Cairo Breaking News: Egypt Billionaire Sawiris Family to Invest "like Never Before"

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Cairo Breaking News: Egypt Billionaire Sawiris Family to Invest "like Never Before"

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Cairo Breaking News: Egypt Billionaire Sawiris Family to Invest "like Never Before"

by Wochit 0:55 mins

Cairo Breaking News: Egypt Billionaire Sawiris Family to Invest "like Never Before"

by Wochit 0:55 mins

Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be "investing in Egypt like never before" after the ousting of a president he accused of bullying opponents to his rule. Deputy Secretary of State William J. Burns arrived in Cairo at a time of high anti-American sentiment on all sides in the crisis, as he tries to end a standoff. Military attack helicopters rattle over the impoverished desert towns of northern Sinai and the sound of gunfire erupts nightly, raising fears among residents of a looming confrontation between Egypt's military and Islamic militants who have intensified attacks since the ouster of President Mohammed Morsi.

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