Egyptian Aur Capital’s assets under management to top $2.2 bln late 2019
Egypt’s private equity firm Aur Capital, whose founder is a former investment minister, is seeking to double its…
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Ashraf Salman
Aur Capital, Wadi Degla launch new fund to invest in Egypt real estate
Egypt’s Aur Capital is joining Wadi Degla Developments to launch a 2.350 billion Egyptian pound ($131.25 million)…
Egypt’s real estate sector contributes 15% to GDP in first 9 months of 2017
Egypt’s real estate sector contributed 15 percent to the country’s gross domestic product (GDP) within the first…
AccorHotels to launch four hotels in Egypt’s North Coast
AccorHotels Group has signed Wednesday a cooperation agreement with Egypt’s Al Arabia Real Estate and Development…
Egyptian former investment minister launches Aur Capital
Ashraf Salman, Egypt’s former minister of investment, announced plans to launch Aur Capital Investment Company,…
Saudi Arabia, Egypt to sign $8bn investment deal Sunday
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) will sign a preliminary agreement Sunday to…
Egypt eyes $10bn foreign investments in 2016- investment minister
Egyptian government eyes attracting foreign investments estimated at US$8-10 during 2016, Investment Minister…
Egypt signs final agreements for five housing MOUs worth $21.7mn
Egypt’s cabinet has signed the final agreements for five memorandums of understanding (MOU) in housing sector…
Egypt activates 5 housing MOUs worth $21.7mn
Egypt’s cabinet has concluded five memorandums of understanding (MOU) in housing sector with investments worth 170…
International Retail and Franchise conference kicks off in Egypt today
Egyptian supply minister Khaled Hanafy and minister of investment Ashraf Salman inaugurated Monday the…
Egypt’s SODIC partners with Heliopolis for $2.5 billion housing project
Egypt-based property developer, SODIC signed Thursday a partnership with Heliopolis Company for Housing and…
Egypt seeks growth rate of 7% by end of FY 2018-19: minister
Egypt is targeting a GDP growth of up to 7 percent by the end of the financial year 2018-2019, investment minister…
Egypt’s direct investments in Africa hit $7.9 billion: minister
Egypt’s direct investments in the African continent have recently recorded US$7.9 billion, Egyptian investment…
Egypt takes part in Abu Dhabi Sustainability Week
Egypt’s Minister of Investment Ashraf Salman is heading an official delegation to the UAE to take part in the Abu…
Saudi funds in talks to invest $1.5bn in Egyptian developmental projects
Egypt is negotiating with Saudi mutual funds so as to pump $1.5 billion into some developmental projects in the…
Egypt studies two Russian offers to bolster steel industry
Egypt is currently studying two offers from Russian companies to upgrade the steel furnaces of Egyptian Iron &…
Egypt total FDI rise to $6.4 billion in FY2014-15: minister
Total Foreign Direct Investment (FDI) in Egypt grew 56 percent in financial year 2014-15 to reach $6.4 billion…
Egypt real estate sector sees $12.8 billion investments in 7 years: minister
Egypt’s real estate sector is set to receive enormous investments up to 100 billion Egyptian pounds (US$12.8…
Egypt targets FDI worth $10 billion this financial year: minister
Egypt is targeting $10 billion in foreign direct investments for the current financial year, the country's…
Ukraine-Egypt trade exchange hit $3 billion in 2014
The volume of trade exchange between Cairo and Kiev stood at US$3 billion in 2014, Egyptian minister of investment…
Egyptian investment minister opens Nile Ritz-Carlton Cairo
Egyptian Minister of Investment Ashraf Salman has inaugurated Saturday the Nile Ritz-Carlton Cairo, the iconic…
Investment Minister: LE 360 Bln Local Investments Targeted This Fiscal Year
Investment Minister Ashraf Salman said on Monday 19/10/2015 Egypt aims to attract EGP 360 billion local investments…
Private investments in Egypt’s infrastructure record $22bn in 24 years- minister
The total volume of private investments in Egypt's infrastructure hit US$22 billion from 1990-2014, investment…
Energy crisis in Egypt’s factories will end in November; says investment minister
Egyptian factories will no longer face an energy crisis starting November, allowing halted plants to resume…
Egypt economy grew 4.1 pct in fiscal 2014-15 – minister
Egyptian Investment Minister Ashraf Salman said Tuesday his country's economy grew by 4.1 percent in the financial…
Egypt to sign legal contracts of $46mn-Saudi investments soon
The Egyptian government is to sign the legal contracts of new Saudi projects soon, investment minister Ashraf…
Egypt starts carrying out 6 agreements worth $30bn – Minister
Egypt has started bringing into effect six agreements worth US$30.215 billion in sectors of petroleum, electricity,…
Egypt stocks shed $1.2bn in week on currency devaluation remarks
Egypt’s stock market has incurred losses in a week amounting to 9.3 billion Egyptian pounds (US$1.2 billion)…
Egyptian pound depreciation no longer a matter of choice – minister
"Depreciation of the Egyptian pound is no longer a matter of choice under the current local and international…
Euromoney Egypt 2015 discussing ‘Financing the Future’ today
Euromoney, the most important financial event in Egypt, is returning to Cairo Monday for its 20th annual gathering…
Investors from World Countries seek Operating in Suez Canal Axis – Minister
Investment Minister Ashraf Salman said the ministry has received a number of letters of intent for investment in…
Government Issued Updated Version For The Auditing Standards
On Monday, the Ministry of Investment issued an updated version for the auditing standards in Egypt, according to…
Law Postponing EGX Tax To Be Presented To Al-Sisi Within Days: Minister
The Egyptian State Council is currently studying the final executive rule of the law postponing the capital gains…
Egypt to hold Investment Conference in Upper Egypt Sept 11: Minister
The Egyptian government will organize an investment conference in Upper Egypt on September11-12, investment…
EGX To Play Vital Role Boosting Public Revenues: Ashraf Salman
The government, in coordination with the stock market’s regulatory entities, is preparing the Egyptian Stock…
The First State-Owned LED Lamps Factory in Egypt opened
Egyptian Investment Minister Ashraf Salman has inaugurated Thursday the first state-run factory, affiliated to El…
Second Annual Energy Conference kicks off in Egypt
With the theme of “Energy and the Future of Investment in Egypt”, the second annual energy conference has launched…
Russian-Egyptian Business Forum opens in Cairo
A Russian-Egyptian business forum kicks off in the Egyptian capital city of Cairo on Monday. The two-day forum is…
US, Korean Banks may cooperate in Egypt’s $7.5 billion Petrochemicals Project
Egyptian Investment Minister Ashraf Salman has discussed Wednesday plans to carry out petrochemicals project in…
Egypt eyes holding COMESA Economic Forum in October
Egypt looks forward to hosting an economic investment forum of the Common Market for Eastern and Southern Africa…