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المصري اليوم
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Al-Masry Al-Youm Morning Update: Gold, dollar, weather, and 2026 electricity rates
This article discusses the latest economic and weather updates in Egypt for Saturday, August 1, 2026. The price of gold has decreased significantly, with the 21-karat gram dropping by about 10 Egyptian pounds. The US dollar has risen against the Egyptian pound, maintaining its stability after increasing in banks, with gains ranging between 42 and 50 piastres. Temperatures have peaked in Cairo and Upper Egypt, reaching between 40 and 43 degrees Celsius, with expectations of higher humidity values that will affect perceived heat. Additionally, the Ministry of Electricity announced a new increase of approximately 12% in electricity consumption tariffs, while the price of the first slab remains fixed at 68 piastres per kilowatt, supported by a government subsidy covering up to 75%.
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