Naguib Sawiris

Sawiris backs bid for EFG Hermes
Business

Sawiris backs bid for EFG Hermes

Egyptian billionaire Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG Hermes that would ensure…
France Telecom acquires 94% of Egypt’s Mobinil
Business

France Telecom acquires 94% of Egypt’s Mobinil

France Telecom acquired 94 percent of Egyptian mobile phone company Mobinil in a tender offer, Egypt's stock exchange said on…
Jihadist group threatens to attack satellite channel, kidnap hosts
Egypt

Jihadist group threatens to attack satellite channel, kidnap hosts

An extremist group has sent a letter threatening Egyptian satellite channel ONTV, saying it plans to attack its studios and…
Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares
Business

Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares

The Egyptian Stock Exchange has suspended trading of shares of mobile operator Mobinil and Orascom Telecom Media and Technology (OTMT)…
Court dismisses Islam insult case against tycoon Sawiris
Egypt

Court dismisses Islam insult case against tycoon Sawiris

Bulaq Abul Ella Misdemeanor Court has thrown out a case brought against telecoms tycoon and liberal politician Naguib Sawiris by…
Free Egyptians Party parliamentary head resigns
Egypt

Free Egyptians Party parliamentary head resigns

Free Egyptians Party MP Mohamed Abu Hamed resigned from his party Thursday night in order to devote more time to…
Court throws out case against tycoon Sawiris
Egypt

Court throws out case against tycoon Sawiris

An Egyptian court on Tuesday threw out a case brought against telecoms tycoon and liberal politician Naguib Sawiris by a…
Protesters accuse ONTV of inciting against military
Egypt

Protesters accuse ONTV of inciting against military

Dozens of activists organized a protest on Thursday outside the administrative headquarters of the privately-owned ONTV channel in Zamalek to…
Political upheaval takes toll on Mobinil
Business

Political upheaval takes toll on Mobinil

Egyptian mobile phone operator Mobinil posted a quarterly net loss of LE177 million, blaming political turmoil in the wake of…
Stock exchange asks OTMT for details on Mobinil deal
Business

Stock exchange asks OTMT for details on Mobinil deal

Egypt’s stock exchange has asked Orascom Telecom Media and Technology for more details on a deal for France Telecom to…
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