Latest news with #ArabFinance
Zawya
2 days ago
- Business
- Zawya
Egypt: Gold prices collectively drop on Wednesday
Arab Finance: The gold prices in Egypt declined on Wednesday, with the 24-karat hitting EGP 5,337.25 per gram for buying and EGP 5,365.75 for selling during the mid-session, according to iSagha's data. The 22-karat gold price also retreated to EGP 4,892.5 for buying and EGP 4,918.5 per gram for selling. Meanwhile, the 21-karat gold dropped to EGP 4,670 per gram for purchasing and EGP 4,695 for selling. The 18-karat gold price registered EGP 4,002.75 per gram for buying and EGP 4,024.25 for selling. Finally, the gold pound's price amounted to EGP 37,360 for purchasing and EGP 37,560 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: EGX ends Tuesday's session with collective gains
Arab Finance: The Egyptian Exchange (EGX) closed Tuesday's trading session in the green zone after the EGX30 index climbed by 3.76% to 32,598.55 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, went up by 3.04% to 3,381.35 points. Both the EGX70 index and the EGX100 index ended the session higher by 3.39% at 9,610.02 points and by 3.36% at 13,088.48 points, respectively. EGX's trading value reached EGP 6.267 billion through the exchange of 1.935 billion shares in 128,446 transactions, while the market cap totaled EGP 2.311 trillion. Arab and foreign traders represented 6.75% and 6.33% of the trading transactions, respectively. The Egyptian investors controlled 86.91%. Retail investors took over 73.9% of the total trading, while the institutions equaled 26.09%. Egyptian and foreign investors were buyers with EGP 78.275 million and EGP 31.416 million, respectively. The Arab traders were sellers with EGP 109.69 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
Gold prices in Egypt collectively decline during mid-session on Monday
Arab Finance: The gold prices in Egypt recorded a collective fall on Monday, with the 24-karat recording to EGP 5,474.25 per gram for purchasing and EGP 5,497.25 for selling during the mid-session, iSagha's data revealed. The 22-karat gold price also retreated to EGP 5,018 for buying and EGP 5,039 per gram for selling. As for the 21-karat gold, the price hit EGP 4,790 per gram for purchasing and EGP 4,810 for selling. The 18-karat gold price amounted to EGP 4,105.75 per gram for buying and EGP 4,122.75 for selling. The gold pound's price stood at EGP 38,320 for purchasing and EGP 38,480 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Mobile phone subscriptions in Egypt hit 120mln in 2024
Arab Finance: Mobile phone subscriptions in Egypt reached nearly 120 million in 2024, accompanied by more than 10% growth in mobile internet usage compared to the previous year, according to official figures. The year also saw the launch of several new services, including embedded SIM cards (eSIM) and Wi-Fi Calling, designed to ensure continuous connectivity, even in remote areas, without imposing additional costs on users. Egypt granted the first 5G network license at the start of 2024. By year-end, all mobile network operators secured licenses as part of a broader strategy to accelerate digital infrastructure and improve national competitiveness. In collaboration with mobile operators, the government has laid out a phased plan for 5G deployment, with initial coverage focusing on major cities, key transportation corridors, and strategic economic zones. Such cooperation guarantees benefiting from the capabilities of these technologies in achieving development and national competitiveness. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Egypt's agricultural exports reach 5.2mln tons in H1 2025
Arab Finance: Egypt's agricultural exports rose to 5.2 million tons during the first half (H1) of 2025, according to figures released by the Ministry of Agriculture and Land Reclamation. Citrus fruits and potatoes topped the list of exported crops, maintaining their position as key contributors to Egypt's agricultural trade. Exports of citrus reached approximately 1.8 million tons, while potato exports stood at 1.2 million tons. Fresh onion exports totaled around 168,000 tons, followed by exports of fresh and dried beans with 136,000 tons and tomatoes with 103,000 tons. Other leading export crops included grapes, strawberries, garlic, guava, and pomegranates, reflecting the breadth of Egypt's agricultural portfolio. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
