Latest in Tag: Gold Highlight
Latest in Tag: Gold
Gold market disorientated after EGP depreciation, 25% bank certificates: iSagha
Saeed Embaby, CEO of iSagha.com, a platform for trading gold and jewellery, said that gold prices spiked in local markets during Wednesday trading, with the ounce reaching $1860, amid investors’ anticipation of the fate of interest rates during 2023.
Egypt’s gold mania result of traders’ speculation, not demand-driven: Pundits
Demand was not affected by the insane increase in gold prices
EdgeStone launches first mall specialized in gold jewellery in Egypt
The project will be developed by El-Batal Developments. The first phase will be launched this month, with target sales exceeding EGP 600m. The whole project’s total target sales is over EGP 1.5bn.
Egyptian companies inject $8.1m investments in gold exploration sector
Akh Gold, a subsidiary of Altus Strategies, signed a $4.1m agreement with the Egyptian government to search for gold in nine areas in the Eastern Desert.
Gold prices drop after 1-month high due to US inflation data
USD continues increasing against major currencies
Egypt denies halting trade on gold amid fears of price hike
Pricing of gold in Egypt is subject to supply and demand mechanism
Egyptian Tax Authority, FEDCOC sign protocol to define procedural rules for collecting tax on gold, precious stones
Abdel Kader pointed out that signing this protocol comes within the authority’s endeavours to correctly apply the provisions of the Value Added Tax Law promulgated by Law No. 67/ 2016 and its executive regulations issued by the Minister of Finance’s Decree No. 66/ 2017.
Egypt’s Al-Sisi ratifies seven laws allowing Petroleum Ministry to search for gold in Eastern Desert
This includes research and exploitation of these minerals in the area of Jabal Iqat, Jabal Al-Jarf, Jabal Masih, Jabal Elba, the Aswan region of the Eastern Desert, as well as the Hamata, Atoud, and Wadi Allaqi regions.
Egypt signs 4 gold exploration contracts in Eastern Desert, with $17m investments
This sector has plenty of ingredients for success that would not have been achieved without the political and economic stability Egypt is witnessing.
Egypt’s gold reserves climb $281m in May: CBE
Net international reserves increase to $40.468bn in May
Egypt’s gold reserves climb $194m during April: CBE
Net international reserves increase to $40.343bn in April
Egypt to establish 120-feddan Gold City with EGP 20bn investments
Project will depend on private sector funding, partnerships: Assistant Supply Minister
Altus Strategies granted licence for gold exploration in Egypt’s Eastern Desert
Deal reflects company’s deep belief in investment opportunities available in Egypt: CEO Steven Poulton
Petroleum Ministry signs gold prospecting contracts worth $13m in investments
Petroleum and Mineral Resources Ministry keen to provide full support for mining investments, by quickly overcoming challenges, says Tarek El Molla
Gold, SDRs’ November decline interrupts Egypt’s net international reserves growth run
Egypt’s FX reserves increased by about $352m to $35.035bn: CBE
Egyptian exports of gold, jewellery, and gemstones reach $2.4bn in 9M 2020
This year’s exports reflected a rise of about 76% on the previous year.
Gold prices hike notably as 24-carat breaks EGP 1,000 barrier
Bullion coin price rises by about EGP 72 to EGP 7,048
Gold prices rise EGP 19 as 21-carat records new high
Gold prices rose to record levels as the rift between the US and China intensified, and a weak US dollar pushed investors to seek refuge in the safe haven
Gold rises to 9-year high, strong expectations for continued rise
Gold remains safe haven in light of continuing global storms, says Abdel-Aal
Egypt sees gold purchase growth despite high prices: Sabayik al Kuwait
Gold sales have continued to grow in Egypt for the second week despite high prices, according to Ragab Hamed, Associate Director at Sabayik al Kuwait for precious metals trading. Prices for the precious metal have recently touched EGP 911,000 per kilo for 24-carat and EGP 6,360 for the gold bullion coin. In a weekly report …
Petroleum Minister announces new gold discovery of 1m ounces reserve
The reserve, which has a 95% recovery rate, has one of the highest rates of extraction, and with a total $1bn investment over the next 10 years.
Egypt extends closing date for new gold exploration bid to September
The bids cover the search for and exploration of gold and other minerals in the Eastern Desert, with the extension coming on the back of the ongoing implications of the coronavirus (COVID-19) pandemic. It gives companies an extended window of opportunity in which to submit offers.
The secret language of Egypt’s goldsmiths
Remnants of old Jewish community remain in Cairo’s goldsmithing community as reminder of historic turbulence
Petroleum Ministry considers gold bid extension due to coronavirus
International bidding interest in Eastern Desert’s gold stores: Source
Egypt’s gold reserves record $164m increase in February
Country’s net international reserves reach $45.51bn in February, compared to January’s $45.457bn: CBE
Sora Rashid: jewellery designer starts working on small desk, grows to be ‘Gold Market Lady’ in Kuwait
I learned jewellery design in London, became first female pearl merchant in Kuwait, says Rashid
EGP 10/gm increase in gold price; 21 caliber records EGP 702
Coronavirus’s continues spread, pushing gold to record levels: Naguib
Rise of gold investment raises bullion sales, workmanship
60% increase in demand for bullion from the beginning of 2019, says Embabi
Purity of Sukari gold production is 90%: El-Raghy
Centamin exports 300-350 kg of gold ore per week to Canada for refining
CBE receives 1.3 tonnes of gold from Sukari mine until August
Company sells about 70 kg of gold per month to CBE to increase reserves, says El-Raghy