Latest in Tag: Sawiris. Highlight
Latest in Tag: Sawiris.
Nassef Sawiris tops the list, while Naguib Sawiris came in the sixth spot
150 start-up companies are attending the summit
How many people possess more than $1m in Egypt? According to the Credit Suisse global wealth data report of 2015, Egypt has 23,000 millionaires in comparison to 12,000 in Morocco, 35,000 in Qatar, 60,000 in UAE, 70,000 in Turkey, 85,000 in Israel, 180,000 in India, 350,000 in Spain, 1 million in each of China and …
Sawiris is contributing 80% through Gemini Holding and Makronisos with 20%
Sawiris said that selling ONTV removed the conflict of interest between owning a TV channel and having the advertising rights for other channels. “This open the way for further cooperation with other channels,” he said.
EFSA is only concerned about the violations that require reconciliation or resorting to courts, says Samy
The Cassation Court ruled in Commercial International Bank-Egypt’s (CIB) favour in its a legal dispute with the shareholders of CI Capital, 99.98% of whose shares the bank now owns, according to press statement on Thursday. The statement said that the judgement allows CIB-Egypt to proceed with the completion of a deal to sell CI Capital …
The parties expect to sign the final contract before 2016’s close: Al-Shabrawishi
We plan to increase presence on the local and regional levels, says Shaghalni CEO
By December, Orascom presented an acquisition offer to CIB’s CI Capital
If CI Capital and Beltone merge; indicators anticipate EFG Hermes to dominate with support of its regional arm on the short term, with eyes open towards merger in a few years
Members of the family operate in construction, hotels, telecom, and media sectors, with a stake in political scene
Company turns to profit after registering an EGP 207.9m during the same quarter last year
Results mark a 7.7% YoY surge
Ethiopia encourages Egypt to invest in wheat agriculture to provide grain supply for Middle East and Russia, says Reda
Company says gas shortages have resulted in significant decline
Court postpones retrial of Mohamed Fahmy and Baher Mohamed to 28 April
Several Memorandum of Understandings (MoUs) were signed between international companies and the Ministry of Electricity regarding solar energy projects. MoUs were signed between Tharwa Investments and Electricity Holding Company to establish a coal-fired power plant with 6,000MW at a total value of $9.6bn. “We met 10 days ago, and now we are signing a MoU,” …
OCI expects to begin trading shares on the Egyptian Exchange (EGX) between 10 and 11 March
The company stated that its management is “optimistic with the company’s performance”, adding that it expects a stronger performance after the completion of the upcoming parliamentary elections.
Nassef Sawiris, business tycoon and CEO of OCI N.V elaborates in an interview with Daily News Egypt on the company’s investment plans in Egypt, and how the company can contribute to overcome the challenges in the country You’ve previously stated that OCI will seek investments in the energy and infrastructure sectors. Is the company …
Ruling marks end of challenging period for OCI, says CEO Nassef Sawiris in exclusive statement to Daily News Egypt
Government seeking to settle tax dispute worth an estimated EGP 7bn
Sawiris, Mansour and Sewedy family make a strong showing on list
Investment Minister Ashraf Salman declined to comment on the reason behind Sawiris visiting the investment ministry or the form of the new settlement
Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after alliance purchased only 9% of shares
54.4m shares purchased represent less than 9% of total Hermes shares
We continue to be committed to investing in Egypt, construction tycoon said.
Company was acquitted by the prosecutor general on the tax evasion case, invalidating the prison sentence on Nassef Sawiris