Tag: Gold

iSagha does not compete with gold companies, actually aims to maximise their sales: CEO

Company's capital estimated at EGP 5.5m, of which 10% contributed by Flat6labs

Walid Farouk Walid Farouk

Saudi Al Romaizan plans to launch EGP 500m gold factory in Egypt

The company has completed all technical and feasibility studies of the project…

Walid Farouk Walid Farouk

Gold in FX reserves up by $69m in June 2019

FX reserves increased to $44.352bn end of May: CBE

Hossam Mounir Hossam Mounir

Discounting weight of crystal stones when returning jewellery disrupts Egyptian gold market

Issue opens the way for fraud, stealing citizens' gold savings, turning them…

Walid Farouk Walid Farouk

Gold Traders Syndicate warns shops from spread of counterfeit gold

Dealing with official invoices, checking gold, prevents traders getting involved in robbery…

Walid Farouk Walid Farouk

Recession hits gold market in Ramadan

Increase in companies’ demand indicates recovery after the season, says Rezk

Walid Farouk Walid Farouk

Sales of gold jewellery reached 9.6 tonnes in 2018: MD of New Egypt Gold Group

Group owns 6 companies, accounting for 30% of local production

Walid Farouk Walid Farouk

Fake bullion coins spread in Egypt’s gold market

90% of gold bullion coins traded in Egypt are not incompatible with…

Walid Farouk Walid Farouk

Believe it or not, trading of used gold jewellery is illegal in Egypt

Egyptians prefer used gold jewellery as savings tool instead of gold bullion,…

Walid Farouk Walid Farouk

Egyptians bought 362.9 tonnes of gold in 9 years: World Gold Council

The year 2016 saw largest sale of Egyptians of gold to reap…

Walid Farouk Walid Farouk