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Economy summary today, Friday 4-9-2021



Today, Friday 4/9-2021, the announcement of a large number of important economic news, whether local or global, most notably the decline in gold prices in morning dealings today, Friday, in Egypt, at a value of 3 pounds, against the background of the decline in the price of an ounce of gold today from 1757 dollars to 1745 dollars, Imposing final anti-dumping duties on imports of rolled and threaded sticks to reinforce concrete of origin or exported from China, Turkey and Tunisia.


Imposing anti-dumping duties on importing rolled iron bars from 3 countries for 5 years

The Ministry of Industry and Trade decided to impose final anti-dumping duties on imports of rolled sticks that are scheduled to reinforce concrete of origin or exported from the countries of China, Turkey and Tunisia to protect the national economy from the effects of harmful practices in international trade.

  

The Minister of Industry and Trade, Nevin Jameh, agreed in April 2020 to the recommendation of the advisory committee to start an anti-dumping investigation against imports of rolled sticks scheduled to reinforce concrete of origin from the three mentioned countries, and a copy of the questions in the case was sent to the local manufacturers, importers and embassies of countries and notified them of the start of the investigation. .


7.1 billion pounds to finance the green incentive to replace 250,000 obsolete cars in 3 years

Dr. Mohamed Maait, Minister of Finance, confirmed that President Abdel Fattah El-Sisi had specific directives in the presidential initiative to replace obsolete vehicles to work with natural gas, which included providing unprecedented financial incentives and credit facilities. To alleviate the burdens on citizens, encourage local products and localize the auto industry and industries that feed it, to create job opportunities for young people.

 

He explained that the government is committed to implementing these presidential mandates in cooperation with all success partners, as the initiative provides a cost difference, the value of which varies according to the type and model of the new car and the payment system, up to 300 thousand pounds in some "owners" cars and 386 thousand pounds in some "taxi" cars. »; In order to help facilitate the citizens' ownership of advanced, economically saving, and environmentally friendly cars, instead of their obsolete vehicles, which cost them a lot to operate and maintain, and that the installment system reaches 10 years at a flat interest rate of 3%, and a few days ago the first batch of beneficiaries received the keys Their new cars after their aging vehicles were scrapped.


Gold prices are falling 3 pounds ... and 21 karat records 762 pounds per gram

Gold prices fell in morning trading today, Friday, in Egypt by 3 pounds, against the backdrop of the fall in the price of an ounce of gold today from 1757 dollars to 1745 dollars, which is the spot price and accepts the change throughout the trading sessions on gold.

The price of gold today.

Caliber 18 recorded 653 pounds

Caliber 21 recorded 762 pounds

Caliber 24 recorded 871 pounds

The gold pound is 6096 pounds

An ounce of gold is $ 1745


The main index of the Egyptian Stock Exchange declined by 2.47% during the sessions of the past week

The main index of the Egyptian Stock Exchange "EGX30" decreased by 2.47% to close at 10303.55 points, during the sessions of the previous week, and the index of small and medium stocks "EGX 70 is equal weights" fell by 6.82% to close at the level of 1876.56 points. X 100 is equal weights, down by 5.71%, closed at 2794.05 points, and the EGX 30 index of determinant weights recorded a decline of 2.07%, closing at 12665.03 points, and the Nile Stock Exchange index fell by 4.32% to close at 1248.10 points.

 

The market capital of the Egyptian Stock Exchange fell by 10.2 billion pounds during the sessions of the week ended, to close at 642.4 billion pounds, a decrease of 1.6%, and the market capital of the main index fell from 360.5 billion pounds to 352.9 billion pounds, a decrease of 2.1%. Money for the index of small and medium shares from 109.3 billion pounds to 104 billion pounds, a decrease of 4.9%.

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