Ashraf Salman | Al Bawaba

Ashraf Salman latest

The majority of Egyptians are investing in real estate as a safe haven against the large changes in the value of the Egyptian pound. (File photo)

May 16th, 2017 - 06:00 GMT

Egyptians Turn to Real Estate, Push Prices Up 50 Percent

More and more Egyptians are choosing to buy property as a safe haven against the unstable Egyptian pound.

Egyptian President Abdel Fattah al-Sisi replaced 10 ministers in a cabinet reshuffle on Wednesday. (AFP/File)

March 23rd, 2016 - 11:57 GMT

Egypt’s Sisi swears in 10 new ministers in cabinet reshuffle

Al Bawaba

July 24th, 2015 - 08:44 GMT

Egypt targets economic growth of nearly 5 percent in first quarter

Al Bawaba

June 7th, 2015 - 06:15 GMT

Egypt cash reserves fall by $1B in May: Central Bank

Al Bawaba

May 26th, 2015 - 01:00 GMT

Egypt to invest $45B into new and renewable energy in next decade

Al Bawaba

May 13th, 2015 - 09:11 GMT

Egypt expects $30B worth of coal investments in next five years

The government is currently negotiating a $500 million loan from the World Bank to build affordable housing (image: on file).

April 20th, 2015 - 05:27 GMT

Officially recovered, nshallah: Egypt's economic growth to reach 4.5%

Egypt has also signed Memorandums of Understanding (MOUs) for potential deals worth $92 billion at the conference, according to Salman.

March 16th, 2015 - 04:55 GMT

Time to count: how much did Egypt walk away with from the Economic Summit?

Al Bawaba

March 15th, 2015 - 08:14 GMT

A different kind of rentierism: Suez Canal zone to account for third of economy

Al Bawaba

March 15th, 2015 - 07:20 GMT

Donald Trump style: Egypt should fire all slack civil servants, says Sawiris

The success of the conference, and Egypt’s attractiveness to investors, will depend on how far the government takes the reform agenda in the months and years to come, analysts agree.

March 13th, 2015 - 09:39 GMT

Egypt's Economic Conference: formidable expectations, formidable challenges

Egypt's government will promote 60 projects at the much-publicised economic development conference to be held in the resort town of Sharm El-Sheikh on the 13-15 March.

March 12th, 2015 - 12:35 GMT

Egypt's economic development summit commences tomorrow, high level of interest anticipated

After energy, the government is looking to attract investment in a number of other key sectors including manufacturing, real estate, petrochemicals, and tourism.

March 5th, 2015 - 06:48 GMT

Why Egypt's upcoming economic summit can be a 'backbone' for growth