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Evolve to launch the country’s third gold investment fund in May
The fund will be launched in partnership with asset manager Al Ahly Pharos
Soaring Chinese demand pushes global gold prices to all-time high
Chinese demand for gold jewelry rose 10% over the past year, while Indian demand fell 6%
Post for Investment sees revenue and income jump over 30% y-o-y in 2023. PLUS: National Bank of Egypt subsidiary to set up country’s third gold fund
Post for Investment saw its net income climb 32.4% y-o-y to EGP 664 mn in 2023
Goldbug nation
Plus: Rate watchers on both sides of the Atlantic are tripping over themselves trying to suss out when the cuts…
El Sisi ratifies Unified Budget Act amendments. PLUS: News from Masria Digital Payments, Cequens, El Nasr Mining
The amendments will see the budgets of all 59 of the state’s economic bodies and the state budget presented in…
Gulf nations are pushing aggressively into mining in a bid for diversification
Mining presents a promising sector for gulf nations looking to phase out fossil fuels
Two European firms mull USD 270 mn investments in plays on Egypt’s growing gold industry
EGAS has signed off on the two factories’ requests for natural gas supplies
THIS EVENING: Two foreign companies are eyeing sodium cyanide facilities valued at USD 270 mn
Good afternoon, friends, and happy Mother’s Day to all the moms (and honorary mothers) out there. We hope you each…
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