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00:00Good morning to all of you, viewers, and welcome to before the bell and before the start of
00:18the markets in the region today, we will stand with a new opening as well as this week's
00:24opening for the international markets and the UAE.
00:30Good morning, Khabib Salah.
00:31Good morning, Noor Randa and the viewers.
00:33As well as in our main news, the foreign investments in the Kingdom of Saudi Arabia
00:39jump by 71 billion dollars, reaching more than 640 billion dollars by the end of 2023.
00:48We have more news, starting with the first news.
00:54In our main news, the foreign investments in Saudi Arabia jumped by 266 billion riyals,
01:13which is equivalent to 71 billion dollars by the year 2023.
01:20This number reflects the attractiveness of the new investment environment in the Kingdom
01:27of Saudi Arabia in order to attract foreign investors, according to the vision of the
01:33Kingdom of Saudi Arabia for the year 2030.
01:37Randa, as we know, there was an update to the legislations and laws that may attract
01:43more foreign investors.
01:45Indeed, Mr. Salah, which comes in conjunction with the strategy that the Kingdom of Saudi
01:52Arabia has put in place today in terms of directives and large expansions, and these numbers
01:58also reflect the measures that the Kingdom has hastened to announce since 2018, which
02:05aims to transform its role into a non-oil economy by reaching the vision of the Kingdom
02:13of Saudi Arabia by the year 2030, which is what the broad lines of the Kingdom of Saudi
02:19Arabia actually aspire to.
02:21Here we are talking about these direct and indirect foreign investments, which planned
02:27642 billion dollars by the end of last year.
02:30As we were talking, Mr. Salah, is this the strategy or perhaps the plan that comes
02:36within the vision of the Kingdom of Saudi Arabia 2030?
02:39As we know, Riyadh has opened the door to major companies, especially technology companies,
02:53to open representative offices for them.
02:56Of course, the International Monetary Fund expects the Kingdom's economy to grow by 7%
03:03which may motivate more foreign investors to enter the Kingdom of Saudi Arabia.
03:10Indeed, perhaps the foreign investor studies all these points in terms of the economy and
03:17all the main points in terms of the economy.
03:22Specifically, we are still talking about the continuation of the recovery of inflation,
03:27the economic recovery, and other aspects of the economic environment that may attract
03:33these investments within the plans, extensions, and projects.
03:38Indeed, the big one that we have recently witnessed in Saudi Arabia.
03:41This is for foreign investments, but how did foreigners place their investments in various
03:47international markets, as well as oil and gold?
03:51In the details of the markets with you.
03:53Let's continue.
03:57How are the international markets moving?
04:06Today, we are watching the beginning of the circulation of this session of oil prices,
04:11which we have seen the continuation of references to more than 1% and is returning again to
04:17references and completing the references of the past week, in which we missed the 3%
04:23We were feeling the fear related to subsidies, despite the rise in geopolitical risks,
04:30but the market has somewhat reduced it in light of the recent movements, which came
04:35related to our subsidies.
04:37I am talking about the effect of the renewal of focus on the foundations of the market.
04:42Perhaps these movements are what move the market and oil prices more, if we compare it
04:49with the movements related to geopolitical tensions or the geopolitical workers.
04:55We are talking about these movements and perhaps the fears related to oil subsidies
05:00during the next period.
05:02As for the other main commodity, gold, which is now falling by 19 percent.
05:09We lost $2,400 per ounce in it after we reached a record level.
05:15We have seen a rise over the past week, but we have seen a rise for the fifth week
05:24in terms of gold.
05:27But we have seen, perhaps after the developments, and specifically the movements that we have
05:33observed at the level of the US dollar during the past period, and the repetition in front
05:38of a series of major currencies.
05:40Today, we are back again and we see this focus again on the dollar in front of the major
05:45currencies.
05:46We are talking about the movements of the major currencies during this period.
05:49In light of what the market is pricing today, in a large way, on the US federal policies
05:55regarding the monetary policy.
05:57Today, the investor puts in front of him the numbers of inflation on the part of the economy
06:01and also this policy, which today has been somewhat reduced by the market.
06:06Indeed, these numbers, of course, about the direction of the monetary policy, we have
06:12seen less than we expected.
06:14The previous expectations were that the declines could reach four declines throughout 2024
06:21and could reach the 100-point point.
06:23But today, indeed, these numbers, with the latest statements that we heard from Jerome
06:29Powell about the monetary policy and about the numbers that want to reach the 2 percent
06:35point in terms of inflation for the United States of America.
06:40We see some slight declines during this period.
06:43The dollar, on the other hand, has been declining in front of the dollar to the lowest levels
06:49for 34 years.
06:51This is also the case with the Asian region and what we were watching for the major movements
06:57on the markets in the region.
07:01In the region, we have seen a decline in the price of nickel, which rises by half the
07:06100-point point, but it has declined and lost important levels.
07:09From 39,000 to 38,000, we lose it and we circulate without these levels.
07:13The price of copper today tends to some rises, but in China we have some declines.
07:19We have seen that the monetary policy has also left interest rates on loans for a year
07:26and five years without change at 43.5% and 93.5% compared to those that have not changed
07:34by the Chinese People's Bank.
07:37This is why we see some slight declines today on the Chinese indicators during this period.
08:43According to the expectations and performance of these sectors in the region's economies,
08:49specifically in the Gulf countries, we are still talking about stable financial assets
08:55and also the numbers of inflation.
08:58At the same time, today, Salah, in which some countries are witnessing a major inflation
09:03fight, we are witnessing a decline in the inflation rate in the Gulf countries.
09:07In addition to the factor that strengthens the non-oil sector in the Gulf region,
09:11there are also reports that point to major assets, especially among the investment
09:16and sovereign bonds, which have a large number of assets.
09:21It is also likely that the numbers of growth rates, especially in the IMF,
09:27which sees that this region will develop its economy next year by 4.19 percent.
09:35And this time to China directly.
09:38We were talking about the latest movements in terms of the direction of the prices of
09:45the balance sheet.
09:46The banks in China have kept these prices without changing in response to the decision
09:51of the Chinese People's Bank to avoid a cash flow.
09:55This led to the confirmation of the main interest rate on the credit for a year at 43.5%.
10:02This is in line with all the expectations of the economists who included the inflation
10:07as well as the withdrawal of money from the banking system for the second month over
10:12the past week.
10:13This means that there is still a challenge in terms of politics and sustainability on
10:17these rates.
10:18Specifically, it may come in conjunction with China's fears about the real estate sector
10:22recently.
10:23We know that China has announced that it is targeting a growth rate of 5 percent.
10:29Therefore, anyone will be encouraged and facilitated to reach these numbers, especially
10:36with the major crises that the real estate sector is experiencing.
10:40A large number of real estate companies have been exposed to various banks in China.
10:46Therefore, this opens up the discussion, especially with the foreign investment, which
10:51has declined significantly.
10:54Last month, the foreign investment in China was 12 billion dollars.
10:59Of course, 12 billion dollars is a large number, but for a country of the size of China,
11:03it represents nothing in the estimation of the Chinese People's Bank.
11:06Indeed, and this is what I have seen from the returns.
11:08As you pointed out, Salah, it is targeting a growth rate of 5 percent.
11:13The latest figures for the overall situation gave some of this relief to China.
11:20Perhaps it is still targeting a larger growth rate.
11:22Even in terms of the support that the government has recently provided, both for the economy
11:28and to stimulate the return of economic recovery at all levels.
11:34Of course, one of the goals of this recovery is our next news, which is always from China,
11:42but in another field, it is related to the increase in the allocation of gold to China
11:47in China in a large way, where the political tensions have increased, including the war
11:54in the Middle East and North Africa, and the possibility of a reduction in interest rates.
12:00Factors that have increased the allocation of gold in general, but there is a competition
12:05between China and India.
12:07Who is the country that may have more control over this safe area?
12:12Perhaps the competition today has become at all levels.
12:16Specifically, as we talked about India during the past period, that it entered to compete
12:22with China or even with the major economies.
12:26These are the numbers we were talking about today.
12:29In light of these trends, the competition between China and India has become the largest
12:34market in the world, and the demand for gold jewelry in China has increased by about 10 percent.
12:41While the demand in India has decreased by 6 percent, at the same time, China's investments
12:46in gold jewelry and coins have increased by 28 percent.
12:51Even on a personal level, they buy gold and tend to buy gold in a larger way.
13:01It is a really important note.
13:03Despite the great increase that this recovery is witnessing, the reports also point to the
13:08two peoples in India and China, that their continuous allocation of gold is what supports
13:14and strengthens these numbers.
13:17And to another topic this time, the airlines that are ready for a summer full of challenges.
13:26The delay in the delivery of aircraft from Boeing and Airbus threatens to disrupt operations
13:31and raise prices.
13:33The number of new aircraft that American airlines receive is less than 40 percent,
13:40which is expected to make the airline sector face the possibility of further cancellation
13:44and delaying flights.
13:46This may be a good news.
13:48When I saw the summer break, I was excited about traveling.
13:51But in the end, you are planning well.
13:54The demand for travel has increased significantly.
13:57Prices will increase.
13:59These companies, especially Airbus in addition to Boeing, did not comply with the possible
14:05deadlines for the delivery of aircraft to airlines around the world.
14:11But the problem is also concentrated in the United States.
14:15The demand for new aircraft was huge.
14:18This is less, especially with the problems that emerged in the 737 model.
14:22It is what really caused this crisis.
14:24Indeed, there are still some gaps for this aircraft, which was in great demand by Boeing.
14:32We have seen, even at the level of the last Dubai Air Show, that there were large demands
14:39from both American and other airlines for the largest aircraft manufacturer in the world
14:46and the competition between Boeing and Airbus, which has become great.
14:50But we are still talking about these gaps that may occur for the sector.
14:56It is what is required.
14:58Perhaps the cost will be for travelers, whether due to the high prices of tickets and even
15:03for fuel.
15:04Or perhaps fuel prices today will be higher than before.
15:08It may even affect travel programs in general.
15:12From the travel budget, Salah?
15:14Relatively, yes.
15:15Just a classic regular vacation.
15:17Algeria?
15:18Yes, just that.
15:19Do you own a TikTok app?
15:25No, but I watch the videos on it.
15:29In my case, I do not own it.
15:31Of course, because the videos are short and fast.
15:33This time, if you are in the United States of America, you may not be allowed to use
15:38this app.
15:39Therefore, after the resolution of the US House of Representatives, a bill on the
15:45presence of a TikTok app in the United States of America was passed.
15:49Of course, the project says that the company that owns this app must sell this app and
15:54this share to a local company.
15:57We have seen this file that has been placed regarding the concerns related to the presence
16:03of TikTok.
16:04Because the percentage has become large, or the number of participants in the United
16:09States of America.
16:10170 million.
16:11The idea is that there may be people or certain groups today, Salah, who put TikTok as
16:17a source of income.
16:18Of course.
16:19On the contrary to what we see.
16:21We can only see the videos, but there are those who consider it a source of income.
16:26And the large percentage that opposes this matter is the percentage that benefits from
16:31these announcements and these details.
16:34Especially since it is a major source of income for a number of celebrities there.
16:39Therefore, these were our latest news under the cover.
16:43We will return after a short break for the rest of the segments under the cover.
17:01Our viewers, we continue with you in the Before the Bell.
17:04And in the highlights of our compass today, we will be with a detailed pause with the
17:09escalation of the military escalation between Israel and Iran.
17:12The oil, which loses almost one percent in the cost of weekly transactions.
17:18In other news, and on the eve of the spring meetings in Washington, the governor of the
17:23Central Bank of Iraq confirmed to CNBC Arabia that the foreign reserves of his country
17:29will reach 100 billion dollars.
17:31And reveals that the reserves have increased to 130 tons of gold reserves.
17:36Of course, most of them are in England.
17:39In our other news, which we will follow in the rest of the statements for CNBC Arabia,
17:45the spokesman for the Ministry of Public Works in Egypt reveals to CNBC Arabia about
17:52efforts to choose a global consultant.
17:55And that is to define the ideal framework to develop a beautiful capital area on the
17:59coast of the Red Sea.
18:02We will also have a pause with the news of companies in the Kingdom of Saudi Arabia.
18:07STC signs an agreement with the General Investment Fund to acquire a share in its
18:15company, which is worth approximately 8.7 billion Saudi Riyals.
18:21These are the most prominent issues we will touch on today.
18:26Saudi Arabia.
18:28And the most prominent of which is the movements for the shares.
18:32We have seen the Aquapower movements this week in the Saudi market, which we have seen
18:38rises with a fall this week by more than three percent.
18:42And a gain of two days.
18:44Perhaps the most prominent reasons that led to this jump for the shares.
18:49A group of companies in the Saudi market.
18:53The company has made a number of agreements with other companies locally and even internationally.
18:59He jumped with the price of this share to the highest level ever.
19:03We follow the details.
19:05So the share today is Aquapower, which rose by about three percent to a level that is
19:11its highest ever.
19:13It almost rose to the tenth seat on the charts.
19:18The reason behind these increases is the company's announcement of a number of international
19:24agreements, including an agreement to buy energy from the electricity grid in the state of
19:30Uzbekistan for about a billion Riyals, in addition to the establishment of a station
19:36to discharge seawater in Senegal, which is worth more than three billion Riyals.
19:42So these expansions and news related to the companies and foreign acquisitions are
19:48who supported this rise of the share, which rose to the highest level ever.
20:06We are preparing for the opening of this session.
20:08For the first part of the show, we are joined by a representative from Kuwait, Nada Abdussalam
20:16from Dubai Financial Markets.
20:18Good morning to all of you.
20:22We start today's session with the UAE.
20:26Nada is back to Dubai Financial Markets because of the circumstances we saw last week.
20:34Specifically, what do we expect from the UAE this week?
20:40Good morning, Randa.
20:42Good morning, everyone.
20:44We can, of course, imagine the regional tensions.
20:46We can start seeing the UAE's markets rebound, especially after we fell by more than
20:506 out of 10 in the Dubai market last week and 1 out of 10 in the Abu Dhabi market.
20:54And of course, we lost levels of 9,200 points to 4,200 points, as you know, Randa.
20:59The other thing is that the banks in the UAE markets this week will hold their board meetings
21:07to consider the financial indicators of the quarter.
21:09We are talking about Islamic Dubai on Tuesday, as well as a group of banks on Thursday.
21:15We also have a meeting on Thursday for the board meetings.
21:19Therefore, we will look at the movements of these companies this week, especially since
21:23last week, the UAE had a 5% rebound and Abu Dhabi had a 4% rebound.
21:32The other thing is that tomorrow we will have the signing of the Spanish shares,
21:38and we have a number of other news related to the companies that are still in the process
21:42of distribution and meeting this week to repeat the distribution.
21:47From the UAE to Kuwait, and we welcome our colleague Najwa.
21:52Najwa, what are the expected developments today?
21:55Will the journey of returning the Kuwaiti indicators to the high continue?
22:04Good morning.
22:05I really think before I go out with you, will I say that we expect the green color to continue today,
22:11like yesterday?
22:12I will say that we expect the same green color to continue today.
22:16Because there was a big decline during the past few weeks.
22:20Today is the last day of distribution of some shares, Humansoft, Noor and Ahly.
22:24Today is also a meeting of the Board of Directors of Zain Group to repeat the data and
22:29recommend distribution.
22:31In the near future, we will witness some important global associations.
22:35We will follow with you today the rest of the developments in the Kuwaiti stock market,
22:39and we hope that the market will not disappoint us and that it will go according to expectations
22:43and that the green color will remain with us during today's session.
22:47We will now go to Doha.
22:49This time, it is expected that it will continue and that it will meet the expectations of
22:53the companies of today's session.
22:58Of course, the indicators that we have seen since the beginning of this year are 9,800 points.
23:04We have a group of companies that have expanded their financial bank in Doha.
23:08They grew in the range of profits, which is better than the average expectations, but
23:11there was an increase in the level of inflated debts and returns in the range of profits
23:15and the increase in the level of investment.
23:17In general, we had the MSD company and Zain Group in general today.
23:21We also have Dalal Group, which is a bank in Doha.
23:27I think that all of these news may draw the direction of the market in Qatar
23:31in the second phase of this week.
23:35We thank all of you, colleagues, Muammar Nada and Najwa.
23:39You were with us from Doha, Dubai and Kuwait.
23:45This time to social media sites and the most prominent one we chose today
23:49and even the one chosen by those who circulate on these sites.
23:52We are talking about new effects.
23:55Egypt is rich in effects.
23:59As for this piece, which is similar to the second king Ramses,
24:04it is said that Egypt discovered it in one of the e-mails in Britain.
24:11It also ended in Switzerland.
24:14It was able to recover this piece, which it had lost since the late 1980s.
24:20After it was stolen, it regained these important effects for the country.
24:25To the last topic this time.
24:27The case of Trump is wasting money in his election campaign.
24:31We talked last week about his company and perhaps after the trial today,
24:37which is still pending for Trump before these elections.
24:40Now, what was collected by donors to enhance the performance of the election,
24:46he is losing it for various trials and court cases.
24:51And to Amazon this time, in terms of packaging and packaging,
24:56which has become more efficient in recent years,
24:59thanks to artificial intelligence.
25:02Perhaps today these companies that introduce artificial intelligence
25:05in a broad way in all their operations worldwide.
25:09We believe that artificial intelligence has entered all fields and all details.
25:13More details about this news can be found on our website,
25:17on our e-site and also our accounts on social media.
25:23Until then, accept our greetings, but do not go far.
25:27The morning session will begin after this break.
25:39Thank you.