Egypt’s gold reserves rose month-on-month (MoM) by $1.92 billion in August, helping push the country’s net international reserves (NIR) to a record high despite a decline in foreign currency holdings,...
Gold prices declined on Monday, September 7, with the international ounce recording $4,396.3 for buying and $4,395.8 for selling.
The USD registered EGP 50.85 for buying and EGP 50.95 for selling at the Commercial International Bank (CIB) and the United Bank on Monday, September 7.
Egyptian taxpayers created 612,000 electronic accounts through the real estate tax mobile application during its first two months of the new facilitation package, Minister of Finance Ahmed Kouchouk said in a statement.
Egypt’s Ministry of Industry, the Sovereign Fund of Egypt (TSFE), and Chinese smart-equipment manufacturer Jiangsu Changhong Intelligent Equipment Co., Ltd. have inked a memorandum of understanding (MoU) to establish an industrial and engineering base for planning and building automotive and other transportation factories in Egypt.
