Economy Brief: A significant decline in gold prices globally .. and 21 karat drops to 1112 pounds

Today, Thursday, 9-15-2022, witnessed a large number of important economic news, whether local or international, most notably a significant decline in gold prices globally.. 21 grams in Egypt fell to 1112 pounds, and the Ministry of Planning announced 400 billion dollars to bridge the climate financing gap in the Arab region. .and other us news.


A significant decline in gold prices globally.. 21 grams in Egypt drops to 1112 pounds

Gold prices fell today, a little while ago, very slightly, by about one pound only, to record a gram of 21 carat gold, which is the best-selling in Egypt, 1112 pounds per gram, and the global price of gold at the time of drafting these lines was 1685 dollars.



Planning: $400 billion to bridge the climate finance gap in the Arab region

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, participated today, via video conference, in the high-level session on mobilizing climate finance, which was held within the activities of the “Towards” forum. COP27: The Arab Regional Conference on Climate Initiatives to Finance Climate Action and the Sustainable Development Goals”, in the Lebanese capital, Beirut, and is one of five regional forums organized by the Egyptian Presidency of COP 27 with the United Nations High-Level Pioneers on Climate Change and the five United Nations Regional Committees, in the context of preparations for the COP 27 Twenty-seventh Parties.



The head of the Investment Authority discusses with the German Chambers of Industry to increase investments in Egypt

Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones, met Dr. Martin Wanselpen, CEO of the Federation of German Chambers of Industry and Commerce; To set cooperation mechanisms between the two sides to increase German investments in Egypt and maximize the investment partnership between the two countries, in the presence of Jan Noether, CEO of the German-Arab Chamber of Industry and Commerce in Cairo.


Rania Al-Mashat meets with the Secretary of the Economic and Social Committee of ESCWA in Beirut

During her participation in the Arab Regional Forum on Climate Initiatives for Financing Climate Action and the Sustainable Development Goals, held in the Lebanese capital, Beirut, Dr. Rania Al-Mashat, Minister of International Cooperation, met with Dr. Rola Dashti, Executive Secretary of the Economic and Social Commission for Western Asia (ESCWA), where they discussed ways to enhance cooperation. The joint venture, and discussion of national efforts to promote climate finance, the launch of the national platform for green projects, the “Novi” program, and the Sharm El-Sheikh Guide for Fair Finance, as well as development cooperation relations with Italy and Germany, especially at the level of debt swaps for development.



Gas prices in Europe rose 7% to reach $2421 per thousand cubic meters

Gas prices in Europe increased by more than 7%, exceeding the level of $2,400 per thousand cubic meters, and by 7.5%, to reach $2421 per thousand cubic meters..

The futures contracts had opened trading for gas at the level of 2286.3 dollars per thousand cubic meters, according to the Oman News Agency.



Housing: Signing an agreement to manage and operate the cinema complex in the heritage city of New Alamein City

Yesterday evening, the Ministry of Housing, Utilities and Urban Communities witnessed the signing of an agreement to manage and operate the cinema complex, in the Heritage City, in New Alamein City, between City Edge Real Estate Development and the Arab Film Production and Distribution Company, and Mohamed El Dahan, CEO of City Edge. Real Estate Development, and Esaad Younes, Chairman of the Board of Directors of the Arab Company for Film Production and Distribution.


Egypt’s imports of wheat rise to 92 million and 383 thousand dollars last June

Data from the Central Agency for Public Mobilization and Statistics monitored the return of Egyptian wheat imports to a rise again, since the Russian-Ukrainian war at the end of last February.


Mahmoud Mohieldin: 43 projects have been presented in regional forums and will be discussed in Sharm El-Sheikh

Dr. Mahmoud Mohieldin, Climate Pioneer for the Egyptian Presidency of the Conference of Parties to the United Nations Climate Change Conference, said: COP27 The United Nations Special Envoy for Financing the 2030 Agenda for Sustainable Development, that the vision behind the initiative of the five major regional forums on financing climate action launched by the Egyptian Presidency of the Conference of Parties, the United Nations Regional Economic Commissions and the Climate Champions Group, in which the Glasgow Alliance participates in financing the race to zero emissions jvanslies in the confidence that joint regional action will overcome obstacles to financing and implementing climate action in light of the current global challenges.


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