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00:00May God bless you all, our viewers and welcome to Egypt, the market for this session, we
00:20are standing on the Emirati signals closures for today's session, and we have seen the
00:26movements that have been going on for a long time, and they have been stable, and they
00:31are still maintaining the levels that we have closed yesterday's session, and we have
00:36seen how the Emirati signals closed in the first session of this week, today the Dubai
00:42signal remains at 4100 points, as well as for the Futsi Abu Dhabi signal, it maintains
00:48a level of 9000 points for these movements, and at the end of the session we will finish
00:54this session, and we will continue to monitor the results of the companies' work for the
00:59first quarter of this year, we will discuss these closures with you, but before that,
01:04we will start with the most prominent headlines.
01:09The CEO of the company Emirates BD Capital reveals to the Arabian CNBC that he is working
01:14to prepare a number of companies to be listed during the current year.
01:19The vice president of the board of directors of the CEO of Emirates BD Capital says that
01:24he is working to prepare a number of companies to be listed during the current year.
01:29The vice president of the board of directors of the CEO of Emirates BD Capital says that
01:35The vice president of the board of directors of the CEO of Emirates BD Capital says that
01:40The project of the South Gardens has raised the value of the real estate portfolio to 47
01:45billion Riyals, and the second phase will support our wishes and profits.
01:53The UAE holds profits of 8 billion Dirhams in the first quarter of this year, and
02:005 billion Dirhams in the second quarter of this year.
02:07The share of Americans in restaurants in the Abu Dhabi market reached its lowest level
02:12in three months after the announcement of a 52% recovery in the first quarter of this year.
02:30The Dubai Financial Markets Index is still maintaining the levels of 4,200 points
02:36that it had during the last session, and we are still moving at these levels.
02:41In these horizontal movements that we have seen today, the point that we started with
02:48at the beginning of our session was at the level of 4,170 points.
02:53The index is trying to test and break the 4,200-point barrier again to return to the
02:59targets and levels that were at 4,300 and 4,000 that it recorded during the last period.
03:05But we have seen some revisions to it.
03:09During this period, it is trying to maintain a horizontal movement, as we have seen
03:15with regards to movements at the level of the Dubai Financial Markets Index.
03:20We are still monitoring some movements that are coming in conjunction with the
03:25announcement of the results of the business for the first quarter of this year.
03:29We are talking about the investment that is being issued today with 3% of the profits
03:35in the movements.
03:36The Real Estate Union is also a share that still supports the index at some
03:41levels of 0.5%.
03:42We have seen the Real Estate Union, and we have talked a lot about it regarding this
03:46share.
03:47It is a share that has been issued for a long period of time, or at least during the
03:52last few months since the beginning of 2024.
03:55We have seen how the share has reacted, and it has re-focused by investors on the
04:00Real Estate Union.
04:01Now, we are monitoring the results of the real estate sector by investors, who are
04:06monitoring it in many countries.
04:08We have also seen competitive movements now, and re-focusing on these shares, especially
04:13the real estate sector.
04:14Here, we are talking about the real estate sector.
04:17Today, the share is breaking and exceeding the levels of 8, although it is stabilizing
04:21at these levels again, due to these increases that we are witnessing, and it is also monitoring
04:26the results of the company's business.
04:28In contrast to Empower, this is a share that is 1.25%, and it is in conjunction with
04:34a decrease in the company's profits for the first quarter by about 2% compared to the
04:40first quarter.
04:41Today, we have this as one of the most profitable shares, because it is safe to cool the
04:47investment, and it is manufacturing, in addition to holding securities.
04:51In contrast, there are some revisions.
04:53Some of the shares in Aslam Sudan are currently revising at 1.14%, and Empower is also revising
05:00and holding securities at 18%.
05:02We move on to Abu Dhabi, and we will discuss the current movements.
05:07We move on to Abu Dhabi, and we will discuss the current movements.
05:10We move on to Abu Dhabi, and we will discuss the current movements.
05:13We move on to Abu Dhabi, and we will discuss the current movements.
05:16We move on to Abu Dhabi, and we will discuss the current movements.
05:19We move on to Abu Dhabi, and we will discuss the current movements.
05:22We move on to Abu Dhabi, and we will discuss the current movements.
05:25We move on to Abu Dhabi, and we will discuss the current movements.
05:28We move on to Abu Dhabi, and we will discuss the current movements.
05:31We move on to Abu Dhabi, and we will discuss the current movements.
05:34We move on to Abu Dhabi, and we will discuss the current movements.
05:37We move on to Abu Dhabi, and we will discuss the current movements.
05:40We move on to Abu Dhabi, and we will discuss the current movements.
05:43We move on to Abu Dhabi, and we will discuss the current movements.
05:46We move on to Abu Dhabi, and we will discuss the current movements.
05:49We move on to Abu Dhabi, and we will discuss the current movements.
05:52We move on to Abu Dhabi, and we will discuss the current movements.
05:55We move on to Abu Dhabi, and we will discuss the current movements.
05:58We move on to Abu Dhabi, and we will discuss the current movements.
06:01We move on to Abu Dhabi, and we will discuss the current movements.
06:04We move on to Abu Dhabi, and we will discuss the current movements.
06:07We move on to Abu Dhabi, and we will discuss the current movements.
06:10We move on to Abu Dhabi, and we will discuss the current movements.
06:13We move on to Abu Dhabi, and we will discuss the current movements.
06:16We move on to Abu Dhabi, and we will discuss the current movements.
06:19We move on to Abu Dhabi, and we will discuss the current movements.
06:22We move on to Abu Dhabi, and we will discuss the current movements.
06:25We move on to Abu Dhabi, and we will discuss the current movements.
06:28We move on to Abu Dhabi, and we will discuss the current movements.
06:31We move on to Abu Dhabi, and we will discuss the current movements.
06:34We move on to Abu Dhabi, and we will discuss the current movements.
06:37We move on to Abu Dhabi, and we will discuss the current movements.
06:40We move on to Abu Dhabi, and we will discuss the current movements.
06:43We move on to Abu Dhabi, and we will discuss the current movements.
06:46We move on to Abu Dhabi, and we will discuss the current movements.
06:49We move on to Abu Dhabi, and we will discuss the current movements.
06:52We move on to Abu Dhabi, and we will discuss the current movements.
06:55We move on to Abu Dhabi, and we will discuss the current movements.
07:16We will discuss the current movements.
07:25at the end of the first quarter of this year,
07:27with a profit of 167,300,000 dirhams
07:31achieved during the same period of 2023.
07:35The main reason for the decrease in profits
07:37during the first quarter is a clear increase
07:39in financing costs by 42%
07:43to reach 47,600,000 dirhams
07:47compared to 33,500,000 dirhams
07:50during the first quarter of 2023.
07:53Today, Empower reacts clearly to these results
07:57and returns to the first quarter of the 100th point
08:01and remains at the end of the session
08:03with a profit of 57,000,000 dirhams.
08:05To the GFH group this time,
08:07which announced its ongoing talks
08:10with the holding investment company
08:12in order to acquire the capital
08:15for financing and investment.
08:17The company indicated in a statement
08:19published by the Dubai e-market website
08:21that it continues to put the last touches
08:23on the framework of the deal
08:25and the agreement on it.
08:27It also added that the investment
08:29is in line with an unusual general contract
08:31to obtain the consent of the contributors.
08:33According to the news agency,
08:35it is also expected that the deal
08:37will have a positive effect
08:39and an impact on its financial statements
08:41as it will increase from the group's revenues.
08:45How did the GFH move today
08:47in all the markets in which it is listed?
08:49As we have seen,
08:51the GFH move was based on the Dubai e-market
08:53which preferred stability
08:55with the 1.4 dirhams.
08:57However, in Abu Dhabi,
08:59the move was based on the 2.1 dirhams.
09:01There were also moves in the Kuwait Stock Exchange
09:03and the Bahrain Stock Exchange
09:05at the end of today's session.
09:07We move this time to Qatar
09:09where the United Nations announced
09:11the development of the conditions
09:13to sell 40% of its share
09:15in the Qatari company
09:17to cool Qatari areas.
09:19The company made it clear
09:21that the Qatari investment
09:23was introduced in December
09:25of the previous year
09:27to buy 40% of Qatari shares
09:29worth 800 million riyals.
09:31This is the net profit
09:33of the United Nations
09:35in the first quarter
09:37of the current year
09:39of about 18%.
09:41The profit reached about 72 million riyals
09:43due to the reduction
09:45of wills
09:47and the increase of funding costs.
09:49Today, we saw some positive moves
09:51on the United Nations
09:53for development
09:55of about 4%
09:57to exceed the levels of riyals
09:59and 10 dirhams.
10:01This is the addition
10:03that we saw today
10:05and the increase of about
10:07more than 4 dirhams
10:09in addition to the United Nations
10:11for development
10:13at the end of the session.
10:25We will talk more about the closure
10:27of the UAE signposts with our guest
10:29Mr. Wael Mahdi, the managing director
10:31of the financial securities company.
10:33Welcome, Mr. Wael.
10:35Welcome.
10:37Let's start by talking about
10:39the time it took
10:41for the UAE to close
10:43the UAE signposts.
10:45We saw some positive moves
10:47and of course,
10:49it did not decline
10:51in the first quarter of this year.
10:53In general,
10:55Mr. Mahdi,
10:57how does the market
10:59respond
11:01to the UAE signposts
11:03that we still see
11:05in the UAE markets?
11:07Some companies
11:09announced a slight decline
11:11in the first quarter
11:13and this was expected
11:15for some companies
11:17in view of the positive results
11:19in 2023.
11:21In 2023, there were positive results
11:23for most companies
11:25greater than expected.
11:27So, although there were
11:29limited declines
11:31for some companies,
11:33about 5% of them announced
11:35power in their results.
11:37Some companies,
11:39especially the real estate sector,
11:41announced a 80% increase
11:43in their profits.
11:45The share price
11:47reached about $6.95
11:49and is still maintaining
11:51good performance
11:53and the size of the countries
11:55is high compared to
11:57the rest of the shares in the sector.
11:59So, the financial results
12:01of the companies that announced
12:03positive results in the first quarter
12:05are clear.
12:07There is also an interaction
12:09between the development
12:11and construction shares
12:13after the digital distribution
12:15and now we see construction
12:17touching the $8 level again.
12:19Construction for development
12:21is 28 after distribution.
12:23These are very positive and
12:25positive distributions
12:27and are the best distributions
12:29in the history of construction
12:31at least.
12:33We are still waiting
12:35for the financial results
12:37of the real estate sector
12:39and the banks that announced
12:41positive results.
12:43Today, the real estate market
12:45indicator reacted
12:47as I mentioned
12:49and reached 9,100.
12:51It was in line with the
12:53rise of international shares
12:55during the session
12:57and reached 405.
12:59The company announced
13:01positive results
13:03in the first quarter
13:05and its intention
13:07to buy again.
13:09This is the interaction
13:11between the investors.
13:13Today, there was a very active
13:15movement on the first
13:17Abu Dhabi bank
13:19and reached 1240.
13:21I think there is a recovery
13:23in some things.
13:25Also, the Islamic Abu Dhabi
13:27bank at 1196.
13:29There is a clear need
13:31to build financial centers
13:33for preparation
13:35for a new stage
13:37after the global movement
13:39witnessed by the markets
13:41in the past period.
13:43So, there is a need
13:45to build a new stage.
13:47You mentioned
13:49the expected stage.
13:51When we finish the business
13:53results, we will also
13:55monitor the new proposals.
13:57We have some forecasts
13:59indicating that we may see
14:01more proposals for the Emirates markets.
14:03How far will this go?
14:05Or will the investors
14:07anticipate it
14:09as a new investment tool?
14:11As we always say,
14:13maybe today, the diversification
14:15in new sectors,
14:17such as Spinnis,
14:19and other companies
14:21that may enter the market today.
14:23How far will the diversification
14:25go?
14:27You mentioned
14:29a very important point
14:31that investors have understood
14:33in the past period.
14:35The diversification
14:37in companies
14:39and the choices
14:41that are suitable
14:43to diversify
14:45and increase
14:47the market depth.
14:49All the companies
14:51that were diversified
14:53are expected to be diversified.
14:55There is a list
14:57of companies that were diversified.
14:59I think Spinnis will be
15:01diversified by the end of the week
15:03or the next week.
15:05This diversification
15:07and the differences in sectors
15:09will increase the market depth
15:11and give investors
15:13the opportunity to invest
15:15in different sectors,
15:17whether they are government
15:19or service sectors.
15:21The diversification
15:23will be very useful
15:25for the market movement
15:27in the coming period.
15:29If investors are still
15:31interested in leading companies
15:33due to their compatibility
15:35with the indicators,
15:37which I think
15:39have reached good levels
15:41of support
15:43for both indicators.
15:45I think the start
15:47will be soon
15:49with the calm
15:51of the geopolitical situation.
15:53This will help a lot
15:55in the return of activity
15:57and liquidity to the markets.
15:59Thank you, Mr. Wael Mahdi.
16:01You are the managing director
16:03of the financial securities company.
16:05Thank you.
16:07Until now,
16:09these were the statements
16:11for CNBC Arabia
16:13by the president of the Arab Air Group.
16:15Adel Ali said
16:17that the company started
16:19its first flights
16:21from Shadid airport in Rabat
16:23to Brussels.
16:25The fuel cost
16:27ranges from 25%
16:29to 35%.
16:31I think
16:33the Arab Air Group
16:35and other companies
16:37are all ready.
16:39But we must admit
16:41that there is a challenge
16:43today, not only in the region
16:45but also internationally.
16:47The companies that manufacture
16:49planes, engines
16:51and other logistical services
16:53that are manufactured
16:55in the aircraft industry
16:57have suffered a great loss
16:59since COVID-19.
17:01They have not fully recovered
17:03their strength.
17:05These things
17:07are starting to expand.
17:09But the demand
17:11for travel
17:13after COVID-19
17:15is expected to increase
17:17by 10%.
17:19This year,
17:21in 2024,
17:23we expect to increase
17:25the number of planes by 12.
17:27Yesterday,
17:29we started our first flights
17:31from the new airport
17:33in the Arab Air Group in Morocco
17:35from Rabat to Brussels.
17:37In the previous interview
17:39with us, you mentioned
17:41three flights to Morocco.
17:43That's right.
17:45We started with two
17:47and the third will arrive.
17:49Here, as usual,
17:51between the main airport
17:53in Sharjah and Ras al-Khaimah,
17:55we will start a new tour
17:57with the increase of tourism
17:59and demand for tourism
18:01in the Emirate of Ras al-Khaimah.
18:03Our focus will be on the tourism market
18:05of Ras al-Khaimah.
18:07How much fuel
18:09will be needed
18:11compared to international companies?
18:13Fuel
18:15is a commodity
18:17that must be adapted
18:19to its increase and decrease.
18:21It can reach
18:2325% to 35%
18:25approximately.
18:27For this reason,
18:29all companies
18:31must have
18:33oil reserves
18:35in place.
18:39The market trend continues
18:41with geopolitical tensions
18:43breaking down.
18:45The American company
18:47has 52%
18:49in the first quarter of this year.
19:09The American company
19:11has 52%
19:13in the first quarter
19:15of this year.
19:29The net profit of the American company
19:31for restaurants in Saudi Arabia
19:33and Abu Dhabi
19:35is 52%
19:37annually
19:39to reach $28 million
19:41in the first quarter of the month.
19:43The company stated
19:45that its business in the first quarter
19:47was affected by geopolitical tensions
19:49in the Middle East
19:51in addition to the seasonal
19:53effect of Ramadan on sales.
19:55The company stated
19:57that its revenues
19:59declined in the first quarter of
20:012024
20:03by 16.3%
20:05to $493 million
20:07in return for
20:09$589 million
20:11annually.
20:13Today, the American share
20:15of restaurants in Abu Dhabi
20:17declined by
20:19more than
20:2113.1%,
20:23which is about
20:2512%
20:27compared to
20:29the Abu Dhabi market.
20:31The annual movements
20:33of restaurants in Abu Dhabi
20:35declined by more than
20:3715%.
21:03In the last two years,
21:05the capital market
21:07has evolved
21:09very strongly.
21:11We have seen
21:13a lot of landmark
21:15IPOs
21:17in the last
21:19two years.
21:21We have seen
21:23a lot of landmark
21:25IPOs in the last
21:27two years.
21:29We have seen
21:31a lot of landmark
21:33IPOs that have
21:35listed and have performed really well.
21:37We're seeing
21:39that that's resulting in more
21:41issuers keen to
21:43come and list on regional
21:45exchanges.
21:47DFM continues to do really well
21:49and we're seeing a huge
21:51sector diversity away
21:53from historically real
21:55estate and financials and insurance
21:57companies to a
21:59very diversified
22:01sectors and I think that
22:03trend we expect to continue going forward.
22:05We're talking about
22:07opportunities in the financial markets
22:09in the region. How do you assess
22:11these opportunities and what are you doing
22:13at the moment?
22:14I think we want continuous diversity
22:16in terms of the industry that's coming.
22:18The other key
22:20differentiation that we're
22:22seeing is there were
22:24a lot of government-owned companies that
22:26listed. They had very steady
22:28and strong cash flows.
22:30They had the
22:32ability to pay very high dividend
22:34years.
22:36We're also seeing a lot of growth companies
22:38come to list and Spinneys is a good example.
22:40It's a private company
22:42with strong growth
22:44potential
22:46and I think that will also
22:48change the mix of companies we have
22:50listed on the exchange.
22:59And as a result,
23:01the UAE leader
23:03made a leap in
23:05profits during the first quarter
23:07of this year. We're talking about
23:09these figures that were recorded
23:11during the last period. We're talking about
23:13net profits during the first quarter
23:15and grew by more than 88%
23:17to almost double
23:19the profits
23:21that were recorded
23:23in the first quarter of the last year
23:25at 8 billion dirhams.
23:27As for revenues,
23:29they grew by 23%
23:31and on the other hand,
23:33the company's assets grew
23:35and exceeded
23:37338 billion dirhams
23:39during the first quarter.
23:41Here, we're comparing the first quarter
23:43of the current year with the first quarter
23:45of 2023.
23:47On the other hand, there was another
23:49trend for the global
23:51leading company that agreed
23:53on a program to rebuy
23:555 billion dirhams
23:57in a period of
23:59one year.
24:01According to the company,
24:03the goal is to rebuy the assets
24:05that were bought with the commitment
24:07of the trading partners.
24:09We're talking about the critical levels
24:11of the global leading company
24:13that exceeded 36%
24:15in growth and reached
24:17a critical level of more than
24:1937 billion dirhams
24:21during the first quarter
24:23of this year.
24:25We've seen this growth in terms of
24:27revenues and also
24:29revenues for the first quarter
24:31of this year for the UAE
24:33global leading company.
24:45To Qatar this time,
24:47if the vice president pointed out,
24:49the UAE leading company will be
24:51falling.
24:53What is your opinion about
24:55these statements of
24:57the Arabian CNBC about
24:59the statements of the Qatari
25:01Prime Minister Izzan al-Qabda,
25:03that the Deq al-Janoub project
25:05raised the value of the property
25:07of the company to about 47 billion
25:09dirhams?
25:11In general, this stage
25:13was last.
25:15It was about two months
25:17ago when we launched
25:19in the first phase, and the market was very positive about it.
25:24This gives you a sign that the market is still waiting for a certain type of real estate
25:29that is suitable for the different classes of society.
25:34Indeed, because we saw that the first proposal from Phase 1 or the first phase of the project
25:41was received positively, I think this is a good sign that we are proposing the second phase.
25:47But I would like to reiterate that there is an oversupply in the market.
25:53I think that the current proposal is in line with the logical growth that is taking place in the market.
26:00Therefore, we will continue, according to the need of the market, to propose housing units
26:06as long as there is good demand from the tenants and the companies to accommodate their employees.
26:14And thank God, we expect that in the future there will be a logical and positive growth in the medium and long term.
26:26With this, our viewers, we come to the end of this segment.
26:29You can watch the rest of the program on the ArabNBC channel.
26:33Until next time, goodbye.
26:44ArabNBC