Gold rises to two-week high as dollar falls

Tue, 01 Sep 2020 - 01:56 GMT

Spot gold went up 0.8%, recording $1,985.64 per ounce after hitting its highest since August 19 at $1,989.42 earlier in the session.

Centamin's profits surge 221% during H1 of 2020

Tue, 04 Aug 2020 - 02:38 GMT

The company said in a statement Tuesday, that it achieved a pre-tax profit of $ 191.14 million, compared to $ 59.62 million in the first half of 2019.

Egypt's gold prices up by LE9 Tuesday

Tue, 04 Aug 2020 - 12:19 GMT

The one gram of of 24-carat gold registered LE 1,006.85, while 21-carat gold hit LE 881, a new record high.

Egypt’s Ancient Pharaohs, the first to discover gold

Tue, 28 Jul 2020 - 03:09 GMT

The first to discover gold was the Pharaohs, through excavations in the Eastern Desert, Red Sea and Nubia. Ancient Egyptians excelled in manufacturing gold and it had a strong presence in their life.

Egypt's gold prices up by LE 19 for 21-carat gold

Mon, 27 Jul 2020 - 02:07 GMT

The value of the gold Egyptian pound hit LE 6,920, he added.

10 companies place bids in Egypt's gold exploration auction conducted on March 15-July 15

Tue, 19 May 2020 - 03:20 GMT

Sources told Egypt Today that 10 companies purchased the applications of the international gold exploration auction announced by Egypt earlier this year.

Sokary Gold Mine's production targeted to hit 510k-540k ounces in 2020: Centamin Egypt chairman

Tue, 19 May 2020 - 02:18 GMT

General Manager of Centamin Egypt Youssef al-Raghy told Egypt Today that the size of target production of Sokary Gold Mine in 2020 is 510,000 -540,000 ounces.

Egypt receives $107M in profit share, royalties from Centamin

Mon, 18 May 2020 - 02:09 GMT

The company clarified that profit share distribution to Egypt recorded $87.1 million and royalty payments hit $19.7 million.

Newmont Mining to participate in bidding for gold in Egypt

Thu, 05 Mar 2020 - 01:43 GMT

This came during a discussion session held by the Egyptian Minister of Petroleum Tarek El-Molla, with Cotts, according to a statement of the Egyptian Ministry of Petroleum.

Egypt to launch int’l exploration tender for gold in March

Tue, 25 Feb 2020 - 12:25 GMT

Investors will be given the opportunity to bid on 320 blocks over an area of about 56,000 square kilometres in the Eastern Desert and the Red Sea.

Egypt to launch bid round in March for gold exploration in Eastern Desert: official

Sun, 23 Feb 2020 - 11:45 GMT

Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched, the official said.

Egypt's exports of jewelry, precious stones exceeds $2B in 2019

Mon, 03 Feb 2020 - 12:02 GMT

The Export Council for Building Materials (ECBM) said the UAE topped the list of importing countries by $1.378 billion in 2019.

Passenger’s attempt to smuggle 4 gold, metal detectors thwarted

Sat, 16 Nov 2019 - 10:44 GMT

The passenger was coming from Dubai.

Egypt's Sawiris eyes mining opportunities at home with new law

Tue, 27 Aug 2019 - 12:15 GMT

The law has been approved but final details are yet to be published in the official gazette.

Trade tensions weigh on stocks as markets await Fed verdict

Wed, 31 Jul 2019 - 10:44 GMT

The fresh trade tensions come ahead a U.S. Federal Reserve meeting which is expected to see interest rates reduced by 25 basis points (bps) in its first rate cut in more than a decade.

Sitting On A Gold Mine

Tue, 16 Jul 2019 - 11:42 GMT

On the setbacks of a 2014 bill tackling investment in gold mining, amid a recent bid by the government to amend current legislation.

Stocks gain, dollar sags as Fed chief shores up rate cut prospects

Thu, 11 Jul 2019 - 09:47 GMT

The pan-European STOXX 600 climbed 0.2% after losing 1.4% over the past four sessions. Germany’s DAX futures rose and Britain’s FTSE futures gained 0.3%.

Global shares muted as prospect of sharp U.S. rate cut fades

Mon, 08 Jul 2019 - 10:08 GMT

In Turkey, the lira, stocks and government dollar bonds weakened after President Tayyip Erdogan dismissed the central bank governor, a move that fueled worries about monetary policy independence.

Stocks up, dollar, bond yields down on Fed rate cut signal

Thu, 20 Jun 2019 - 09:45 GMT

The Fed on Wednesday suggested rate cuts might start as soon as next month, saying it was ready to take action in the face of growing economic risks.

Global stocks steady, yields bounce, metals melt again

Thu, 30 May 2019 - 09:52 GMT

The end the most turbulent month of the year so far was approaching and amid ongoing and fierce U.S-China trade tensions investors seemed content to square up some positions.