Egyptian billionaire Naguib Sawiris vows to be at ‘forefront of investors’ in Sudan

Naguib Sawiris. (REUTERS)
Updated 19 March 2018
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Egyptian billionaire Naguib Sawiris vows to be at ‘forefront of investors’ in Sudan

CAIRO: Egypt’s business tycoon Naguib Sawiris vowed to be at the “forefront of investors” in Sudan in a tweet on Monday during the Sudanese president’s visit to Cairo.
The prominent businessman welcomed the Sudanese President Omar Al-Bashir to Egypt and praised the step aimed at boosting bilateral ties between the “brotherly states.”
Sawiris wrote in his tweet: “Welcome your excellency Sudanese President Omar Al-Bashir in your home country Egypt, and sincere thanks to you and President Abdel Fattah El-Sisi for unifying the row and for the mutual love.”
He described the visit as a “historic step that ended the cloud of the past.”
Sawiris, one of the world’s leading investors, said: “We will be at the forefront of investors in the brotherly Sudan, God willing.”

El-Sisi received his Sudanese counterpart Omar Al-Bashir on Monday at the Cairo International Airport.
Both leaders will discuss the outstanding issues between the two countries, based on the agreement reached at the recent Addis Ababa Summit.
The one-day visit will also focus on tackling cooperation across various fields, as well as issues of joint interest, said Egyptian Presidency spokesperson Bassam Radi in a statement on Sunday.


The art of war: fears for masterpieces on loan to Louvre Abu Dhabi

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The art of war: fears for masterpieces on loan to Louvre Abu Dhabi

  • UAE paid more than €1 billion to borrow priceless works, but experts in France want them back

PARIS: The Middle East war has raised fears for the safety of priceless masterpieces on loan from France to the Louvre Abu Dhabi, the museum’s only foreign branch.
The Abu Dhabi museum, which opened in 2017, has so far escaped damage from nearly 1,800 Iranian drone and missile strikes launched since the conflict erupted on Feb. 28.
However, concerns are mounting in France. “The works must be removed,” said Didier Selles, who helped broker the original agreement between France and the UAE.
French journal La Tribune de l’Art echoed that alarm. “The Louvre’s works in Abu Dhabi must be secured!” it said.
France’s culture ministry said French authorities were “in close and regular contact with the authorities of the UAE to ensure the protection of the works loaned by France.”
Under the agreement with the UAE, France agreed to provide expertise, lend works of art and organize exhibitions, in return for €1 billion, including €400 million for licensing the use of the Louvre name. The deal was extended in 2021 to 2047 for an additional €165 million.
Works on loan include paintings by Rembrandt and Chardin, Classical statues of Isis, Roman sarcophagi and Islamic masterpieces: such as the Pyxis of Al-Mughira.

A Louvre Abu Dhabi source said the museum was designed to protect collections from both security threats and natural disasters.