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Egypt pound median o/n rate rate rises to 11.7 pct |
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Written by Egypt News
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Thursday, 13 November 2008 |
The median overnight interbank rate on the Egyptian pound rose to 11.7
percent on Thursday from 11.525 percent on Wednesday, with the market
liquid and traders awaiting long-dated treasury bill auctions, traders
said
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Egypt SC profit rises on local demand |
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Written by Egypt News
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Thursday, 13 November 2008 |
Egyptian largest cement maker by market value, Suez Cement posted a 14
percent rise in nine-month profit to 913.4 million Egyptian pounds as
sales within Egypt rose
The company did not give further details in a release to the Egyptian
stock exchange. Its subsidiary Helwan Cement said its profit for the
first nine months of the year rose 38 percent to 451.6 million pounds.
Suez is in turn a subsidiary of Italcementi.
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OVL, IRP Red Sea strike oil in Egypt |
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Written by Egypt News
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Thursday, 13 November 2008 |
ONGC Videsh (OVL) and its partner IRP Red Sea Inc have made a second oil discovery in an offshore block in Egypt
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TE Q3 profit up on Vodafone, traffic:UPDATE |
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Written by Egypt News
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Thursday, 13 November 2008 |
Telecom Egypt ETEL.CA said its third quarter profit jumped nearly 35 percent, helped by gains on its investment in mobile operator Vodafone Egypt and more mobile traffic on its network
Egypt's fixed-line monopoly also said it had agreed with Egypt's Orascom Telecom ORTE.CA to liquidate their joint venture in Algeria.
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