Friday 24 October 2014
 
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Sawaris

EFG Hermes bid in doubt as holders baulk at price

Billionaire Naguib Sawiris' second bid for a stake in Egypt's biggest investment bank EFG Hermes hung in the balance as shareholders agreed to sell just under half of the shares sought. Sawiris' New Egypt Investment Fu

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Egypt's Sawiris offers to buy Telecom Italia stake

  Egyptian tycoon Naguib Sawiris has offered to buy a stake in Telecom Italia, he and Italy's largest telecoms company said on Monday, in the latest sign of interest from emerging-markets investors in struggling euro zone com

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France Tel, Sawiris reach accord on Mobinil

France Telecom reached a preliminary accord to buy out most of Egyptian tycoon Naguib Sawiris' stake in their jointly owned telecom operator Mobinil, in a deal that will see the French group pay out about 1.5 billion euros ($2 billion).

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DIFX appoints director

The Dubai International Financial Exchange (DIFX) has appointed Nassef Sawiris its director. Sawiris is the chief executive of Orascom Construction Industries (OCI), the Egypt-based international construction contractor. He is also

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