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00:00 "We see that Egypt should play a major role in the gold market.
00:07 Egypt has a lot of resources, it has gold production, it has financial instruments.
00:15 If we can, through cooperation between the Egyptian government, the private sector and the International Gold Council,
00:24 we can also integrate this market into the global market, I think this will give Egypt a great opportunity
00:32 to attract foreign investments.
00:35 At the same time, there will be opportunities to export different financial instruments
00:41 that will benefit the Egyptian economy and depend on gold."
00:45 "Regarding financial instruments, to what extent do you think your gold investment boxes have succeeded
00:50 as a tool to avoid the risks of inflation and the price fluctuations in Egypt?"
00:56 "We were able to create the first box, which was the Azmut box, with Evolve Azmut.
01:03 In fact, it was very well received.
01:06 We were able to attract more than 100,000 investors.
01:11 No one expected this number.
01:14 The box currently holds 215 kilos.
01:22 All of the investors are small, and there are at least 30,000 to 40,000 new investors from the market."
01:34 "How much did your investments amount to?"
01:37 "More than 700 million pounds, which is an unprecedented number."
01:50 "Did you have any intention to launch more investment boxes in gold?"
01:55 "We announced with one of the private banks that we are still working on the documents.
02:04 The Commission is waiting for the final approval from the Financial Supervision Commission.
02:11 These are just the beginning of the financial instruments that we can develop."
02:15 - Awkward.