Naguib Sawiris

Egyptian court ruling allows CI Capital deal with Beltone
Business

Egyptian court ruling allows CI Capital deal with Beltone

A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…
Egypt’s Beltone says still pursuing CI Capital acquisition
Business

Egypt’s Beltone says still pursuing CI Capital acquisition

Egypt's Beltone Financial will pursue its acquisition of CI Capital, the investment banking arm of the country's largest-listed bank, despite…
Sawiris: Army’s control on market does not affect businessmen
Egypt

Sawiris: Army’s control on market does not affect businessmen

The notable Egyptian businessman Naguib Sawiris has supported the economic role played by the army, yet expressed concerns that this…
CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row
Business

CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row

The governor of the Central Bank of Egypt (CBE) has responded to claims from businessman Naguib Sawiris that the CBE…
Egypt’s Sawiris says CI Capital acquisition stalled by security
Business

Egypt’s Sawiris says CI Capital acquisition stalled by security

Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed…
Sawiris eyes EU50 bn bank in Luxembourg
Business

Sawiris eyes EU50 bn bank in Luxembourg

Egyptian businessman Naguib Sawiris plans to invest 50 million euros (US$55 million) to set up a bank in Luxembourg specializing…
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
Business

CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises

The Egyptian stock market's benchmark index EGX 30 rose by around 0.95 percent, reaching 5,808 points in the first 15…
Egypt’s OTMT approves final offer for CI Capital
Business

Egypt’s OTMT approves final offer for CI Capital

Egyptian firm Orascom Telecom and Technology has approved the final offer for the acquisition of CI Capital, a subsidiary of…
Egypt’s Orascom Construction wins $420 mn power plant contract
Business

Egypt’s Orascom Construction wins $420 mn power plant contract

Egypt's Orascom Construction has been awarded a $420 million contract to revamp two government-owned power stations, the company said on…
Pro-state parliament coalition has bad intentions: Sawiris
Egypt

Pro-state parliament coalition has bad intentions: Sawiris

Plans for a majority alliance of more than 400 members in Egypt’s 568-seat House of Representatives are ridden with “bad…
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