Egypt allocates 90,000 acres of state-owned land in Sinai to the army middleeastmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middleeastmonitor.com Daily Mail and Mail on Sunday newspapers.
Share
Three years ago, Egyptian telecom magnate Naguib Sawiris invested half his fortune in gold. Now, as head of La Mancha in Luxembourg, he wants to go further. (Photo: Nader Daoud / World Economic Forum)
La Mancha, the Luxembourg holding company of Egyptian billionaire Naguib Sawiris, launched a new $1.5 billion investment fund from Luxembourg this week, primarily focused on gold mining.
“Creating a fund is the natural consequence of what we have been doing since we vended-in our operational assets into Evolution and Endeavour in 2015. Transitioning to a fund structure and welcoming new investors is timely when we are seeing opportunities in a gold mining sector which is fragmented and needs further consolidation,” Naguib Sawiris, chairman of La Mancha’s board of managers said in a statement.
Ittihad of Alexandria start stadium-building process kingfut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kingfut.com Daily Mail and Mail on Sunday newspapers.
DUBAI: The military accounts for 24 percent of cement production capacity in Egypt, the Financial Times reported, citing officials. The cement spending spree has pushed a number of private sector players toward collapse and deterred investment in what is now perceived as an oversupplied market, the newspaper said. “The military’s intervention appears to have been based on a
Egypt inks deal to build Kafr El-Dawwar textile industrial complex zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.