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Sawiris warns concerns only if USD hits EGP60-70

Egyptian businessman Naguib Sawiris said that the recent rise in the US dollar to EGP 50.5 from EGP 49.5 is not a cause for concern, warning that worry would only arise if the rate climbs to levels of EGP 60 or EGP 70.

Updated 12/10/2024 4:45:00 AM
Legal obstacles hinder growth of Egypt's payments sector: Naguib Sawiris

The payments sector in Egypt is facing legal obstacles facing that hinder its development and growth, Business tycoon Naguib Sawiris said during the second session of the Sixth Annual Hapi Conference.

Updated 12/9/2024 3:56:00 PM
Middle East faces challenges, but Egypt holds strong investment potential: Naguib Sawiris

The political and economic situation in the Middle East is facing huge challenges, Egyptian tycoon Naguib Sawiris said during the second session of the 6th Annual Hapi Conference, citing escalating events in Syria and Libya and their impact on investment.

Updated 12/9/2024 3:04:00 PM
Naguib Sawiris plans to develop $150M hotels in Pyramids area

Businessman Naguib Sawiris unveiled plans to build one or two hotels near the Pyramids area and Sphinx Airport with a combined investment value of $150 million.

Updated 12/9/2024 3:16:00 AM
Geopolitical tensions likely to influence gold prices: Naguib Sawiris

Gold prices are likely to jump on the back of the current geopolitical tensions, businessman Naguib Sawiris said during the sixth annual Hapi Conference.

Updated 12/9/2024 2:52:00 AM