Naguib Sawiris defends brother’s move to suspend investment in Egypt

Samih, Chairman of the Board of Directors of Orascom Development, referred to the suspension of investments at the present time in Egypt due to the economic conditions and the high exchange rate of the US dollar.

“People should not assume bad faith in a family or in a person or individual like me or Samih when we say anything,” Naguib explained in a telephone interview on Al-Hadath Al-Youm channel and in a post on his official page on Twitter.