image description
image description

Archives


  • 13-11-21

    Egyptian billionaire Naguib Sawiris optimistic on gold value

    (MENAFN) Regardless of people who claim that gold has lost its power as a boundary against inflation, Naguib Sawiris Egyptian billionaire is optimistic on the valuable metal. He also doesn’t plan to invest in cryptocurrencies, is seeking at involving green energy assets in his investment portfolio and aims to dismantle his share in the Euronews television channel.

    On Wednesday, Mr Sawiris, 67, reported in an interview “I’m still very bullish [on gold] and it is a safe haven. People now are comparing Bitcoin with gold; it’s a wrong comparison.”

    The businessman, whose net worth is of USD3.2 billion, is executive chairman of Orascom Investment Holding based in Cairo, and who has interests include financial services, mining, telecoms, media, real estate as well as hospitality businesses, among others.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved