** Earnings Watch: Qalaa Holdings reported a net loss after minority interest of EGP 207.6 mn in 3Q2016 compared to a net loss of EGP 135.7 mn in 3Q2015, according to a company statement (pdf). “Our primary focus over the coming period will be to manage our foreign currency risk particularly with regard to our USD-denominated debt at the Qalaa Holdings level,” said Qalaa Holdings Co-Founder and Managing Director Hisham El-Khazindar. “In that regard, Qalaa will continue to push forward with its divestment strategy, with a focus on exiting assets that would generate USD-denominated proceeds to be channeled towards debt repayment at both the holding and platform levels. These assets could include Sudan’s Al-Takamol Cement and Algeria’s Djelfa Cement.”