Latest in Tag: Gold Highlight
Latest in Tag: Gold
‘Water wins over gold’ in El Salvador mining ban
El Salvador’s Parliament has approved a law banning all metal mining projects. The measure aims to protect the impoverished Central American nation’s environment – but critics fear it could hurt the economy.The original legend of El Dorado, originating with an indigenous tribe in Colombia, is actually about a person covered in gold. But the first …
Gold value increases to $2.45bn in foreign exchange reserves by late January 2017
A report published by the CBE on Sunday revealed that foreign exchange reserves increased to $26.363bn by the end of January 2017, compared to $24.265bn in December 2016
Campaign seeks to change timeworn marriage traditionsÂ
Marriage is a holy bond, and it cannot be measured by the money spent on it, says founder
$53m decrease in value of gold listed in foreign exchange reserves in May: CBE
The CBE announced on Wednesday evening that its foreign exchange reserves increased by $510m in May, registering $17.520bn, compared to $17.010bn in April
EMRA finalises approvals of tender for 7 areas to search for gold
Settlement of expenses and revenues provided by Centamin underway, says EMRA
$90m increase in value of gold listed in forex reserves in January: CBE
The central bank awaits the Chinese loan and the first portion of the World Bank loan to reinforce reserves
Centamin calls for Egyptian mining sector reform believing country to have surfeit of gold
Egypt must modernise its mining polices, towards a tax, royalty and rent system and away from the production sharing system
Fatma Omar wins gold in World Weightlifting Championship
Egyptian weightlifter Fatma Omar, 43, with the Egyptian weightlifting national team won the World Weightlifting Championship with a gold medal in the 61kg division in Dubai. Omar hit the record number 135.5. She left her studies to dedicate to sports and since 1997 she won receive several medals and achieved several records through national tournaments
EMRA to launch tender to search for gold in Western Desert, South Sinai
Selling 20 terms brochures for prospecting for mining materials in nine areas
Katarina Witt: the glitter and the gold
Just a few weeks before her 50th birthday, the German figure skating sensation Katarina Witt releases a book on her life. Discover the highlights of her career in pictures. “Time” magazine once described her as “the most beautiful face of socialism.” Katarina Witt made an impression on the world like no other East German female …
Gold demand up by 7% in Q3 of 2015
Prices to reach $1,100/oz in Q4 2015
German filmmakers grab gold, silver and bronze at student Oscars
These three directors from Germany were selected among a record number of submissions, coming from 93 foreign film schools. The winner of the Best Foreign Film directed his movie amidst clashes and tear gas in Turkey. These three Germans knew they would be sweeping the prizes in the category Best Foreign Film, as the nominations …
Amr Saad: Seeing the world through shades of art
“Designing eyewear came out of my own curiosity for customising some pieces,” says designer
Sudan urges Egyptian investments in gold extraction sector: CBOS Deputy Governor
Egypt is afraid to do business in Sudan, despite the latter having great investment opportunities, says Elbashir
World stock markets post worst week of 2015
World stock markets have tumbled on concerns over a slowdown in China. The week ended with reports of more manufacturing gloom in China and investors moving to the safety of bonds and gold. In the US the Standard and Poor’s 500 index saw its biggest daily percentage drop in nearly four years on fears of …
Jewellery stamping authority gain EGP 27m in revenues: Supply Ministry
Transfer of authority to a public economic entity has yet to be made, although it was announced by Minister of Supply last DecemberÂ
Centamin invests $25m annually to search for gold outside Egypt
Centamin hopes for opportunity to repeat successful experience of Sukari gold mine
Foreign reserves increase $96m in January
Egypt repays $681m to Paris Club in January
Gold prices remain low: FEDCOC Gold Division Head
Official says gold prices were not notably affected by oil pricing crisis
120% growth in jewellery stamping authority: Supply ministry
Presidential decree to be issued to separate the authority from the ministry to become public economic entity, says Khaled Hanafy
Industry, food and metal production rose during 2012: CAPMAS
Risen value of several commodities influenced production value, government statistics agency indicates
Government approves Sukari goldmine expansion activities
Expansion activities of gold miner Centamin negatively affected by 2012 court ruling restricting its operations
Tech giants look to skies to spread Internet
Google took a step in that direction this week with the acquisition of Titan Aerospace, a maker of solar-powered drones that can help boost Internet access to remote areas.
Centamin poised for more output growth after 2013 beat
The company said on Monday it produced 91,546 ounces of gold in the fourth quarter of 2013, bringing its full year output to 356,943 ounces to beat guidance of 320,000 ounces.
Gold Prices hit new low
No predictions on when the market will pick up again: Head of the gold division at the chamber of commerce
Money doesn’t grow on trees but gold leaf does: study
Geochemist Mel Lintern said it appeared the trees sucked up the gold particles from 30 metres (100 feet) below the ground through their roots.
Reuters: gold demand to wane in the second half of 2013
Two months later, the market was “turbulent again as short selling and fresh professional liquidation developed on heightened expectations of an end to QE3,” according to the report.
Asian stocks mostly higher after Syria agreement
Trade remained cautious, however, before a two-day meeting at the US Federal Reserve at which policymakers are expected to begin winding down the bank’s stimulus programme.
Gold retailers slowly resume business
The price of gold increased Tuesday, with 21 carat gold increasing EGP6 per gram reaching EGP280, compared to EGP274 on Monday.
Eid Al-Fitr’s weddings and engagements bolster gold market
Local gold market witnessed a surge in sales and prices in Eid el-Fitr as Egyptians seize the vacation to hold their engagements and wedding ceremonies