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Egyptian billionaire Nassef Sawiris seeks to invest $50 billion in the US

Egyptian billionaire Nassef Sawiris is preparing to direct up to US$50 billion of capital over the next decade to invest in infrastructure opportunities in the US, as he moves to consolidate his publicly listed holding companies in Abu Dhabi. The capital will be channeled – along with partners and investors – to invest in US …

The post Egyptian billionaire Nassef Sawiris seeks to invest $50 billion in the US appeared first on Egypt Independent.

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Egypt invites citizens to invest in its economic revival. What does that mean?

Egypt’s Ministry of Finance has announced its intention to issue retail bonds specifically designed for individuals, aiming to provide citizens with new savings instruments. Deputy Minister of Finance Ahmed Kojok, revealed this during his participation in the Financial Regulatory Authority conference, emphasizing that this move seeks to more effectively involve citizens in the management and investment …

The post Egypt invites citizens to invest in its economic revival. What does that mean? appeared first on Egypt Independent.

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Tesla to hold shareholder vote on whether to invest in xAI

New York CNN  —  Tesla will hold a shareholder vote on whether Elon Musk’s carmaker should invest in his artificial intelligence startup xAI, the billionaire said Sunday. “If it was up to me, Tesla would have invested in xAI long ago,” Musk said in a post on his social media platform X, which itself is …

The post Tesla to hold shareholder vote on whether to invest in xAI appeared first on Egypt Independent.

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Elon Musk and other billionaires invest staggering sums into electing Trump, plus other takeaways from third-quarter filings

CNN  —  Some of the world’s wealthiest figures – led by conservative donor Miriam Adelson and tech billionaire Elon Musk – have funneled tens of millions of dollars into political groups in recent months to boost Donald Trump’s White House bid, new reports filed Tuesday with federal regulators show. Musk, the world’s richest person, gave …

The post Elon Musk and other billionaires invest staggering sums into electing Trump, plus other takeaways from third-quarter filings appeared first on Egypt Independent.

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China to invest $845 million on ramping up its advanced EV battery ambitions

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN  —  China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy …

The post China to invest $845 million on ramping up its advanced EV battery ambitions appeared first on Egypt Independent.

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