Egyptian Billionaire Sawiris on Unrest

Wednesday, 3 Jul 2013 | 12:16 PM ET

The turmoil in Egypt is boosting oil prices over $100 per barrel, with CNBC's Yousef Gamal el-Din. Naguib Sawiris, Telecom Media & Technology, awaits the Egyptian statement and says this is not a coup. Rather, he says, the military is there to protect the people.