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Presidential decree to be issued to separate the authority from the ministry to become public economic entity, says Khaled Hanafy
Risen value of several commodities influenced production value, government statistics agency indicates
Expansion activities of gold miner Centamin negatively affected by 2012 court ruling restricting its operations
Google took a step in that direction this week with the acquisition of Titan Aerospace, a maker of solar-powered drones that can help boost Internet access to remote areas.
The company said on Monday it produced 91,546 ounces of gold in the fourth quarter of 2013, bringing its full year output to 356,943 ounces to beat guidance of 320,000 ounces.
No predictions on when the market will pick up again: Head of the gold division at the chamber of commerce
Geochemist Mel Lintern said it appeared the trees sucked up the gold particles from 30 metres (100 feet) below the ground through their roots.
Two months later, the market was “turbulent again as short selling and fresh professional liquidation developed on heightened expectations of an end to QE3,” according to the report.
Trade remained cautious, however, before a two-day meeting at the US Federal Reserve at which policymakers are expected to begin winding down the bank’s stimulus programme.
The price of gold increased Tuesday, with 21 carat gold increasing EGP6 per gram reaching EGP280, compared to EGP274 on Monday.
Local gold market witnessed a surge in sales and prices in Eid el-Fitr as Egyptians seize the vacation to hold their engagements and wedding ceremonies
Centamin produced 93,624 oz of gold for the second quarter in 2013, ending in June, bringing the total production so far to 180,640 oz.
The worldwide gold market witnessed a sharp price decline since 17 June; average prices of the 24k ounce decreasing to EGP 8977.04 in 19 June.
Future trading in the COMEX division of the New York Mercantile Exchange dropped to $1,436.60, their lowest rate since last July.
Black market now real determiner of gold prices, says gold expert at Cairo Chamber of Commerce
Young designer combines the knowledge of Khan El-Khalili’s craftsmen with modern designs
Prices rise as Cyprus refuses to accept EU rescue plan conditions, once again fears for stability of the eurozone
The company’s gold shipment to the Netherlands has cleared customs
Operations remain suspended due to a shortfall in working capital
There are three types of tally; Islamic, Coptic and folkloric with overlapping designs between the three types. “The first piece of tally I saw in Asyut belonged to an old, simple woman. It was a folkloric piece which depicted carvings of mosques and churches beside each other,” said Zaghlol.
London (AFP) — With the London Olympics set to wrap up Sunday, analysts said Britain’s recession-hit economy was unlikely to have won a major boost from the Games that have been a triumph for the nation’s athletes. While Britain’s construction sector benefited hugely before the Olympics, experts have said the 17-day sporting spectacle had not …