Egyptian billionaire Nassef Sawiris, whose family owns the Orascom group of companies spanning construction to telecoms, has set up an investment firm to tap into Egypt's growth opportunities.
Sawiris's investment firm, Ni
Egyptian billionaire Naguib Sawiris is backing a $257 million bid for 20 percent of investment bank EFG Hermes, sources said, in what could be a sign of revived investor appetite in Egypt after more than three years of economic stagnation.
Egyptian billionaire Naguib Sawiris plans to bid for Brazilian wireless carrier TIM Participações SA, according to a newspaper interview published on Saturday, adding pressure to a delicate standoff between two European telecom gia
Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be "investing in Egypt like never before" after the ousting of a president he accused of bullying opponents to
A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Cairo stock market that lingers long after Egypt's politics stabilise and the economy recovers.
Weather Investments (WI), a company headed by Egyptain businessman Naguib Sawiris, has launched a $5 billion claim against Algeria for damage to the company's stake in Orascom Telecom Algérie (known as Djezzy).
Egyptian tycoon Naguib Sawiris is interested in buying the SFR telecom business from French group Vivendi, which is in the midst of a strategy review and working on asset sales, the Financial Times reported on Thursday.
Egyptian billionaire Naguib Sawiris will drop out of a buy-out consortium targeting investment bank EFG Hermes after EFG shareholders backed an alternative tie-up with Qatar's QInvest, an EFG source told Reuters on Tuesday.
But the head of
Egyptian billionaire Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG Hermes that would ensure the company is not broken up, the bid consortium said.
Plant IB, the group of Gulf investors and ban
France Telecom has finalised a deal to buy out most of its partner's stake in Egyptian telecom operator Mobinil for 1.5 billion euros ($1.97 billion).
This will leave the joint venture with 95 percent French ownership but significant