Naguib Sawiris
CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row
Business
March 28, 2016
CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row
The governor of the Central Bank of Egypt (CBE) has responded to claims from businessman Naguib Sawiris that the CBE…
Egypt’s Sawiris says CI Capital acquisition stalled by security
Business
March 27, 2016
Egypt’s Sawiris says CI Capital acquisition stalled by security
Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed…
Sawiris eyes EU50 bn bank in Luxembourg
Business
March 8, 2016
Sawiris eyes EU50 bn bank in Luxembourg
Egyptian businessman Naguib Sawiris plans to invest 50 million euros (US$55 million) to set up a bank in Luxembourg specializing…
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
Business
February 15, 2016
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
The Egyptian stock market's benchmark index EGX 30 rose by around 0.95 percent, reaching 5,808 points in the first 15…
Egypt’s OTMT approves final offer for CI Capital
Business
February 11, 2016
Egypt’s OTMT approves final offer for CI Capital
Egyptian firm Orascom Telecom and Technology has approved the final offer for the acquisition of CI Capital, a subsidiary of…
Egypt’s Orascom Construction wins $420 mn power plant contract
Business
January 11, 2016
Egypt’s Orascom Construction wins $420 mn power plant contract
Egypt's Orascom Construction has been awarded a $420 million contract to revamp two government-owned power stations, the company said on…
Pro-state parliament coalition has bad intentions: Sawiris
Egypt
December 16, 2015
Pro-state parliament coalition has bad intentions: Sawiris
Plans for a majority alliance of more than 400 members in Egypt’s 568-seat House of Representatives are ridden with “bad…
‘Crazy’ for Erdogan to bring down Russian fighter jet: Sawiris
Egypt
November 25, 2015
‘Crazy’ for Erdogan to bring down Russian fighter jet: Sawiris
Egyptian business tycoon Naguib Sawiris described Turkey’s downing of a Russian fighter jet that allegedly invaded its airspace near its…
Orascom refutes nationalization reports of North Korean subsidiary
Business
November 22, 2015
Orascom refutes nationalization reports of North Korean subsidiary
Orascom Telecom Media and and Technology (OTMT) has dismissed news reports claiming that its North Korean subsidiary, Cheo Technology (Koryolink),…
Sawiris offers to sell Al-Masry Al-Youm shares
Egypt
October 11, 2015
Sawiris offers to sell Al-Masry Al-Youm shares
Business mogul Naguib Sawiris has announced that he is willing to sell his 20 percent share in independent daily Al-Masry…