Top stories
🇪🇬 EgyptBusiness

Gold pound holds at 50,200 pounds in Egypt

By , based on Youm7

Map: Egypt

The gold pound traded at 50,200 Egyptian pounds on the local market on Sunday 13 September 2026. Prices for different gold categories also showed relative stability, according to an update of prices published by the Egyptian daily Al-Youm al-Sabaa.

The price of the Egyptian gold pound, a coin whose value follows the price of gold, stood at 50,200 Egyptian pounds on Sunday 13 September 2026, according to the latest local market quotations.

Demand for gold jewellery in Egypt reached around 5.2 tonnes in the first quarter, compared with 5.1 tonnes in the previous quarter, but fell by 19% year on year, according to data from the World Gold Council. Prices also remain sensitive to global interest rates and inflation indicators.

Share this article

Related stories

Egypt approves sale of 30% of Banque du Caire

Egypt’s Financial Regulatory Authority has approved the sale of 30% of Banque du Caire, or up to 4.575 billion shares, for about 24.25 billion Egyptian pounds. Orders will be collected from 19 to 23 October 2026, with the final price to be announced by 26 October at the latest, according to Hashem El-Sayed.

🇪🇬 Egypt · Source: Daily News Egypt ·

Import costs shake up Egypt’s automotive market

Egypt’s automotive accessories and spare parts market is being shaken up by rising import and transport costs, exchange-rate fluctuations and the growth of electric vehicles. Badr El Din Automotive Accessories and Tuning presented these developments at the Autotech 2026 exhibition, according to Daily News Egypt.

🇪🇬 Egypt · Source: Daily News Egypt ·

Al-Sissi reaffirms Egypt’s defensive military support for Riyadh

Egyptian President Abdel Fattah al-Sissi has reaffirmed that a proposed military intervention in Saudi Arabia would defend Riyadh’s territory, with no attack on Yemen. The position, previously made public, was set out at the Egypt Forum 2026, according to the Egyptian presidency spokesperson.

🇪🇬 Egypt · Source: Daily News Egypt ·

Eni starts 100 million cubic feet-a-day gas facility in Egypt

Eni has started the second phase of the Meleiha gas project in Egypt’s Western Desert, with a facility capable of processing up to 100 million cubic feet of gas per day. Developed with Agiba Petroleum, a joint venture between Eni and Egypt’s state oil company, the project is expected to strengthen domestic market supplies, according to Eni.

🇪🇬 Egypt · Source: Daily News Egypt ·

🇪🇬 Latest from Egypt

Egypt intensifies crackdown on independent pressEgypt intensifies crackdown on independent pressEgyptian authorities detained the six journalists from Matsadaash, referred Lina Attalah, editor-in-chief of Mada Masr, for trial and summoned Rasha Azab. The procedures illustrate an intensification of the crackdown on independent media, with journalists reporting allegations of torture, according to the Committee to Protect Journalists.All Egypt news →

Business in North Africa

Morocco’s social priorities in 2027 budget to cost 62 billion dirhamsMorocco’s social priorities in 2027 budget to cost 62 billion dirhamsThe social priorities in Morocco’s draft 2027 finance bill are estimated to cost a total of 62 billion dirhams. Economy Minister Fouzi Lekjaa announced the figure while presenting the budget to both chambers of Parliament, according to LeBrief.All Business news →

The week in Africa

This week’s highlights

  1. Ebola: Kenya records two deaths among nine confirmed cases🇰🇪 Kenya
  2. Kabila allies with M23-linked AFC in DR Congo🇨🇩 DR Congo
  3. Strike disrupts supplies to Dakar petrol stations🇸🇳 Senegal
  4. Trump raises prospect of new US attack on Iran🇺🇸 United States
  5. Russia and Ukraine exchange 270 prisoners each🇷🇺 Russia
All of this week’s highlights →

Africa in your inbox

Be the first to get our letter in English: the essentials from every region of the continent, free.

← Back to the news