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Event Details

Unspecified (prior to Egyptian revolution)

Description

Sawires sold shares in Orascom-Mobinil to France Telecom and offloaded cement holdings.

Participants (2)

Name Type Mentions
Sawires family person 2 View Entity
France organization 44 View Entity

Source Documents (1)

HOUSE_OVERSIGHT_025617.tif

Report/Analysis document • 67.5 KB
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This document outlines economic developments in Arab countries starting in the 1990s, focusing on the rise of mobile networks, privatizations, and the emergence of Arab multinationals. It details how powerful families and governments controlled investments and revenue, citing examples like the Trabelsi, Materi, Ezz, Sawires, Makhlouf, and Hariri families as local partners, and mentions key figures like Najib Mikati and companies like Orascom and MTN. The text also touches on the impact of the 1986 oil price crash and the influence of the International Monetary Fund and European Commission on these economies, as well as real estate ventures inspired by the 'Dubai miracle'.

Event Metadata

Type
Unknown
Location
Egypt
Significance Score
5/10
Participants
2
Source Documents
1
Extracted
2025-12-26 15:12

Additional Data

Source
HOUSE_OVERSIGHT_025617.tif
Date String
Unspecified (prior to Egyptian revolution)

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