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Egyptian Billionaire Sawiris on Unrest

12:16 PM ET Wed, 3 July 2013

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.