Latest in Tag: Ashraf Salman Highlight

Latest in Tag: Ashraf Salman


Oriental Weavers expects EGP 5.8bn in 2014 sales, 2 new factories planned

By Mohamed Ayyad and Mohamed Mostafa Oriental Weavers sales are expected to reach EGP 5.8bn this year, compared to EGP 5.5bn in 2013, according to the company’s founder Mohamed Farid Khamis. He added that last year exports reached EGP 3.9bn, representing 65% of sales. Khamis also revealed that two new factories to be located in …

Mohamed Ayyad

$6bn foreign direct investment in FY 2014/2015: Investment minister

Egypt’s total foreign direct investments for FY 2013/2014 measured $6bn, Investment Minister Ashraf Salman said on Tuesday. On the sidelines of the Euromoney conference, Salman said that Egypt is hoping to “touch the $10bn” mark during FY 2014/2015, and will reschedule debts to foreign partners operating in the petroleum sector. The move will restore their …

Mohamed Ayyad

Window to investment remains shuttered

By Mohamed Ayyad Today I am writing to you, Minister of Investment Ashraf Salman. It is up to you if you wish, honestly and in the name of success, to listen to the masses. You must wage a fierce war on bureaucracy and administrative corruption, for even if you fail, the effort will be recognised. As you …

Daily News Egypt

Ashraf Salman to exit his businesses and resigns from other posts

By Abdel Qader Ramadan   Newly appointed Minister of Investment Ashraf Salman told the Daily News Egypt he is exiting businesses he owns and 18 other positions he holds after his cabinet appointment. Salman held the position of CEO of Cairo Financial Holding as well as other executive and advisory positions for several companies. Salman’s …

Daily News Egypt

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