Egypt’s state-owned holding company for engineering industries (HCEI) recently announced that its 12 subsidiaries had experienced losses totaling 218 million Egyptian pounds ($48 million) during the year 2001, down 28 percent from the EP305 million losses incurred by the affiliate companies in the previous year of 2000, reported Al-Gomhuria . — (menareport.com)
© 2001 Mena Report (www.menareport.com)
