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00:00Welcome to a new episode of CNBC Stories with me, May Saeed.
00:18In this episode, as usual, we have gathered for you some of the most beautiful reports that we have prepared and presented to you on our screen. Stay with us.
00:31With the continuation of the strengthening of the non-oil sector in the UAE economy, the local markets have seen a noticeable increase in the issuance of bonds and bonds during the first quarter of the current year.
00:43This is due to the role of experts and specialists in developing the local UAE debt markets and raising the efficiency of prices. Let's watch.
00:54Under the continuation of the strengthening of the non-oil sector in the UAE economy, which is expected to grow by about 4.7% in 2024, companies are seeking to secure the necessary capital to expand,
01:07which clearly shows the growth in the volume of its issuance of bonds and new bonds. Experts see that the preference of the bonds market over the traditional debt market is a healthy matter,
01:18attracting quality investors and providing safe investment alternatives.
01:24Money and the abundance of money is the only savior in the economic movement of any country. There are tools, whether you take traditional debt from commercial banks or issue government bonds,
01:38which are guaranteed for some investors. Bonds, on the contrary, are an excellent field where you have various sources of income.
01:49According to many, the financial situation of most UAE investors is stable. As for the risks of the growth of the issuance of bonds and bonds, it is due to the high interest rates.
02:00On the one hand, the government, represented in the Ministry of Finance, has decided to issue bonds and bonds worth 5 billion dirhams during the first quarter of the current year,
02:09with a total issuance of about 7.7 billion dirhams last year. Among all this, the Abu Dhabi bond market has recently become the first box to exchange bonds with the state.
02:22This type of market is limited to large companies or large investment companies.
02:30As for the current availability of this product in the Abu Dhabi bond market, it has become an entry point for investors, especially individuals, to the bond market.
02:40While there are several reasons for increasing the acceptance of companies to these issuances, either to cover previous issuances or to meet the financial needs according to the promised opportunities,
02:49or to diversify financing sources, one of the issuances during the first quarter of the current year was the issuance of 300 million U.S. dollars bonds in Nasdaq, Dubai, in order to pay for the company's growth.
03:04The Dubai bond market is a very promising market, and we are seeing a very large growth in the market.
03:09We acquired lands worth more than one billion dirhams before issuing these bonds. These acquisitions were supported by the company's cash flows.
03:19Today, these bonds will help the working capital.
03:24It is reported that since the start of the current year, one of the issuances has been the exchange of investment of dollar and dirhams bonds in the Abu Dhabi bond market, worth 4.5 billion dollars and 750 million dirhams.
03:36The first Abu Dhabi bank issued 800 million U.S. dollars.
03:41The Islamic Bank of Dubai issued 1 billion U.S. dollars.
03:44The Sharjah government issued 750 million U.S. dollars.
03:50In a previous period of the year, the Fitch Insurance Company issued 10% of U.S. bonds in 2023, worth 270 billion U.S. dollars.
04:03The company is expected to issue 300 billion U.S. dollars by 2024-2025.
04:11On the other hand, Nasdaq Dubai is one of the world's largest credit and bond platforms, worth more than 131 billion U.S. dollars.
04:30We stay in the UAE, where Dubai aims to glorify its place as a future city with technology and artificial intelligence.
04:37In 2031, there are expectations that Dubai will increase its dependence on artificial intelligence by 100% in the field of data analysis and services.
04:48In this case, there is a need to increase investment in cyber security, which is what the UAE is doing in a special way.
04:57Jamie explains in detail the developments in artificial intelligence for the audience.
05:03He also supports SOFIA, the world's first AI-based human.
05:08This is in line with the activities of the first AI and blockchain exhibition.
05:13We're going to see lots of applications of artificial intelligence in our lives,
05:19such as electricity that is produced in many parts of our lives, such as a fork or your glasses.
05:23There may be electricity in those forks. There may be electricity in those glasses.
05:28We will be supported by artificial intelligence and everything in this microphone in our clothes,
05:33in the way we interact with each other.
05:36But we will increasingly have artificial intelligence systems that do things that humans might do,
05:41and then do things that humans cannot do.
05:44Especially when we collect large data sets, powerful algorithms, and powerful computers.
05:50At the same time, companies are working in the field of artificial intelligence to expand their business areas,
05:57including EAN Enterprise, which aims to provide technical solutions to companies and institutions.
06:05It is clear every day that we have new developments and new versions of the models of artificial intelligence coming to the market.
06:14Therefore, we have seen different types of challenges,
06:19the most prominent of which is the availability of skills and people,
06:22in addition to the cost of infrastructure and other problems.
06:26But in the event of all these challenges, we will certainly see the results in the near future,
06:31and it will reflect on industry.
06:33Definitely, it will be something that hopefully in the near future we will see the results being applied to the industry.
06:38With the increase in the dependence on artificial intelligence,
06:41the need for cyber security continues, and the increase in investment in it,
06:46which is what the UAE is particularly concerned about.
06:49Cyber attacks from ransomware and other DDoS attacks have increased significantly.
06:56We used to talk about 50,000, today we have more than 200,000 attacks,
07:00and we see them, thank God, and we also block them on the same day.
07:04Last year, we reached more than 3 billion dollars in the amount of digital transformation in cyber security,
07:15and this year we see that, God willing, it will be more and more in that.
07:19Many parties need to build their centers for cyber operations,
07:23many parties are also attracting new technologies with artificial intelligence,
07:28and, of course, the investments, thank God, are also continuing in that.
07:34The application and use of artificial intelligence in various fields is expanding,
07:40indicating expectations of its contribution to the economies of the Middle East region
07:45of about 320 billion dollars by the year 2030,
07:50with the strengthening of countries and companies to invest in the developing sector.
07:55Kareem Mosaad, CNBC Arabia, Dubai.
07:59Have you ever heard of the Jew's Attic?
08:03It is a mysterious world of wealth that costs millions of dollars,
08:08where the rich Jew is considered the safe haven for many rich people around the world
08:13to escape and relax away from the eyes of the world.
08:17Let's see the details together.
08:29Kareem Mosaad, CNBC Arabia, Dubai.
08:33Have you ever heard of the Jew's Attic?
08:37It is a mysterious world of wealth that costs millions of dollars,
08:42where the rich Jew is considered the safe haven for many rich people around the world
08:47to escape and relax away from the eyes of the world.
08:51Let's see the details together.
08:54Kareem Mosaad, CNBC Arabia, Dubai.
08:58Have you ever heard of the Jew's Attic?
09:02It is a mysterious world of wealth that costs millions of dollars,
09:07where the rich Jew is considered the safe haven for many rich people around the world
09:12to escape and relax away from the eyes of the world.
09:16Let's see the details together.
09:20Kareem Mosaad, CNBC Arabia, Dubai.
09:24Have you ever heard of the Jew's Attic?
09:28It is a mysterious world of wealth that costs millions of dollars,
09:33where the rich Jew is considered the safe haven for many rich people around the world
09:38to escape and relax away from the eyes of the world.
09:42Let's see the details together.
09:45Kareem Mosaad, CNBC Arabia, Dubai.
09:49Have you ever heard of the Jew's Attic?
09:53It is a mysterious world of wealth that costs millions of dollars,
09:58where the rich Jew is considered the safe haven for many rich people around the world
10:03to escape and relax away from the eyes of the world.
10:07Let's see the details together.
10:15The Gulf Cinema Festival was held in Riyadh in 2023.
10:19The Gulf Cinema Festival was held in Riyadh in 2023.
10:23The Gulf Cinema Festival was held in Riyadh in 2023.
10:27The Gulf Cinema Festival was held in Riyadh in 2023.
10:31The Gulf Cinema Festival was held in Riyadh in 2023.
10:35The Gulf Cinema Festival was held in Riyadh in 2023.
10:39The Gulf Cinema Festival was held in Riyadh in 2023.
10:42It was a rush, because people were talking, sharing ideas,
10:47what to do, there were production houses, composers, actors,
10:51people were looking for their shadows, you find them in these festivals.
10:55Sometimes there was a casting, people were called to do auditions.
10:59The Gulf Cinema Festival was held in Riyadh in Riyadh in 2023.
11:03The Gulf Cinema Festival was held in Riyadh in 2023.
11:07The Gulf Cinema Festival was held in Riyadh in 2023.
11:10Kehliqueh Captain continues his fourth version of his Gulf Cinema.
11:14It is the last version of his Gulf Cinema series.
11:17With the creation of the production house
11:20he meets the challenges of the film production
11:24and the 1000 days of collective funding,
11:27as well as independent films and small budgets
11:30and writes the script and scripts.
11:33The literary script was more attractive
11:36and this is normal, it is the main character whether the poem or the novel.
11:38to write a screenplay.
11:40And writing a screenplay, of course,
11:42is a creative and professional area
11:44that is amazing and present.
11:46Today, we are talking about huge productions,
11:48whether through platforms and TV stations,
11:50TV dramas,
11:52or also in the area of cinema.
11:54Today, the Saudi audience is huge,
11:56and the Gulf cinema is also present,
11:58whether in long or short films,
12:00or even in writing content.
12:02Today, it has become one of the great necessities.
12:04Today, a third of the work
12:06of an artist is the screenplay.
12:08Yes, not everything must be imitated,
12:10for example, what foreigners do.
12:12We also have our identity
12:14and our way in films.
12:16If you look at the Egyptian film,
12:18it does not imitate the American film,
12:20so it has its own way.
12:22We also have our way,
12:24and the Indian film, Bollywood,
12:26we do not have a specific target on Hollywood,
12:28for example.
12:30No, we also have our way,
12:32we have our stories,
12:34and we also have a need to develop
12:36the cinematic production system,
12:38from writing creative ideas
12:40to strong production companies
12:42and professional actors.
12:44This is Alshamri from CNBC Arabia.
12:46Riyadh
12:50Our episode continues,
12:52and we watch some of the break.
12:54The UAE is witnessing a jump in rent prices,
12:56and the prices of food and electric cars
12:58in Egypt are declining.
13:00Stay with us.
13:04Riyadh
13:12A continuous search
13:14for residential properties
13:16in a special location and at a reasonable price.
13:18This is the case in the UAE,
13:20where the rent prices have jumped
13:22in the past year and the beginning of this year,
13:24especially in Dubai,
13:26with the acceptance of residents
13:28to take advantage of the facilities
13:30that are prohibited to them.
13:32A continuous search
13:34for a suitable
13:36residential property
13:38in Dubai.
13:40Moving between different sites
13:42and comparing the rent prices
13:44and perhaps the prices of
13:46the ownership of residential units.
13:50I'm looking at a lot of different things,
13:52whether on the Internet
13:54or on the ground.
13:56I visit different real estate sites
13:58on the Internet,
14:00and I look at the properties
14:02of the residential units
14:04and their details.
14:06At the moment,
14:08the rent prices have increased
14:10sharply, so I'm thinking
14:12about changing my decision
14:14to move to a real estate
14:16and owning a residential unit
14:18to invest in it.
14:20Real estate companies
14:22are trying to attract customers,
14:24confirming that the increase
14:26in prices includes rents
14:28and the number of units
14:30is currently 700,000 units,
14:32and we expect
14:34at least 7,500,000 people.
14:36Others will come to live
14:38in Dubai by the year 2040,
14:40and Dubai will deliver
14:42between 40,000 and 60,000 units
14:44only every year in the market.
14:46This means that we have
14:48an increase of 4 million people
14:50in 15 years,
14:52so you're looking at
14:54between 1.3 and 1.4 million units
14:56over the next 15 years.
14:58It seems that companies'
15:00future expectations
15:02indicate an increase
15:04in prices and rents
15:06over the next two years,
15:08but there may be
15:10a slowdown in demand
15:12in the medium term.
15:14If we look at Dubai,
15:16we have more than 100,000
15:18residential units being delivered
15:20over the next three years,
15:22but in terms of demand increase,
15:24we will have about 20,000
15:26residential units in the market.
15:28This means that
15:30although demand
15:32is high,
15:34and will continue to be high
15:36because of all the main factors
15:38I mentioned,
15:40but demand will be faster
15:42in terms of growth
15:44than demand,
15:46and this will lead
15:48to a slowdown
15:50in growth rates
15:52in terms of rents
15:54and sale prices.
15:56The Property Finder report
15:58indicated that the UAE's
16:00real estate market share
16:02increased by 8%.
16:04Experts expect the UAE's
16:06real estate market share
16:08to grow by more than 4%
16:10in the coming year,
16:12despite the country's
16:14continued acceptance
16:16and the number
16:18of tenants
16:20in Dubai.
16:50Here are the details
16:52of the report.
16:54Here,
16:56a food product's prices
16:58dropped by about 10%
17:00in the past few days,
17:02and another product's
17:04prices did not increase
17:06by more than 5%,
17:08while many products
17:10remained unchanged.
17:12This is how the situation
17:14in the Egyptian markets
17:16began after about a week
17:18when prices dropped
17:20between 15% and 20%,
17:22and reached 30%
17:24after Eid al-Fitr,
17:26days after all products' prices
17:28increased sharply
17:30in the past few months
17:32due to the double price
17:34and some merchants'
17:36overpricing of their products
17:38before the Egyptian Central Bank
17:40decided to lower the price
17:42by one month.
17:44The government should
17:46accept this initiative
17:48so that the citizens
17:50can feel the effort
17:52made by the government.
17:54For me,
17:56the food product's prices
17:58dropped by
18:0015%
18:02and did not
18:04reach 20%.
18:06If I went to the supermarket
18:08and bought this product,
18:10I would be disappointed.
18:12The foreign books
18:14say that the prices
18:16of medicines
18:18did not drop,
18:20while the prices
18:22of food products
18:24did not drop
18:26by more than 100%.
18:28The prices of oil,
18:30sugar, and everything
18:32that is available
18:34and the commercial rooms
18:36in Cairo,
18:38have a big role
18:40in lowering the prices.
18:42But the situation
18:44should be better
18:46than this.
18:48The agreement
18:50which included
18:52more than 70%
18:54of the market
18:56aims to control
18:58the increase of the
19:00inflation rate
19:02in addition to
19:04lowering the prices
19:06in order to lower
19:08the prices of fuel
19:10and fuel prices
19:12may have
19:14a negative impact
19:16on the prices.
19:18We say that there is
19:20a near gap
19:22between the demand
19:24and the supply
19:26of products.
19:28Products are
19:30being sold
19:32in the markets
19:34and the demand
19:36of consumers
19:38is increasing.
19:40This is what we see
19:42in the current situation.
19:44The prices are declining
19:46and the prices of
19:48sugar, rice,
19:50and pasta
19:52are dropping
19:54by more than
19:5630-40%.
19:58The Egyptian president
20:00directed the government
20:02to allocate between
20:041 billion and 3 billion dollars
20:06to lower the prices
20:08of essential goods
20:10in order to lower
20:12the price of the dollar
20:14in the past weeks.
20:16Ruq Yousuf, CNBC Arabia, Cairo.
20:22We stay in Egypt
20:24with the strengthening of the currency
20:26and the unification of the exchange rate.
20:28Car prices have dropped
20:30by 20%
20:32after successive increases
20:34in the past year.
20:36Car sales were
20:38at their lowest level
20:40in the past year,
20:42but they are expected
20:44to improve this year.
20:46Let's see the details
20:48in this report.
20:50After successive increases
20:52in the price of cars
20:54in the past year,
20:56the foreign currency
20:58crisis caused
21:00a slowdown in sales.
21:02The government
21:04released the money
21:06and left it
21:08to the exchange rate
21:10and demand
21:12by paying
21:14the dollar
21:16inflows
21:18to the country,
21:20which reflected
21:22the decrease
21:24in prices
21:26and the number
21:28of cars.
21:30The foreign currency
21:32crisis
21:34caused
21:36a slowdown
21:38in the price
21:40of cars
21:42in the past year,
21:44but they are expected
21:46to improve
21:48this year.
21:50The foreign currency
21:52crisis
21:54caused
21:56a slowdown
21:58in sales
22:00in the past year,
22:02but they are expected
22:04to improve
22:06this year.
22:08The foreign currency
22:10crisis
22:12caused
22:14a slowdown
22:16in sales
22:18in the past year,
22:20but they are expected
22:22to improve
22:24this year.
22:26The market is experiencing
22:28a slowdown
22:30in sales
22:32while customers
22:34are waiting for
22:36more discounts.
22:38The market
22:40is experiencing
22:42a slowdown
22:44in sales
22:46in the past year,
22:48but they are expected
22:50to improve
22:52this year.
22:54The foreign currency
22:56crisis
22:58caused
23:00a slowdown
23:02in sales
23:04in the past year,
23:06but they are expected
23:08to improve
23:10this year.
23:12The foreign currency
23:14crisis
23:16caused
23:18a slowdown
23:20in sales
23:22in the past year,
23:24but they are expected
23:26to improve
23:28this year.
23:52The foreign currency
23:54crisis
23:56caused
23:58a slowdown
24:00in sales
24:02in the past year,
24:04but they are expected
24:06to improve
24:08this year.
24:10The foreign currency
24:12crisis
24:14caused
24:16a slowdown
24:18in sales
24:20in the past year,
24:22but they are expected
24:24to improve
24:26this year.
24:28The foreign currency
24:30crisis
24:32caused
24:34a slowdown
24:36in sales
24:38in the past year,
24:40but they are expected
24:42to improve
24:44this year.
24:46The foreign currency
24:48crisis
24:50caused
24:52a slowdown
24:54in sales
24:56in the past year,
24:58but they are expected
25:00to improve
25:02this year.
25:18Thank you for watching.