Ashraf al-Araby

GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year
Business

GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year

Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous…
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
Business

Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth

Egypt's government approved on Wednesday a draft state budget for 2016-17, targeting economic growth of 5-6 percent versus 4.4 percent…
Govt plans infrastructure investment fund: minister
Business

Govt plans infrastructure investment fund: minister

The government is in the process of establishing a specialized fund for infrastructure investments, Planning Minister Ashraf al-Araby said on…
Sisi to launch ‘Egypt Vision 2030’ on Wednesday
Egypt

Sisi to launch ‘Egypt Vision 2030’ on Wednesday

President Abdel Fattah al-Sisi will officially launch the Planning Ministry's new sustainable development program for Egypt titled "Egypt Vision 2030"…
Minister: Amlak fund not to be managed by govt
Business

Minister: Amlak fund not to be managed by govt

Planning, Follow-up and Administrative Reform Minister Ashraf al-Araby has announced that the Amlak investment fund will not be managed by the…
Planning Minister: Amlak Fund to start with LE5 billion capital
Economy

Planning Minister: Amlak Fund to start with LE5 billion capital

The new sovereign wealth fund “Amlak” will start with a capital of LE5 billion as of the new financial year…
Minister: Egypt to raise electricity prices before election
Business

Minister: Egypt to raise electricity prices before election

Egypt plans to boost electricity prices for the richest 20 percent of its citizens before the presidential elections at the…
Minister: Govt to reduce energy subsidies before FY2014/2015
Business

Minister: Govt to reduce energy subsidies before FY2014/2015

Minister of Planning and International Corporation Ashraf al-Araby announced that the government is aiming to reduce energy subsidies before FY2014/2015,…
Minister predicts 3.5% growth in 2014-2015
Business

Minister predicts 3.5% growth in 2014-2015

Egypt’s growth rates could range between 3 and 3.5 percent during the next fiscal year, 2014-2015, said the Minister of…
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