Nassef Sawiris
Naguib Sawiris 7th richest billionaire in Africa, second in Egypt
Egypt
January 12, 2017
Naguib Sawiris 7th richest billionaire in Africa, second in Egypt
Forbes magazine reported Tuesday that business mogul Naguib Sawiris is Egypt's biggest winner in 2016 as his net fortune increased…
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…
Nassif Sawiris acquires remarkable share in Irish C&C Group
Business
December 13, 2015
Nassif Sawiris acquires remarkable share in Irish C&C Group
Egyptian businessman Nassef Sawiris has acquired shares worth 22.4 million pounds in Irish alcoholics maker C&C Group, garnering him a…
Hawkins and Sawiris forge investment partnership, with Adidas in sights
Business
December 5, 2015
Hawkins and Sawiris forge investment partnership, with Adidas in sights
Egyptian tycoon Nassef Sawiris has formed a partnership with US investor Mason Hawkins and his colleagues at Southeastern Asset Management…
OCI, IPIC sign deal for Egyptian coal-powered plant
Business
March 17, 2015
OCI, IPIC sign deal for Egyptian coal-powered plant
Orascom Construction Industries (OCI) said Tuesday it had reached an agreement with the International Petroleum Investment Company (IPIC) for the…
Orascom donates retrieved tax payments to Long Live Egypt fund
Business
November 13, 2014
Orascom donates retrieved tax payments to Long Live Egypt fund
OCI NV, the parent company of Orascom Construction Industries, said its board unanimously agreed Thursday to transfer LE2.5 billion-- an…
Billionaire Nassef Sawiris to ramp up Egypt investments after tax win
Egypt
November 4, 2014
Billionaire Nassef Sawiris to ramp up Egypt investments after tax win
Egyptian billionaire Nassef Sawiris said on Tuesday his company, OCI, would make "huge" investments in Egypt following the resolution of…
Final decision on Nassef Sawiris’ dispute with Tax Authority postponed to 4 November
Egypt
October 28, 2014
Final decision on Nassef Sawiris’ dispute with Tax Authority postponed to 4 November
Orascom Construction Industries (OCI) announced that the final decision regarding the tax appeal submitted by the company to the tax…
The Return Of Egypt’s Elite
Business
September 4, 2013
The Return Of Egypt’s Elite
Those who were punished under Mohammed Morsy are getting their own back.The chief executive of Egypt’s biggest construction company, Orascom…
Orascom denies settlement with government
Business
March 24, 2013
Orascom denies settlement with government
Statements by Finance Minister al-Morsy Hegazy and the Real Estate Tax Authority over negotiations with Orascom Construction Industries to end…