Category
🗞
NewsTranscript
00:00Translated by Zainab salman
00:30Today we have 1% for Abu Dhabi market
00:38which is more than 9000 points
00:41and we are almost at more than 100 points
00:46and the Dubai market which was at 4200 points
00:54and we are almost at more than 100 points
01:00and we have seen a continuation of the companies
01:04which supported the market
01:09and we will talk about the closing of the session
01:12but before that we will talk about the most important news
01:25In the 8th session of May, Dubai market is in the 4th session
01:30with the support of the real estate and banks sectors
01:34and Abu Dhabi market is back to 9100 points
01:37supported by the leading companies
01:43The Kuwaiti financial center is making a profit in the first quarter
01:47by recording 2,800,000 dinars
01:51and increasing the fair value of the financial assets
01:57First of all, the CEO of Taxi Dubai
02:01indicates that the financing of the company's expansion
02:04in the coming period can be through a variety of tools
02:21We will close the session with details of the UAE's indicators
02:25We will start with the Dubai financial market
02:28which we have seen this upward trend throughout our session
02:33and we were trying to test 4200 points
02:36but today we have added these levels
02:39and the indicator has reached the end of the session
02:42from the point of 4200 points
02:48We have seen clear support from some of the leading markets
02:51mainly the real estate and banks sectors
02:54and this is what we are talking about today
02:57in the continuous upward trend
03:00We are actually watching the results of the companies' business
03:04and the real estate sector
03:06We are talking about 2% of profits today
03:09and we have also added 19% of the GDP
03:12We are trading at the level of 8 dinars
03:15and we have added the levels we have been seeing for a while
03:19and the real estate sector has touched it in the past period
03:22but we are talking about targets above 8 dinars again
03:26for the business leaders
03:28The real estate sector is still in this session
03:30and since the beginning of the week
03:32not only for this week but in general for a while
03:35the real estate sector is showing 16 points of profits today
03:40and the real estate sector is showing 5 or almost 4% of the profits
03:45and this is an investment under pressure
03:47and today Taxi Dubai is the share that is clearly reacting
03:50with the results of the positive company's business
03:53for the first quarter of this year
03:55and more than 2%
03:57and it is still above the levels of 2.27 dinars
04:00with the effect of these increases
04:02Until today we have seen the share
04:04in terms of activity value and also in terms of profits
04:06in addition to the values of the countries
04:08and it is still a strong share
04:10even in terms of the size of the trading
04:12on the Taxi Dubai share
04:14The biggest profit today
04:16from Nasib Salam, Sudan, Egypt, UAE, Taxi Dubai
04:18and construction
04:20is included in the list of course
04:22and this is a clear support for the construction
04:24that is coming to the financial market of Dubai
04:26Amman, UAE, Aramex, National International, GFA
04:29all of these shares are included in the most lost list
04:32What about Abu Dhabi today
04:34which is the other one
04:37We have seen some calmness
04:39in the last few sessions
04:41but today we have seen a huge number
04:43even in terms of the values of the countries
04:45Today for the second session
04:47we are still in a billion-dollar liquidity
04:49for the Abu Dhabi financial market
04:51more than 1%
04:53At the end of the closure
04:55we have actually seen this jump
04:57according to this statement
04:59which has risen from 9100 to 9177 points
05:04for the Abu Dhabi shareholder
05:06In terms of support today
05:08we have seen some shares
05:10as well as the continuation
05:12of the companies' business results
05:14which are announced in Abu Dhabi
05:16We have the investment margin
05:18of 2.5 points
05:20the gas transfer rate
05:22is 16 points
05:24and the gas tax
05:26turns into profits
05:28and reduces the returns
05:30despite the company's business results
05:32which is the reason why
05:34the company is active
05:36in Abu Dhabi
05:38This is a new trend
05:40for the market
05:42which is still under pressure
05:44Today, the phone lines
05:46were cut
05:48and the leader,
05:50End, who also supports
05:52the index,
05:54is also active
05:56in Abu Dhabi
05:58with 4.5%
06:00news
06:04The End
06:06of the End
06:08The end of the end
06:10Sam Danaghaz
06:12who rejects
06:14the end of the meeting
06:16and rises
06:18to 16 points
06:20despite the company's business results
06:22announced
06:24in the first quarter
06:26of this year
06:28in which the company registered profits during the past period,
06:32about 24%, but these profits after the tax dispute up to $38 million.
06:40In contrast, the company tax was registered at $4 million,
06:43so the profits before the tax dispute were about 24%.
06:48We also witnessed these revisions to the company's profits,
06:51and there were some details, as well as the latest developments
06:55by Dana Gas, which indicated that the main reasons
06:59that led to this revision, in terms of prices,
07:02were the first stage, as well as its actions in Egypt.
07:06This is regarding the movements of Dana Gas today,
07:09among the stocks that we monitored.
07:11Let's stay in the UAE, where it also revised
07:15the profits of a group of UAE steel companies in the first quarter,
07:20after the tax dispute, by 16%, to reach $128 million,
07:25which increased the company's profits gradually before the tax dispute,
07:28by 8%, to $140 million.
07:31In addition, the company's revenues decreased by about 11%.
07:36Today, the UAE steel company has made a strong move,
07:39thanks to the revisions at these levels, at $43 percent.
07:44Let's go to Taxi Dubai, where the company's profits grew
07:48in the first quarter after the tax dispute, by 15%,
07:51to reach $108 million, which increased the company's profits
07:55before the tax dispute, by 26%, to $119 million.
08:00As for Taxi Dubai, today we saw the share of activity
08:05and it remained with us at these levels,
08:08which were close to 3% of the share of Taxi Dubai.
08:12In contrast, the profits increased significantly in the first quarter,
08:16before the tax dispute, by about 34%, to $194 million.
08:21Also, the profits increased before the tax dispute, by 47%,
08:25to $213 million.
08:29Today, we added to the extension and services that were on some of the revisions
08:34at the level of the session, but the share returns to stability
08:37at $3.97.
08:40As for Kuwait, after we closed for this session,
08:45the profits of a set of domestic industries, which grew
08:49during the first quarter of this year, by 86%,
08:53to reach $29.5 million.
08:56The company turned to profits in relation to the growth
09:01achieved by industries during the first quarter,
09:04and the reaction was clear today, and this is the closure of the session
09:08today on the share of industries, close to 1% of the share.
09:12Also, in Kuwait, this time, the Kuwaiti financial center
09:17turned to profits in the first quarter, to $2.8 million,
09:23in exchange for a loss that it had incurred in the previous quarter of last year,
09:27and reached about $3 million.
09:30The company wanted to turn the profits to increase the fair value
09:33of financial assets at a fair value, through profits,
09:37as well as losses.
09:39However, despite this change, the share profit did not react
09:43with the company's news, with more than 2% of the pressure
09:48on the share of the center.
10:00We will talk more about the movements to close today's session
10:03in the UAE markets, with our guest, Mr. Wadah At-Taha,
10:06from the National Consulting Council of the CISI Institute in the UAE.
10:10Welcome, Mr. Wadah is always with us.
10:13Let's start by talking about the market movements,
10:16and specifically the closure of this session, which is positive,
10:21and we saw a jump, we are talking about 1% today,
10:23of the UAE index.
10:25Let's talk about these movements, how did you see today,
10:28and specifically, the continuation of the Dubai Financial Index,
10:31to re-test new levels, also for me, in Abu Dhabi.
10:36First of all, both markets, it is rare,
10:41that we did not see a shift in performance
10:45at a quarter-year or four-month level,
10:48as a result of the performance of the 20s,
10:50especially in the Dubai and Abu Dhabi markets,
10:52as a result, considering that both markets
10:57belong to the same entire economy of the UAE.
11:01Performance over the past four months,
11:05especially in the Abu Dhabi market, was about 5.3%,
11:09compared to about 2.4% in the Dubai market,
11:14which was higher.
11:16I think there were a number of operations,
11:18such as the Jalalabad operation,
11:20the results, in general, for both markets,
11:25to a large extent, are always positive.
11:28The Egyptian sector, it seems to me,
11:31was the most supportive in the transactions,
11:36and on this basis, in terms of
11:40supporting the indicators, in general.
11:46One of the very important points in the Dubai market,
11:49is that the most influential share,
11:51I think it is Omar's share,
11:54from the point of view of the banks,
11:57and the performance of the indicators,
11:59I think it gives a real push,
12:03especially with the size of the transactions,
12:05for the increases to be consistent
12:09when it comes to these shares.
12:13In general, I think in the coming period,
12:18as long as the geopolitical risks
12:23are still present,
12:25and are divided,
12:27meaning they are understood,
12:29and do not affect the movement so far,
12:31the prices of oil, in general, are limited,
12:34and the interest rates, in general,
12:36are stable so far.
12:38So, the focus is on the local factors.
12:42I think the local factors that I see
12:45will affect the Dubai market,
12:48and the Abu Dhabi market,
12:50which are the foreign investments,
12:53or the public investments, in general,
12:56in the next two weeks.
12:58I think it will have a big impact.
13:00Okay, Mr. Wadah,
13:02you also mentioned construction,
13:06and, of course, the specificity of construction
13:08and the movements.
13:10Today, even the Real Estate Union,
13:12and we talked about it in the past,
13:14this is the share that is still not
13:16shown on the screen today.
13:18In your opinion, to what extent,
13:20perhaps we have seen developments
13:22at the company level,
13:24I mean, its activity,
13:26for a long time,
13:28this share has been active in Dubai.
13:30The truth is,
13:32the previous performance,
13:34as you know,
13:36in the past year and before,
13:38there were problems,
13:40and there were legal problems
13:42with the previous board of directors,
13:44with the previous board of directors,
13:46which greatly affected
13:48the share performance.
13:50But it seems that the truth
13:52is that there is not only
13:54a gradual improvement
13:56in terms of the basic analysis,
13:58but there is
14:00credibility,
14:02I think,
14:04in the current board of directors,
14:06especially for
14:08the people
14:10who are specialized,
14:12they have good reputation,
14:14they have good specialized information.
14:16I think these
14:18recent statements contributed
14:20to reducing the gap
14:22and raising
14:24the level of confidence
14:26of current
14:28and potential
14:30shareholders in the
14:32real estate union.
14:34These statements, in fact,
14:36increased the level of transparency
14:38of the company and led to
14:40a noticeable improvement
14:42in reputation
14:44even in the last quarter
14:46of 2023.
14:48I think this is
14:50a very essential issue,
14:52the issue of openness and transparency.
14:54As for the basics,
14:56I think the company
14:58also faces challenges
15:00in 2024.
15:02I think, God willing,
15:04we will see an improvement
15:06in the next four quarters.
15:08We are always grateful to have you
15:10with us, Mr. Wadah Atta,
15:12and you are a member of the National Consultative Council
15:14of the CISI Institute in the UAE.
15:16Thank you very much.
15:46Thank you very much.
16:16Translated by Dima Kamal Masri
16:46Translated by Dima Kamal Masri
17:16Translated by Dima Kamal Masri
17:46Translated by Dima Kamal Masri
17:48Translated by Dima Kamal Masri
17:50Translated by Dima Kamal Masri
17:52Translated by Dima Kamal Masri
17:54Translated by Dima Kamal Masri
17:56Translated by Dima Kamal Masri
17:58Translated by Dima Kamal Masri
18:00Translated by Dima Kamal Masri
18:02Translated by Dima Kamal Masri
18:04Translated by Dima Kamal Masri
18:06Translated by Dima Kamal Masri
18:08Translated by Dima Kamal Masri
18:10Translated by Dima Kamal Masri
18:12Translated by Dima Kamal Masri
18:14Translated by Dima Kamal Masri
18:16Translated by Dima Kamal Masri
18:18Translated by Dima Kamal Masri
18:20Translated by Dima Kamal Masri
18:22Translated by Dima Kamal Masri
18:24Translated by Dima Kamal Masri
18:26Translated by Dima Kamal Masri
18:28Translated by Dima Kamal Masri
18:30Translated by Dima Kamal Masri
18:32Translated by Dima Kamal Masri
18:34Translated by Dima Kamal Masri
18:36Translated by Dima Kamal Masri
18:38Translated by Dima Kamal Masri
18:40Translated by Dima Kamal Masri
18:42Translated by Dima Kamal Masri
18:44Translated by Dima Kamal Masri
18:46Translated by Dima Kamal Masri
18:48Translated by Dima Kamal Masri
18:50Translated by Dima Kamal Masri
18:52Translated by Dima Kamal Masri
18:54Translated by Dima Kamal Masri
18:56Translated by Dima Kamal Masri
18:58Translated by Dima Kamal Masri
19:00Translated by Dima Kamal Masri
19:02Translated by Dima Kamal Masri
19:04Translated by Dima Kamal Masri
19:06Translated by Dima Kamal Masri
19:08Translated by Dima Kamal Masri
19:10Translated by Dima Kamal Masri
19:12Translated by Dima Kamal Masri
19:14Translated by Dima Kamal Masri
19:16Translated by Dima Kamal Masri
19:18Translated by Dima Kamal Masri
19:20Translated by Dima Kamal Masri
19:22Translated by Dima Kamal Masri
19:24Translated by Dima Kamal Masri
19:26Translated by Dima Kamal Masri
19:28Translated by Dima Kamal Masri
19:30Translated by Dima Kamal Masri
19:32Translated by Dima Kamal Masri
19:34Translated by Dima Kamal Masri
19:36Translated by Dima Kamal Masri
19:38Translated by Dima Kamal Masri
19:40Translated by Dima Kamal Masri
19:42Translated by Dima Kamal Masri
19:44Translated by Dima Kamal Masri
19:46Translated by Dima Kamal Masri
19:48Translated by Dima Kamal Masri
19:50Translated by Dima Kamal Masri
19:52Translated by Dima Kamal Masri
19:54Translated by Dima Kamal Masri
19:56Translated by Dima Kamal Masri
19:58Translated by Dima Kamal Masri
20:00Translated by Dima Kamal Masri
20:02Translated by Dima Kamal Masri
20:04Translated by Dima Kamal Masri
20:06Translated by Dima Kamal Masri
20:08Translated by Dima Kamal Masri
20:10Translated by Dima Kamal Masri
20:12Translated by Dima Kamal Masri
20:14Translated by Dima Kamal Masri
20:16Translated by Dima Kamal Masri
20:18Translated by Dima Kamal Masri
20:20Translated by Dima Kamal Masri
20:22Translated by Dima Kamal Masri
20:24Translated by Dima Kamal Masri
20:26Translated by Dima Kamal Masri
20:28Translated by Dima Kamal Masri
20:30Translated by Dima Kamal Masri
20:32Translated by Dima Kamal Masri
20:34Translated by Dima Kamal Masri
20:36Translated by Dima Kamal Masri
20:38Translated by Dima Kamal Masri
20:40Translated by Dima Kamal Masri
20:42Translated by Dima Kamal Masri
20:44Translated by Dima Kamal Masri
20:46Translated by Dima Kamal Masri
20:48Translated by Dima Kamal Masri
20:50Translated by Dima Kamal Masri
20:52Translated by Dima Kamal Masri
20:54Translated by Dima Kamal Masri
20:56Translated by Dima Kamal Masri
20:58Translated by Dima Kamal Masri
21:00Translated by Dima Kamal Masri
21:02Translated by Dima Kamal Masri
21:04Translated by Dima Kamal Masri
21:06Translated by Dima Kamal Masri
21:08Translated by Dima Kamal Masri
21:10Translated by Dima Kamal Masri
21:12Translated by Dima Kamal Masri
21:14Translated by Dima Kamal Masri
21:16Translated by Dima Kamal Masri
21:18Translated by Dima Kamal Masri
21:20Translated by Dima Kamal Masri
21:22Translated by Dima Kamal Masri
21:24Translated by Dima Kamal Masri
21:26Translated by Dima Kamal Masri
21:28Translated by Dima Kamal Masri
21:30Translated by Dima Kamal Masri
21:32Translated by Dima Kamal Masri
21:34Translated by Dima Kamal Masri
21:36Translated by Dima Kamal Masri
21:38Translated by Dima Kamal Masri
21:40Translated by Dima Kamal Masri
21:42Translated by Dima Kamal Masri
21:44Translated by Dima Kamal Masri
21:46Translated by Dima Kamal Masri
21:48Translated by Dima Kamal Masri
21:50Translated by Dima Kamal Masri
21:52Translated by Dima Kamal Masri
21:54Translated by Dima Kamal Masri
21:56Translated by Dima Kamal Masri
21:58Translated by Dima Kamal Masri
22:00Translated by Dima Kamal Masri
22:02Translated by Dima Kamal Masri
22:04Translated by Dima Kamal Masri
22:06Translated by Dima Kamal Masri
22:08Translated by Dima Kamal Masri
22:10Translated by Dima Kamal Masri
22:12Translated by Dima Kamal Masri
22:14Translated by Dima Kamal Masri
22:16Translated by Dima Kamal Masri
22:18Translated by Dima Kamal Masri
22:20Translated by Dima Kamal Masri
22:22Translated by Dima Kamal Masri
22:24Translated by Dima Kamal Masri
22:26Translated by Dima Kamal Masri
22:28Translated by Dima Kamal Masri
22:30Translated by Dima Kamal Masri
22:32Translated by Dima Kamal Masri
22:34Translated by Dima Kamal Masri
22:36Translated by Dima Kamal Masri
22:38Translated by Dima Kamal Masri
22:40Translated by Dima Kamal Masri
22:42Translated by Dima Kamal Masri
22:44Translated by Dima Kamal Masri
22:46Translated by Dima Kamal Masri
22:48Translated by Dima Kamal Masri
22:50Translated by Dima Kamal Masri
22:52Translated by Dima Kamal Masri
22:54Translated by Dima Kamal Masri
22:56Translated by Dima Kamal Masri
22:58Translated by Dima Kamal Masri
23:00Translated by Dima Kamal Masri
23:02Translated by Dima Kamal Masri
23:04Translated by Dima Kamal Masri
23:06Translated by Dima Kamal Masri
23:08Translated by Dima Kamal Masri
23:10Translated by Dima Kamal Masri
23:12Translated by Dima Kamal Masri
23:14Translated by Dima Kamal Masri
23:16Translated by Dima Kamal Masri
23:18Translated by Dima Kamal Masri
23:20Translated by Dima Kamal Masri
23:22Translated by Dima Kamal Masri
23:24Translated by Dima Kamal Masri
23:26Translated by Dima Kamal Masri
23:28Translated by Dima Kamal Masri
23:30Translated by Dima Kamal Masri
23:32Translated by Dima Kamal Masri
23:34Translated by Dima Kamal Masri
23:36Translated by Dima Kamal Masri
23:38Translated by Dima Kamal Masri
23:40Translated by Dima Kamal Masri
23:42Translated by Dima Kamal Masri
23:44Translated by Dima Kamal Masri
23:46Translated by Dima Kamal Masri
23:48Translated by Dima Kamal Masri
23:50Translated by Dima Kamal Masri
23:52Translated by Dima Kamal Masri
23:54Translated by Dima Kamal Masri
23:56Translated by Dima Kamal Masri
23:58Translated by Dima Kamal Masri
24:00Translated by Dima Kamal Masri
24:02Translated by Dima Kamal Masri
24:04Translated by Dima Kamal Masri
24:06Translated by Dima Kamal Masri
24:08Translated by Dima Kamal Masri
24:10Translated by Dima Kamal Masri
24:12Translated by Dima Kamal Masri
24:14Translated by Dima Kamal Masri
24:16Translated by Dima Kamal Masri
24:18Translated by Dima Kamal Masri
24:20Translated by Dima Kamal Masri
24:22Translated by Dima Kamal Masri
24:24Translated by Dima Kamal Masri
24:26Translated by Dima Kamal Masri
24:28Translated by Dima Kamal Masri
24:30Translated by Dima Kamal Masri
24:32Translated by Dima Kamal Masri
24:34Translated by Dima Kamal Masri
24:36Translated by Dima Kamal Masri
24:38Translated by Dima Kamal Masri
24:40Translated by Dima Kamal Masri
24:42Translated by Dima Kamal Masri
24:44Translated by Dima Kamal Masri
24:46Translated by Dima Kamal Masri
24:48Translated by Dima Kamal Masri
24:50Translated by Dima Kamal Masri
24:52Translated by Dima Kamal Masri
24:54Translated by Dima Kamal Masri
24:56Translated by Dima Kamal Masri
24:58Translated by Dima Kamal Masri
25:00Translated by Dima Kamal Masri
25:02Translated by Dima Kamal Masri
25:04Translated by Dima Kamal Masri
25:06Translated by Dima Kamal Masri
25:08Translated by Dima Kamal Masri
25:10Translated by Dima Kamal Masri
25:12Translated by Dima Kamal Masri
25:14Translated by Dima Kamal Masri
25:16Translated by Dima Kamal Masri
25:18Translated by Dima Kamal Masri
25:20Translated by Dima Kamal Masri
25:22Translated by Dima Kamal Masri
25:24Translated by Dima Kamal Masri
25:26Translated by Dima Kamal Masri
25:28Translated by Dima Kamal Masri
25:30Translated by Dima Kamal Masri
25:32Translated by Dima Kamal Masri
25:34Translated by Dima Kamal Masri
25:36Translated by Dima Kamal Masri
25:38Translated by Dima Kamal Masri
25:40Translated by Dima Kamal Masri
25:42Translated by Dima Kamal Masri
25:44Translated by Dima Kamal Masri
25:46Translated by Dima Kamal Masri
25:48Translated by Dima Kamal Masri
25:50Translated by Dima Kamal Masri
25:52Translated by Dima Kamal Masri
25:54Translated by Dima Kamal Masri
25:56Translated by Dima Kamal Masri
25:58Translated by Dima Kamal Masri
26:00Translated by Dima Kamal Masri
26:02Translated by Dima Kamal Masri
26:04Translated by Dima Kamal Masri
26:06Translated by Dima Kamal Masri
26:08Translated by Dima Kamal Masri
26:10Translated by Dima Kamal Masri
26:12Translated by Dima Kamal Masri
26:14Translated by Dima Kamal Masri