Naguib Sawiris

Egyptian billionaire Naguib Sawiris proposes 3 solutions to confront rise in oil, wheat prices

Mon, 07 Mar 2022 - 03:28 GMT

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.

Naguib Sawiris’s Gemini Global Development Egypt receives $100M investment from Abu Dhabi’s Chimera

Tue, 07 Dec 2021 - 01:18 GMT

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.

What is the price of our obsession with celebrities and the minute details of their lives?

Sun, 22 Aug 2021 - 12:40 GMT

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?

Application for 17th Sawiris Cultural Award resumes until Sept. 11

Thu, 12 Aug 2021 - 12:16 GMT

Submitting participating forms will be held online only for the second year in a row.

16th Sawiris Cultural Award’s granting ceremony cancelled

Wed, 19 May 2021 - 11:32 GMT

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.

Egypt’s Min. of Tourism & Antiquities attends opening of Nine Pyramids Lounge

Wed, 21 Oct 2020 - 12:26 GMT

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 Sawiris announces 50% salary cut over pandemic

Mon, 06 Apr 2020 - 07:29 GMT

Egyptian businessman Naguib Sawiris said Monday that he will take austerity measures due to the negative impact caused by novel Coronavirus.

Sawiris warns against continuation of curfew, advices not to buy shares

Tue, 31 Mar 2020 - 10:50 GMT

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 in talks to buy 51% stake in Egypt state-owned mining firm

Sun, 23 Feb 2020 - 11:41 GMT

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.

Egypt in talks with companies to promote new gold-mining tender

Wed, 19 Feb 2020 - 03:10 GMT

“We are willing to participate in any area that could be promising,” Sawiris clarified.

Sawiris Foundation reveals annual ceremony date

Sun, 15 Dec 2019 - 01:21 GMT

The ceremony will be held on Jan. 10, 2020 at Cairo Opera House's Grand Theater at 7 p.m.

Egypt's Sawiris eyes mining opportunities at home with new law

Tue, 27 Aug 2019 - 12:15 GMT

The law has been approved but final details are yet to be published in the official gazette.

Sawiris brothers ranked among Bloomberg Billionaires Index

Thu, 28 Feb 2019 - 03:19 GMT

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.

Sawiris pays LE2B as reconciliation bill with FRA

Wed, 27 Feb 2019 - 10:09 GMT

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.

Rejecting Beltone’s complaint contains incorrect facts: Sawiris

Mon, 24 Dec 2018 - 02:52 GMT

He added that the company will resort to appealing this decision to the committees and the competent authorities.

All you need to know about the 2nd edition of GIFF

Wed, 29 Aug 2018 - 01:24 GMT

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.

Sawiris refutes merging Free Egyptians party with Al-Ghad

Mon, 09 Apr 2018 - 10:15 GMT

After the presidential election, activists and groups started to call for merging political parties to “develop a new Egyptian political map.”

El Gouna International Squash Open to kick-off in April

Fri, 30 Mar 2018 - 05:36 GMT

The best squash players in the world are going to participate in the seventh edition of El Gouna International Squash Open.

Sawiris, Masour offer to buy Qatari Diar investments in Egypt

Sun, 25 Mar 2018 - 04:10 GMT

Qatari Diar Real Estate Company has received offers from businessmen Naguib Sawiris and Yassin Mansour to buy the company’s investment in Egypt.

Nassef Sawiris; Egypt’s richest businessman

Wed, 07 Mar 2018 - 09:54 GMT

According to Forbes’ World Billionaire List, Nassif Sawiris’ wealth doubled Trump’s wealth which is estimated at $3.1 billion.