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09-Aug-2016

El Sewedy: Minister of Trade and Industry promises reduction in gas prices

Mohamed Zaki El Sewedy, Chairman of the Federation of Egyptian Industries, noted, after a conversation with Tarek Kabil, Trade and Industry Minister, that the Minister had promised to reduce gas prices for steel manufacturers as of September 2016. (Al Alam Al Youm) Elsewedy Electric: EGP47.08 as of 8 August 2016, Rating: Buy, FV: EGP57.30 per share, MCap: USD1,185 million, SWDY EY / SWDY.CA

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