Gold - Archive By SAMAH LABIB - Translated by AMANY SABER EGYPT: “The price of gold decreased to four EGP (U.S. $0.67) last week. A mass of 18-carat at a record of 232.25 EGP (U.S. $38.87), 21-carat gold reached 271 EGP (U.S. $45.36) per gram, 24-carat at 309.75 EGP (U.S. $51.84), and a pound of gold at 2,168 EGP (U.S. $362.85),” said a member of the board of directors of the general division of jewelry trade of chambers of commerce union, Ehab Wasef. Wasef said recession affected Egypt’s gold markets but begun to revive during this current phase. The security disorder, parliamentary elections and gold shop owners’ anxiety make costumers hesitate to buy gold. Gold shop owners are following the events carefully in order to close their shops if any troubles take place. Wasef also said the production of gold during 2011 is less than what was produced in 2010. Although many new shapes ar...
Venice Festival Opens The 65th Venice Film Festival, ‘The Ides of March,’ opened this weekend. There were many celebrities present, including George Clooney, Madonna, Colin Firth, Kate Winslet, Keira Knightley, Evan Rachel Wood and Jude Law.
CAIRO: Egypt’s Coptic Christians mourned their dead at a Cairo cathedral today after last night’s deadly Maspiro clashes. At least 24 people were killed in last night’s clashes, including 17 Copts.