Ashraf al-Araby
Planning minister says investment plan targets 4% growth rate next fiscal year
Business
January 19, 2014
Planning minister says investment plan targets 4% growth rate next fiscal year
Planning Minister Ashraf al-Araby said the investment plan for the 2014-2015 fiscal year is still under consideration but revealed that it would…
Egypt’s economy grows only 1% in first quarter
Business
December 18, 2013
Egypt’s economy grows only 1% in first quarter
Planning and International Cooperation Minister Ashraf al-Araby said that Egypt’s economy did not grow much during the first quarter of…
Upper Egypt train movement resumed
Egypt
November 27, 2013
Upper Egypt train movement resumed
The first Cairo-Upper Egypt train in three days left on Wednesday heading to Assiut. Upper Egypt railway movements had been halted…
Planning Minister: current investors are ‘heroes’
Business
September 15, 2013
Planning Minister: current investors are ‘heroes’
Planning Minister Ashraf al-Araby said that the social justice file has not achieved any progress since the 25 January revolution,…
Planning Minister: Aid from Arab countries will spur economy
Egypt
July 19, 2013
Planning Minister: Aid from Arab countries will spur economy
Planning Minister Ashraf al-Araby said the aid Egypt has received from Arab countries will allow the transitional government to operate…
Egypt sees 3.8% growth in next fiscal year
Business
April 23, 2013
Egypt sees 3.8% growth in next fiscal year
Egypt said its economy would grow by 3.8 percent in the fiscal year starting in July as ministers outlined the…
Govt warns of high poverty, unemployment as budget released
Business
April 23, 2013
Govt warns of high poverty, unemployment as budget released
The government announced a LE820.1 billion budget for fiscal year 2013/2014 on Tuesday that will grow the state's deficit to…
Qatar pledges additional aid, gas deal for Egypt
Business
April 10, 2013
Qatar pledges additional aid, gas deal for Egypt
Qatar will provide Egypt with natural gas to fill the gap in its energy sector, particularly as summer approaches, Qatari…
Egypt may ask for larger IMF loan, minister says
Business
April 10, 2013
Egypt may ask for larger IMF loan, minister says
Egypt might ask the International Monetary Fund to increase a previously requested $4.8 billion (LE3.1 billion) loan to cover its…