Why Britain Is Losing Its Wealth: How the Exodus Began, Who Has Left, and Where Capital Is…
For decades, Britain was more than a country that attracted capital; it was part of the global wealthy’s identity.…
Browsing Tag
Nassef Sawiris
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.
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…
Egyptian billionaire Nassef Sawiris buys $24mln Trousdale Estates – report
Egyptian billionaire Nassef Sawiris was the mystery buyer who recently paid north of $24 million for a strikingly…
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…
Abu Dhabi’s ADNOC, Sawiris-backed OCI reportedly weigh IPO of fertiliser joint…
Abu Dhabi National Oil Company (ADNOC) and Egyptian businessman Nassef Sawiris-backed chemical producer OCI N.V.…
Egyptian billionaire Nassef Sawiris to sell stake in Signature Aviation for $4.7bn
The Egyptian billionaire Nassef Sawiris plans to accept an offer worth $4.7 billion for the acquisition of…
Forbes list for Africa’s Richest People 2021 includes Egypt’s Nassef Sawiris in 2nd place
According to The Forbes list of Africa’s Richest People 2021 Nassef Sawiris of Egypt, whose largest asset is a…
Nassef Sawiris plans to up his stake in owner of New York Knicks, Rangers
Sawiris’ family office NNS Holding is aiming to increase their stake in Madison Square Garden Sports (MSGS) to 6.3%…
Nassef Sawiris to raise $600mln through offering new firm on NYSE
Avanti Acquisition Corp which is owned by Egyptian billionaire Nassef Sawiris, is set to start trading on the New…
Egyptian Nassef Sawiris tops Forbes World’s Richest Arabs 2020
According to Forbes 2020 World Billionaires, Egyptian Nassef Sawiris is again the world’s richest Arab world, with…
Sawiris Foundation donates 100 million pounds to Egypt’s coronavirus battle
Sawiris Foundation, an Egyptian charity linked to business tycoons Naguib, Samih, and Nassef Sawiris, has donated…
Egypt’s tycoon Nassef Sawiris is Africa’s second richest person
Forbes released their Africa’s Billionaires list, and this year’s edition has three Egyptian nationals on the top…
Egyptian billionaire Nassef Sawiris’ wealth grows $1.5 bln – Forbes
Egyptian business tycoon Nassef Sawiris’ wealth grew by around $1.5 billion or 25 billion Egyptian pounds, Forbes…
Egypt tycoon Sawiris’ fund seizes 10% stake in C&C
Southeastern Concentrated Value, an investment fund backed by Egyptian tycoon Nassef Sawiris and partners at…
Orascom Construction names Jerome Guiraud as non-executive chairman
Egypt's Orascom Construction appointed Jerome Guiraud as its Non-Executive Chairman of the board, the firm…
Adidas nominates Egyptian billionaire Sawiris, Belgian tycoon Frere to join board
Adidas is proposing that Egyptian tycoon Nassef Sawiris and a representative of Belgium's richest man, Albert…
Orascom Construction’s nine-month profits fall 69% – indicators
Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, recorded a 69.4 percent fall in…
Orascom Construction Industries gets approval to delist from Egypt bourse
The extraordinary general meeting of Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef…
Adidas Chief says 2016 to be record year
Adidas AG's chief executive said he expects 2016 to be a "record year," in which the Adidas brand's sales in North…
Egyptian Billionaire Nassef Sawiris discloses 6% stake in Germany’s Adidas
The investment vehicle of Egyptian billionaire Nassef Sawiris disclosed Friday that it obtained 6 percent of the…
Nassef Sawiris’ OCI turns to profitability in H1-2015
Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, posted a first half net profit…
Sawiris conglomerate: From small Upper Egypt business to world’s billionaires lists
A father and his three sons have made their way to being listed among the ten richest men in both Egypt and Africa.…
Sawiris’ Orascom Construction records Q3 net income of $24.5 million
Orascom Construction Ltd (OC), owned by Egypts wealthiest man Nassef Sawiris, registered third-quarter net income…
Egypt’s wealthiest man Sawiris becomes largest investor in Adidas
Egyptian business tycoon Nassef Sawiris has raised his stake in international sporting goods maker Adidas to 6…
Egypt names Etisalat Misr Chief as Egypt-UAE Business Council’s Chairman
The Chairman of Etisalat’s Egypt arm Gamal El Sadat has been named the new head of the Egyptian-UAE Business…
Sawiris Family holds 52% of Orascom Construction
Sawiris family, one of Egypt’s two wealthiest families, hold 52.01% of Orascom Construction Limited’s issue…
In Week, Egypt Stocks gain EGP3.6 billion on Orascom, Emaar Listings
In one week of trading, Egypt’s stocks posted gains worth 3.67 billion approximately (US$480.8 million). The…
OCI to list Construction Unit in Egypt, Dubai after Split
OCI NV, a Dutch fertilizers producer and construction company, said it will split next month and list shares of its…
Egypt’s Government to Re-Pump Gas to EBIC
A senior government official revealed last week that gas supplies, cut since August for political reasons, would…
OCI N.V. Announces Sorfert Inauguration in Algeria
OCI N.V. announced today that Sorfert, its joint venture with the Algerian oil and gas conglomerate Sonatrach was…
Nassef Sawiris: Egypt Economy Needs EGP200bn Annual Investments
Egypt needs to allure investments worth 200 billion Egyptian pounds (around $28 billion) per year to revive its…
Egypt Stocks Gain EGP15.3bn in Week, EGX30 Surges 3.4%
In a week, Egypt’s stock Exchange (EGX) gained 15.3 billion Egyptian pounds. In addition, the country’s main stock…
Orascom Construction Industries, UAE’s IPIC to Develop Power Plant in Egypt
Orascom Construction Industries (OCI) is planning to jointly built a coal-fired power plant in Egypt in partnership…
UPDATE: Nassef Sawiris Plans ‘Huge’ Investments in Egypt after Tax Victory
Following the resolution of a tax dispute with Egypt’s tax authority, Egyptian billionaire Nassef Sawiris said on…
BREAKING: Orascom Construction Industries Wins Tax Battle with Egypt Authorities
The ongoing tax dispute between Orascom Construction Industries (OCI S.A.E.) ends in favour of OCI Company, parent…
Egyptian Tycoon Naguib Sawiris Blames ‘Cowardly’ Minister for Tax Dispute
In a television interview Monday night, Egyptian billionaire Naguib Sawiris slammed the government's handling of…
Egypt Court to Rule in Sawiris Tax Dispute in October: OCI
An Egyptian court will issue a final ruling on Oct. 28 that may clear Nassef Sawiris, billionaire ex-chief…
Egyptian Court Ratifies Tycoon Nassef Sawiris’ 3-Year Jail Sentence
An Egyptian misdemeanour court ratified Sunday a court order sentencing billionaire construction tycoon Nassef…
Glimpse of Egypt Stability Enough for Some Investors to Resume Deals
From small business to billionaires, a vanguard of Egypt’s entrepreneurs is starting to bet that the economy has…