Monday 29 August 2016
 
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Sawiris

Sawiris plans Luxembourg-based specialist bank

Egyptian billionaire businessman Naguib Sawiris plans to invest 50 million euros ($55 million) to set up a bank in Luxembourg specialising in services for small and medium-sized businesses. Sawiris told reporters on the sidelines

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Egyptian tycoon Sawiris, US investor eye Adidas

Egyptian tycoon Nassef Sawiris has formed a partnership with US investor Mason Hawkins and his colleagues at Southeastern Asset Management to drive change at companies they invest in - and they have sportswear firm Adidas in their sights.

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Egyptian tycoon Sawiris, US investor eye Adidas

Egyptian tycoon Nassef Sawiris has formed a partnership with US investor Mason Hawkins and his colleagues at Southeastern Asset Management to drive change at companies they invest in - and they have sportswear firm Adidas in their sights.

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Sawiris family eyes Ethiopia’s hotel sector

Ethiopia has received a request from Egypt’s Sawiris family, which owns multi-billion dollar conglomerates, to invest in the country’s hotels sector, said a top government official. Ethiopia is negotiating with some Eg

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Sawiris family eyes Ethiopia’s hotel sector

Ethiopia has received a request from Egypt’s Sawiris family, which owns multi-billion dollar conglomerates, to invest in the country’s hotels sector, said a top government official. Ethiopia is negotiating with some Eg

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Sudan buys Sawiris stake in Ariab Mining for $100m

Sudan has taken full ownership of Ariab Mining Company after purchasing a 44 per cent stake from Egyptian billionaire Naguib Sawiris in a $100 million deal, said the country's minister of mining. Ahmed Sadiq al-Karouri told Re

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Sawiris to diversify Orascom, invest $500m in Egypt

Top Egyptian businessman Naguib Sawiris said he was ready to invest $500 million in Egypt and was diversifying his telecoms business into infrastructure, energy and transportation, sectors which need major funds in the country. Sa

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Egypt's Sawiris readies digital revamp for Euronews

Egyptian tycoon Naguib Sawiris is unveiling plans for his majority stake in European broadcaster Euronews - a cash injection which would be used to expand onto digital platforms and better promote the brand. In an unprecedented sh

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Egyptian billionaire sets up investment firm

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

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Sawiris backs $257m bid for EFG Hermes stake

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.

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