CAIRO: On Tuesday an Egyptian court dismissed a case brought against telecom tycoon and liberal politician Naguib Sawiris. Judge Ehab Yousry, dismissed the case against Sawiris on the grounds that it had been filed by individuals who “lack legal standing.” Charges had been brought against Sawris by a group of lawyers who accused him of [...]
CAIRO: The trial for Egypt’s telecom tycoon and liberal political leader Naguib Sawiris has been postponed until February 11 because the billionaire failed to appear in court on Saturday. Sawiris faces contempt of religion charges after he tweeted a cartoon of Mickey Mouse wearing a turban and beard and Minnie Mouse in niqab last summer, [...]
CAIRO: Egypt’s telecom tycoon and liberal political leader Naguib Sawiris is to face trial on contempt of religion charges, Islamist lawyer who brought the charges Mahmoud Ismail, said on Monday. Sawiris sparked local outcries last summer when he tweeted on his personal Twitter account a cartoon depicting Mickey Mouse wearing a turban and Minnie Mouse [...]
CAIRO: The Egyptian government has withdrawn 2,100 hectares of land from the country’s top businessmen including telecom tycoon Naguib Sawiris and Ahmed Ezz, the electricity ministry said in a statement on Sunday. The land had been “given to investors through contracts signed in 1996 in which it was indicated that it is essential that investments [...]
CAIRO: Islamic scholar Youssef al-Badry has filed a lawsuit against the military ruling council for appointing businessman Naguib Sawiris to join the Consultative Committee formed by the military council to act as an advisory board for social, political and economic issues. Badry is known for filing many lawsuits and going after intellectuals and thinkers in [...]
CAIRO: Prominent Coptic businessman turned politician, Naguib Sawiris, accused the Egyptian military of being complicit in the massacre at Maspero on October 9. Sawiris rejected that the violence at Maspero was incited by “infiltrators” and stated that it is the responsibility of the military to safeguard security, in an interview on Al Arabiya TV’s “Point [...]
CAIRO: Egyptian businessman Naguib Sawiris said he’s in discussions with partners to help finance a bid for Orange Switzerland, the France Telecom mobile-phone unit that may fetch about 2 billion Euros ($2.8 billion). “I wouldn’t do it alone,” he said in a telephone interview on Friday. “We are looking for partners.” Sawiris, the founder of [...]
CAIRO: Egypt’s telecom operator Mobinil has reported that they have lost over 300,000 users since the beginning of the Mickey Mouse debacle, which many Egyptians felt was insulting to Islam. In March 2011, Mobinil had 30.2 million customers. It now has 29.8 million, according to Egyptian Ministry of Communication indicators. The boycott campaign began when [...]
CAIRO: The political party of Egypt’s wealthiest man, Naguib Sawiris, was approved by the government on Wednesday, the state run MENA news agency reported. The Free Egyptians Party, which was legalized on Wednesday, said at a press conference that it would work for a civil state and promote freedom of faith. “This secular party looks [...]
CAIRO: A proposed capital gains tax on dividend payments has been scrapped after leading telecom tycoon Naguib Sawiris came out publicly denouncing the proposal. Analysts and market experts had long said the move would not be seen as a positive for Egypt in light of their economic woes. “We are happy that the finance ministry [...]
CAIRO: Business tycoon and Egypt’s Orascom Telecom CEO Naguib Sawiris announced he would step down as executive chairman of the company as he begins to move toward more involvement in the country’s changing political sphere. It comes only days after the company appointed a new chief to oversee the telecom company’s operations. Sawiris has become [...]
CAIRO: The international community celebrated International Day for the Freedom of the Press on Tuesday, May 3. Egypt’s Almasreyeen al-Ahrar party saw the celebration this year being centered on the modern electronic media that played a key role in the January 25 revolution which liberated Egypt from decades of dictatorship and the stifling of freedoms [...]
CAIRO: Prominent Egyptian businessman Naguib Sawiris announced on Sunday evening the launching of his new political party under the name “Al Masryeen Al Ahrar,” or “The free Egyptians.” In a press conference, Sawiris stressed the importance of “positiveness” through the coming five months in which the voices of the silent majority would arise to solve [...]
Egypt’s telecom mogul Naguib Sawiris is bucking the trend of other businesspeople in the country by speaking out in favor of the demonstrations to topple the government of President Hosni Mubarak. As other members of Egypt’s wealthy keep a low profile, Sawiris appears ready to throw his backing of the revolution. As to why he [...]
CAIRO: Authorities have promised a Google, Inc. executive missing since the first day of demonstrations in Egypt will be released on Monday, said Egyptian telecom tycoon Naguib Sawiris. Sawiris told a satellite television channel he owns that he had asked for Wael Ghonim’s release during talks with Vice President Omar Suleiman on Sunday, alongside opposition [...]
Egyptian business tycoon Naguib Sawiris denied fleeing the country amidst daily unrest and protests calling for Egypt’s President Mubarak to resign. Reports have mentioned that 19 powerful and influential Egyptian businessmen have fled the country in their private jets while thousands continue to protest and defy daily curfews. He told AFP on Monday that the [...]
CAIRO: Naguib Sawiris, CEO of Egypt’s Orascom Telecom, has been invited to an audience with North Korea’s Kim Jong-il during a visit to Pyongyang, the country’s capital. Kim Jong-il “warmly welcomed [Sawiris’] DPRK visit taking place at a time when Orascom’s investment is making successful progress in different fields of the DPRK, including telecommunications,” reported [...]
CAIRO: Orascom Telecom Holding fell 4.3 percent on Wednesday, the most in more than two months. The slide came after Chairman Naguib Sawiris said Orascom, the largest mobile phone operator in the Middle East, will be unlikely to resolve its dispute with Algeria. At the Cairo closing at 2:30pm on Wednesday, the shares had fallen [...]
CAIRO: Russian telecommunications operator Vimpelcom’s deal to buy telecom assets from Egyptian billionaire Naguib Sawiris has “a very big chance” of going through, Sawiris told Reuters on Tuesday. Asked if he was worried VimpelCom shareholder Telenor might block the deal to buy control of Cairo-based Orascom Telecom and Italy’s Wind, Sawiris said, “No, I’m not [...]
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