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Madbouly in Amman for talks. PLUS: Temperatures set to cool slightly this week
Expect highs of 36°C in the capital, sliding to 34°C by the weekend
Egyptian demand for gold hits record high in 2Q 2023
Egyptians have bought the same quantities of gold since the beginning of 2022 as they did in the preceding 11…
Oil Ministry reaches framework mining agreement with key gold players
The Oil Ministry, Centamin, and Barrick reached agreements on commercial, fiscal, and legal terms
MEDCOM signs EGP 1 bn MoU to develop infrastructure at Madinet Masr’s Taj City. PLUS: New mining exploration tender, Shanghai Shengda
The contractor will develop the water system, lighting, road networks and utilities in several areas of the development
Centamin, Barrick to ink seven gold exploration licenses
The government will receive 50% of the profits from any commercial discoveries
Chinese delegation visits SCZone
Chinese firms recently agreed to invest hundreds of mns of USD in the zone
Gold jewelry dues in the spotlight on the talk shows
Gold bars lighter than 100 grams will now be considered jewelry and subject to processing fees
Money bills and gold bars dominate the airwaves
New plastic EGP 20 notes feature Queen Cleopatra and the Muhammad Ali Mosque
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