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Wednesday, 4 November 2020

Egypt in the News on Wednesday, 4 November 2020

It’s a mixed bag in the pages of the foreign press this morning…

How to invest like a b’naire, according to Egypt’s Mohamed Mansour: Egyptian b’naire Mohamed Mansour is staying away from banks, and has instead built a decade-old London-based investment to grow his family’s wealth, the 72-year-old Mansour Group chairman tells Bloomberg. “I used to leave my money with the banks, but I wasn’t pleased with the returns I was getting,” Mansour said. Man Capital — the investment arm of the USD 7 bn Mansour Group — led early investments in the likes of Facebook, Twitter, Uber, AirBnB, Snowflake, and Adyen. The firm now focuses on pouring investments into “the sectors of the future.” Man Capital has been sticking with its tech-focused investment strategy, especially with covid-19, Mansour said.

Gov’t releases 400 arrested in rare protests this year: A Giza terrorism court on Tuesday ordered the conditional release of 416 people arrested in connection with the 20 September anti-government protests this year, AFP reports. Over 2k people were arrested during demonstrations that demanded the removal of President El Sisi and followed the viral spread of videos by exiled businessman Mohamed Ali.

Egyptology is in the news: Egyptologist Toby Wilkinson’s new book, A World Beneath the Sands, is a “gripping tale of the archaeologists who raced to uncover dazzling ancient monuments,” the Financial Times’ Sue Gaisford writes. Elsewhere, CNN wonders if all of Egypt’s archaeological discoveries this year are enough to lure back tourists.

Asylum in South Korea? Egyptians came in second on a list of 164 asylum seekers accepted into South Korea this year, according to Reuters.

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