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00:00Good morning.
00:01We are standing in front of the Arabic CNBC newsroom.
00:04We are going to talk about a lot of files and if we are going to be able to fly in the
00:09airspace and other issues related to the tourism sector and the new figures that Dubai can
00:14achieve in the first quarter of this year.
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05:50After recording losses for the second week in a row,
05:53it is back today to hold at 105 levels,
05:56with a slight rise of less than 10 points,
05:59but it seems that there is a selling pressure on the euro.
06:02The Australian dollar is the latest today,
06:05with an increase in interest rates for the Australian central bank
06:08at 4.35%.
06:11This increase comes for the fourth meeting in a row,
06:14and also expectations regarding inflation,
06:17which also recorded 3.6% in the first quarter of this year.
06:20which also recorded 3.6% in the first quarter of this year.
06:23But in total, in 2024, the Australian central bank
06:26will record 3.8% in this year.
06:29will record 3.8% in this year.
06:32We will also stop the analysis of the Australian decision.
06:35We will also return to the movements in the Asian region.
06:38We will also return to the movements in the Asian region.
06:41We noticed a kind of contrast on the Asian indicators.
06:44We noticed a kind of contrast on the Asian indicators.
07:14in April.
07:34Let's start from Dubai.
07:37According to the latest statistics
07:40about the economic and tourism sector in Dubai,
07:43the UAE received more than 5,150,000 tourists
07:46the UAE received more than 5,150,000 tourists
07:49in the first quarter of this year,
07:52with an increase of 11% compared to the previous period in 2023.
07:55with an increase of 11% compared to the previous period in 2023.
07:58with an increase of 11% compared to the previous period in 2023.
08:01Dubai is classified as one of the most touristic destinations.
08:04But the highlight in these numbers is that the hotel occupancy rate
08:07reached about 83%
08:10in the first three months of this year.
08:13in the first three months of this year.
08:16in a period of approximately 4,670,000 visitors during this period.
08:22Therefore, there was also the announcement of the Crown Prince of Dubai, Hamdan bin Mohammed,
08:26in a post on the X platform, in conjunction with the launch of the Arab Travel Market Expo 2024,
08:32that the unemployment rate, which Salah talked about, reached about 83% in the first three months of this year.
08:39But these numbers that have been recorded, today, the acceptance of Dubai in general
08:44is a kind of diversification that the tourist may find,
08:47and not only a kind of providing the tourist movement and all the requirements to attract tourists.
08:53Even when the activities were hosted in some countries,
08:57such as Qatar during the World Cup,
08:59there was also the hosting of tourists in Dubai,
09:03and then the entrance to Qatar to attend the games.
09:06We know about the one-day trip,
09:08but it is noteworthy in the statements of the Crown Prince of Dubai
09:12that he says that the UAE is working to make Dubai one of the best three tourist destinations in the world
09:19during the coming years.
09:21What might enhance these destinations is the announcement of the huge airport in the United Arab Emirates.
09:27And we know that Dubai has always been the capital of transit around the world,
09:31and it provides the experience of entry, tourism, and then going.
09:34Indeed, this announcement, which was made for the largest airport in the world,
09:38will also work to provide great support to the UAE economy,
09:42whether it is to run companies and support the private sector.
09:45In addition, the UAE's targets are to strengthen the non-oil sector,
09:51especially by relying on new sectors such as industry and tourism.
09:55Traveling to Dubai would be a five-star flight,
10:00but did you know or look at the subject of travel from among the ghost trips?
10:05Do you think there are ghosts on these flights?
10:10Of course not, but when a traveler arrives at the airport,
10:15he will be surprised to find that this trip was canceled in advance
10:18and was assigned to him by Qawsein by buying a ticket for a canceled flight.
10:23This recognition came from the Australian company Qantas,
10:29which will pay the company $66 million.
10:42Do you think this compensation is enough to cancel these flights and sell a fake ticket?
10:47Of course, even the numbers are not very large.
10:49We are talking about international flights, for example,
10:52only $298 for this trip, especially with short distances.
10:57This does not compensate for the shock when you get ready to travel and leave the country,
11:02then you are surprised that you bought a ticket for a trip that was canceled in advance.
11:07The executive director of this company,
11:10and we are talking about the reputation of the company,
11:14went to criticize the technology,
11:17that we did not open up much about the technology,
11:20and that the system had some errors.
11:22Perhaps this is not only about the company's reputation,
11:25but also about the lack of passengers in the airport on a non-existent trip.
11:29This may affect the credibility of these airlines,
11:32and may also affect their financial returns,
11:36and the return of passengers to book through these airlines.
11:40Especially with the increase in demand for tourism and travel,
11:43it seems that the company will not benefit much.
11:46So, let's move on to the flight sector,
11:49and this time for IATA's expectations.
11:52It is expected that this time,
11:54between this air travel sector in the international markets,
11:57for March 2024,
11:59the flight sector and travel will witness a large growth around the world.
12:04It seems that Salah today,
12:06if we were to talk during the past few days,
12:09about the situation of the flight sector,
12:11it was not limited to the movement of tourists,
12:13but also to rely on it in the movement of shipping,
12:16with the crises that we have seen,
12:18or maybe the summer season is what is relied on.
12:21And in Asia, if we were to talk during the golden year,
12:24and also the tourist season,
12:26it had a clear role in the increase in the movement of travel and tourism.
12:29Therefore, the talk is always to any extent.
12:32This sector is close to the levels before the corona crisis,
12:35but IATA says that after we approached these levels,
12:40crises came in the Middle East,
12:42which affected some data,
12:45especially that the Middle East
12:47witnessed a large increase in the number of tourists,
12:52as well as the demand for travel.
12:54Of course, the carrier factor for the month of March,
12:57apart from the issue of travel,
12:59what is known as shipping in general,
13:01is the other high,
13:03so we are relatively close to returning to the level before 2019.
13:06We were talking about the factor of shipping,
13:09and the increase in demand is due to the geopolitical tensions
13:13that we have seen recently,
13:15especially in the security crisis related to the Red Sea routes.
13:19There were special statements for the Arab CNBC,
13:22also by IATA,
13:24which said that the situation of the travel sector
13:26will be bad during the geopolitical tensions.
13:32Therefore, it is expected that in 2024,
13:35there may be a growth of 3.6% to 4% this year.
13:40In our other news, this time we move to Russia,
13:43where the Ministry of Finance showed that oil and gas sales
13:48for the Russian Federal Reserve
13:50declined by 6% in April last year,
13:53compared to the month of March,
13:56which reached about 2.23 trillion rubles.
14:02Despite these declines,
14:05Russia's oil demand has increased and increased.
14:09Despite the sanctions and the tightness,
14:11Russia's oil demand continues to decline.
14:14The fact that Russia did not set a specific price for these oils
14:18may lead to an increase in its oil demand.
14:22But if we talk this time about the jump in oil and gas demand,
14:26which represents a third of the total Russian balance sheet returns,
14:3090% of which were seen in April 2023.
14:34As a result, these returns rose,
14:36the mining extraction tax to more than a trillion rubles
14:40in April of about 995 billion rubles in March of this year.
14:46This time we move to the subject of coffee.
14:49Yesterday we were almost with a positive subject that serves this topic,
14:53but this time we are talking about the prices of coffee,
14:56especially Robusta, which has risen to its highest level
14:59for 45 years, according to the International Coffee Organization.
15:04I think no matter how high the prices of coffee are,
15:06I can't leave it.
15:08The demand is still strong.
15:10The main reason that pushes these prices up is the strength of demand,
15:14but there are also factors related to the climate
15:18that may affect the extraction of coffee in countries
15:21that specialize in the cultivation of this extraction.
15:24Therefore, this may also push the prices up.
15:27Yesterday we also talked about artificial intelligence
15:31and its dependence on our choice of new flavors for coffee.
15:35This sector, the coffee sector, is operated by a large number of workers
15:40and also the dependence of some countries on the will of coffee in agriculture.
15:45Of course, Taiwan remains the largest producer of coffee beans as raw material,
15:49and this country has been greatly affected by the effects of climate change,
15:53especially the issue of drought that has come to production.
15:57Of course, more than two billion cups of coffee are consumed daily
16:01around the world.
16:04The size of the coffee market has reached $138 billion
16:09in just one year.
16:13So, dear viewers, we will now take a short break
16:16and then we will return to the previous orders
16:18of trading in the Gulf markets in a little while.
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