Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Gold prices in Egypt stabilized on Tuesday morning, August 26, 2025, after limited declines yesterday evening amid a global ounce price drop. The 21-carat gold was around 4565 EGP per gram, and the gold pound was 36,520 EGP. Markets await the US Federal Reserve's September interest rate decision with increased odds of a cut to 84.1%.
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Mansour MG in Egypt launched the new MG HS Hybrid 2026, offering advanced performance, elegant design, and modern technologies, priced from 1,450,000 EGP with a 6-year or 150,000 km warranty.
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Gold prices reached a two-week high on Tuesday as the dollar fell following the dismissal of Federal Reserve Board member Lisa Cook by U.S. President Donald Trump.
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Dakahlia Governorate focuses on developing Gomsa Industrial Zone by expanding infrastructure and area to 835 feddans with 453 existing factories and plans for 130 new factories, enhancing security and environmental services.
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U.S. President Donald Trump fired Lisa Cook from the Federal Reserve Board following allegations of real estate fraud, marking a sharp escalation in his efforts to control the central bank.
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On August 26, 2025, the US dollar exchange rate at the Central Bank of Egypt was 48.44 EGP for buying and 48.57 EGP for selling, with similar stability in major Egyptian banks such as the National Bank, Banque Misr, Bank of Cairo, and CIB.
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The price of 18-carat gold in the UAE is about 309.50 AED with local price stability. Globally, gold ounce prices rose 0.4% to 3358 USD per ounce.
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Art producer Sara Khalifa denied money laundering charges before the Financial Prosecution, stating her income is solely from an event management company. She was detained for 4 days pending investigations related to money laundering and narcotics possession.
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Dr. Abdel Wahab Ghoneim confirmed that Egypt's digital payments sector has experienced strong growth over the past five years, supported by many fintech startups valued at nearly $230 million.
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A ceremony at Byblos port honored 20 Lebanese cities preserving Phoenician heritage during the Phoenician Tourist Route event sponsored by Lebanese ministries and cultural institutions.
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