{"id":628374,"date":"2018-05-02T04:18:50","date_gmt":"2018-05-02T04:18:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/naguib-is-really-hoping-trumps-potential-meeting-with-kim-jong-un-goes-smoothly\/"},"modified":"2018-05-02T04:18:50","modified_gmt":"2018-05-02T04:18:50","slug":"naguib-is-really-hoping-trumps-potential-meeting-with-kim-jong-un-goes-smoothly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/naguib-is-really-hoping-trumps-potential-meeting-with-kim-jong-un-goes-smoothly\/","title":{"rendered":"Naguib is really hoping Trump\u2019s potential meeting with Kim Jong Un goes smoothly"},"content":{"rendered":"

<\/a> Naguib is really hoping Trump\u2019s potential meeting with Kim Jong Un goes smoothly:<\/strong> Sawiris is really rooting for a successful peace conference between US President Donald Trump and DPRK ruler Kim Jong Un, as it may the miracle that allows him to repatriate profits from Koryolink held up there for ten years, he tells Bloomberg TV in an interview on Monday. \u201cI am taking all the hits, I am being paid in a currency that doesn\u2019t get exchanged very easily, I have put a lot of money and built a hotel and did a lot of good stuff there,\u201d said Sawiris. The company, which was seized by the state which launched a rival telecom operator, aren\u2019t currently recognized on the financial statements of OTMT. Sawiris says he has been pressured by \u201cevery single Western government in the world\u201d for his presence in the country.<\/p>\n

As for Egypt, Sawiris really likes real estate, saying that he\u2019s planning an investment debut in the \u201cbooming\u201d real estate market this year<\/strong> after hiring a consultant who said demand was strong. He shrugged off concerns of a bubble in the market. Sawiris had said in a conference on Sunday<\/a> that he plans to exit whatever investments he still had left in the telecoms sector to concentrate on real estate, agriculture and financial services.<\/p>\n

He still doesn\u2019t like Saudi:<\/strong> For the second time since last November, Naguib came out strongly against Saudi Arabia, primarily over the anti-corruption purge which took place there. Authorities need to ensure there is rule of law and order and transparency, he said.<\/p>\n

\u201cGoldfinger\u201d Sawiris?<\/strong> OTMT Chairman Naguib Sawiris really likes to park his money in gold, investing nearly half of his USD 5.7 bn net worth into gold. Gold will reach USD 1,800 per ounce from just above USD 1,300 now, believing gold prices will rally further, while \u201covervalued\u201d stock markets crash. You can catch the full interview here (watch, runtime: 17:07<\/a>) or read the highlights here<\/a>.<\/p>\n

In other Sawiris news, the OTMT boss is looking restart talks with the government over investing in its EGP 451 mn venture capital firm Egypt Ventures,<\/strong> he said on the sidelines of a conference<\/a> on Sunday. Sawiris had initially expressed his interest<\/a> in the firm last year, and said at the time that he would study the idea and meet with company executives to discuss the possible investment. He said on Sunday that he is behind the delayed talks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Naguib is really hoping Trump\u2019s potential meeting with Kim Jong Un goes smoothly: Sawiris is really rooting for a successful peace conference between US President Donald Trump and DPRK ruler Kim Jong Un, as it may the miracle that allows him to repatriate profits from Koryolink held up there for ten years, he tells Bloomberg […]<\/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-628374","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4c8c0090-92aa-4c1a-bd52-4763b0376000","order":"0","is_powered_by":true,"section_story_id":"8ed63599-9766-42f7-9186-e4d25657568d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628355],"teaser":"","voice_url":""},"yoast_head":"\nNaguib is really hoping Trump\u2019s potential meeting with Kim Jong Un goes smoothly - 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The spat between bn\u2019aire Naguib Sawiris and the FEP (of which\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":624920,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/sawiris-other-gold-bugs-look-to-goose-miners-share-prices\/","url_meta":{"origin":628374,"position":5},"title":"Sawiris, other gold bugs look to goose miners\u2019 share prices","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"**#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\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628374"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628374\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628355"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628374"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628374"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}