IFC plans $40 million bet on Egyptian billionaire Naguib Sawiris’ Nile Sugar desert project
The IFC is considering a $40 million loan to Nile Sugar Company, owned by Naguib Sawiris, to expand sugar beet farming in Upper Egypt.
Naguib Sawiris
Naguib Sawiris says Egypt's developers are shrinking home sizes as inflation squeezes buyers out of the market
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
Egyptian billionaire Naguib Sawiris says anger cost him €500 million in failed investment bet
Naguib Sawiris says an angry investment decision wiped out €500 million, as the Egyptian billionaire reflects on risk and discipline.
Billionaire Naguib Sawiris backs new Digital School push to train 100,000 Egyptians
Naguib Sawiris joined UAE partners to launch Jusur Al Foras, a plan to train 100,000 Egyptians and place 10,000 in jobs.
Egypt's Orascom Investment narrows nine-month loss as operating revenue jumps
Orascom Investment cut its nine-month loss as revenue surged, and a much stronger third quarter helped offset a weak first half.
Inside the biggest billionaire donations in Africa in 2025
Africa’s billionaires ramped up giving in 2025, funding schools, hospitals and startups as governments face tight budgets and rising public needs.
Egyptian billionaire Naguib Sawiris wants to run 3 airports as government opens operations to private bids
Naguib Sawiris says he wants to run Hurghada, Luxor and Sohag airports as Egypt courts private operators to upgrade tourism gateways.
Egyptian billionaire Naguib Sawiris aims to manage three airports
Egyptian billionaire Naguib Sawiris plans to bid for managing up to three airports as Egypt opens the sector to private operators.
Côte d’Ivoire mine lifts gold output for Egyptian billionaire Naguib Sawiris’ Endeavour
Ity mine in Côte d’Ivoire leads Endeavour Mining’s gold output, boosting Egyptian billionaire Naguib Sawiris’ stake to $1.4 billion.
Egyptian billionaire Naguib Sawiris cuts London penthouse price by $13.2 million
Sawiris lowers London penthouse price to $92.2 million as UK luxury market struggles and wealthy investors reconsider holdings.
Egyptian billionaire Naguib Sawiris' net worth drops below $10 billion amid gold decline
Naguib Sawiris’ net worth dips below $10 billion as falling gold prices cut $170 million from his fortune.
Egyptian billionaire Naguib Sawiris backs new mining reforms in Egypt
Egyptian billionaire Naguib Sawiris supports new mining reforms, boosting investor confidence and gold exploration across Egypt.
Naguib Sawiris becomes Egypt’s first billionaire worth $10 billion
Egyptian billionaire Naguib Sawiris has become the country’s first to surpass $10 billion in net worth, driven by a surge in gold prices boosting his mining assets.
Egyptian tycoons Sawiris, Allam launch $6.5 million social project
Egyptian tycoons Naguib Sawiris and Hassan Allam sealed a $6.5 million social impact deal to boost education, farming, and fight poverty.
Egyptian billionaire Naguib Sawiris’ ORA Developers launches $16 billion projects in UAE, Iraq
Malagasy businessman Hassanein Hiridjee’s Axian joined a $3.5 million round for Paris-based Nucleon Security to scale AI-driven cyber defense.
Egyptian billionaire Naguib Sawiris now worth $9.25 billion after private investment gains
Egyptian billionaire Naguib Sawiris’ fortune rises to $9.25 billion as gold and private investments gain value.