A new movement in the price of the dollar… and a jump in gold prices… and a bold decision against Ezz Steel… Welcome to the Sunday News Harvest
Starting from the foreign exchange market… where the price of the dollar continued to rise against the Egyptian pound, during the beginning of today’s trading, Sunday, to exceed 50 pounds for purchases in banks.
The price of the dollar recorded about 50.18 pounds for purchase and 50.28 pounds for sale at Abu Dhabi Islamic Bank, and about 50.16 pounds for purchase and 50.26 pounds for sale at the Arab International Bank, and 50.16 pounds for purchase and 50.26 pounds at Faisal Islamic Bank.
The price of the dollar recorded about 50.15 pounds for purchase and 50.25 pounds for sale at the National Bank of Egypt, and about 50.13 pounds for purchase and 50.23 pounds for sale at the Bank of Egypt.
The price of the dollar recorded 50.15 pounds for purchase and 50.25 pounds for sale at the Commercial International Bank.
Let us go to gold prices, which recorded today, Sunday, December 8, 2024, in its last update in Al-Sagha, an increase of about 40 pounds in mid-trading.
The price of a gram of 24 karat gold for sale was about 4,270 pounds, while the price of a gram of 21 karat gold was about 3,740 pounds, while a gram of 18 karat gold was recorded at 3,200 pounds.
The manufacturing of alloys varies according to the design and shape. The alloys may be in the form of plates or conical pieces. The manufacturing of the alloys is determined by mining companies and gold processing factories, and is represented in the way in which the alloy is made, designed, and determined by the caliber and weight.
We go to the management of the Egyptian Stock Exchange, which decided to stop trading in Ezz Steel Company shares, starting from today’s trading session, Sunday, while suspending all offers and requests registered for the company’s shares, based on what was reported from the General Authority for Financial Supervision.
Ezz Steel had disclosed to the London Stock Exchange its audited budget for the fiscal year 2023 in accordance with International Accounting Standards (IFRS), and requested an end to the suspension of trading on international deposit certificates, and it is expected that trading will be allowed to resume at a later time.
The latest news is from the Central Bank of Egypt, which hosted a delegation of financial inclusion experts at the Central Bank of Mauritania to exchange experiences and knowledge between the two sides, and to benefit from the pioneering Egyptian experience in the field of financial education and women’s economic empowerment, in cooperation with the International Alliance for Financial Inclusion.
The visit, which took place recently, included the implementation of a program to exchange experiences at the Central Bank of Egypt on “Implementing Effective Financial Education Strategies,” where the factors for the success of implementing financial education programs in Egypt were presented, which played a major role in increasing financial inclusion rates in recent years to reach 71.5%. According to the rates of June 2024, the role of policy makers with regard to these programs and the importance of establishing strategic partnerships with government agencies and agencies that have large-scale financial programs and other stakeholders working in the field of financial education were also introduced to ensure continued concerted efforts of various State sectors to increase financial awareness for all segments of society.
