Today, Friday, February 25, 2022, witnessed a large number of important economic news, whether local or international, most notably the decline in gold prices in the Egyptian market by regarding 8 pounds, following the global price of the yellow metal fell to levels of 1889 dollars per ounce, and 21 karat gold, which is the best seller, went down. In Egypt, from 835 to 827 pounds per gram, and oil prices recorded, today, Friday, 101.40 dollars a barrel, for the futures contracts for the international standard Brent crude for delivery in April, and the futures contracts for West Texas Intermediate crude for delivery in the month of April of America recorded 94.66 dollars a barrel.
Gold prices today are down 8 pounds, and 21 karat records 827 pounds per gram
Gold prices fell a while ago in the Egyptian market by regarding 8 pounds, following the global price of the yellow metal fell to levels of 1889 dollars per ounce, and 21 karat gold, which is the best-selling in Egypt, went down from 835 to 827 pounds per gram at the time of drafting these lines.
Gold prices today..
18 karat gold record 709 pounds.
21 karat gold recorded 827 pounds.
24 karat gold recorded 945 pounds
The gold pound is 6616 pounds
Rising oil prices and fears of supply disruptions… and Brent records $101.40
Today, Friday, oil prices recorded 101.40 dollars per barrel, for the futures contracts for the international standard, Brent crude for delivery in April, and the futures contracts for West Texas Intermediate crude for delivery in the month of April of the United States recorded 94.66 dollars per barrel.
International media reports stated that oil prices in global markets, today, Friday, witnessed a rise of regarding 2%, as a result of fears of disruption of global oil supplies, following the Russian invasion of Ukraine, where oil prices exceeded, early yesterday, Thursday, the price of the international benchmark, Brent, the 105 mark. Dollars a barrel with the start of the Russian invasion of Ukraine.
The UAE markets rebounded in the Friday session… and the Dubai Stock Exchange rose by 1.15%
The UAE markets rose, at the close of trading today, Friday, the end of the week’s sessions, following a sharp decline witnessed yesterday, affected by the decline in global financial markets following the Russian-Ukrainian war.
The general index of the Dubai Financial Market, at the close of trading today, Friday, rose by 1.15%, winning 37.93 points, to close at 3312.31 points, and the trading volume reached 168.4 million shares, achieving a value of 268.6 million dirhams through the implementation of 3907 deals for 27 shares, and 7 sectors rose on the Stock Exchange. Dubai is led by commodities with 7.25%, followed by the insurance sector with 3.13%, followed by the transportation sector with 1.93%, then the real estate sector with 1.43%, then the banking sector with 1.06%, then the investment and financial services sector with 0.62%, and finally the communications sector with 0.31 %.
Egypt exported to Russia $449 million in 11 months, and imported $2.9 billion
Data from the Central Agency for Public Mobilization and Statistics revealed that the value of Egyptian exports to Russia increased, recording $449.5 million during the first 11 months of 2021, compared to $382.5 million during the same period in 2020, an increase of 17.5%; The value of Egyptian imports from Russia amounted to $2.9 billion during the first 11 months of 2021, compared to $2.7 billion during the same period in 2020, an increase of 10.4 percent.
The Statistics Authority indicated, in an official statement, today, Friday, that the value of trade exchange between Egypt and Russia increased to $3.4 billion during the first 11 months of 2021, compared to $3 billion during the same period in 2020, an increase of 11.3 %.
Deputy Minister of Housing meets 10 English companies interested in investing in water desalination
Dr. Sayed Ismail, Deputy Minister of Housing, held a number of individual meetings with officials of 10 major English companies interested in investing in the desalinated water and sanitation sector in Egypt.
This came during the participation of Dr. Sayed Ismail, Deputy Minister of Housing, Utilities and Urban Communities for Infrastructure Affairs in the eleventh “World Water-Tech Innovation Summit” under the slogan “Building capacity to adapt to climate changes in the field of water”, which is being held Held in London, and delivered a speech in a panel discussion entitled Regulatory Bodies Forum / Policy Implications on the Changing Global Scene.
