This exemption was implemented strategically to regulate markets, foster stability, and restore price balance.
Highlighting the exceptional quality and esteemed reputation of Egyptian gold artifacts, Naylor stressed increasing collaborative efforts aimed at bolstering the Egyptian market and exchanging expertise to enhance its standing
The companies include Canada's Lotus Gold, the UK-based Nubian Mines, and Saudi Steps Group, in addition to a Russian company.
This surge in gold imports can be attributed to recent decisions made by the Cabinet, which exempted travelers from paying customs duties and other associated charges, excluding the value-added tax (VAT)
Naguib Sawiris, an Egyptian businessman, announced via a tweet on X, that the initial drilling aims to cover 10,000 meters within two months, with the potential for expansion based on anticipated results.
