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Egyptian court upholds jail sentence, $7 million fine against business tycoon Nassef Sawiris

appeals court has upheld a previous ruling sentencing construction tycoon Nassef Sawiris to three ... construction tycoon Nassef Sawiris to three years of jail time and a LE50 million ($7 million) fine for failing ... in July, but Sawiris, former CEO of construction and fertilizer producer Orascom Construction Industries, ...

16/09/2014 - 14:52 - comment 0

Evading prison: Sawiris will not face jail time for tax evasion

This comes a day after Samih Sawiris, Nassef Sawiris’s brother, told Reuters that he does not plan ... Industries (OCI) Nassef Sawiris has been “suspended and rendered unenforceable”, the company said ... The imprisonment verdict of Egyptian billionaire and the CEO of Orascom Construction Industries (OCI) Nassef ...

03/07/2014 - 02:00 - comment 0

How much are Egypt's 15 richest men really worth?

Nassef Sawiris, Egypt’s richest man, is the CEO ... Egypt Business Directory said in a report released on Monday, with Nassef Sawiris, Mohamed Mansour and Naguib Sawiris ... Nassef Sawiris, Egypt’s richest man , is the CEO of Orascom Construction Industries (OCI) and owns ...

11/08/2014 - 23:15 - comment 0

Forbes' Middle East list is out and Egypt, yes Egypt, is leading

worth of $2.3bn, $1.9bn and $1.8bn respectively. Samih Sawiris, Nassef and Naguib Sawiris’s brother, ... while third went to the United Arab Emirates, which had 14. Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list ...

14/04/2014 - 18:04 - comment 0

An interview with Egypt's richest man, and he certainly has a few unexpected things to say

Though Nassef Sawiris predicts Egypt’s turbulence ... Sawiris:  I’m quite positive on Egypt. I think we’re going to have a few more months of turbulence until ... of Egypt? Such headlines, for instance, are also keeping tourists away. Sawiris:  There are sectors ...

02/05/2014 - 21:45 - comment 0

Shares in Orascom suspended over tax dispute

Nassef Sawiris, and his father, former company chairman Onsi Sawiris. In March, the ETA said it had ...

23/04/2013 - 11:58 - comment 0

Not all bad, though: Egyptian companies absent from Forbes' 20 top companies list

names.  The wealthiest Egyptians named included construction tycoon Nassef Sawiris, business moguls Mohamed Mansour, Naguib Sawris, Onsi Sawiris, Youssef Mansour, Mohamed Al-Fyaed and Yassen Mansour. ...

22/06/2014 - 23:48 - comment 0

European Investment Bank provides $15 million to Algerian Cement Company

according to Mr Nassef Sawiris, to the Group’s enhanced economic performance.     The project ... responsibility for EIB’s financing arm for the Mediterranean Partner Countries, the FEMIP, and Mr. Nassef Sawiris, Orascom Construction Industries (OCI) Chief Executive Officer.     Philippe de Fontaine ...

15/08/2010 - 10:38 - comment 0

Egypt's top construction firm to pay $1 billion in tax evasion dispute

chairman and CEO Nassef Sawiris, and his father, former company chairman Onsi Sawiris. OCI's share ...

24/03/2013 - 13:00 - comment 0

How did Egypt's 16 richest businessmen get so rich?

it was $4.75bn), Nassef Sawiris runs Orascom Construction  Industries,  Egypt’s most  valuable publicly-traded company, ... and millionaires, Egypt has scored numerous times.  Names like Sawiris,  Sewedy,  Mansour  and  Ghabbour  first ... that was placed on Sawiris  and his  father.  Sawiris is the 4th richest man in Africa and also owns big stakes ...

22/01/2014 - 04:00 - comment 0