Gold prices edged higher on Monday, February 24th, approaching record levels as a weaker US dollar lent support, while investors awaited key inflation data later this week.

The holy month of Ramadan holds a special significance in Egypt, both spiritually and economically. This year, Ramadan arrives amid a complex economic landscape, marked by a delicate balance between current and expected inflation rates. As is customary, consumer spending surges during Ramadan, which raises crucial questions about what Egyptians prioritize and how they cope with potential price hikes.

Gold prices rose on Monday, February 17th, as the dollar weakened following a decline in US retail sales in January.

Gold prices surged to an all-time high on Tuesday as investors sought safe-haven assets after US President Donald Trump imposed new tariffs on steel and aluminum imports.

Gold prices in Egypt have risen significantly, reflecting global economic pressures.

Gold prices are likely to jump on the back of the current geopolitical tensions, businessman Naguib Sawiris said during the sixth annual Hapi Conference.

Gold prices in the Egyptian market are forecast to go up by 4% by the end of 2024.

Telecom Egypt (WE) has introduced a price hike for both home internet services and recharge cards, which came into effect starting Friday, December 6th.

The Egyptian Prime Minister Mostafa Madbouly has issued two key decisions regarding the pricing and payment mechanisms for natural gas.

Gold prices fell by 1% on December 2nd, ending a four-day rally, as a stronger US dollar weighed on the precious metal.

Global gold prices extended gains for a third consecutive day, driven by heightened Russia-Ukraine war tensions and increased demand for safe-haven assets.

The National Telecom Regulatory Authority (NTRA) has given initial approval to raise the prices of telecommunications services in Egypt.

Global gold prices rose to their highest levels since August, with Goldman Sachs Group forecasting prices to reach $3,000 per ounce in 2025.

Eastern Company’s board has set new prices for its cigarette products, applicable as of Tuesday, November 5th.

The recent fuel price increases imposed by the Egyptian government will not be reflected on the price of subsidized bread, Minister of Supply and Internal Trade Sherif Farouk stated.

The Egyptian government is expected to achieve EGP 80 billion in fuel savings by the end of the current fiscal year (FY) following the recent hike in fuel prices by 11% to 17%.

The Egyptian government will not hike fuel prices further within the coming six months, Prime Minister Moustafa Madbouly stated in a press conference during his visit to Minya on October 19th.

Egypt is planning to reduce wheat import and spend less by incorporating corn or sorghum into the ingredients of subsidized bread.

The National Telecommunications Regulatory Authority (NTRA) is working on increasing telecommunications service prices over the coming period.