Day: September 14, 2024

Egypt’s net International Reserves (NIR) climbed to USD 46.597 billion (EGP 2.25 trillion) in August from USD 46.49 billion (EGP 2.25 trillion) in July, representing a gain of approximately USD 110 million (EGP 5.32 billion), according to data from the Central Bank of Egypt. Egypt’s NIR, also known as foreign…

Global gold prices hit new record levels on Friday, as gold futures rose by one percent to reach US$2,606 per ounce, while spot contracts rose by 0.75 percent to reach $2,578 per ounce. This rise comes amid the weakness of the US dollar and high expectations of a US interest…