07 December, 2025

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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 …

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Egypt Independent October 15, 2025

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 …

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Egypt Independent July 31, 2025

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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Egypt Independent July 15, 2025

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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Egypt Independent October 16, 2024

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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Egypt Independent May 30, 2024

National Bank of Egypt intends to invest five billion LE this year

The National Bank of Egypt, the largest government bank in Egypt, intends to invest up to five billion LE during 2024 in new projects and expand some currently existing ones, according to the CEO of Investments and Investment Trustees of the bank Ahmed al-Saeed during his talk with Al-Sharq. Saeed explained that new investments will …

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Egypt Independent March 27, 2024