BnSamy | لايف للحديث عن الاستثمار الأجنبي وأهميته وليه بنخاف منه وإزاي نقدر نبدد مخاوفنا دي

0:00 May the peace, mercy, and blessings of God be upon you. How are you? What are you doing? We always talk about foreign investment. Whenever news about foreign investment is published, all the comments revolve around our concept of what it is. They sold the country, so let's think about what foreign investment is for anyway? Countries need foreign investment? For a simple reason, which is that countries do not have enough money to make investments. This is the first thing. This is in specific fields, but in fields that are much more important than this. It is not a matter of money. For example, if you came and said, “I want to make a processor factory like Intel.” For example, if there is a flu, it is the role of the flu. So, like Intel, I want to make a processor factory.

0:48 How much does Intel build this factory for, for example, with 5 billion dollars? Take 5 billion dollars, build a factory. I will not know. Don’t talk about me. No one will know why, because there are technologies in place and patents, and over the years, it is very long. So whoever knows how to transfer this, this is with the investor, not you. You end up doing what you know. For example, in the car industry, we are working. By the way, Egypt is trying. It is working very well currently in the car industry or in assembling. People also do not like to tell you. He means assembling, not manufacturing. By the way, he really does. I mean, God willing. I mean, we, God willing. God willing, God willing, we will go back to 2008, and we will not go back to 2008 because in 2008, Egypt was producing locally produced cars three or

1:36 four times what we are producing now. We were producing locally produced S-Class cars. At that time, Mercedes S-Class and BMW 7 Series were assembled in Egypt. They were assembled in Germany, Egypt, and China. You know, France didn’t have an assembly plant. Sorry, but Egypt had it, but never mind. I mean, what do you mean? God willing, we will go back to 2008, and then we will start moving forward. We will not move backward. Where will we go? When we come, let’s say, for example, there are manufacturers in the industries that you know, like the car industry. When you come, what will you do? The car seat, we will know how to do it. The body outside is smooth, we will do it. Some of the electrical wiring, we make the brake pads. We have a good brake pad factory in Egypt.

2:22 But for example, you will come and tell me about certain things related to control, movement sensors, motions, and I don’t know, no, there is no such thing. We will bring these things as they are, the motor, no, we will bring it from outside. I don’t know what we will bring. Why don’t we do it because we won’t know how to do it? Why won’t we know how to do it because those who made it, these are people who worked for 50, 60, 70, 80, 100 years. They have dozens, hundreds, and thousands of patents. They have reached a very high level of ability to know how to make a motor. By the way, I see a lot of comments being posted, but I will finish as we always do. The first quarter of an hour, a third of an hour, half an hour, I talk about the subject, and then I go into all the comments. I don’t ignore any comments. I just explain to people.

3:09 I just make sure that no one is complaining about the sound. No, no one is complaining. Okay, so that’s important. Foreign investment here has to come. You have to bring it. How do you bring it? And here, this is another problem we face, which is that you pamper the foreign investor. Yes, because he is the one you are supposed to pamper. Yes, we will not reach the problem now. What is it? We are supposed to pamper him. Yes, why are we supposed to pamper him? I have a Mercedes company. I have a BYD company now. You have no. I want to build a factory in the Middle East. I have in front of me now who are the big players in the automotive

3:55 field in the Middle East. Actually, those who manufacture cars in the Middle East are only three countries, or assemble cars, or manufacture, or whatever their level of expertise in cars is. Three countries. Turkey produces approximately one million and 300,000, one million and 400,000 cars per year, and Morocco produces approximately 800,000 million. I mean, I don’t remember the exact numbers. Of course, we will not go in and search because it is not We are not comparing, I mean as a number, but you will find that Turkey is on average a million, a million and a quarter, and you will find that Morocco is close to a million, and you will find that Egypt came out at 50,000. By the way, in 2008, Egypt had around 100, a little over 1,000, and Morocco had 200,000 or 30,000, something like that. We were weak in Morocco in 2008, which is the world’s worst car, we were producing or assembling cars double what they were in 2008.

4:44 Anyway, in 2007, during the global economic crisis and things like that, now I am a BYD. I want to go to Egypt. You will tell me, “You will come and tease me.” For example, in Morocco, I will go to Turkey. You will tease me. In Turkey, I will go to Egypt. You three will attack me, sir. I will go to Libya. Libya has anxiety and trouble. I will go and collect cars in Saudi Arabia. I will collect cars in and you will tell me that Saudi labor is expensive. I will bring labor. We will not flog. I mean, do you know what it is? I will import labor. It is not a problem. I will import labor from Egypt, sir. The countries are the ones who come here. The countries are the ones who direct the investor. They tell him, “Come, I will give you a tax exemption. I will give you incentives.” I do not know who. We will start pampering you so that you come to us. Well, what will

5:33 you do with the tail here? The point here is the problem. What do you do with the tail? What does the tail look like? You will come, for example, come. Let us think. For example, these countries are doing something like Malaysia, for example, they want to make a renaissance in their cars. Oridi did that in the past. But let us imagine if we were to think in their place, what would we do? Come, Toyota, build a factory with me and I will give you 10 years of tax exemption. You will make a lot of profit. Yes, but on one condition. Half You will invest your profits in the country again. It is simple. My condition is that every year you send 100 engineers to take training courses in Japan and you bring trainers from Japan to train 1000 engineers, for example, every year from you.

6:22 Why would I do this and go and do this, for example, with Volkswagen, for example, I do this with Mercedes. Of course, in the past there were no Chinese companies and so on. After 10 years, I had thousands of engineers trained at the highest quality. They went to come and work on the national car project, Proton. And I will have the capabilities that I actually work on. It is not that I produce the car, Nasr, meaning that it is accepted like this because I am the first to pamper it. Why? Why does he come to teach people? Why does he want to transfer his experiences to me? So when I come one day and say that I want to do something, I will have the skills, so I will have the ones I can work on, because once Tim

7:10 Cook, the CEO of Apple, was in one of his meetings, he was saying to you, do you remember that there was a meeting in a conference hall like the Continental Center, the center of these conference halls? So he said to him, what? He said, people think that we go to China because China is cheap. Whoever knows this doesn’t know anything about China. In the last 10 or 15 years, we have been going to China because if I were in the state here now and I asked that I want an engineer in such and such a specialty, I don’t know, and he said something specific, meaning, 20 or 30 people will come to me, I will test them, and I will see. In China, if I ask for an engineer in the same specialty, they will fill this room with engineers who are better than them. So here is the difference, you have the highly skilled, qualified workers in your market.

7:58 For example, we come and he says to you Basically, we will make... We will make... The income of Egyptians abroad... Of course, this is the government's plan... Egyptians abroad bring in $30 billion in 20-30. We aim for this number to be $60 billion. How is that going to be good? You will be the leader. What is it? Because what is it? Either you make Egyptians abroad double their income, you will convince their companies to double their salaries, and this is impossible. The second solution is to double their number. There is nothing else. Either I will double their number or they will double. I am not magic, I mean there is no other option. I will double their number. So what do I have to do? Do a huge education operation for the

8:44 people. Do something like a machine, a machine that produces skilled workers. What do you want? What do you want? Go there, country by country, to companies. Do a huge survey in these countries. This is the role of the consul, who I think is sniping. There is an educational consul. I don't know. Educational hunting or cultural hunting in the country of Egypt? In these countries, they go down and do a survey of countries in a way that means collecting all the data. Look, they want these skills. We want these things. Let's do these 10 things in Egypt. Tick tock, tick tock, tick tock. Learn these 10 things. I mean, a machine goes out and at the same time, the consul abroad and the consulates abroad of Egypt are sitting on such-and-such jobs that are sent here.

9:30 Hop, charge it like this. By the way, a machine. I'm not surprised. India does this. The Philippines does this. Pakistan does this. So, countries abroad do this. The countries that have a large workforce do this. What do you want? You want this as a gift for him. He is not teaching him everything in life. We want them. They want these 10 skills. What market are you targeting? What does the Saudi market want ? Let's assume he wants construction workers, a lot of good construction workers, but he doesn't want them who don't know anything. We want to teach them certain skills. Okay, bring the Egyptian bunker workers, sir. Yes, teach them these skills. Tick, tick, tick, tick, tick, tick, tick, chick, and send here. It will double the same idea. You want to make an industry that specifies fields. Of course, countries must specify the field they want to work on and work on it and start so that you can bring a

10:16 lot of workers here. In the first place, we know what Egypt's workers are like. Do you know why? I want to teach them certain things, I want to teach them accounting, I want to teach them these things, but when you come to do industry here, I don’t know, I don’t have the end in simple industries, which is the food industry, although even the food industry is not easy, there are things in it that are very difficult and advanced. You can’t imagine, for example, that juice concentrates, we bring juices to Egypt, which is homemade juice, juice of any kind, these juice concentrates, most of them are imported. Also, the box outside, Tetra Pak, is manufactured by Tetra Pak, a Swedish company, manufactured in Saudi Arabia. As for the box outside, I mean, until a few years ago, some of these sweaters were manufactured

11:03 outside Egypt. Why are we independent in these things? But these things need a certain end or block. There is something else, there is something called block. The important thing is that we don’t want to get out of the subject and turn to industry. We now want We are talking about foreign investment. I, I, now I want foreign investment. I will bring it. Okay, what is the problem with foreign investment? Let's go to the main point, which is the impact of wars. Okay, okay. We will enter the wars later. I mean, what is foreign investment? Let's say, what is the problem that people are calling for? The first thing that people are calling for is that I will bring in a foreign investor who will work and earn 100 million by the end of the year and transfer them outside Egypt. If I have a lot of foreign investors, we will first get them to come and buy the companies

11:50 that we have. It is good. So let's assume that we have company X. Company XD is worth a billion dollars, for example. It is good. They will come and give us a billion dollars and take company XD. The number of a billion dollars is a crazy number. It is possible that you will not find 10 or 15 companies in all of Egypt that can bring in a billion dollars. I mean, if we bring in 10 companies originally, or they buy the company for a billion dollars, that is perfect. They paid us a billion times, and then this company earns 500 million pounds every year, 100 million, a billion pounds, 2 billion pounds, whatever the number will be, how much will you find every year around it? 30 million dollars, 50 million dollars, 70 million dollars. Over time, you will be milked. The idea is

12:38 this: I am the one who brought me a billion times, and you kept giving me dollars outside the country all the time. A girl came to me and said, “Here is a hotel. You came and built a hotel, and the tourists kept coming and entering the hotel. You make a profit at the end of the year and take these dollars and take them out. You came to Toshka and built. You took a piece of land and planted it well. You made investments once, and then sold wheat to the government. You took an Egyptian pound from it and took it out. So you will be constantly taking dollars out of the country. This is the problem. You will milk me all the time. You will give me money once and take money out of me all the time. Right? What is the idea? Jet will build Ras El Hekma Ras El

13:24 Hekma in order for it to be built, luxurious compounds will be built, something five or seven stars, as we call it, and there will be Marassi Yachts and an airport, a free zone, an airport without customs. Ras El Hekma has already taken a decision that it is a free zone, without customs or taxes. That means Ras El Hekma will remain a free zone, without customs or taxes. So it will continue to import in order to build. No, it will bring. They will not use marble from a worn-out apartment. They will bring Italian marble. They will bring marble from I don’t know who will build it. They gave us 35 billion and they will continue to import equipment and things. These will make us some money, and after that, some tourists will come and make money, they will destroy some money, so they will keep

14:10 us money forever. Right, the thinking should be like this. By the way, it is better for someone to stop talking and come and get me into trouble. I object. Regarding investment, of course not. The fruits are great. I will talk, but people look at it this way. Okay, it is great. The companies were sold, of course. The companies were sold for less than their value and not at their value. This is another topic, of course. This is not a discussion. The thing is supposed to be sold at its value. So this is not the point I am talking about, whether the thing is sold at its value or not. This is not the point we are talking about now, that we sold it and this investor will milk us. This is the right way of thinking? Oh, okay, do we, the poor country, do that? No, what did the other country do? So what should we do? You have to think about why the investor will take

14:56 this money? I mean, at the end of the year, the investor has a bag of 100 million pounds, for example, and I have 100 million pounds. Why would I take them out? They are 2 million dollars. Why should I take them out to my parent company ? Why does he want to send them to the parent company ? For example, he will withdraw his investments from Egypt. He wants to take his profits from Egypt, and he opened a company in Saudi Arabia to take profits from it. He is an Italian company, for example, and he opened a company in the Emirates. He will take profits from it at the end of the year, and he opened a company in Turkey to take good things. He will collect all the money in Italy. What will he do with it? In the end, he will definitely do something with it. What will he invest in? In a good place? So, your role is to be the place. Meaning, at the end of the year, I have this company that

15:43 made 100 million, and it wants to transfer the 100 million. My role as a state is to make the Egyptian market attractive to them, or it is economically attractive, in order to entice them to reinvest the 100 million dollars in the market. Rather, they go and withdraw their profits from, as we said, Saudi Arabia, the Emirates, Turkey, and Morocco, and bring me the profits they made abroad and invest them with me. The quarrel is in investments. So, you know They are tempted to bring anyway. These companies operate in many countries and make profits from each country. The amount of money for each country is small, meaning it is not enough for him to invest heavily in this country. Usually, they go and gather them. He works in 10 countries,

16:28 gather them, and invest them in two countries. Your cleverness is that you become one of these two countries. If you are not one of the clever countries and you are sitting around, not knowing how to convince him to bring you money and reinvest his profits with you, then that is whose problem? Is it your problem or the investor's problem? The man wants to work, meaning the man doesn't take the money because he wants to do like Uncle Gold and put it in a safe and keep jumping and swimming in it. He will collect it and invest it. You don't know how to convince him. So whose fault is it, you or the investor's? Of course, it was your fault, I mean, it doesn’t make sense for the investor to make a mistake, I swear, because this is the basic solution. The solution is for you to point out that the countries you are responding to do it,

17:17 that they start first, if I gave you incentives, they would agree with you on agreements, meaning, you will come, uncle, the countries, the country next to me, this one is doing it, it pays 10% taxes, like India is doing this now, of course, before the Trump issue, India, India used to do this move with the companies, the companies in China, I mean, once India held a conference in which it invited 1,000 companies that invest in China to come to this conference in order to convince them to transfer their investments to India, so what is India, what is it? Come to me, of course, about a week after this conference, Chinese soldiers clashed with Indian soldiers on the

18:05 border, and China struck India and killed about 30, 40 of them. This talk was about two or three years ago, not a long time ago, I mean, India, China is teaching them this, what is wrong with what you are doing? This is ill-mannered, so what you want will ruin this investment, that’s what I mean, the one who has the money, I am not the king. The one who has the money, you will come and tell me, “No, for him to invest with me, he does this and that, not to come to you. Why are you going to insult me?” I mean, are you the only country in the world, or am I? For me to come, to bring civilization and 7,000 pounds, I will come to you as a tourist, I will come and look at it and leave, but I will not put my investments here. You will come and tell me, “No, you will come to me and open such and such a company and do such and such.” No, there is no such talk. I will

18:53 come to you and do what I want in the place you want. You will come to me and so on, and you will not transfer your profits. What do you mean, I will not transfer my profits? I will earn at the end of the year and I will not transfer my profits? Okay, for how long? For three years. Umm, okay. In return for what? He is negotiating with you. I mean, he is negotiating with you. In the end, this is how clever you are. You negotiate next time. If you fail at negotiating. This will be not a defect in the investor, I mean, what am I doing for you? Foreign investment in itself is good, but I mean, you have to put some things in place to convince him to come again and invest. I will give him incentives in exchange for certain things. I mean, I will not make you

19:41 pay taxes for 10 years. In return, for the first five years, you will reinvest your profits. I mean, I will not make you pay taxes, you will earn money. A lot of money will be reinvested in the country. What is this? You are making a profit, you are earning. You were making 100. Will you give me, as a country, 25 million of them as taxes? Now, no, your 100 is just their work inside the country. What do you think? I left you the five, my two as a country, right? So, you convinced him to work. You agree with him, for example, come as a car company. Come, you want to assemble cars. Come, yes, I will make an agreement with you for a period of five years. For example, I want you to increase the percentage of local components within five years, for example, from

20:27 40% to 60%. The company says, “Okay,” in exchange for what is always in exchange? We might know the exchange or we might not know what it is. For example, Samsung assembled the S21 Ultra in Egypt. Of course, Samsung took what the exchange was for. We don’t know what it is. What is the reason? Your entire market, in general, is how much? Egypt is a country that consumes a lot of phones. Egypt consumes around 20 or 25 million phones a year. I don’t remember the number, between 20 and 25 million phones a year. The high-end ones do not exceed 2 million. The 2 million are around a million or more, and there is less than a million left. This is Samsung and all the

21:14 other companies. So, the one that is Samsung will write “Egypt” because at the end of the year, Egypt will consume 200, 300,000, 400,000 S25 Ultras. What about Saudi Arabia that consumes more than that? I will open a factory in Saudi Arabia, but No, there is an agreement. There are other things that are being done in your response. Other things, by the way, you can do things for the investor. It’s not that I go and tell him, “No, not at all.” I go as Egypt and make agreements with other countries. For example, Egypt is doing, you know, of course, European cars don’t pay zero customs. This agreement isn’t that European cars when they come to Egypt don’t pay customs. What is the product or products manufactured in Europe? In some cases, in several areas, those that are with the Euro 1 and

21:59 they come into Egypt, customs are not acceptable. This agreement is going back and forth. I mean, when Egypt makes things and exports them to Europe, it doesn’t pay and it accepts customs. What is our problem? That we import and don’t send them? This, in turn, will be a problem. Whose agreement is it with Europe? Did anyone tell you to export? Someone will export to me. For example, we have the Agadir agreement with Morocco. The Agadir agreement with Morocco is that Morocco can export to us cars and other goods. Of course, Morocco was still… There is a quarrel with Egypt because we have stopped importing cars from Morocco. Morocco does not know how to export cars to us, while Morocco is importing from us. There was a period like this, and a caravan stopped. All shipments came about three months ago. All shipments coming to it

22:46 from Egypt were stopped. Goods from all merchants, fruits, oranges, and I don’t know who, and clothes. All of this has stopped. Why is there no Egyptian obedience inside? Am I the only one who imports? Why don’t you import as well? Why did you make an agreement? Anyway, we don’t want to get lost in ourselves. Why are you, as a country, going now to sign agreements with other countries? So when the investor comes and says to you, you guys are going to make me pay taxes, yes we will make you pay 20% taxes, yes but what is it? He will say to you, no, well next to you, next to me, for example, Saudi Arabia will let me work and I will not pay, I will not pay any taxes at all, for example, or Jordan will let me work and I will not pay any taxes at all. Yes, okay, but there is one thing,

23:32 which is, I signed a free trade agreement with, for example, 100 countries, meaning if you manufacture there, you will export to 100 countries without customs, but for example, Jordan has signed agreements with only 30 countries, so when you manufacture, you will not only target my market, you will target the markets of 100 countries. So it will be, it will be like this, incentives for the investor to bring him in, to bring him in, and what is this investor like? If he works for you and earns good money from you, why wouldn’t he work for you again? But when you bring him in, you bring him in after So he comes and says to you, “I want to transfer my profits.” He wants to try to make his parent company’s profits in it. He’s not afraid. He wants to transfer profits. You

24:18 tell him, “No, by God, we don’t have any dollars. We’re closed now. Transfers are closed now. No, transfers are working now. Anyone who wants to transfer something does so. The banks are working. But what we did with the companies, for example, on the 22nd, 23rd, and the first 24th, the companies are making profits and want to transfer them. They say, “No, there is no.” What do you mean, “No.” So, what do I do? We sit with them and tell them we want to increase investments. Increase what? I’m crazy. The one who enters doesn’t know how to get out. What is it? One way or the other? Yes, entering for free. Exiting with money. One way or the other. Okay, let’s look at the account. How much is it now? Yes, we’ve passed half an hour. That’s it. As long as we’ve passed half an hour, let’s look at the comments. Let’s summarize all this talk before we go in. Let’s look

25:04 at the comments. The bottom line is that foreign investment is important so you know how to do it. Industry must bring foreign investment. It must bring foreign investment. It will depend only on China, which has become apparent. All of this has become apparent with foreign money, including Apple. I mean, you have Apple and you have Tesla. They entered China a long time ago. It was open. Amazon entered. Come on Amazon, open up in China until the Chinese companies learn from Amazon. Amazon works. One groaned and said, “Well, by God, what did they do to it?” The Chinese websites, whether from Alibaba to Timo, all the other things, they satisfied Amazon and drove it out of the market. Come on, what is it, for example, the car companies, Volkswagen and Mercedes, we don’t

25:51 know. Come on, what is this? Let’s learn how the car is made. They do this. Yes, we satisfy them and drive them out. The companies don’t know, and they are coming. No, they are coming to take money. I mean, they will profit today. Maybe they have hope that you don’t know how to find me. They are companies that look like this, and they usually can’t, but The Chinese were clever. In order for you to do this today, Egypt had a plan. Last year, our non-oil exports were $40 billion. The government is supposed to say that they will be $20-30. How much? 112.8 What is the exact number? 112 or 118.2 Two things like this, meaning there is a decimal point, meaning in the expected exports, this number is impossible to reach. It is, anyway,

26:37 this number is impossible to reach, but it is impossible to reach it with the local efforts that we issue orders to such and such party, build a dairy factory, you build a car factory, you do this and that. Okay, okay, it is impossible. It is impossible for you to reach it. Why? Because of all the companies that have invested in Egypt, for example, the wisdom is 35 billion dollars. If you collected this number, how much are you talking about 1600 billion pounds? Who invested 160 billion? 160, yes, 160 billion dollars. You buy with them Ezz Steel from Etisalat and another company. You will take Ezz Steel from Etisalat approximately, and you can buy other things with 160 billion. He tells you 1600 billion. The entire Egyptian Stock Exchange is originally worth maybe two. Do you believe me? Can I see it for you? The Egyptian Stock Exchange is

27:24 worth how much? Wait. I mean, I mean, we said that the head of wisdom is 1600 billion, right? The value of the Egyptian Stock Exchange as a whole, by God, came to me in countries. I really want to see how much it is now. The Egyptian Stock Exchange. What is the capital of the Stock Exchange, guys? Where is the one who can’t find it? Wait, I can’t find it. I can’t find it. Come on, I mean, but I think it will be around 3 trillion. I mean, the head of wisdom buys half of the Egyptian Stock Exchange alone, not specific companies. No, no, I will go buy half of the Egyptian Stock Exchange. I mean, something like that. I mean,

28:09 buy. I do n’t want to waste time. I don’t want to waste time. But what got me curious? I was bringing it from here. [Music] I don’t remember, I don’t remember. But anyway, in conclusion, as we said, the market value of the Egyptian Stock Exchange is 2.2 trillion, 2.2 out of a trillion. We said that the head of wisdom is 35, and the dollar today is 50, but 7. I mean, we are 2200. The Egyptian Stock Exchange is 2200. The Emirates put In Ras Al-Hikma 1705

28:56 175 you buy approximately 80% of the Egyptian Stock Exchange. Is there an investor in Egypt who tells you that Egyptian investments are doing what they are doing? I mean, their value is all 2200 billion. 2200 billion is the value of all the companies in the stock exchange. The market capitalization of the Egyptian Stock Exchange is 2200 billion. How much will they gain at the end of the year? 300, 400 billion, 500 billion. I mean, how many of these? I mean, 10 billion dollars. I mean, any investments abroad can bring you 20 billion dollars, which is greater than all the companies that gain in a year. So you will know how to gain it, but you entice them to come again, that they do not leave, that at the end of the year when they gain, they find that your market is good and they continue with you. Otherwise, they will milk you. They will milk you.

29:43 If they milk you, you are the one who is wrong. The fault is not with me. The fault is not with them. Sorry, I will return to the comments and we will see them because we have taken too long. Oh, he is not originally There are basically five comments, a few comments anyway, it's good, it doesn't matter, the voice is nice, I don't know who the fan is, no, the comments appeared, yes, like this, so wait, let's zoom zoom zoom here on Amina's leg, if anyone knows her, I mean, the one who is zooming in on Amina's leg, that's it. Okay, what is the impact of the war between Iran and Israel on the global, Gulf, and Egyptian economy and the dollar? Okay, wait, let's drink some water because what am I? This question is Raghib and I, I mean,

30:40 okay, look, it's none of our business, or I mean, let's take turns. Iran and Israel are hitting each other now, what's the concern? The concern is not about Iran and Israel. Iran and Israel do not influence the global economy. I mean, if Iran and Israel disappeared tomorrow morning, the global economy would not be able to recover. Why is the world on fire and the stock exchanges? Who knows who and what about gold? Because the concern is that the issue will get bigger, not the concern about the war between the two of them igniting it, I mean, is it actually that they will ignite it, I mean, but the concern is always that the crisis will get bigger, why? Because if you make the issue bigger it will go to another place entirely. The Gulf, if Iran imagined closing the Gulf and

31:27 this law doesn’t mean that they can theoretically, but it means that this is a suicidal step because closing the Gulf means that the barrel of oil, you know how many times will the Gulf economies encounter major problems? If you close the Gulf, it will all go to war. A large-scale war is the problem. The concern is always that the war will expand, that America will attack Iran from its bases in the Gulf, so America will go and respond to the Gulf states and attack the Gulf states, and they will also enter the war, so they will attack each other’s oil facilities, so the oil will be ignited. And what if the oil is ignited? Oil is what powers everything in the world. How do all of China’s factories operate? What is oil, I mean, and coal? China generates most of its electricity

32:14 from coal. A very large percentage of its electricity comes from coal and oil. But what are all the cars that run in the world? Petroleum, forget about electricity. You will tell me that electricity is in my eyes. Bring me the electricity, sir. Bring me the electricity. The electric car is beautiful. It is nice. Where did its electricity come from? The main generator of electricity in the world, we said coal, natural gas, solar, diesel, and so on, oil, but you say to me, my car is electric, okay, your car is electric, I say to him, how will we generate this electricity for you? Egypt, here we are, what is the problem we have now? 80-90% of our electricity production depends on natural gas, solar, and diesel, so the crisis in Iran is that the war expands, but if

33:01 Iran starts firing missiles at Israel like this, and Israel starts hitting it with its aircraft, and they fire missiles at each other and hit each other with their aircraft like this, for the next year, no one has had an expansion in the war, nothing will happen, but it is unlikely that it will continue like this, why? Because after a while, Iran will start saying, “No, I will strike more violently,” and if it strikes more violently, Israel will not be able to stop all of this. We are seeing families, and Israel does not know how to stop all of these missiles. America will be forced to enter Help her, even if America entered, it helped her. The issue will leave her. That's why the Gulf keeps raising its hands and announcing that it has no relationship and does not participate in anything. I have nothing to do with it, Lamby. Because if this enters, we will deny it together. If we go together, what will happen to us in Egypt?

33:49 Basically, what is your problem? First of all, in oil. Do we have Egyptian self-sufficiency in oil? No, our current oil production is the lowest Egyptian oil production since the era of Sadat, since the end of the seventies. It hasn't happened that we have dropped to these levels in oil for approximately 40 years, or from 37 to 78, approximately something like that. Yes, we are entering 50 years. We are entering 50 years, and Egypt's oil production has not reached this low level. We produce approximately 400,000 barrels or 500,000 barrels. And from negative 800, then you have 300,000 barrels every day. You You import them, so you come and tell me, what are you approximately like this,

34:37 and what are you, let's assume that it is 500, I produce 500, 250 belongs to the foreign partner, so actually, actually, Egypt produces 250 and 500, we only pay with the global liquid, so if the global price is high and I burn it daily, we say our 250, man, we will take them and give them to the people for free, ours is 250, but in their weakness, we pay to confuse them with the global liquid, so I say to anyone, our gasoline is supposed to be more expensive than the Gulf, he says to you, why, sir, why? The Gulf oil is all its, so its cost is less than your cost. Two-thirds of your oil is imported, whether imported internally from the foreign partner's share or imported externally as an explicit importer from abroad,

35:24 then two-thirds of your oil is imported. Make it 100% local oil, so his cost, if he wants to put it, I am a donor, it is the cost of extracting the price The machine's rotor, the price of the well driller, the men's salaries and tea and all that talk. First of all, oil will explode. This money needs dollars for all of this. Where does Egypt get its dollars from? The first source of income for Egypt is tourism. No one comes to melt in countries that are at war or are near war. But in the case of Egypt, it is possible. But it is possible for tourism to come. Another major source of income, or larger than tourism, is the remittances of Egyptians abroad, who are the ones who are sitting in the Gulf, which is fighting in our scenario, which is fighting. Yes, the one who does

36:10 n't have oil. Yes, the Gulf without oil wo n't be able to live. So, what will it do with the workers? Will it make them go? The workers will sit next to us. So, Fadi, we have oil, the dollar is expensive, oil is expensive, and our dollar resources mean that our dollar spending has increased and our dollar resources have decreased. So, it will be something obscene. So, no one wants to go to this scenario. No one wants to go to this. Suicidal scenario, you mean you’ll tell me if a comprehensive war broke out in the Gulf and the entire Gulf and they hit the oil refineries and things like that, I’ll tell you, sir, the dollar could be 200 pounds, that’s it, any number, you’ll find it, and then what will the dollar be? We’ll just sit and talk, what do you think? What will we do about food and drink?

36:59 I won’t be able to get gas because there will be a global auction for the gas. The largest producer, or the third largest producer, or one of the largest exporters of gas in the world, Qatar will be trapped inside in the Gulf, so the Qatari gas will leave the market. I import gas, we need gas, so we won’t find gas. What do we do with this gas? We make electricity with it, man. I’ll cut off people’s food, electricity. The gas goes to the fertilizer factories so I can make fertilizer for the plants. So right now, today, Egypt is closed. All the fertilizer factories in Egypt are closed today. They’re closed for 14 days because there’s no gas. So we They closed them temporarily. Imagine you closed the fertilizer factories. There is no fertilizer. You mean you need fertilizer? In fact, before they invented fertilizer, we would plant the seed and God would honor it and it would sprout. If any of the

37:46 farmers hear me now and say bad words to me, what will happen? No, things will happen. I mean, Plus 21 or Plus 25. Yes, the sound is good. By God, the good thing is, thank God. The diet is working. You know, the grades are clear. Yes, by God, thank God. In 40 days, 8 kilos in 40 days. Yes, the sweetness. The companies were sold and the proceeds of the sale are paid off with loans. So, we are washing the national companies without a filter. You don’t need national companies. You don’t need them anyway. We are working in a national company. By the way, we are basically… Let’s talk about oil, oil, countries, Egypt. Oil management scenarios. There

38:32 are three scenarios operating in the world. Basically, the first thing is the Gulf scenario, which is that a company like Aramco Or the one that belongs to the Emirates, which is Damac, whose name is Black Damac, its name is ADNOC. A company is the one that emerges and we don’t know, and it is possible to just make a few companies like this. You will find Aramco making a few companies with Exxon Mobil, and for example, ADNOC is making a few companies with Total France. There are some things. I will buy some technology from you, but everything is mine. This is a scenario, but this only exists in the Gulf. In the Egyptian scenario, which is: Come on, come on, foreign investor, go into Egypt, dig,

39:18 work, and look for oil. If you find oil, then what do we start with? We extract it, and you will be the first to spend, for example, on drilling. X is good. You will get this X back over the five years. We agreed from the beginning. The oil will come out first. You will take a portion to recover expenses. Then the profitability. The half that comes out is half mine and half yours. We agreed. He says to you, “Honey, yes, we agreed.” It is very good. What do the companies do in this scenario? Or let's go to the third scenario and then play with other international companies operating like Uber, like England, they say to you, " Sir, come and dig the well, it's all yours 100%." ​​What will you get? We'll take taxes on what you dig and export. I'll take 30% from you in taxes,

40:08 for example. By God, what? It cost you a dollar. It cost you 100 dollars. I have nothing to do with it. I'll take it. You sold this barrel. Today you extracted 100 barrels, 1000 barrels. A barrel costs 70 dollars, meaning 70,000 dollars. I'll take 30% from you, meaning I'll take 21,000 dollars from you. These 1000 barrels cost you 2000 dollars. They cost you 50,000 dollars. So when you pay me 21, it will be 71, more than you expect. This is your problem, you, the person. This is the model. We are Egypt, not Egypt with a model. We will emerge. And in the text we will see the expenses and deduct them and recover the costs of production and paying the construction costs in these things we deduct them and the rest is divided in half. So the companies come to work

40:54 with countries like us. What does the company come and go to a merchant from another company of its own? Like a driller who goes looking for gas in the Mediterranean to develop that driller, we are renting it for a million dollars a day. It keeps searching and searching and searching and searching for nothing or not. Anyway, where is the money going? Expenses were incurred on the well they were digging and it was going to the company. So, if they rented this driller from another company, would they have rented him for 200,000? Why would they rent the million? Because of their company, the companies start hitting the expenses. What are the expenses that are returned to them? We are the first to paint the well, and my concern is the well. The

41:44 method of 50 needs very strong supervision and to see every item that was spent. Is this really what was supposed to be done? Was it possible to spend less and they spent more, and this is impossible to do? So, for this reason, the countries, but England made them inflate this headache. It said to you, Pasha, spend as you spend. You want a merchant digger with a million wages. You want a merchant digger with 10 pounds wages. You want someone to give you a gift. I am the one who will take him out and I will take a fixed tax from you like this. That’s it. I have nothing to do with you. What are you doing and what you spent or what are you doing? But, for this reason, you say the companies. I want the companies. I don’t want them. The countries are not supposed to profit from their companies. The countries are supposed to profit from taxes. We have a psychological problem with

42:30 taxes, but in reality, the whole world profits from Taxes, but your role as a state regulator. My role as a state regulator. I am issuing laws and what I take, and companies work and compete with each other, and I collect taxes. But when I have a local company that I own, owned by a state, I am entering the market competing. Well, it is in my interest to help my company, and I will enter and compete. As a foreigner, how will I enter and compete? A state-owned company? For example, I am a foreign airline company. For example, I want to go and work in Egypt. How do I implement it? EgyptAir has airports. As a foreign company, when I come to land at Cairo Airport, they charge on the ground. But EgyptAir does not

43:18 charge on it. I do not know how to compete with it. There are no flying companies that will come. In order for investment to come to you, you have to open the market and collect taxes. You do not open a market and leave them. You collect taxes from all of them. But what are the industrial symbols that It is used for the symbol, but I am working on ChatGPT. I mean, what is this video recorder? Yes, the dollar recorder. Where is it going? Look, sir, today the dollar went up to 80 piasters. According to the news today, it was in the intra-bank market. There was movement today in the intra-bank market, which is an interbank market. Between banks, some of them buy between banks. This bank wants money. It tells me that this bank sold to me. The banks together today are 800 million dollars. The normal movement in the interbank market is

44:07 150 million to 250, let's say 200 million a day. So the meaning of this is that today, exceptionally, 600 million dollars were requested from the banks. Request from what? Foreigners, foreigners are mostly the ones who are supposed to have treasury bills that will expire tomorrow. They spent money today, about 108 or 155 billion pounds, and there are treasury bills that will expire tomorrow. Usually, foreigners have a third of the bills, meaning about 50 billion pounds. They took them today and deposited them in their accounts. It is clear that there are 50 billion, 300 billion pounds. Syrian, with the 50 billion, 30 billion pounds of them decided that they would go out in Egypt. They would not

44:53 buy a new treasury and withdraw them. So they went and withdrew from the banks. Syrian 30, 600 million dollars. Okay, tomorrow is a very, very important day. Why did we say today ? These are foreign investors who have bills. The time has come for them to expire. You buy them for three months, and you buy them for six months. I can even tell you the exact numbers. I mean, those that have expired. The day that was supposed to end, what they received today, a three-month period, these were the foreigners and the Egyptians. These numbers are foreigners and Egyptians. 92 billion in three months, 71 billion in six months, nine months, none of

45:41 them. 200 million and 4 billion. The total number is 168 billion pounds. This is almost all foreigners. This is what happened today. This is an example of what people’s money ran out at the time their certificate ran out. Forget about the big names and the nonsense. They bought a certificate from the bank. The certificate ran out. They told you, they told the bank that they will not renew it. In the end, forget about the terminology. They bought certificates and the bank said that they do not want to renew these certificates. So what? Tomorrow, tomorrow it will open, or is it essential today? It exists, but there will be no work from anyone. The foreigners will work in a secondary market. What is this secondary market? It has become foreign for

46:28 me. For example, an Egyptian like today, in two years. I will not wait two years. What do I do? I will sell it in the market? This market The debt market, which is the one who has debts, they sell debts to each other. So we will see tomorrow how many foreigners will sell. How much will the net foreign transactions be tomorrow? If it becomes clear to them, why tomorrow? This is important because it will become clear that those who have them, those who have the bonds that they will sell before their due date, be careful. They will find a time to sell them before their due date, and whoever sells before his due date will lose how much? Foreigners are ready to come out of their pockets and throw them away. Come on, man, what a loss, man, and let’s run away. So tomorrow will be an important day

47:13 because we will see these numbers tomorrow. If the number is big, it will happen. They will not sell the money. It will be deposited into their accounts according to the settlement. I don’t remember the settlement. You will find T Plus T, for example. That is, in two days the money will be deposited into their accounts. They will start withdrawing the money and taking it out. So you will find the dollar tomorrow, X, breaking 51. We found that they are selling naturally. Anyway, there will be selling, but natural selling, which is, for example. $100 million $200 million normal sales last Thursday Egypt received 400 million 400 from the market, meaning there are foreigners who entered the market. There are foreigners who sometimes enter the market to sell, sometimes they enter the market to buy. On Thursday, the most important foreigners bought $397 million

48:01 on Thursday, and last Tuesday they bought at 430. Last week, foreigners bought at 800. My voice was lost from all the talk. The cold weather has come, meaning one should take Panadol because tomorrow will be a very important day in determining the fate of the dollar. But in general, the dollar is under the ceiling, the ceiling, which is what we reached before, 51-70. We are still under 51-70. The world is still safe and will become clear with the developments. Is the war

48:50 gathering or expanding? Because what do these investors sometimes do? Sometimes they sell and don't sell, meaning he sold his bond today. He bought it for 1000 and wants to sell it now. There is a half-price fluctuation in the market, so he says, "I want to sell it." Someone bought it from him for 900. Imagine these numbers. But if the fluctuation grows, there will be a lot of people who will sell. How much will it be sold for at that time? At 700, some people say to you, "No, I will sell today." Here it is at 900. Wait, the anxiety is over. I went and bought it. The anxiety will not end until the world collapses. So, I sold at

49:36 the high price first. Thank God, we escaped from them. So, it remains like this. It does not mean that foreigners sold that they left Egypt. Pay attention to this very important point. When we say that foreigners sold today, for example, in the secondary market, if we assume that they sold 300 million dollars tomorrow, it does not mean that 300 million dollars left Egypt. Okay, they could have sold and stayed in Egypt, leaving the money behind. They are ready. I will ask a few questions to try to conclude. Will the gene go down or is it stable? It will go down in the scenario that I mentioned. It will appear tomorrow. From tomorrow until Thursday, the world will be clear in the war and in the market that is happening. The stock market in light of the circumstances. The stock market, may God have mercy on it. We will not

50:22 need to think a lot. What is the stock market going down? You are buying shares in oil. What do you want to buy? I mean, barrels? Buy, sir, barrels. What is the problem ? If you think that the war is going to break out, buy, go in, buy, go in, buy oil. What are your energies? Is there an emergency plan to reduce the loads? The plan to turn off the loads will start tomorrow. The person expects it to start tomorrow. We do not have enough diesel. We are currently working with diesel. We do not have enough diesel. I, as Mohamed Sami, expect it to start tomorrow in an hour. It will start to be implemented in the less disturbed areas, which are the villages that I do not know who, things like that, but they will not go and

51:10 do it in very vital areas. These people are annoying and they write on Facebook and curse and it will be There are influencers and celebrities and so on. We want to hold on to the poor, we cut them off, but if you pinch them for two more days, the poor and the ones who are not poor will be cut off. What is the news about the gold market? Tomorrow, gold will go up. I ran, I ran. Someone wrote to me, by God, the port number. What are your expectations? Someone wrote to me at that time, 2, which is the trillion, which is the value of the stock market. Your expectations for the pound, will it happen? There is no, no, there is no such thing as floating. You are floating, the

51:57 dollar is moving. This is called floating. Floating means it moves. In Egypt, we have become everything. What is this? Its name is floating. Floating means what? There is an injection of dollars into the market from hot money, just as happened in the past weeks. The dollar goes down, there is a withdrawal of dollars, just as happened today. The dollar goes up. This is the natural movement. This is the economy that is supposed to happen. But what we did in Egypt before, we left it fixed for three, four, five years. This is called something we shouldn’t talk about. What do you think of the difficulties facing agricultural investment targeted for export? I have no experience at all in agricultural investment, unfortunately, I don’t have this field. I mean, if you want me to give a fatwa, I can give a fatwa

52:43 another time, but this video is very long. You know us, any Egyptian gives a fatwa. I mean, it’s in our genes among Egyptians. Mr. Mohamed, it’s shameful for Arabs to make dairy cartons. By God, you’re very handsome. Do you think that the old regulations will actually be abolished or will there be something like the old regulations like every time? I don’t know what these old regulations are. On the occasion of something like the health sector’s shortcomings, we want to know if this is good or not. This is my dialogue. Leave it in. Excuse me, I’ll go in. Leave it in something else. According to the plan, Egypt’s national product will be 600 billion dollars. This means that with the increase in the population, there will be no improvement in the standard of living. Is this true?

53:29 By God, the 2030 plan is the government’s I downloaded it and deleted it, so leave it, yes, away from anything. My money is in the stock market. I will get it in September. After that, what will happen? No, wait, no. The subject is definitely not going to continue. The war is nine. I mean, are n’t these fertilizer factories taken by the Gulf? Yes, the Emirates, which has factories, the fertilizer factories that we laughed at? The subject that the company is trading drilling equipment from another company within the same group, this is known tax-wise and has reports and studies. Sometimes it is not

54:15 part of the same group. I mean, it is for it. You can, of course, not me. I am giving an example. I am giving an example that you don’t necessarily have to be the same group. It is possible for another group, but it belongs to us by name. I mean, between us and them, for example, work in another country. I mean, for example, between us and them, a partnership in some things. As for Freelask, is the tax on half of the total income real, or are they trying to make me wear it? You mean, what is the name of this law? This new thing, what is its name, the new tax levies?

55:02 No, it is. You are actually tying it to a specific category. Can I make a video about this topic? You are tying it to a specific tax category, and this is what you are actually accountable for, but for a period of five years. Okay, after five years, close it and open another company. I mean, I don’t need it. I mean, a very strange question. You have tied yourself to the highest category and you will get out of the five. You will come out by starting another company again and distributing the work between the two. Iran has hit Manah, Haifa. May God set them on fire. I mean, oh my God, it actually started today in the villages. The information that came to me was leaked and it started today, but I said I would tell people tomorrow, I

55:48 mean, to give them hope. But I know that the decision has been issued, that at the beginning of the application, the old rents. No, the old rents. The old rents. As I am telling you, in the countryside and these things, it will start with them. It is better to come out. He will keep expending your strength, what will this war end in, by God? Look, if I think as an Egyptian, I have two things, as a Muslim and an Arab, who care about Gaza, so I want them to keep hitting each other and gouging each other’s eyes out. They are both Iran, which has humiliated the Muslims. In Iran, people think a lot of people don’t know that all of Iran is Shiite. In Iran, there are Sunnis, and the Sunnis are expending their eyes on Ahwaz and the things in Iran, and the Sunnis in

56:34 Iraq, and the Sunnis and the humiliation. The people in Syria, Lebanon, and Yemen, in five countries, have had their eyes pricked out. And Israel, of course, we don’t need to talk. I mean, we want these two to keep hitting each other until this point. It’s just the other side, if I think about the traditional Egyptian genes, which are we want to eat, drink, and sleep, we want the war to end tomorrow. So you should see what your priorities are. Is your goal in life to eat, drink, and sleep, or are there other things that you see as more important than this? You know, Zoom in on what? My man is safe? Oh thank God does anyone know? I came out not to know

57:21 what is the maximum expected rise in the gold market. What are these rises? Are all these rises related to the war? You will talk about the rents? I didn’t talk about them before. These rents. Oh, I have made long posts about them. Oh, depending on what will happen in the war. Up until now, gold hasn’t moved. Excuse me, what does it mean? It came out at 2%? This is 1%, 2%, guys. There were days when it came out at 3%, 4%. There were no wars on the planet. I mean, there was a war and you find 1%. This is empty talk, man. Look at the price of oil, don’t look at the price of gold. Gold is your last resort. Why do you save it with you? You have money you want to save, but this oil is what will bring you the price of gasoline, the price of transportation, the price of electricity,

58:09 everything. These are the ships that we rent. They bring their gas. They come with their gas. Oh, no, the ships that solve the problem. No, their role is that this ship solves this problem. It comes. It stops with you and connects to your network. A second ship comes and stops next to it. It has gas. It takes the gas from it. The issues are put in the machine, it is decomposed, it is converted into gas and it is fed into your pipes. The bonds, EGX, the Egyptian Stock Exchange website. Go to the Egyptian Stock Exchange website above. You will find something called market data. From the market data, you will find something called investor categories. Then you will go to EGX, the Stock Exchange website, market data, investor categories. You will find the numbers of those who

58:54 sold today. How much? But if you mean, but if you mean, how many billion were the bonds? When was it finished? This is the Central Bank website, CBE. You will wait for this topic, and God willing, it is related to taxes because I will not put my money in through any official readings because I am afraid of being trapped. No, the new law does not contain any traps. I mean, but for a period of five years, I want UPS. No, by God, it will not be UPS. I would have brought a reserve in order to We will be upset in the coming period regarding the old rent, and as long as the man said it three times, I mean I need to go and look at the question, if there is something that can be answered in a minute, I will answer it, and then the

59:41 rent will be canceled, it must be canceled, but it will not be canceled overnight, meaning that a gradual law will be put in place for them, for example, five, six, seven years, or the law will be put in place with the death of the current tenant, the current tenant, who is whoever he is, is the son of the original tenant, the grandson of the original tenant who is currently living in the apartment, with his death the contract will be terminated and we will extend the rent for a year, and with the death of the man who is currently living, the contract will be terminated, it will be this way or that, but not the old system will remain working, that’s it, but like this, any other questions, how do we stop it? We will go there, you press the screen, okay?

1:00:29 Thank you guys, bye, there were a few With us, I didn’t look once. I looked. 117 people, my brother, are very nice. Peace be upon you. Peace be upon you. I’m now in. You will find that no one will be sitting here. X- Stop. Yeah.