A sudden rise in gold and a slight drop in oil The most prominent events of the economic bulletin.. Video

The economic bulletin of Youm7 TV, prepared and presented by colleague Abdel Halim Salem, dealt with many of the most prominent economic events locally and internationally, especially gold prices. gold prices Today in Egypt, an increase of regarding 15 pounds from the price of yesterday, with the rise in the price of the dollar to levels that exceeded 19 pounds, which is reflected in the price of gold in the goldsmiths market.

Gold prices today

21 caliber records 1040 pounds

18 caliber records 891 pounds

24 carat records 1189 pounds

The gold pound is 8320 pounds

21 carat gold prices recorded a noticeable increase of 15 pounds due to the increased demand for gold, in addition to an increase in the price of the dollar..

With the continuous changes in the movement of the gold market, it is difficult to read the future of the precious metal’s movement in the global stock market as well as the local market, in light of a wave of major market turmoil, a continuous movement in global inflation and the continuing negative repercussions of the Russian-Ukrainian war.

With regard to currencies, according to the bulletin, the price of the dollar once morest the pound recorded 18.91 pounds for purchase, and 18.97 pounds for sale, while the euro exchange rate recorded 19.29 for purchase, 19.47 pounds for sale.

The exchange rate of the pound sterling once morest the Egyptian pound recorded 22.99 pounds for purchase, 23.18 pounds for sale, according to the latest updates of the National Bank of Egypt.

The exchange rate of the Saudi riyal once morest the Egyptian pound recorded 5.03 pounds for purchase, and 5.05 pounds for sale, according to the latest updates of the National Bank of Egypt.

The Kuwaiti dinar exchange rate today once morest the Egyptian pound recorded 59.30 pounds for purchase, and 61.89 pounds for sale, and these prices are according to the latest updates of the National Bank of Egypt.

Oil prices also fell on Monday, recording $103.48 per barrel for Brent crude futures, and US West Texas Intermediate crude futures at $97.68 per barrel..

The next meeting of the Organization of the Petroleum Exporting Countries and its allies, or the bloc known as “OPEC +”, is scheduled to be held on August 3, an important factor in market prices..

Sources in “OPEC +” revealed that the bloc would consider keeping the production level unchanged for the month of September, but two sources in the bloc told Archyde.com that a slight increase in production would be discussed..

Analysts indicated that it would be difficult for “OPEC +” to increase supplies in light of the difficulties that many producers are already facing to meet production quotas..

In another context, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that the petroleum sector acquired the 50% owned by the Japanese Toyota Company, and the petroleum sector fully owned the offshore rigs Al Qaher 1 and Al Qaher 2

The minister pointed out that this acquisition came at the best time, as international oil prices are witnessing a significant rise in conjunction with the implementation of an intensive drilling program in the Egyptian territorial waters, and the possession of rigs has become a strategic and economic dimension, and that this measure supports plans to accelerate production and develop sources of natural resources, especially Natural gas, pointing out that the petroleum industry is currently facing a major challenge in the wake of the current global changes, which requires more integration of performance and maximizing the utilization of available assets and resources, taking into account the rationalization of expenditures and continuous development in performance rates to ensure the continuation of outstanding performance and the achievement of more good business results. In all areas of the petroleum industry.

The bulletin dealt with the visit of the Minister of Communications to Minya Governorate, where Dr. Amr Talaat praised the fruitful cooperation between the Ministry of Communications and Information Technology and Minya Governorate to support digital transformation efforts in the governorate. He stressed that the Minya governorate is witnessing a digital renaissance and a dedication to all digital Egypt axes, which confirms its possession of distinct capabilities and cadres that must be invested and developed.

Minister Anhrada visited the governorate, inspected and opened a number of the ministry’s projects in the villages of a decent life, including those related to developing communications infrastructure, following up on the plan to deploy mobile towers, and inspecting and opening a group of post offices following their development.

In his speech, Dr. Amr Talaat stressed that the strategy of the Ministry of Communications and Information Technology aims to establish a Digital Egypt Innovation Center in each governorate with investments of 4.2 billion pounds. He called on young people to follow up on the rest of the initiatives launched by the Ministry of Communications and Information Technology and to complete the process of learning and development to keep pace with global technological developments.

Finally, Dr. Rania Al-Mashat, Minister of International Cooperation, met with Ayman Soliman, Executive Director of the Sovereign Fund of Egypt, to discuss ways to enhance joint cooperation, within the framework of the role played by the Ministry of International Cooperation, to support joint relations between national authorities and multilateral and bilateral development partners to support the national development vision. During the meeting, opportunities for joint cooperation with development partners were discussed, and the Fund reviewed its activities and future work plan in light of the state’s vision to empower the private sector..

The Minister of International Cooperation reviewed the role played by the Ministry to strengthen economic relations with multilateral and bilateral development partners and regional and international organizations to support the national development vision in line with the United Nations Sustainable Development Goals 2030, pointing out that the ongoing portfolio of development cooperation amounts to $26 billion to implement 372 projects, which is A huge portfolio that reflects the distinguished relations between the Arab Republic of Egypt and development partners, and part of it is directed to the private sector, whether in the form of investments, lines of credit for commercial banks or development finances, in addition to technical support and grants directed to building capacities and preparing studies.