investment

Minister: State-owned companies so far valued at LE80 billion
Business

Minister: State-owned companies so far valued at LE80 billion

The latest inquiries show the holding companies’ assets for state-owned companies are valued at LE80 billion, according to the recently-formed…
Investment minister’s chief of staff apprehended over bribery charges
Egypt

Investment minister’s chief of staff apprehended over bribery charges

East Cairo Prosecution remanded Investment Minister Ashraf Salman's chief of staff into custody for four days pending investigations over charges…
Sources: Investment Minister’s chief of staff arrested over corruption charges
Egypt

Sources: Investment Minister’s chief of staff arrested over corruption charges

On Sunday, agents from the Administrative Control Authority arrested Investment Minister Ashraf Salman's chief of staff at his office over…
Coca-Cola plans to pump US$500m in Egypt, Minister
Business

Coca-Cola plans to pump US$500m in Egypt, Minister

Coca-Cola international plans to invest US$500 million in Egypt during the next three years, Minister of Investment, Industry and Foreign…
Planning minister says investment plan targets 4% growth rate next fiscal year
Business

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…
Official: Size of second stimulus to be determined
Business

Official: Size of second stimulus to be determined

Momtaz al-Saeed, a member of the National Investment Bank, affirmed that the value of the second stimulus package has yet…
Zaazou: New plan to promote tourism investment in 2014
Business

Zaazou: New plan to promote tourism investment in 2014

Tourism Minister Hesham Zaazou said that there is a new plan under consideration, aiming to attract foreign investments to the…
State Litigation delegation discusses investment protection with US officials
Egypt

State Litigation delegation discusses investment protection with US officials

A delegation from the State Litigation Authority, accompanied by two advisors, left on Saturday to Washington on a visit to…
Planning Minister: current investors are ‘heroes’
Business

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,…
Egypt says awards oil, gas prospection contracts
Egypt

Egypt says awards oil, gas prospection contracts

Egypt said on Tuesday it awarded contracts for a minimum investment of $1.2 billion in eight oil and gas prospection…
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