquidity entry,
08:29 or what is called hot money.
08:31 It was legislated for what is called money laundering or the entry of many assets without asking about the financial transfers of these assets.
08:40 But the UAE got out of this circle.
08:45 It seems that it remains in the countries whose money and investments have become very well-known.
08:55 It denies that there are precious stones, diamonds, metals, etc.
09:08 The UAE has attracted many investors to countries where the war has been lost.
09:15 The UAE said that in January 2023 to October it imposed about 68 million dollars on all companies or entities that have a suspicion of money laundering.
09:29 It is what made it possible to get out of this list. It is also expected to strengthen the foreign investment port and promote the UAE as a safe environment in the financial and investment sectors.
09:43 We have talked about our preparations for Ramadan.
09:49 If the goods and food products will be affected by the sanctions imposed by the Red Sea or their prices will rise,
09:59 this seems to be a reality that will be imposed on us in the coming months.
10:05 The insurance of the risks of ships and ships carrying goods in the Red Sea area is rising due to the British Lodz Group's assessment of these risks.
10:18 We have talked about the increase in insurance costs, and before that the increase in shipping costs.
10:23 The French press agency mentioned the rise of the ship's value, which is between 16.1 and 1.1 percent.
10:33 This is a huge amount of money, as these ships carry a lot of goods and financial materials, as well as oil.
10:44 However, it is important to note that the risk of these ships being affected by attacks is dangerous.
10:51 Yesterday, we heard about the intention of one of the oil carriers, and the oil leakage to a large area in the sea brings us back to the previous British Petroleum incident.
11:02 This is why we find that when we talk about geopolitical tensions over oil prices, this is what we mean.
11:13 It is not a delay or a failure of these ships, but if they are attacked or hit by fire, they lose environmental losses and oil leaks into the water.
11:19 The International Monetary Fund says that the value of the trade that is carried out on the Red Sea is between 12 and 15 percent of the global trade.
11:30 What is carried out on this area is a huge number of ships, which is more than 100 million euros for one ship.
11:40 Let's move on to the political issue of the cold war between the United States and Russia.
11:46 The Russian origins are still frozen, and it may soon be exported to Europe and the United States.
11:52 But the issue is longer than that.
11:54 The US Treasury Department lists 14 Russian oil carriers as black. What does that mean, Salah?
12:01 The United States chose the second evening of the second war or Russian invasion of Ukraine.
12:09 The United States says that Russia was able to create a shadow regime through which oil is transported to different countries without the agreed price by the seven countries, which is at $ 60.
12:23 Of course, there was a previous disagreement that Russia was not allowed to set a price limit for the prices of oil so that it would not compete with other oil.
12:34 But Russia insisted that its customers, especially from China and the Asian countries, stay at preferential prices.
12:41 This will certainly force the US to impose and add to these ships, which will increase their costs, and therefore resort to another source of oil.
12:52 There is a source, as the US Treasury Department says, that there is a U.S. disturbance from the continuation of financial inflows heavily and extensively on Russia.
13:01 Yes. Now let's move to the electric cars sector.
13:06 If we go to China and the real estate sector, it seems that the prices of houses will continue to decline this time.
13:14 Yes, they have declined significantly in the monthly level.
13:17 According to the National Statistics Office, the prices of houses have declined by 13 points on a monthly basis in January and at the level of 70 cities.
13:28 Of course, Shanghai alone is the first city where prices have risen, but in general, you know that the real estate sector is one of the important sectors in the Chinese economy.
13:40 Don't forget that the People's Bank of China has specifically reduced interest rates by 25 points on real estate loans.
13:48 This will protect the real estate sector by 25% of China's GDP.
13:53 Therefore, the government must act, or collapse as a result of this, if there is no intervention from many other sectors.
14:01 Unlike other countries, the real estate sector or financial services form about 25% of China's GDP.
14:08 So what do we expect in the coming months for the real estate sector in China?
14:13 Of course, it is on a yearly basis, also with a 17-point decline.
14:17 What is expected is that the Chinese government has forced banks, as you mentioned earlier, to increase incentives through loans to the real estate sector.
14:27 On the other hand, it calls on real estate developers to give incentives to reduce prices again.
14:33 Yes, there is an example that says that a bird's airport has only risen as a plane's airport has fallen.
14:40 But this is related to the electric car sector, which was in full operation to invest in, buy and convince.
14:48 There was a defense from manufacturing companies that the world may need a very large amount of electric cars,
14:55 despite the government's approach to what is called "environmental pollution" and therefore the entry into buying this type.
15:03 However, Tesla seems to have agreed a lot on its price and it was one of the companies that achieved a clear growth.
15:10 Therefore, it is time to implement the real price of the company.
15:16 It flew quickly. I really liked the example.
15:18 Even its market value has lost about $188 billion from the market value of Tesla.
15:26 The share has fallen by 28% since the beginning of the year.
15:30 This is the main reason, as you mentioned, that the desire to buy friendly cars for the environment has returned significantly,
15:38 not as the world imagined, in addition to the great competition from this sector in China.
15:45 Specifically, Chinese cars do not complain about anything.
15:48 There are no disadvantages less than Tesla, but everyone always prefers the foreign car.
15:53 Tesla benefited from the decision of the Chinese government in the past that it does not impose any taxes on it when entering the Chinese market.
16:00 Therefore, when China began to impose taxes on it in 2023, the company reduced the price of the car by $10,000 on each 3-seater vehicle.
16:12 However, it seems that it did not reach what it achieved as production figures as a Chinese company, which is BYD.
16:21 Therefore, J.P. Morgan said that Tesla's idea of reducing the prices of cars is not a complete success, but will lead to a large profit.
16:31 Yes, this is for those who want to buy this type of car.
16:35 We will now stop the details of our viewers to go to the newsroom and prepare the colleagues for the program "The compass" and the morning session and its most prominent headlines.
16:45 (Music)
16:59 (Music)
17:19 (Music)
17:21 Good morning, Salah and Rula.
17:26 There are many news today.
17:28 Saudi Minister of Energy revealed a significant increase in the gas reserves in the Jafra region.
17:35 We will try to read this news from many angles.
17:38 In Egypt, the biggest deal of wisdom in the history of Egypt is $35 billion.
17:45 The question is how these liquidity will be distributed as a result of this deal in the economy of Egypt.
17:51 It is also one of the issues.
17:54 Is Cairo expecting more of the huge deals?
17:57 In Egypt today, we are also talking about the implications of the Russian-Ukrainian war.
18:01 You know that it will enter its third year.
18:04 How did the foreign investment map change in the Gulf?
18:08 Western sanctions are increasing in Moscow.
18:11 Britain also demands the export of Russian assets.
18:15 America is worried about the money flow to Moscow.
18:18 We will also discuss Morocco in this round.
18:22 Between the return to inflation and the requirements of international criticism.
18:26 The status of the targets is clear.
18:28 The Crisis Fund has many observations, conditions and directions.
18:32 How will the economy run in the midst of these demands?
18:36 We will discuss this in this round, as well as our coverage of the markets.
18:41 Thank you very much, Lakin.
18:43 We will be with you on the opening numbers.
18:47 When we talk about the assets of the economic man, Warren Buffett.
18:54 We must refer to the shares of Berkshire, which recorded profits for the sixth week on the balance sheet.
19:00 Salah will tell us about the performance of the shares.
19:03 The results of the estimated earnings from the insurance sector went up in value weekly and monthly.
19:13 Berkshire is the share that ended last week's earnings by 3%.
19:20 It was also high from the beginning of 2024 to the end of last week by 16%.
19:27 The reason for these increases is the company's announcement of its operating profits.
19:33 It jumped by 28% to 6.6 billion dollars.
19:40 This is a great gain from the insurance sector.
19:45 The company also announced that its cash flows exceeded 167 billion dollars.
19:52 It is the highest level of its at all.
19:55 [Music]
20:04 Many headlines are bearing the agenda of our guests today.
20:11 Especially in the orders before the opening of the first round of sessions this week.
20:16 We will move to the preparations for the Qatari market, which may be the first group to enter the markets.
20:25 Or it may be the only one in the news today related to performance.
20:30 Good morning, Mr. Moammar.
20:32 What does the Qatari stock market have to offer us today in its trading?
20:39 Since the beginning of this year, the Qatari stock market has been 5% in the return area.
20:47 Last Thursday's session, we saw a profit-making process.
20:50 The general trend is a decrease in the size and value of the exchange rates compared to previous periods.
20:56 The last exchange rate was in February, when the index was fluctuating.
21:01 It did not go higher than 10,300 points.
21:05 Therefore, we will continue the results of the work of companies, whether today or at the end of this week.
21:12 In addition to the rotation of the general trend and what is happening in reality,
21:18 from a direct and indirect effect on the trading activity in general.
21:23 Of course, today we have three companies, I will explain their financial statements.
21:27 Two companies are in the food sector, mainly the food company Widam.
21:33 Our food company, as well as the general insurance company.
21:38 Tomorrow, we have general companies, mainly the rental company.
21:43 Also, what is left of the Egyptian sector in the overall environment.
21:47 Today, there is very important news that the markets are waiting for, not only in Qatar, but around the world.
21:52 Today, Qatar has a press conference in its Belham district to announce one of its projects.
21:59 This is a major event, which is why the invitation has come.
22:03 The press conference will be held at 10 o'clock in the honored Mecca.
22:09 According to our sources, this is related to the industry sector.
22:14 But how will it affect the industry sector in the Qatari exchange?
22:19 This is what we will follow today.
22:21 Why? Because Qatar Energy is represented by all the industry sector companies in Qatar.
22:26 Including Qatar Industries, the companies that are affiliated with Qafqa, Qafqa, Qatar Steel and Qafag.
22:32 In addition to the company of QCM1, QCM2, Qatar Phenyl.
22:38 Therefore, these companies may benefit from what the Minister of State for Energy, Saad Shreidh Al-Kabi, will announce today.
22:46 Therefore, this is the biggest event that the markets are waiting for today in Qatar.
22:51 Since Thursday, when the invitations were sent to the media, they were moved to the press conference.
22:57 Therefore, there are those who are waiting for this announcement at 10 o'clock in the morning.
23:02 We will be in detail with you, Muammar, from there and also in a live broadcast of the conference.
23:07 Thank you very much. You were with us from the Qatar Stock Exchange.
23:10 We now move to CNBC Arabic's social media platforms.
23:15 What do we have to follow? It is different from what we show on the screen.
23:18 We start with our platform on Instagram.
23:21 Where does the individual get the highest percentage of the total state's income?
23:25 Of course, Qatar is included in this list.
23:29 Of course, the Qatar citizen has for years maintained the title of the highest average income in the world.
23:38 We also have the number of European countries, especially Norway, Luxembourg, Ireland, a group of countries.
23:44 Singapore as well.
23:48 Even the United States may not agree with everyone, especially with the reduction of wages and jobs,
23:53 that they get enough because there is a very large percentage of the homeless.
23:56 They say that the homeless are their choice, but they reach a stage where they cannot pay their bills.
24:02 Of course, Qatar was more than $100,000.
24:08 What about our other news and our platforms?
24:12 This time we go to the website.
24:14 Seven side activities that you can do from home to diversify your income sources.
24:19 Yes, you can visit our website to find out about this type of activity.
24:23 It may be useful for you if you find that you have the skills, time and all the tools you need at home.
24:31 We now move to what we can save on our air travels by not choosing the way you choose the trip.
24:38 If the travel is of course at an economic level or even in economic lines, but there are some tips as well.
24:45 On the condition that you do not ask for a certain type of food or a certain type of service, especially on short trips.
24:52 That's true, but is that really what saves you money?
24:57 Or is it your choice to choose the day of the trip and the number of hours between going and returning?
25:03 You can find the details on our website.
25:06 We have reached the end of the program before the bell rings.
25:09 We will continue to talk about the Arab markets.
25:13 In addition to covering the events in the region.
25:16 Stay with us.
25:17 Goodbye.