gold

Precious-Gold falls to near 5-year low as bearish view holds
Business

Precious-Gold falls to near 5-year low as bearish view holds

Gold fell on Wednesday for a seventh session in eight, reflecting sustained downward pressure on the metal days after its…
Cabinet considers establishing corridor between Aswan, Khartoum, Addis Ababa
Egypt

Cabinet considers establishing corridor between Aswan, Khartoum, Addis Ababa

Prime Minister Ibrahim Mehleb has called for a study on the new land corridor, east of the High Dam lake,…
Egypt imports 30 tons of raw gold a year
Business

Egypt imports 30 tons of raw gold a year

Rafik Abbasy, chairman of the gold division of the Federation of Chambers of Commerce, said Egypt imports 30 tons of…
Goldsmiths reduce weights to face recession
Business

Goldsmiths reduce weights to face recession

Although gold prices fell in the past two weeks by LE12, it did not revive the market, which prompted goldsmiths…
Gold prices rise to highest level in three months
Business

Gold prices rise to highest level in three months

Prices of gold went up by 0.5 percent on Thursday, the highest level in three months, following disappointing information about…
Marsa Alam village children drop out of school to search for gold
Egypt

Marsa Alam village children drop out of school to search for gold

Approximately 40 percent of the students at Abul Mahasen al-Shazly School in Marsa Alam have been absent since the beginning…
Egypt registers “disappointing” gold purchases
Business

Egypt registers “disappointing” gold purchases

Rafik Abbasy, vice president of the Gold Industry Chamber, has said gold purchases are “disappointingly” low these days, contrary to…
Petroleum minister takes steps toward legalizing gold excavation in south
Egypt

Petroleum minister takes steps toward legalizing gold excavation in south

Egypt has accelerated its efforts to prevent the illegal excavation of gold in the Eastern Desert, trying to convince local…
Centamin beats gold production targets despite hurdles
Business

Centamin beats gold production targets despite hurdles

Gold producer Centamin, which has been plagued by difficulties operating in Egypt in recent months, beat its annual production target…
Customs blocks Sukari gold mine shipment
Business

Customs blocks Sukari gold mine shipment

Customs authorities have blocked Centamin, the Australian firm operating Sukari mine, from exporting a gold shipment because it has not…
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