الأمين العام لاتحاد البورصات العربية لـ CNBC عربية: كل عام نشهد تحديات مختلفة ولكن 2023 كانت الأكثر من حيث العدد والملفات

CNBCArabia

Watch الأمين العام لاتحاد البورصات العربية لـ CNBC عربية: كل عام نشهد تحديات مختلفة ولكن 2023 كانت الأكثر من حيث العدد والملفات - CNBCArabia on Dailymotion

Transcript

00:00 "This conference is perhaps the biggest one in the past few years.

00:07 We thank Qatar's bursa for its generous hospitality.

00:10 We thank the Prime Minister's family for their generous care for the conference.

00:14 We will cover more than just the conference.

00:17 We will cover sustainability, investment relations, digitalization,

00:21 and the rise of precious metals.

00:31 We will also sign a memorandum of understanding with the African Union for the stock market,

00:37 the Stock Exchange and the Stock Exchange for commodities.

00:40 We have a comprehensive program to develop the financial system in the region.

00:46 We will also sign four Arabian exchanges on the zero-sum agreement.

00:52 This will be the first time that this agreement will be signed outside the regular climate conferences.

00:57 God willing, our conference will witness this."

01:00 "We will stop at the last point, which is the signing of zero-sum agreements.

01:04 This is in the context of sustainability.

01:06 Anyone who sees that some Arabian capital markets are still in the early stages,

01:14 or have priorities in the issue of the recession?"

01:18 "The recession is a big issue.

01:22 No one can say that he knows more than the others.

01:27 This is a matter of priorities for a number of initiatives.

01:30 Our role as an association is to put this matter at the top of the Arabian exchanges priorities.

01:35 With the start of this year, the board of directors issued this initiative.

01:40 We have already put together four Arabian exchanges.

01:44 It is important to say that, like anything else in the financial market,

01:49 there is a learning curve.

01:51 Our exchanges must learn, understand, read, and we help.

01:55 The most important thing in signing an agreement is that the exchange is leading by example.

02:03 We have more than 1,100 or 1,200 companies in our Arabian markets.

02:09 If every market enters and leads by example,

02:12 you will find many companies in many sectors that follow, respond, and understand.

02:16 This is the importance of signing an agreement.

02:19 Signing an agreement is not the most important thing,

02:22 but what is important is that after signing the agreement,

02:25 every market leads by example to the companies involved."

02:28 "Rami, how far do you think we are from the Arabian General Indicator?"

02:32 "I swear it is there.

02:34 As an association, we have two indicators.

02:36 As an association, we have the first low carbon index.

02:42 We have issued it in the year 2020 or 2021.

02:45 We have 40 Arabian companies from 8 or 9 markets.

02:48 We study the source of the indicators."

02:53 "I am talking about price and weight indicators."

02:56 "It is not a price and weight indicator.

02:58 It is a 40-company index.

03:00 If you look at its performance, it is better than many other indicators.

03:04 There are Arabian indicators, and we are doing this.

03:07 If you remember, when I was the president of the Egyptian stock market,

03:12 I always said that I don't want to issue an indicator because I have an indicator.

03:15 I have to issue an indicator to issue a product.

03:18 As long as I don't find the right product for the indicator,

03:22 I will always have a problem in implementing this indicator."

03:26 "Today, do you think this conference is under pressure?

03:29 High interest rates, complicated geopolitical situations,

03:33 and the lack of security and stability challenges.

03:36 How are you dealing with these challenges?"

03:40 "I was writing my words for this conference this morning.

03:44 I was hoping that this would be the last year where there would be challenges.

03:48 Every year, there are challenges, but in 2023, there were many challenges.

03:52 There are many challenges in many areas.

03:55 What we are trying to do is, as you can see,

03:59 to have a regional conference that brings together the leaders of the stock market,

04:05 the telecommunications centers, the tech companies, and the medium-sized companies.

04:11 We are trying to solve all the problems.

04:14 There are many problems.

04:17 The liquidity is still the biggest challenge for everyone.

04:21 We are working on a part of our discussion today

04:24 on how we can improve liquidity, increase production,

04:29 and strengthen the role of individual investors in the Arab region.

04:34 We are also exchanging experiences.

04:37 For example, in the Egyptian market,

04:40 there are many strong individuals.

04:43 We are sharing experiences and working together.

04:46 We are working together to see what happens.

04:49 As a market, you are an enabler.

04:51 What the f--

04:52 [NON-ENGLISH SPEECH]

Category

Transcript

Recommended