UPDATE: Egypt’s business digest Oct. 1: CBE governor briefs Sisi on outcome of Germany visit
Central Bank of Egypt Governor Tarek Amer - Youm7 Archive


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CBE governor briefs Sisi on outcome of Germany visit

President Abdel Fatah El Sisi met with Central Bank of Egypt (CBE) Governor Tareq Amer on Sunday to review the outcome of the latter’s visit to Germany for talks on promoting financial cooperation between the two countries, Youm7 reported,

Amer visited Germany on Monday to discuss the country’s support for the deal between Egypt and the International Monetary Fund, which includes an extended fund facility program worth about $12 billion, to be provided over three years.


Nasr, WB delegation discuss social housing program

International Cooperation Minister Sahar Nasr met on Saturday with the visiting World Bank delegation for talks on latest development achieved in implementing a comprehensive program to fund social housing projects, Youm7 reported.

A total of 53,000 families have benefited from the program, which worth $500 m, said Nasr adding that it is expected to serve 820,000 low-income families by 2020.


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).

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