Ashraf Salman

Govt could expand to short-staple cotton to restructure textile companies
Business

Govt could expand to short-staple cotton to restructure textile companies

The government might expand the country’s cotton production to include the cultivation of short-staple cotton as part of a restructuring…
Egypt to ask China for LE7-8 bn electricity upgrade loans
Business

Egypt to ask China for LE7-8 bn electricity upgrade loans

Egypt is planning to ask for a Chinese loan worth between LE7-8 billion to finance upgrades to its electricity network,…
Financial leasing contribution to GDP less than 1%: minister
Egypt

Financial leasing contribution to GDP less than 1%: minister

Investment Minister Ashraf Salman announced that the contribution of financial leasing to the GDP is less than one percent, which…
Minister: Clearing, settlement to be conducted with stock market investors
Business

Minister: Clearing, settlement to be conducted with stock market investors

Investment Minister Ashraf Salman has announced that the ministery is conducting a clearing and settlement with stock market investors with…
Investment Ministry to restructure 125 businesses
Business

Investment Ministry to restructure 125 businesses

The assets management committee, headed by Investment Minister Ashraf Salman, has decided to stop the sale of productive assets or…
Minister: Government targets increasing coal investments up to US$30 billion
Business

Minister: Government targets increasing coal investments up to US$30 billion

Government plans to increase its investment in the coal sector to up to US$30 billion in five years, according to…
Investment minister vows to reduce bureaucracy
Egypt

Investment minister vows to reduce bureaucracy

Egypt’s Investment Minister Ashraf Salman vowed on Wednesday to fight bureaucracy, which he considers to be a daunting challenge to…
UPDATED: Reports conflicting on the financier of Egypt’s new capital
Business

UPDATED: Reports conflicting on the financier of Egypt’s new capital

Conflicting reports have emerged over the identity of the Emirati company that will finance the US$45 billion new administrative capital…
Egypt cancels 5% wealth tax ahead of EEDC
Business

Egypt cancels 5% wealth tax ahead of EEDC

                         Egypt is cancelling a 5 percent tax on…
Minister denotes progress in investment dispute resolution
Business

Minister denotes progress in investment dispute resolution

Investment Minister Ashraf Salman said that the government had made significant progress in resolving investment disputes, by ensuring that the…
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