The gold market in Egypt experienced another notable decline today, as all gold karat categories dropped in value. The price of 21-karat goldthe most traded in the local markethas stabilized at EGP 4,930, down EGP 70 the start of the day.
Global markets are facing unprecedented pressures amid the escalating tensions between U.S. President Donald Trump and the Federal Reserve. In the midst of this conflict, concerns are rising about the potential impact of political pressures on the Feds independence, which could lead to serious consequences for the U.S. economy.
Gold prices in Egypt have experienced significant gains since the beginning of 2025, with the price of 21-karat gold increasing by EGP 1,045, marking a 28% rise.
NBE renews its ISO 27001 certification for information security and its ISO 27701 certification for privacy management for a new cycle 2025-2028, a testament to the banks commitment to a continuous improvement control culture.
The new rates are set at 25.00% for the deposit rate, 26.00% for the lending rate, and 25.50% for the main operation and discount rate.
Bloomberg reported that Egypt is preparing for its first interest rate cut in nearly five years
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