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Egypt appoints banker Ashraf Salman as investment minister

Source: www.export-egypt.com 6/17/2014, Location: Africa

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Egyptian Prime Minister Ibrahim Mehleb appointed veteran banker Ashraf Salman as investment minister, state-run news website al-Ahram said.

The decision to appoint a separate investment minister reverses a decision this year to merge the ministry with that of industry and trade, and could help Cairo entice back foreign funds to stimulate an economy racked by years of political turmoil.

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