gold
Precious-Gold falls to near 5-year low as bearish view holds
Business
July 22, 2015
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
May 4, 2015
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
February 16, 2015
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
February 5, 2015
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
February 14, 2014
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
October 13, 2013
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
August 9, 2013
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
January 12, 2013
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
January 9, 2013
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
January 2, 2013
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…