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00:00 We will hear from Mr. Wael Mahdi, the Director of the State for the Securing of Financial Papers.
00:06 Wael, may God bless your time.
00:08 Welcome.
00:09 Let me start with what we have seen in the UAE markets.
00:13 The green zone has turned into some gains in the last session, but the liquidity remains limited.
00:20 Despite what we have seen in other markets, there are increases in liquidity, with some optimism in reducing interest rates.
00:26 Let's see the liquidity in the UAE markets.
00:30 Today's session is a quiet session for both markets.
00:35 What we consider the real goal today is to overcome the Dubai market's benchmark of 4000 support from the UAE,
00:44 and from the UAE's share of the Kuwaiti stock market.
00:46 The Israeli share of Dubai also increased with them.
00:50 This is the trend of the markets today, and although the trends have not yet reached the acceptable levels,
00:57 I think there is still some caution on both markets, the capital market or the Dubai market, by some investors.
01:05 Also, the start of the book on Dubai's stock market today may draw the attention of investors and the liquidity that is pumped into the markets.
01:18 If we talk about the Dubai Taxi's performance in light of the current conditions that investors see,
01:27 do you think that this performance or the proposed for the Dubai Taxi, starting tomorrow and the proposal on December 7,
01:34 do you think that the market conditions are suitable for the Dubai Taxi's proposal?
01:38 I think that the direction of the Dubai government since the beginning of the year to take part of the government companies,
01:48 starting with Deewa, Empower, Tecom, and ending with Salek and now ending with Taxi Dubai,
01:56 the direction of the Dubai government to increase the market's depth and diversify the investments in the market,
02:01 regardless of the timing, we are now about five months from the last approval.
02:08 It was natural that in the last quarter, one of the government companies was approved,
02:14 the approved approval in the market after these approvals, which I think until now all the approvals that the Dubai government has made in the Dubai market,
02:23 gave more diversity to investors and more depth to the markets.
02:28 And also all these companies have distributed profits.
02:31 So regardless of the timing now and what we see after the calm in the markets,
02:38 of course, due to the geopolitical circumstances in the region,
02:42 but our financial markets have recovered after the last week and the week before,
02:49 and we expect that the last week before the last week may bring good results in the next period,
02:59 especially that the last approval for Investcorp was successful in the capital market.
03:04 We go to the capital market Abu Dhabi, and we are talking about the reduction of subsidies in medium-sized companies in the Futsi review.
03:15 To what extent do you think this reduction will attract foreign liquidity to the subsidies?
03:21 The share today performed positively, more than 2% of the profits on the share in the first round of the review after the review.
03:30 One of the best and most successful reductions that have been made in the capital market in the past two years is the total subsidy group.
03:38 All the companies now achieve profits compared to the prices of the revenue.
03:43 There are regular distribution by these companies.
03:46 There is a reduction in the entry of Futsi or Morgan Stanley indicators to all the groups,
03:54 and finally, a reduction in the subsidy at the end of November.
04:03 I think that foreign investment is clear in these companies.
04:07 The Futsi review is a good example of a reduction in the subsidies.
04:13 It is a good example of a reduction in the subsidies.
04:16 It is a good example of a reduction in the subsidies.
04:19 It is a good example of a reduction in the subsidies.
04:22 It is a good example of a reduction in the subsidies.
04:25 It is a good example of a reduction in the subsidies.
04:28 It is a good example of a reduction in the subsidies.
04:31 It is a good example of a reduction in the subsidies.
04:37 It is a good example of a reduction in the subsidies.
04:40 It is a good example of a reduction in the subsidies.
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05:04 It is a good example of a reduction in the subsidies.
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05:34 It is a good example of a reduction in the subsidies.
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05:55 It is a good example of a reduction in the subsidies.
05:58 It is a good example of a reduction in the subsidies.
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06:49 It is a good example of a reduction in the subsidies.
06:52 It is a good example of a reduction in the subsidies.
06:55 It is a good example of a reduction in the subsidies.
06:58 It is a good example of a reduction in the subsidies.
07:01 It is a good example of a reduction in the subsidies.