Builders of Egypt ’24: Iraq welcomes Egyptian firms to participate in reconstruction…
The Iraqi government plans to offer 6,000 infrastructure projects for tendering between October and December,…
Browsing Tag
Naguib Sawiris
Egypt’s Sawiris predicts gold prices will rise to $2,400 soon
Egyptian business tycoon Naguib Sawiris predicted on Wednesday that gold prices would rise to $2,400 an ounce in…
Egypt’s Sawiris says digital bank talks in homeland paused
Egyptian business tycoon Naguib Sawiris said on Wednesday that talks to establish a digital bank in homeland are…
Egypt’s Orascom Investment sells subsidiaries for $17.8 mln in Brazil
Orascom Investment Holding S.A.E (OIH) sold subsidiaries owning the real estate units located in Patio Victor…
Scorsese’s ‘Killers of the Flower Moon’ to be screened at 6th GFF
Legendary director Martin Scorsese's highly anticipated film,Killers of the Flower Moon will be screened at the…
Orascom Financial may join race for Egypt digital banking licence
Orascom Financial Holding (OFH) is exploring the possibility of applying for a digital banking licence in Egypt…
Egypt’s richest businessmen 2023 – CEO World list
CEO World Magazine announced the list of the six richest Egyptian businessmen for the year 2023 on Sunday.
Orascom Investment restructures companies in Brazil, Netherlands
Orascom Investment board of directors has agreed on restructuring some of its companies in Brazil and the…
Orascom signs $151m deal with Egypt government for El Gouna project
Orascom Development Egypt (ODE) has signed a $151 million milestone agreement with the Egyptian authorities…
Egyptian Naguib Sawiris returns back to World’s Richest 500 list
Egyptian billionaire Naguib Sawiris returned back to the list of 500 richest billionaires in the world, to rank 472…
Egypt signs deal with businessman Sawiris owned company to operate sleeping trains
Egypt’s Ministry of Transportation announced conditions document for manage and operate the national railways’…
Sawiris’ Orascom approves Chimera’s acquisition bid for Beltone Financial
Orascom Financial Holding, which is owned by Egyptian business tycoon Naguib Sawiris, said in a bourse filling on…
Sawiris urges Egypt government to stock more wheat as Russia-Ukraine crisis deepens
Business tycoon Naguib Sawiris urged authorities in Egypt to buy and stock more quantities of wheat as Europe’s…
Egyptian billionaire Naguib Sawiris advises to invest a quarter of a portfolio in gold
Egyptian billionaire and long-time gold investor Naguib Sawiris told CNBC on Tuesday that he recommends gold should…
Endeavour Mining Q2 earnings at $183 mln, gold output up 18%
West Africa-focused gold miner Endeavour Mining, whose largest shareholder is Egyptian telecoms billionaire Naguib…
Sawiris’ La Mancha launches gold mining fund
Private gold company La Mancha, chaired by Egyptian billionaire Naguib Sawiris, announced on Monday the creation of…
Egyptian billionaire Onsi Sawiris, founder of Orascom business empire, dies at 91
Onsi Sawiris, Egyptian business icon turned philanthropist and the patriarch of Egypt's wealthiest family, died on…
Egypt’s Sawiris eyes digital banking licence at home
Egyptian business tycoon Naguib Sawiris said on Tuesday he is seeking to apply for a digital banking licence in…
Endeavour Mining announces admission to London bourse listing
West Africa-focused gold miner Endeavour Mining, whose largest shareholder is Egyptian telecoms billionaire Naguib…
Naguib Sawiri resigns from Orascom Investment Holding as Chairman
Orascom Investment Holding (OIH) board approved on Wednesday the resignation of Egyptian business tycoon Naguib…
Egypt awards 4 companies, including Sawiris-backed AKH Gold, concessions in mining bid…
Egypt has on Wednesday awarded 17 exploration blocks to four companies in an international bid round for gold…
Onsi Naguib Sawiris named chairman of Orascom Financial Holding
Orascom Financial Holding on Tuesday announced that Onsi Sawiris, the son of Egyptian business mogul Naguib…
Banque Misr lead arranger for EGP 2.5 bln Sawiris-led ZED West project
Egypt's second-largest state bank, Banque Misr is lead arranger for a 2.54 billion Egyptian pound ($162.3 million)…
Sawiris-backed Endeavour Mining in merger talks with West Africa Teranga Gold
Canada’s Endeavour Mining, 24.12 percent owned by the Sawiris family, is in talks over a merger with West…
Egypt’s Beltone launches new SME venture capital arm
Egyptian investment bank Beltone Financial Holding has launched on Sunday a new venture capital arm to finance…
Orascom signs SAIB bank’s EGP230 million loan to renovate Pyramids Plateau
Egypt’s SAIB Bank signed on Wednesday a long-term 230 million Egyptian pound ($14.6 million) loan with Orascom…
Egypt’s Ora Developers to execute PPP flagship in North Coast – Sawiris
Egypt’s Ora Developers said it signed a contract with the country’s New Urban Communities Authority (NUCA) to get…
Ora Developers, 3 firms team up for Zed East New Cairo flagship’s works – Sawiris
Egypt’s Ora Developers has signed a contract with three companies to execute construction works in Zed East…
Endeavour expects its Burkina Faso mining activities to resume in coming weeks
Endeavour Mining, whose largest shareholder is Egyptian telecoms billionaire Naguib Sawiris, announced on Tuesday…
Egyptian billionaire’s investment bank Beltone gets licences for three new firms
Beltone Financial Holding, the Egyptian investment bank owned by billionaire Naguib Sawiris, has obtained licences…
Egyptian billionaire’s investment bank Beltone narrows six-month losses by 69.5%
Beltone Financial Holding, the Egyptian investment bank owned by billionaire Naguib Sawiris, reported on Sunday a…
Sawiris’ Orascom Investment to split to two firms for investment, financial services
Egyptian Orascom Investment Holding's board, chaired by businessman Naguib Sawiris, has approved on Monday…
Endeavour completes Semafo merger creating West Africa’s largest gold producer
Endeavour Mining has announced the successful completion of the acquisition of Toronto-listed gold producer Semafo,…
Sawiris hopeful talks to buy stake in Egyptian mining firm to conclude in ‘few weeks’
Egyptian billionaire Naguib Sawiris said on Sunday he is hopeful that negotiations to acquire a 51 percent stake in…
Egypt’s Naguib Sawiris says his brother Samih contracted and recovered from coronavirus
Egyptian billionaire Naguib Sawiris said on Tuesday that his brother construction tycoon Samih had undergone a…
Naguib Sawiris: more coronavirus shutdowns will make 2021 another challenging year for…
Egyptian billionaire Naguib Sawiris said on Tuesday that extending coronavirus shutdowns will mean that half the…
Egyptian billionaire Naguib Sawiris to invest $350 million in Grenada’s tourism industry
Egyptian billionaire Naguib Sawiris plans to invest $350 million in Grenada’s tourism and hospitality sector…
Banque Misr approves EGP 1 billion loan for Sawiris’ ZED flagship
Egypt’s Banque Misr has approved on Sunday a 1 billion Egyptian pound ($63.5 million) loan in favour of Naguib…
Against all odds, Egyptian billionaire Naguib Sawiris says he would buy airlines
Egyptian billionaire Naguib Sawiris told CNBC on Tuesday he would buy airlines, going against fellow billionaire…
Naguib Sawiris lauds Egyptian government response to coronavirus crisis
Business tycoon Naguib Sawiris praised the Egyptian government on Thursday for its efforts to handle the…