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[SITUATION] · [ACTIVE]

50 clusters · 50 sources · 65 days · First seen 2 months ago · Last updated about 15 hours ago

Categories: BUSINESS

Egypt pound steady, gold steadies, savings high

Entities: Central Bank of Egypt · Saudi riyal · Egyptian pound · National Bank of Egypt · Gold

Overview

Through late July and early August 2026 the Egyptian pound remained confined to a narrow 50‑51 EGP per USD band, with major banks quoting around 51.10 EGP for both buying and selling. The Central Bank’s rates (51.07 buy / 51.21 sell) and minor variations among commercial banks underscored a stable foreign‑exchange market. Gulf‑currency quotes also held steady: the Kuwaiti dinar traded between 159.8‑165.6 EGP (buy/sell) and the Jordanian dinar around 71.9‑72.3 EGP, while the UAE dirham, Saudi riyal and Qatari riyal stayed near their early‑August levels.

Gold prices, which had surged in July, showed a modest regional pull‑back on 1 August 2026, with 21‑karat gold in Kuwait falling to 5,885‑5,935 EGP per gram and Saudi 24‑karat gold listed at 487 SAR per gram. Egyptian market quotes on 2 August 2026 were largely unchanged, with 21‑karat gold at 5,885‑5,935 EGP and 24‑karat at 6,725‑6,782 EGP per gram. The World Gold Council noted a 6 % rise in Egyptian gold‑bar and coin purchases to 6.2 tonnes in Q2 2026, while jewelry demand slipped 4.3 % to 11.1 tonnes, reflecting high inflation and a volatile local currency.

High‑yield savings certificates continued to dominate, offering rates near 17‑22 % despite inflation hovering around 14 %. Overall, the pound stayed calm, gold prices steadied after a brief dip, and savings products remained attractive in the monetary landscape.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 3 SOURCES] Egypt’s leading index fell 1% and Commercial International Bank shares fell 0.9% on Sunday. (7af37eb5-3d98-454d-8dc4-c16416d23637)
[● 2 SOURCES] Houthi rebels attacked Saudi oil facilities at two Red Sea ports on Saturday. (ca79d64e-1466-49d8-9877-c2df663b4246)
[● 2 SOURCES] Saudi Arabia's benchmark index fell 0.3% on Sunday. (ca79d64e-1466-49d8-9877-c2df663b4246)
[● 2 SOURCES] Saudi Aramco shares fell 0.9% after the attacks. (ca79d64e-1466-49d8-9877-c2df663b4246)
[● 2 SOURCES] Saudi French Bank shares fell 4% after trading without dividend rights. (ca79d64e-1466-49d8-9877-c2df663b4246)
[● 2 SOURCES] The price of a 21‑carat gram of gold in Egypt rose by about 45 EGP to 5,930 EGP per gram on July 30, 2026. (Price data reported in Egyptian market articles.)
[● 2 SOURCES] The price of a 24‑carat gram of gold in Egypt reached roughly 6,777 EGP per gram on July 30, 2026. (Reported price listings.)
[● 2 SOURCES] The price of an 18‑carat gram of gold in Egypt rose to about 5,083 EGP per gram on July 30, 2026. (Market reports.)
[● 2 SOURCES] The price of 21‑karat gold in Egypt was about 5,950 EGP per gram on 31 July 2026. (price listings in Egyptian gold markets)
[● 2 SOURCES] The price of 24‑karat gold in Egypt was about 6,800 EGP per gram on 31 July 2026. (price listings in Egyptian gold markets)
[○ 1 SOURCE] Lloyd’s insurers stopped issuing war‑risk coverage for Saudi‑linked vessels after the attacks. (ca79d64e-1466-49d8-9877-c2df663b4246)

Timeline

about 15 hours ago

[BUSINESS] 4 sources
Egypt gold prices hold steady on Aug 2, 2026
On 2 Aug 2026 Egyptian gold prices were stable: 21‑carat at 5,935 EGP buy, 5,885 EGP sell; 24‑carat at 6,782/6,725 EGP; gold ounce at $4,045.37. Jewelry demand fell, bars and coins rose.
3 days ago

[BUSINESS] 5 sources
Gold prices dip in Kuwait and Saudi Arabia on Saturday
Gold prices slipped on Saturday in Kuwait and Saudi Arabia, with 21‑karat gold around 5,935 EGP in Kuwait and 24‑karat at 487 SAR in Saudi Arabia.
3 days ago

[BUSINESS] 4 sources
Egyptian banks report stable USD, Kuwaiti and Jordanian currency rates against the pound
Egyptian banks show stable exchange rates: USD around 51 EGP, Kuwaiti dinar near 160‑165 EGP, Jordanian dinar about 72 EGP, with minor bank‑to‑bank differences.
5 days ago

[BUSINESS] 7 sources
Egypt gold prices jump as US Fed holds rates
Egyptian gold prices surged on July 30, 2026 after the US Fed left rates unchanged, with 21‑carat grams hitting 5,930 EGP and the global ounce rising to about 4,081 USD.
7 days ago

[BUSINESS] 3 sources
Egyptian banks publish Saudi riyal and Omani rial rates on July 26, 2026
Egyptian banks on July 26, 2026 listed Saudi riyal rates around 13.6‑13.7 EGP and Omani rial rates near 133 EGP, with the Central Bank of Egypt providing reference rates.
12 days ago

[BUSINESS] 4 sources
Egyptian market prices slip on gold, dollar, poultry and eggs
On 23 July 2026, Egypt saw modest price drops: gold steadied near 4 121 USD/ounce, the dollar about 50.5 EGP, white chicken 59 EGP/kg, and egg cartons around 88‑130 EGP.
14 days ago

[BUSINESS] 6 sources
Egypt's Gold Prices Stabilize as Global Ounce Falls
Egypt's gold prices held steady on July 21, with 24‑carat at 6,668 EGP/gram, while non‑cash gold imports surged 949% to $209 million in April.
14 days ago

[BUSINESS] 6 sources
US dollar steadies near weekly high as Middle East tensions influence markets
The US dollar steadied near a weekly high as Middle East tensions kept markets wary; gold slipped to $4,008/oz, Bitcoin hovered around $64k, and Egyptian banks saw only slight dollar‑pound moves.
16 days ago

[BUSINESS] 4 sources
Egyptian banks roll out high‑yield savings certificates
Egyptian banks, backed by a 19% deposit rate, launch savings certificates offering fixed, stepped or variable yields up to 22% annually, with low entry amounts, to counter 14% inflation.
16 days ago

[BUSINESS] 11 sources
Gold prices slide to biggest weekly loss as yields rise
Gold fell 2.5% to $4,017/oz, the sharpest weekly drop since June, driven by higher U.S. yields and a strong dollar. Egypt saw 21‑karat at EGP 5,810/g, while Palestine’s prices stayed stable.
18 days ago

[BUSINESS] 7 sources
Egyptian Pound Slides, Gold Prices Fluctuate Amid Market Pressures
The dollar hovered near 50.5 EGP in Egyptian banks on 16‑17 July, while gold bars stayed stable but retail gold prices fell modestly, and gram prices rose by about 20 EGP amid global market shifts.
20 days ago

[BUSINESS] 2 sources
Egyptian banks publish daily Kuwaiti dinar and UAE dirham rates
Egyptian banks reported daily rates for the Kuwaiti dinar (≈158‑164 EGP) on 13 July and the UAE dirham (≈13.61 EGP) on 14 July 2026, with minor variations across institutions.
23 days ago

[BUSINESS] 4 sources
Egyptian banks report stable dollar and euro rates against the pound on July 13‑14, 2026
On July 13‑14, 2026 Egyptian banks listed the US dollar near 49.8‑50 EGP and the euro near 56.6‑57 EGP, showing relative stability in foreign‑exchange rates.
25 days ago

[BUSINESS] 3 sources
Egypt and Kuwait Central Banks Hold Interest Rates Steady
Egypt’s central bank met to decide policy rates while Kuwait’s central bank is expected to keep rates at 19%/20%, citing lower inflation and stable macro conditions.
25 days ago

[BUSINESS] 4 sources
Egyptian gold price steadies near 5,840 EGP per gram
Egypt's 21‑carat gold price stabilized near 5,840 EGP per gram as the global ounce hovered around $4,145, amid a weaker dollar (~49.5 EGP), high U.S. Treasury yields and rising Chinese gold demand.
26 days ago

[BUSINESS] 4 sources
Egyptian pound approaches 50 per US dollar as banks post rates
The US dollar neared 50 EGP on 9 July 2026, with the Central Bank at 49.57/49.71 and banks quoting similar rates; QNB led buying at 49.63 EGP, Bank Cairo lowest selling at 48.92 EGP.
28 days ago

[BUSINESS] 4 sources
Egyptian Central Bank likely to hold rates at July 9 meeting
Egyptian experts expect the Central Bank to keep rates unchanged at its July 9 meeting, as banks raise savings‑certificate yields and inflation eases.
29 days ago

[BUSINESS] 4 sources
Gold prices fall in Egypt as euro drops against the Egyptian pound
Egyptian gold prices slipped to 5,825 EGP/gram while the euro fell to 55 EGP, and global gold fell to $4,155/oz, affecting traders in Egypt and Santa Cruz.
30 days ago

[BUSINESS] 4 sources
Egyptian pound steadies as US dollar falls to about 48.85 per pound
Early July 2026 saw the US dollar drop to about 48.85 Egyptian pounds, with rates stabilising across banks and the Central Bank keeping policy rates steady.
about 1 month ago

[BUSINESS] 2 sources
Egyptian gold prices dip slightly as 21‑carat falls to 5,835‑5,860 EGP per gram
Egyptian gold prices shifted modestly in early July 2026, with 21‑carat falling to 5,835 EGP on 6 July and rising to 5,860 EGP on 7 July; 24‑carat stayed near 6,670 EGP, and the ounce price hovered around $4,14
about 1 month ago

[BUSINESS] 2 sources
Gold Prices Slip to Seven-Month Low as Fed Rate Outlook Fuels Sell‑off
Gold fell over 1% to a seven‑month low, hitting its first quarterly drop since 2013 amid rising U.S. bond yields, a strong dollar and expectations of further Fed rate hikes; silver also fell.
about 1 month ago

[BUSINESS] 2 sources
Goldman Sachs forecasts Egyptian pound gains, says local business leader
Goldman Sachs expects the Egyptian pound to strengthen to 49 EGP per dollar in three months and 46 EGP in a year, a outlook hailed by business leader Mohamed Attia Al‑Fayoumi as a sign of rising international‑
about 1 month ago

[BUSINESS] 4 sources
Gold Prices Dip to Monthly Low as US Rate‑Hike Outlook Dampens Demand
Gold fell >1% to its lowest level since 2008 amid US rate‑hike expectations; in Egypt gold stayed around 6,543 EGP/oz while the pound slipped to about 49.2 EGP per USD.
about 1 month ago

[BUSINESS] 5 sources
Egypt sees slight dip in dollar and euro rates, Saudi riyal stays below 14 pounds
On June 28‑29 2026 Egyptian banks listed the dollar at about 49.4 E£, the euro near 56.2 E£ and the Saudi riyal below 14 E£, with minor fluctuations across banks.
about 1 month ago

[BUSINESS] 2 sources
Egyptian pound steadies at about 49.5 per US dollar
The US dollar hovered around 49.5 Egyptian pounds on 27‑28 June 2026, with minor differences across major Egyptian banks.
about 1 month ago

[BUSINESS] 2 sources
Market Analysts Forecast Gold Drop to $3,700 and Call Dollar Rise Speculative
Analysts predict gold could slide to $3,700 due to manipulation, while the Argentine dollar rise is deemed speculative despite solid macro fundamentals.
about 1 month ago

[BUSINESS] 2 sources
Egyptian banks lift savings‑certificate yields to as high as 19.5%
Egypt’s National Bank and Bank of Egypt raised savings‑certificate yields, with variable rates now up to 19.5% and 19.25% annually, after the central bank’s rate hikes.
about 1 month ago

[BUSINESS] 3 sources
Egyptian banks list US dollar rates for June 26, 2026
Egyptian banks posted US dollar rates (≈49.47 EGP buy, 49.57 EGP sell) and Saudi riyal rates (≈13.1‑13.3 EGP) on 26 June 2026 amid a weekend holiday and after a 200‑bp rate hike and treasury‑bill issuance.
about 1 month ago

[BUSINESS] 4 sources
Gold Prices Drop to Seven‑Month Low Amid Strong Dollar
Gold fell to $3,993/oz, a seven‑month low, as the strong dollar and expectations of three Fed rate hikes pressure the market; silver, platinum and regional prices also slipped.
about 1 month ago

[BUSINESS] 18 sources
Gold prices tumble as US dollar hits multi‑year highs and Fed rate hikes loom
Gold fell 2‑3 % to about $4,100 as the US dollar hit multi‑year highs and Fed rate hikes are expected, dragging down silver, platinum and palladium.
about 1 month ago

[BUSINESS] 2 sources
Egyptian banks boost savings‑certificate yields to record highs
Bank Misr and the National Bank of Egypt raised savings‑certificate rates, with new yields up to 19.96% and 19.5% respectively, to improve returns for depositors.
about 1 month ago

[BUSINESS] 4 sources
Egypt's Economy Strained by Strong Dollar, Falling Gold Prices and IMF Talks
Euro hovers near 57 EGP, gold drops over 2 % as a strong dollar pressures Egypt’s budget and sparks IMF partnership talks; regional gold prices rise in Kuwait and Palestine.
about 1 month ago

[BUSINESS] 2 sources
Gold Prices Slip as US Dollar Rises, Prompting Egyptian Bank to Raise Savings Rates
Gold fell over 2% on a strong US dollar and Fed hawkishness, while Egypt's National Bank lifted its platinum savings certificate rate to 17.25% amid market volatility.
about 1 month ago

[BUSINESS] 2 sources
Egyptian Pound Strengthens as Dollar Drops Below 50 EGP
The dollar fell below 50 Egyptian pounds as regional tensions eased, attracting foreign investment and IMF/EU funding, and may keep the rate around 47‑48 EGP.
about 1 month ago

[BUSINESS] 2 sources
Gold Prices Drop in Egypt and Yemen as US Dollar Hits Record
Gold prices fell in Egypt and Yemen as the US dollar surged, with Egyptian 21‑carat gold around 6,125 EGP and Yemeni gold dropping sharply to 1.5 million YER in Aden.
about 2 months ago

[BUSINESS] 2 sources
Egyptian Pound Surges to World's Top-Performing Currency Amid Oil Price Drop
Egypt’s pound rose over 7 % versus the dollar, becoming the world’s top‑performing currency as oil prices fell after a US‑Iran deal, boosting reserves, bonds and investor confidence.
about 2 months ago

[BUSINESS] 2 sources
Egypt gold prices dip amid global market slowdown
Egypt's gold prices dropped sharply, mirroring a global ounce decline, as the pound weakens and geopolitical tensions spur gold sales; analysts see a possible rebound and buying chance.
about 2 months ago

[BUSINESS] 2 sources
Egyptian pound stabilizes as US dollar and euro rates hold steady at banks
On 14 June 2026, US dollar and euro rates stayed stable against the Egyptian pound, with central‑bank and commercial‑bank quotes hovering around 52 EGP per dollar and 60 EGP per euro.
about 2 months ago

[BUSINESS] 3 sources
Egyptian pound holds steady as AED and USD rates show little change
Egyptian pound stayed stable on June 13 as AED and USD rates showed minimal change; May inflation dropped to 1.6 % and annual inflation eased to 13.8 %.
about 2 months ago

[BUSINESS] 2 sources
Saudi riyal holds steady against Egyptian pound on June 11, 2026
On 11 June 2026, the Saudi riyal traded at 13.75‑13.79 EGP (buy) and 13.81‑13.84 EGP (sell) across Egyptian banks, while the Kuwaiti dinar hovered around 164‑166 EGP (buy) and 169 EGP (sell).
about 2 months ago

[BUSINESS] 3 sources
Gold Prices Slip Globally, Falling Below $4,200 per Ounce
Gold fell to $4,191 per ounce, marking a 3.2% weekly loss, while Egypt’s 21‑carat gold slipped to ~6,185 EGP per gram amid Fed rate‑hike fears and geopolitical shifts.
about 2 months ago

[BUSINESS] 2 sources
Egypt gold price drops to 50,000 pounds amid global market shifts
Egypt's gold price fell to 50,000 pounds per ounce, with 21‑carat gold at 6,235 EGP as a stronger dollar and US‑Iran tensions pressure the market.
about 2 months ago

[BUSINESS] 2 sources
US dollar price in Egypt drops below 52 pounds
The US dollar fell to under 52 Egyptian pounds in bank rates on June 9‑10 2026, with rates ranging from 51.57 to 51.90 LE across major Egyptian banks.
about 2 months ago

[BUSINESS] 2 sources
US Dollar stabilizes near 52 Egyptian pounds across banks
The US dollar stayed steady around 52 Egyptian pounds on June 8‑9 2026, with minimal variance across Egyptian banks, reflecting a balanced FX market.
about 2 months ago

[BUSINESS] 2 sources
Egypt gold prices drop on June 7, 2026
Egyptian gold prices fell on June 7 2026, with 24 karat at 7,350 EGP/gram and 21 karat at 6,430 EGP, amid a global ounce price of $4,430.
about 2 months ago

[BUSINESS] 2 sources
Egyptian pound holds near 51.8 per US dollar amid stable bank rates
Egyptian pound stayed around 51.8 EGP per US dollar on June 7‑8 2026, with euro, dinar, riyal and dirham also stable across major Egyptian banks.
about 2 months ago

[BUSINESS] 2 sources
Egyptian gold bar prices steady on June 7, 2026
Egyptian gold bar prices were stable on 7 June 2026, with a 1 g bar at 7.592 EGP; global spot gold fell to $4,328 amid strong U.S. jobs data.
2 months ago

[BUSINESS] 2 sources
Gold prices rise in Saudi Arabia and Egypt as global spot hits $4,527 per ounce
Gold prices in Saudi Arabia and Egypt rose modestly as the global spot price reached $4,527 per ounce.
2 months ago

[BUSINESS] 6 sources
Egyptian dollar slides as gold prices rise across karats on June 1 2026
On 1 June 2026 the Egyptian dollar fell to around 52.15‑52.39 EGP, while gold rose across all karats in Egypt and Saudi Arabia, with the gram hitting 7,709 EGP and 547 SAR respectively.
2 months ago

[BUSINESS] 2 sources
Gold prices in Egypt and Sudan dip amid Eid holiday
Egypt’s 24‑karat gold stayed stable after Eid, while Sudan’s gold fell $150 per ounce amid cash shortages and reduced trading during the holiday.

Sources

1956.mandiner.hu · africa.businessinsider.com · akhbaralasr.com · alahalygate.com · alaraby.co.uk · albiladdaily.com · almanartv.com.lb · alnilin.com · alsadaranews.com · althawrah.ye · alwakeelnews.com · anbaaalyoumeg.com · arabic.sputniknews.com · bnokonline.com · businesselitesafrica.com · capitalradio.es · cedarnews.net · dailynewsegypt.com · dimokratianews.gr · economiematin.fr · economytoday.sigmalive.com · elaosboa.com · elbalad.news · eldyar.net · elzmannews.com · europesays.com · forceofnature.com · fortunegreece.com · grantthornton.es · insider.gr · media.almashhad-alyemeni.com · misr365.com · mononews.gr · myportal.gr · nouvelles-du-monde.com · okazalyoum.com · palsawa.com · perfil.com · prismaradio.gr · rowadalaamal.com · sabaharabi.com · sadaelomma.com · sana.sy · shms.ps · thesudantimes.com · tiemposur.com.ar · vetogate.com · world-today-journal.com

This summary has been updated 6 times: see revision history