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Egypt says over 50 pct of conference promises turned into projects

Egypt's Planning Minister Ashraf al-Arabi speaks during the Egypt Economic Development Conference (EEDC) in Sharm el-Sheikh, in the South Sinai governorate, south of Cairo, March 14, 2015. REUTERS/Amr Abdallah Dalsh (Reuters)

CAIRO (Reuters) - Egypt has turned more than 50 percent of initial agreements signed at an investor conference in Sharm El Sheikh in March into investment projects, the planning minister said on Saturday. In an interview with Reuters, Ashraf al-Arabi also said Egypt would offer dollar-denominated bonds to the market "depending on need" and did not expect more grants from Arab Gulf states, only fuel aid.