Madinet Masr’s net profit reaches $52 million as new projects fuel growth
Net profit rose by 88.9 percent, exceeding $50 million, as contracted sales more than doubled and revenue surged 62.9 percent.
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Egyptian billionaire Naguib Sawiris unveils $150 million hotel project in Cairo
Naguib Sawiris plans to invest $150 million in luxury hotels near Egypt’s iconic Pyramids, aiming to enhance the country’s tourism appeal.
Dawie de Villiers receives $2 million compensation for 2024 fiscal year at Alexforbes Group
This represents a significant 89.68 percent surge from the R19.16 million ($1.07 million) he received in the previous year 2023.
Alex Karp’s Palantir extends $36.8 million AI deal with U.S. Special Operations
This extension highlights Palantir's growing influence in defense, leveraging its expertise in artificial intelligence and data analytics to modernize mission-critical systems.
Seplat Energy acquires ExxonMobil Nigeria for $800 million
The deal strengthens Seplat’s leadership in the country’s energy sector and enhances its global standing.