Sawiris said, in a tweet via his twitter account, Monday, that there are measures that must be implemented quickly to confront the rise in oil and wheat prices and its impact on the economy.
The capital increase will further support the expansion and development of Gemini’s Egyptian real estate operations under Ora Developers (“Ora”). Ora is the successful real estate developer and operator of such flagship brands as Zed El Sheikh Zayed, Zed East, Pyramid Hills and the newly launched SilverSands on the Egyptian North Coast.
When Naguib Sawiris was caught living his normal life, the internet went into high gear as his shirt quickly became a trending piece until people were able to identify its brand and price, but why do we do that?
Submitting participating forms will be held online only for the second year in a row.
The cancellation of the cultural award came in response to the state’s decisions to officially cancel all celebrations, conferences and gatherings in light of the global pandemic.
Nine Pyramids Lounge and Restaurant provides its various services of unique meals and drinks, which possess the highest quality, in addition to the capacity of holding a number of special events, in the arms of the great Egyptian civilization.
Egyptian businessman Naguib Sawiris said Monday that he will take austerity measures due to the negative impact caused by novel Coronavirus.
Sawiris advised, "Do not buy shares now because we still have not reached the bottom line, and I expect that the value of companies will fall next week by 10 percent.”
Sawiris chairs private gold mining group La Mancha and had said that he intended to invest in gold and copper mining in Egypt if investment conditions improved.
“We are willing to participate in any area that could be promising,” Sawiris clarified.
The ceremony will be held on Jan. 10, 2020 at Cairo Opera House's Grand Theater at 7 p.m.
The law has been approved but final details are yet to be published in the official gazette.
Nassef Sawiris is worth US 6.76 billion (115.78 billion), while was able to score spot number 230 all over the world, and Naguib Sawiris, with a US 5 billion (LE 87.72 billion) fortune, ranked 334.
The bill included LE 1.6 billion for the purchase of Sarwa Capital's 261.8 million shares at a price of LE 7.36 per share representing 30 percent of the issued share capital.
He added that the company will resort to appealing this decision to the committees and the competent authorities.
El-Gouna international Film Festival (GIFF) held a press conference on August 28 to announce the details of its second edition, which is set to take place in El-Gouna from September 20-28.
After the presidential election, activists and groups started to call for merging political parties to “develop a new Egyptian political map.”
The best squash players in the world are going to participate in the seventh edition of El Gouna International Squash Open.
Qatari Diar Real Estate Company has received offers from businessmen Naguib Sawiris and Yassin Mansour to buy the company’s investment in Egypt.
According to Forbes’ World Billionaire List, Nassif Sawiris’ wealth doubled Trump’s wealth which is estimated at $3.1 billion.