11. Saudi Arabian stocks rose, led by Saudi British Bank, amid higher earnings posted by Saudi companies in the third quarter, apart from the cement industry. 12. The biggest decline in output was suffered by the cement industry, followed by makers of chemicals and automobiles. 13. Aside from vociferous NEDA and DOF opposition, failure of the cement industry to meet BOI guidelines caused the agency to strike it from the list, Salazar said. 14. Board officials said government should keep up its support of the cement industry to prevent a projected cement shortage in two years. 15. Board officials said government should continue supporting the cement industry to prevent a projected cement shortage in two years. 16. Egypt has been expanding its cement industry to meet domestic demand, mainly for construction sites in new tourist areas. 17. Finance and economic planning officials said the cement industry, which government had supported for years, could already survive global competition without help from government. 18. Tenders are likely to be issued after the ministry and the cement industry come to a firm agreement on equity participation. 19. The BOI maintains that government should continue supporting the cement industry to prevent a projected cement shortage in two years. 20. The ministry wants the cement industry to come up with the capital. |
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