Egypt’s business digest Oct. 1: Egypt’s SCA starts collecting tolls in China’s Yuan
100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. China's central bank said on Tuesday that it will maintain its prudent policy-setting with timely fine-tuning to keep the economy on an even keel while warding off inflationary risks. Picture taken November 5, 2013.

CAIRO: No more browsing from site to site, view the top business news stories on Oct. 1 here:

Egypt’s SCA starts collecting tolls in China’s Yuan

Egyptian Suez Sanal Authority (SCA) Chairperson Mohab Mamish announced that the authority will, for the first time, start collecting cross tolls in Chinese Yuan on Saturday, beside the other international currencies of USD, GBP, EUR, Youm7 reported.

Mamish said that such step could protect the Canal’s revenues from the U,S. dollar fluctuations amid the economic instability in the world.

The China’s Yuan has joined International Monetary Fund (IMF) social drawing rights on Saturday, Bloomberg repowered.


BRIEF-Papa john’s international announces development deal to expand in Egypt

(Reuters) Papa John’s International:

* Papa John’s International announces development deal to expand in Egypt

* Looking for potential franchisees in parts of France, as well as Poland, Germany, Ukraine, Czech Republic and Belgium Source text for Eikon: Further company coverage:


EGX trade volume reaches 2.9 bn EGP over last week

Egypt’s stock exchange trade volume reached 2.9 billion EGP over the past week on a total of 1.588 million securities, compared with 3 billion EGP for 1.625 million securities in the previous week, Youm7 reported Saturday.

The main stock market exchange index EGX30 has declined by 3.39 percent during September, according to EGX monthly report. Meanwhile, EGX 100 has decreased by 2.13 percent, and EGX20 also declined by 4.20 percent, the report added.


USD exchange rate ‘stable,’ reaches 8.88 EGP

The USD exchange rate has been stable against the Egyptian Pound, where it reached Saturday 8.88 EGP for sale and 8.85 for purchase. Euro exchange rate reached 9.93 EGP for purchase and 9.96 EGP for sale.


Elderly persons represent 6.9% of Egyptians population in 2015: CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Saturday that the number of elderly persons reached 6 million (3 million male, 3 million female) in 2015, which represents 6.9 percent of total population (6.7% from males, 7.1% from females).

The Agency added in a report that this figure is expected to increase to 11.5 percent in 2031, according to population estimates in 1/7/2015. The report issued on the occasion of the International day of elderly people (60 years and over).

Recommend to friends

Leave a comment