Latest in Tag: Sawiris. Highlight
Latest in Tag: Sawiris.
Beltone refuses sale rate offered from Hermes
Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after alliance purchased only 9% of shares
Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target
54.4m shares purchased represent less than 9% of total Hermes shares
OCI confident in its position in ongoing tax case: Nassef Sawriris exclusively to DNE
We continue to be committed to investing in Egypt, construction tycoon said.
Finance ministry mulls formation of ETA-Orascom committee: Former Head ETA
Company was acquitted by the prosecutor general on the tax evasion case, invalidating the prison sentence on Nassef Sawiris
Nassef Sawiris imprisonment verdict suspended
Company says lawsuit was filed by the ETA prior to the prosecutor general’s decision to acquit the company
Sawiris-Beltone 20% acquisition of Hermes will not be implemented âchaoticallyâ: EFG Hermes Chairman
Head of EFSA says oversight body is currently studying documents submitted to implement the deal
Egypt ranks second in the Worldâs Richest Arabs list: Forbes Middle East
According to Forbes Middle Eastâs counts, the total worth of the Egyptian Sawiris family is $13.2bn
Sawiris says ready to invest $1bn-$2bn in Telecom Italia: Paper
Sawiris had unsuccessfully attempted to buy a stake in Telecom Italia in 2012
Swiss-Listed Orascom warns on profit amid Egyptian instability
Specific factors hitting Orascom include lower capitalisation of financing costs, the devalued Egyptian currency, but also impairments on investments and a review of its taxation
US data centre firm in venture with Egyptian telecoms tycoon
Reuters – US-based data centre firm Switch SUPERNAP has set up a joint venture with specialist investment companies in Egyptian tycoon Naguib Sawirisâ telecoms empire to win business in Europe, Asia and the Americas. The joint venture with Accelero Capital and Orascom TMT Investments will build and operate data centres for clients such as cloud …
Italy says Sawiris welcome to invest in Telecom Italia
Telecom Italia, controlled by Spainâs Telefonica together with three Italian financial companies, is carrying out a 4-billion-euro ($5.5 billion) plan to cut debt and fund investments as it seeks to reverse years of sluggish growth.
Sawiris interested in Telecom Italia: Bloomberg
The report said that Sawiris, who runs Orascom Telecom Media and Technology, stressed that he was not considering an unsolicited bid for TIM and that he had not held talks with either Telecom Italia or Telefonica.
Sawiris Plans Bid For TIM Brasil To Avoid Breakup
Sawiris, who runs Orascom Telecom Media and Technology , has tried to break into the Brazilian market before and was looking to take a larger share of Telecom Italia before Telefonica tightened its grip.
Egyptâs 16 richest men
Egypt has seven prominent billionaires and even more millionaires
Anti-Coup Alliance opens fire on Naguib Sawiris for âigniting sectarian strifeâ
Free Egyptians Party spokesman describes allianceâs allegations as ânonsenseâ, alliance calls for protests against âmilitaryâs judgesâ
Sawiris to invest $1bn in Egypt
Construction sector tycoon says his main investments will target construction, real estate, agriculture and microfinance
Board of trustees appointed for Egypt support fund
Naguib Sawiris and Ahmed Fouad Negm part of nine-member board to oversee Egypt Support Fund
Free Egyptians party announces merge with Democratic Front party
There are other parties which would like to merge with the Free Egyptians Party: Wagih
Sawiris interested in an Italian telecom investment
The Italian government preference might stand between Sawiris and Telecom Italia
Egypt’s cash-strapped rulers woo former regime tycoons
The reconciliation deals are rooted in a decision by the former military rulers, who took charge of the country after Mubarakâs overthrow and before President Morsiâs election
Review: The media, Qatar and businessmen
One columnist addresses what he sees as flaws in the media, and another addresses current economic issues, including reconciliation with businessmen such as Sawiris and Ezz, and the issue of receiving money from Qatar. Four Subjects Dr Ahmed Khaled Tawfik Al-Tahrir newspaper Author Dr Ahmed Khaled Tawfik addressed the state of the media in his …
Sawiris returns to Egypt
Greeted by presidential envoy
OCI reaches final settlement with Egyptian Tax Authority, will pay EGP 7.1bn
Onsi and Nasef Sawirs removed from travel ban list
Bad for business
A few days ago I told a Tunisian friend who just arrived some stories about the Egyptian political scene. She listened to me intently while suppressing her laughter, and after I was finished her only comment was: âCheap Drama..You guys are living in a cheap drama.â I have found her comment not only a fantastic …
Orascom Telecom may follow Orascom Construction Industries
Possibility that telecoms operator will be acquired by Altimo subsidiary
Pity Sawiris
At a time when many Egyptian workers are protesting against the chief executives of companies demanding better rights, employees at Orascom Construction Industries demonstrated an unusual display of loyalty against accusations from the government that the company owes EGP 14bn ($2.1bn) in back taxes relating to the 2007 sale of its cement arm to Franceâs Lafarge. Hundreds of …
OCI case pulls EGX down
Another meeting between OCI and the Egyptian Tax Authority scheduled for Sunday
OCI will discuss tax allegations with ETA on 10 March
Workers from all Orascom companies blocked the Corniche road Wednesday in protest over the travel bans imposed on Onsi and Nassef Sawiris
Orascom workers organise march to protest Sawiris travel ban
The workers fear the closure of Orascom companies and the exit of the Sawiris family from the Egyptian market
OCI denies Sawiris brothers travel ban
The EGX30 plunged more than 126 points as news of the ban circulated