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Hamahami Discusses Ways to Boost Egypt's Gold Jewelry Exports with Industry Manufacturers

Waleed Farouk Dr. Hamdy Hamahami, Head of the Egyptian Assay and Weights Authority, held an extensive meeting with representatives of the Gold and Precious Metals Division at the Federation of Egyptian Industries to explore mechanisms for enhancing Egypt's exports of gold jewelry and addressing the challenges facing manufacturers in this vital sector. The discussions focused on developing the legislative and regulatory framework to facilitate export procedures and open new international markets for Egyptian gold products, especially amid growing regional and global competition in the industry. Dr. Hamahami affirmed the Authority's commitment to supporting local industry and strengthening cooperation with manufacturers and artisans to increase exports and contribute greater value to the national economy. He also noted that the coming period will see a modernization of operational systems, particularly in hallmarking and pricing methods, to align with international standards. For their part, division representatives highlighted the key obstacles facing exporters, especially regarding customs procedures and certification processes for export-ready gold products. They emphasized that Egypt's gold market has the potential to achieve major breakthroughs if the right investment climate is provided and support mechanisms are activated. Both sides agreed to maintain ongoing coordination in the coming period and to work on developing a clear action plan to boost the global competitiveness of Egyptian gold jewelry, in line with the state's goals to increase foreign currency revenues and expand non-oil exports. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand