Qalaa Holding expects to achieve earnings totalling $700m in 2017 due to declining oil prices
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Cement company says it is aiming to increase investments in order to double its production capacity
The Electricity Ministry would first make available $200m in funds in order to purchase and distribute 400,000 tonnes of mazut fuel oil as part of a strategic reserve for the country’s electricity stations.
Ten-thousand employees have also been laid off as a result