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
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
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).
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