Naguib Sawiris

Sawiris eyes EU50 bn bank in Luxembourg
Business

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

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

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

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

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

‘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

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

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…
I found the island I want to buy for refugees: Sawiris
Egypt

I found the island I want to buy for refugees: Sawiris

An Egyptian billionaire's offer to buy an island for refugees is closer to becoming reality.
Video-Sawiris: Italy, Greece approval of refugee island purchase a challenge
Egypt

Video-Sawiris: Italy, Greece approval of refugee island purchase a challenge

Egyptian telecom and construction billionaire Naguib Sawiris has said that the real challenge to his bid to buy a Mediterranean…
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