From his 33rd-floor penthouse apartment with sweeping views of the Nile River, Naguib Sawiris, Egypt’s best-known billionaire and most prominent Christian, can hear the chants of Friday prayers in the distance. As he sits down to a breakfast of taameya and ful, dishes made from fava beans, demonstrators are gathering in Cairo’s Tahrir Square for a planned protest, this time aimed at stopping military trials of thousands of civilians arrested during the revolution that brought down the regime of President Hosni Mubarak.
Egyptian billionaire Naguib Sawiris said he’s in discussions with partners to help finance a bid for Orange Switzerland, the France Telecom SA mobile-phone unit that may fetch about 2 billion euros ($2.8 billion).
Weather Investments SpA, the company that controls most of Egyptian billionaire Naguib Sawiris’s mobile-phone assets, expects a revised merger offer from VimpelCom Ltd . “within days,” Sawiris told Al Arabiya.
Russia’s new ties to Orascom Telecom Holding SAE and historic links with Algeria may help resolve a dispute between the mobile-phone company and the North African country’s government, Egyptian billionaire Naguib Sawiris said.