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0:02 Peace be upon you, welcome to all of you who see us from Cairo and the governorates, our brothers and sons working and residing abroad, welcome to the dollar, all of it, yes, all of it, from the scale’s pan or both pans, no, you have a scale, the Prime Minister in a press conference does not announce the scale, but rather announces all of it, one pan, all of it, the dollar is the one who announces it, I mean I am not the one who came for a while, I look to talk about this subject, we went around and around, we went to Iran, we went to Israel, we went to many places and we came back after a period of time and we found the same conferences every Wednesday with the
0:49 same elements being said, the first element is that, gentlemen, the dollar is in the pan for the fourth month in a row, the Prime Minister announces that the dollar is in the pan, yes, all of it, what are Egypt’s needs from, where does it get money from, you are supposed to tell me that when I have a 77% jump in remittances from Egyptians abroad, then I have a surplus, it is not enough, you don’t say the dollar is in the pan, you tell me the dollar is full, then the normal news is not news, I mean if you wake up every day and go to work,
1:36 then tomorrow You go to work and you don't come back. But I tell you, tell me how your day was. You tell me you went to work. We know that. Every day you go to work. But the news is that the dollar is abundant, not enough. It's enough. It's normal that it's enough. But the dollar is abundant. That's what I'm saying. But I have surpluses or increases or jumps in the exchange rates of Egyptians abroad by 77%. And you say the dollar is abundant. Well, suppose there was no increase in the reassurance messages that the Prime Minister always talks about the dollar being abundant, even though this is supposed to be the talk of the Central Bank Governor. He wants to put the dollar at the forefront most of the time in terms of capacity in response to what he used to do previously
2:24 when there was no capacity. This capacity is from loans. This capacity is from the head of wisdom. This capacity is from the promises that are supposed to happen through the lands of Ras Shugheir and Ras Banas and others. This is the first item. The second item that they repeat and repeat and increase is that the electricity will not be cut off. We brought the gas for the two ships and they arrived. No, we are hedged. For a year and a half we have been buying. The electricity will not be cut off, but nevertheless, yes, we will remain on the electricity rationing plan. So why, why, sir? What do you mean by this? I mean, sir, if a war broke out between Iran and Israel or vice versa, he made an electricity rationing plan. The
3:11 war is over. He told you that he will continue with the rationing plan today. So why, sir? I don’t understand you, frankly, I don’t understand you. The plan was made for the war between Russia and the war between Iran and Israel. The war is over. You tell me that I will continue with the rationing plan. You are supposed to cancel it. And then you say that the gas came, the ship came, the dollar came, the diesel was ready, and the world, the heaters, and the nannies will all work on the gas now, man. So, what makes you continue with a plan in which you fight the kettle, you fight the kettle, you fight the boiler? What is this talk? And you fight riding the elevator and running the air conditioning, why? And darkening the columns? It is not
4:00 acceptable, sir. Your Excellency, today I will hear his voice now telling you that we will continue with a rationalization plan. Why is this? It is called an emergency plan and this is a decision of the emergency committee regarding the war and monitoring the war and the war crisis. Secondly and thirdly, we say that Iran did not cut off electricity and did not raise its price. Israel did not raise electricity and did not cut it. The two countries that are fighting, you come and they have finished. They do not have rationalization. Guide me and I was fighting with them. What is it to me? Give me another item from the items. The third item that all of Egypt is holding on to each other. I talked about rent, new rental contracts and old rent that will expire and who will hold on to whom. He told you no, we will return it to Parliament and they do not know where to hold the reins. The problems began to increase.
4:48 Big problems began between tenants and landlords. The violence increased. This one said a word and this one said a word and this one here and this one brought here. The world was turned upside down. Suddenly, this law has a transitional period. We are talking about This law has a transitional period upon which the relationship is liberated, but this does not mean that there will be an expulsion. No one said at all that there will be an expulsion. The building is owned by you, not yours, so that you can rule that there will be no expulsion. The owner said it came from a resident who has been in the country for 30 or 40 years, and he has put his eye and the eye of his family out. So, it is
5:33 believable that in this type of dialogue they forcefully expel the family by the drop, by his friendship with thugs or a trustworthy person like that or someone who practices this practice. He practices this practice and sits and measures it by the verse in pounds and millimes. If he paid me every month instead of 50 pounds, 5,000 or 500 in a year, in two years, in 10, multiply by how many months in a year? Oh, all this money, you dead man, I will go out and bring the family and expel them. The state is not the one who will expel, but the atmosphere will not be completely agitated. Yes, but it is a push in the direction. We will take our rights. Umm, and then sir, people will really fight each other because of
6:19 this law. Tell me, man, come on, he'll be evicted. But there will be a liberalization of the relationship, and thus there will be another form between the landlord and the tenant. This is a very important point governed by the existing procedures and the most important organizational procedures. We, as a country, are moving to make things available. During this same period, there will be alternatives for those we can call those who can't find a place for themselves, special cases. And thank God, this is being achieved through the housing programs that the Egyptian state is doing and implementing on the ground today, so that there will be a
7:06 priority for some social cases. He couldn't specify a number and he couldn't specify specifications. What are his specifications? The citizen who will borrow from the king will borrow from him and liberalize the relationship with him and he will be unable to afford it, so the state will take him as a reinforcement without compensation. What are his specifications? For example, if he has a car, what if he has a restaurant where he makes his living? Is that okay or not? The restaurant sells and houses what they can't find to eat. What are the specifications of this incapable or poor citizen? Then the state will take him and put him in its house or in one of its apartments for free. The state has not been doing this for 20 years. This business has stopped.
7:53 This talk no longer exists. Well, at a symbolic price, how many years and you throw it away too? All this talk is not wanted at all, especially those who may not be able to pay. I mean, there is a chain of liberating the relationship so that they are able to pay the price of the rental value. They have priority in some of the calamity that is being implemented on the ground. All of this today exists in this matter that exists in this matter. Your Excellency, I would also like to reassure the Egyptians. How many of them are Egyptian financial resources going very well? The dollar for the month of May. In fact, it was the fourth month. The Egyptian state is able. The local resources
8:38 of hard currency meet the uses and spending of the state on all its needs. God is the greatest. He told you that the state is able and that its dollar, ah, from within, locally. Enough from the outside, enough from the inside to the outside. This way it will be very, very nice. It is nice like this and we have dinner. Let's go to sleep now. 100m. What are its local resources? Tourism, the Suez Canal, exports, remittances of Egyptians abroad. This is very nice from the inside to the outside and from the outside to the inside. This word is correct. This is the most accurate. This is the most accurate perspective of the dollar in Egypt. There is
9:26 nothing more accurate than this. Dr. Madboul, because he is an engineer, narrowed it down to the end. He made an operation to narrow the perspective. They brought it to the end. They tied it with an English key. Why? I am originally a guide to the end in educational and health services. If I were to satisfy them, I would satisfy the demand for the dollar for them in order to increase the conditions for providing an infrastructure for artificial intelligence, for example, or for treatment or something like that. I would have a dollar deficit. At that time, it will not be enough. I am forced, in order to show that the dollar is sufficient, to remove a number and a necessary amount
10:14 from the demand for the dollar in order to say that three are sufficient. Three, I brought 3 billion. And you spent 3 billion, thank you, but you were supposed to spend four, but you removed 200 million, which was for education, and 200 million was for health. I was going to buy computers, for example, tablets, cables for I don’t know what, computer labs, improving the internet speed, school meals for children, school uniforms, a gift from the government, schools for I don’t know who, places other than empty talk. You need wood and tinsel for a government university to develop it. You don’t do all of this at all in exchange for providing the amounts so that we can say that we all have dollars, the entire country is capable. The word capable means that it
11:01 extends its hands and brings from the lion’s horn, meaning it works hard and toils in order to be capable, which reflects capability, but rationalization is not the ability to reveal, not the ability. You clipped the feathers of the pigeon so that it wouldn’t fly, it is not capable, but when it flies for two hours and lands, its chest is still not scratched from the speed of the wind, nor is it capable and standing on its feet, not walking on the cage of its chest like that, the pigeon that belongs to The race remains this capable pigeon has the ability, trained correctly, has had the right experiences, and has arrived at the time of need, with enough ability. But ability is not that I sit and see
11:49 what is required and cut from it. Teachers who need missions abroad for development. No citizens who need treatment at the state’s expense abroad. No necessary equipment and taxes for government hospitals that will be brought in dollars. No. This is not ability. This is an escape from responsibility. Save and make the dollar all the way. Dispensing with many necessities will make you stay in it and you will be walking in good health, walking on the edge. But it is not ability. In this word ability, it means that the official has the ability to provide something large and strong with which he is able to meet all the demand without being limited by it. Enough with that, he borrows
12:38 to strengthen this ability as well. I mean he borrows. He just borrowed 25 million this morning because of his transportation debts this morning from the European Bank. There was a video before this, I hope you watch it. I talk to you in it about about 10 key points that happened today in the Egyptian economy, in 10 minutes, meaning everything in one minute, and look at it, it will be easy for you, instead of going around a lot, it is better to search, and this is a very reassuring thing that we have become able as a country to meet our needs away from any hot money, which was always raised by a number of experts that the country is still dependent on hot money, on the contrary, the country’s fixed and stable local resources have
13:27 become securing the country’s consumption and needs from the same local currency, away from hot money. As for time, once again, thank you. As for time, thank you, sir. Egypt will import liquefied natural gas between July and June of the year, July 25 to June 26, in order to meet the request not to cut off electricity, and this is an official statement today from the Council of Ministers. A decline in local production, falling to 3 billion 400 million cubic meters in April, compared to a peak of 6 billion 100 million in 21. I agree
14:12 with energy and trade companies for between 150 to 160 A gas shipment to cover the deficit. This is a demand for the dollar. This is a demand for the dollar. By the way, today the Prime Minister, in the story of evicting tenants, said seven years, not five. He said that we did not discuss evicting tenants after seven years. One of the first times he said seven years, see when people objected. The head of the tenants’ association was imprisoned. The tenants were given a two-year extension. They were given two years. They are determined. I hope, God willing, that they will be honest and succeed
14:59 in that. There will be no power outages, but the rationalization will continue. This is the point. A question mark, a big question mark. Will the rationalization continue? He revealed something to us today, which is that there are hedging contracts for these oil prices that we have been calling for all the time. This is a great deed that was done for a year and a half. A gas buyer will ensure that there are no fluctuations for us in the story of power outages. We hope that the gas will be pumped into the factories the day after tomorrow or tomorrow, starting Friday. Morning, morning, and this is also an official statement. These factories have been stopped for 31 days. 31 days. The factories are stopped because of the Israeli gas. The gas did not
15:47 come, and he says, “He wants us to give it to him or we will start bringing it in.” Of course, this will not make him pay. Algeria condition. I will go away a little from Dr. Madbouly and we will come back after a while because I have an important comparison between Egypt and Morocco. It will take a minute. 100 millionaires will emigrate from Egypt this year. 100 millionaires will emigrate and leave Egypt with 800 million dollars, meaning about a billion. This is Henley & Partners. We said the same thing at the same time. We found that the country of Morocco will increase. The number of millionaires in it will increase by
16:34 100 with 800 million dollars. What is this exchange? Why? Well, why are the millionaires in Egypt, the dollar millionaires, leaving, and why are the millionaires going to the country of Morocco? There is attraction and here there is expulsion, even though America did not hit our expulsion devices. We wanted it to be hit, the truth is, we want the expulsion devices that keep the economic environment in Egypt, someone can come and hit it for us from anywhere, God willing, Ethiopia, any dog that passes by can hit it so that we can be done with,
17:21 but why in expelling the 100 millionaires who have a billion dollars, part of which they put in the banks and the wheel is turning anyway, we are not our relatives, I mean, but this country will have millionaires, I mean it will be but it will be revealed, meaning the question is, what is it with Morocco that we do not have, and I am not saying this because I am saying it specifically with Morocco, no, God willing, 1000 millionaires from every country in the world will go to them, but my part is why is it decreasing from you, why is the environment repelling and expelling those who have money? Well, the one who does not have an expulsion for the millionaire investor, a millionaire in dollars, well, the one who is not a millionaire or a millionaire in pounds, he is a poor, miserable person, how does he work?
18:06 This is a report that should be dealt with officially and when you examine it you will find that it talks to you about the descriptions of the environment of the millionaires who will walk so you can treat it and make it full descriptions and Umm Kulthum sang it and you will find all these descriptions if you did it in a song then you have treated this issue perfectly so I will see this story because 22 23 24 Saudi Arabia and the Emirates took from you 10,000 from 10,000 to 15 or 17,000 companies now it is Morocco’s turn for the country of Morocco so you will watch a lot and you will find yourself sitting in it alone believe me the
18:51 Egyptian tourists are the largest number who visited Saudi Arabia 24 3 million 200 The tourists this is the data of the Saudi Ministry of Tourism you consider them Hajj you consider them Umrah you consider them songs and concerts you are free but the Egyptians 3 million and 200,000 Pakistan 2 million 800 then Bahrain Kuwait India Indonesia, UAE, Jordan, Qatar, Iraq, but the Egyptians are the people who have gone to Saudi Arabia the most, or they have visited those who are considered tourists to Saudi Arabia. Okay, man,
19:38 okay. The Lafandi who is still telling you, “All the dollars, all the dollars,” because Egypt is selling today a billion dollar bonds over three years to the Kuwait Finance House. What are they selling? Sukuk Islamic Sukuk These Sukuk are guaranteed by assets that replace previous assets or previous Sukuk are a type of advance something instead of it being a permit and short-term he wants to strike something for three years and then choose everything so he has to do something Islamic financing in order to bring him new money or it does n’t matter if it is Islamic financing or Christian or Jewish or atheist financing not the name is not the issue
20:26 but he wants want wants the billion from under the ground give him any description you dress him in a fez or a beret you take him off he is dirty it doesn’t matter to him I mean he is not coming sir he is not coming to understand he is not opening a tailor billions he wants a billion and that’s it he is not sick and then he says to you the dollar is enough you have already borrowed a billion you have already borrowed a billion you are well every year like this the beginning of the Hijri year a billion Sukuk every year and you are all well so he is playing around he is working Islamic he says to him come with you this one of us he works with very high interest I am coming with you he works with all of the It works for him, he says to him, "Uncle, this is regarding the bonds. It
21:14 won't make a difference to me at 8% or higher or more. But the point is that you have a source. There are a billion bonds. You are already borrowing and today you are presenting the fifth tranche to the state transfer fund. Also, in a statement by Khaled Abu Al-Makarem, head of the Export Council for Chemical Industries and Fertilizers, and these are the ones whose factories have been stopped for 31 days. Now he is saying that the work factories, the fertilizer factories will operate during the second week of next July and will gradually rise according to the quantities of gas that the government will pump. Egypt's fertilizer exports recorded a 2% increase in exports with a billion 112 million dollars despite the problems they
22:01 faced in April and May. That's it. That's it. So, for your exports, you will give them gas and they will export and bring you dollars. You won't give them gas and they won't export, so they won't bring you dollars. You need Very much so that you repeat, he is supposed to start tomorrow, specifically Mobco, Mobco Date, Emirati, Saudi, Emirati, Saudi, this is from the sale that we made in 22. He says that today he pumped 45 million cubic meters, and this will make them produce 1,800 tons of fertilizer, all of which will be taken by the Ministry of Agriculture. He says that he pumped it today.
22:46 Of course, he knows why he pumped it today, and he does not know that the fertilizers increased by 20%. Excuse me, two minutes in this part, sir, you will tell me, “ Uncle, I am not a farmer, and I do not have land, and I do not plant, and I do not need fertilizers, and I do not even want to hear you when you talk to me about fertilizers.” Right, Ahmed, Labib? Okay, that’s enough, but the price of fertilizers in these 31 days increased by 20%. You will tell me again, “What is it to me? It is none of my business. I do not plant. Are these fertilizers not sprayed on the agricultural plants that you will eat, whether fruits, vegetables, or anything like that?” Okay, it's up to you because the fertilizers increased by 20%,
23:33 the 20% will be directly borne by the price of the food that you will eat, whether it is fruits, vegetables or anything else. So when I come to tell you about the gas for the factories, you don't care. You just want what is in the houses that it wo n't be cut off, and that is your right. But also when it is cut off to the factories, the price of the goods that you will eat and drink increases because he tells me he brought me 1800 tons of fertilizer, I will take them as the Ministry of Agriculture to catch up with them in the market because the black market appeared first and the normal price increased by 20% and the black market increased by more than 20%. All of this will increase the vegetables, from the first stuffed cabbage to the dill, coriander and simple things and you come
24:20 up with apples, bananas, everything from taking the fertilizers that are the basis of any child you have at home that needs to eat, you make him a plate of salad, some vegetables, tomatoes, cucumbers, all of this The vegetables have increased, the first sensor for this process, so when I tell you the story of the fertilizer and the factory, I don’t care because this concerns you directly. 20% is a lot in a month. It is better. He tells you, here is 2600, 2600 pounds. The chemical bag is a black market and it will keep increasing because they say, “I will work tomorrow.” They will work in the second week of next month. That is, give them, give them 10
25:06 days, and this factory worked so that they would give him 45 million tons of gas to give them 1800 tons to take and distribute to the Ministry of Agriculture, which will be responsible for their distribution. This is also a very important topic. At the same time, the Egyptian Natural Gas Company granted four concession areas in the Mediterranean, one in the Nile Delta, and one in North Sinai to international companies. Today we found that the Ministry of Petroleum issued a statement saying that $245 million will be spent on drilling 13 new wells during this exploration period. The investments that will be pumped How will they get this money? When they find gas, they can export it and take their money.
25:51 This is the way Egypt is working now. We can tell you exactly what happened. The North Simian Marine and North Gharbtol Marine sectors were taken by an alliance of Shell and Chevron Egypt. The North Ras El Tin Marine sector was taken by IOC Production, which is I. The East Alexandria Marine sector was taken by Kiron Egypt. The North Tanta Area sector, Tanta Land, in the Nile Delta, was taken by IBR. The Fayrouz Land sector in North Sinai was taken by Brinco. These are the companies that will work and these are the sectors that were
26:38 distributed. We told you the investment amount, which is 245 million dollars. They are supposed to discover 13 berths for us. Oh God, no, oh God, the dryness in their hands will be green. Another point: We have a partial halt, a partial halt in the production of soft drinks in Egypt today. Why? Because of the reduction in gas supply, what were the soft drink companies thinking about? What kind of soft drink was this? This gas bottle is dancing from the gas. This gas bottle will not dance again. You are coming from a very old time. It is not
27:24 called a gas bottle anymore. These gas bottles are soft drinks, not drinks. You dance, sir. I mean, do you have a license to dance? No, soft drinks from the gas, sir. This is not gas. Understand that when they reduced the gas supply for soft drinks, they became non-carbonated drinks. This is carbon dioxide. They make soda with it. You, sir, when you drink like this, you say, “I have two hundred people. We all know them.” You go to pray, in God’s peace, and you find him sitting next to you. He made your eyes out, you and your family. You sit in the two rak’ahs. So, why did I come? You came to disgust us, guys. So, pray behind someone who is beating a musakhan and beating two liters of sajdah. Stay behind with
28:09 your sajdah, so you do not disgust us. This is for you, sir, you and your mother. The gas supply to fertilizer companies was stopped in mid- June because of the decrease, and also to soft drink companies. There is no soda, there is no soda. By God, my opinion is that people of this type should be given glass without soda. We are done with them. Okay, that’s good. We also want to tell you about a few points we can offer, God willing.
28:55 Yes, Morocco, here it is. The 100 millionaires who are going to it have fortunes of 900 million dollars. As for the 100 millionaires who are leaving Egypt, their fortunes are 800 million dollars. There is a difference of 100 million. There is a difference of 100 million. An opening part of what we will say tomorrow, God willing. 87% of the taxes paid by Egyptians will go to the interests of the debt. 64% of the spending in the new budget will go to paying installments and interest on the debt. 58% of the loans in the new year’s budget, we will take them to pay off old loans. Let’s just memorize these three numbers so that tomorrow we can build on the foundation. Why are
29:43 our taxes being raised? Although the level and quality of services should be raised and their prices should be lowered. Why does n't this happen? Because these three numbers are in the budget that will start from 1/7. What are the other three numbers? 87% of the taxes we pay will go towards paying off debt interest. 64% of expenses or spending goes to paying debt installments and interest. 58% of the loans we take are new, and old loans have prevailed. These are the reason for the ruin of the Egyptian budget. The reason he tells you there is none. These are the reason for raising the price of everything in the country, from the first bread basket to your taste. These three numbers are the reason for the ruin. These three
30:30 numbers make you look at any official who says to you, “I am an achievement, I did, I gave, I made,” and throw them in his face. This is how it is supposed to be. They are working like tear gas bombs. These three numbers are tear gas. Thank you. Good night to those who see us in prison and give us 1000 likes. Thank you. Peace, mercy, and blessings of God be upon you. Until we meet again M.