{"id":624920,"date":"2018-09-23T04:26:51","date_gmt":"2018-09-23T04:26:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/sawiris-other-gold-bugs-look-to-goose-miners-share-prices\/"},"modified":"2018-09-23T04:26:51","modified_gmt":"2018-09-23T04:26:51","slug":"sawiris-other-gold-bugs-look-to-goose-miners-share-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/sawiris-other-gold-bugs-look-to-goose-miners-share-prices\/","title":{"rendered":"Sawiris, other gold bugs look to goose miners\u2019 share prices"},"content":{"rendered":"

<\/a> **#7 Sawiris, other gold bugs look to goose miners\u2019 share prices: <\/strong>Naguib Sawiris\u2019 La Mancha Group<\/a><\/u> and a number of other investors have joined New York-based hedge fund Paulson & Co.<\/a><\/u> on an initiative that means to \u201cpromote constructive engagement between the gold mining industry and the investment community,\u201d according to a press release picked up by the Financial Times<\/a><\/u>. The move is meant to reverse a sharp drop in gold miner shares, which witnessed a 25% decrease in prices this year. It\u2019s unclear how exactly the group, which goes by the name Shareholders\u2019 Gold Council, intends to remedy the problem.<\/p>\n

In other news from the Egyptian bn\u2019aire, Naguib <\/strong>tweeted on Thursday<\/a><\/u><\/strong> that the UN has exempted his North Korean telecom operation, Koryolink, from sanctions. <\/strong>Reports that Sawiris\u2019s Telecom Media and Technology Holding (OTMT) withdrew its North Korea operation<\/a><\/u> amid mounting pressure from the US and UN Security Council surfaced last year, but an official from OTMT had denied the claims<\/a><\/u> and Sawiris had confirmed he had no plans to exit the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#7 Sawiris, other gold bugs look to goose miners\u2019 share prices: Naguib Sawiris\u2019 La Mancha Group and a number of other investors have joined New York-based hedge fund Paulson & Co. on an initiative that means to \u201cpromote constructive engagement between the gold mining industry and the investment community,\u201d according to a press release picked […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624920","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2e1538d6-c2ee-4c68-a255-08f680ee8f70","order":"0","is_powered_by":true,"section_story_id":"84cf5c2e-79a3-4f25-a38c-88b0e1f4340f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624906],"teaser":"","voice_url":""},"yoast_head":"\nSawiris, other gold bugs look to goose miners\u2019 share prices - 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He did not provide any details\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594643,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/naguib-is-waiting-on-the-mineral-resources-acts-exec-regs-before-deciding-on-gold-investments-in-egypt\/","url_meta":{"origin":624920,"position":4},"title":"Naguib is waiting on the Mineral Resources Act\u2019s exec regs before deciding on gold investments in Egypt","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"Naguib is waiting on Mineral Resources Act exec regs before deciding on gold investments in Egypt: The executive regulations to the newly-ratified Mineral Resources Act will determine whether or not Naguib Sawiris will invest in Egypt\u2019s gold and copper mining industry, he tells Al Arabiya TV (watch, runtime: 3:44). 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