Economy Brief: Gold prices fell by 50 pounds after allowing entry of the precious metal without customs

2023-05-11 15:04:00


Ahmed Hassan wrote

Thursday, May 11, 2023 06:04 PM

The Seventh Day website published today, Thursday 11-5-2023, a group of economic news important ones, including gold prices, dropping 50 pounds following allowing entry of the precious metal without customs, and The head of the Suez Canal Economic Department reviews the green fuel strategy in front of major Dutch companies and other news.

Gold prices drop 50 pounds following allowing entry of the precious metal without customs

Gold prices fell today in Egypt by regarding 50 pounds, due to the government’s decision to allow the entry of gold with Egyptians abroad without customs duties, as 21 carat, which is the best-selling in Egypt today, recorded 2500 pounds..

The head of the Suez Canal Economic Department reviews the green fuel strategy in front of major Dutch companies

Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, held many meetings and discussions during his stay in Rotterdam, as part of his participation in the World Hydrogen Forum, which is the largest event of its kind in Europe.

The Minister of Planning participates in the annual meeting to follow up on the goals of sustainable development

Dr. Hala Al-Said, Minister of Planning and Economic Development and Governor of Egypt at the Islamic Development Bank Group, recently attended the main annual meeting to follow up on the goals of sustainable development (the comprehensive development of sustainable development).

The Minister of Tourism and Antiquities witnesses the signing of the operating contract for the first hotel facility for the arts in Egypt

Today, Thursday, Ahmed Issa, Minister of Tourism and Antiquities, and Major General Ahmed Rashid, Governor of Giza, witnessed the signing ceremony of the operating contract for the first hotel facility for the arts. (Art Hotel) In Egypt, in the Pyramids Heights area, between the Al Dau Development Group, one of the Sami Saad Holding companies, and the Hyatt Hotels International Group..

Al-Mashat: Enhancing resilience requires the integration of efforts by governments, development partners and the private sector

Dr. Rania Al-Mashat, Minister of International Cooperation, said that the successive crises that the world is going through, starting with the Corona pandemic, the Russian-Ukrainian war, the supply chain crisis, and the significant increase in the cost of financing, reflect the importance of strengthening the resilience and resilience of countries, institutions, and even individuals and families.

The Export Council for Engineering Industries reviews its services with the Alexandria Businessmen Association

Mai Helmy, Executive Director of the Export Council for Engineering Industries, participated in a joint meeting with the Industry and Industrial Zones Committee, the Export Committee, and the Investment and Finance Committee in the Alexandria Businessmen Association to talk regarding the services provided by the Council..

The Minister of Communications is discussing cooperation with German companies in the fields of outsourcing and electronics design

Dr. Amr Talaat, Minister of Communications and Information Technology, held a meeting with Arend Franz, CEO of “Mahli”” Mahle and a number of German company leaders; The efforts made to develop the electronics design and manufacturing industry, the incentives offered to international research and development centers in Egypt, the future plans of the company in manufacturing, research and development activities, and opportunities for expansion of the company’s activities in Egypt were highlighted..

Finance: We are committed to achieving fiscal discipline and reducing the budget deficit

Dr. Mohamed Maait, Minister of Finance, confirmed that the results of the final account of the budget for the fiscal year 2021/2022, approved by Parliament, reflect the ability to maintain financial discipline, and the ability of the Egyptian economy to contain external shocks as well.






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