Egyptian billionaire Hassan Allam signs deal to revive Alexandria Tram Line
The contract, awarded by the National Authority for Tunnels (NAT), marks a pivotal push to modernize urban transport in Egypt’s second-largest city.
Egyptian billionaire
Egyptian billionaire Yasseen Mansour makes $4 million from Palm Hills
Over the past 15 days, the company’s stock has risen by 9.64 percent, boosting Mansour’s stake from $43.15 million to $47.31 million.
Samih Sawiris’ Orascom Development Egypt posts Q1 revenue of $127 million
Orascom Development Egypt posted $126.8 million in Q1 revenue, driven by hotels and land sales, despite a dip in real estate bookings.
Yasseen Mansour's Palm Hills books $1 billion in Q1 sales
Palm Hills, chaired by Yasseen Mansour, kicked off 2025 with $1 billion in Q1 sales, up 148%, driven by booming demand in New Cairo, Badya, and Alexandria.
ORA Developers, led by Naguib Sawiris, begins Al-Wardi City project in Iraq
Ora Developers, led by billionaire Naguib Sawiris, has broken ground on Iraq’s Al-Wardi City, a major eco-focused housing and smart city project near Baghdad.
Naguib Sawiris leads $47 million Pyramids of Giza upgrade
This comes after growing complaints from tourists about poor management, aggressive traders, and disturbing reports of animal cruelty.
Egyptian billionaire eyes $17 billion from mixed-use development in Iraq
TMG, controlled by Hisham Talaat Moustafa, eyes $17 billion from Iraq project as it pushes regional growth, betting on smart cities and recurring income beyond Egypt and Saudi Arabia.
Egyptian billionaire unveils coastal city in UAE
Naguib Sawiris' Ora Developers launches Bayn, a coastal city in Ghantoot, blending vibrant urban living with serene Arabian Gulf waterfront.
Nassef Sawiris blames UK exit on Conservative government’s failing
Egypt’s richest man Nassef Sawiris left the UK for Italy, blaming “years of incompetence” by the Conservative government on tax policy.
Samih Sawiris to perform at Cairo Opera House for Gaza refugee support
Egyptian billionaire Samih Sawiris will perform at the Cairo Opera House on May 7, 2025, to raise funds for Gaza’s displaced refugees.
Yasseen Mansour's Palm Hills backs $25.2 million loan for 200 hotel rooms
Palm Hills backs $25.2 million loan for 200 hotel rooms at Hacienda White, boosting its stake in Egypt's North Coast tourism.
7 companies owned by Egyptian billionaire Yasseen Mansour
Egyptian billionaire Yasseen Mansour’s vast empire spans real estate, automotive, retail, and finance, solidifying his influence in Egypt’s economic transformation.
Elsewedy Electric, led by the Egyptian billionaire El-Sewedy family, reports $4.58 billion revenue
With a strong financial foundation, Elsewedy Electric is positioning itself for further expansion, reinforcing its role as a key player in the global energy and infrastructure market.
Samih Sawiris’ Orascom Development Egypt posts $430 million in revenue for 2024
Orascom Development Egypt’s revenue surged 41.91% to $430 million in 2024, driven by record real estate sales and strong hospitality growth despite FX losses.
Naguib Sawiris, Egypt’s second-richest man, is $469 million richer this year
This follows a $500 million gain in 2024 when his fortune increased from $6.48 billion to $6.98 billion.
Egyptian billionaire Samih Sawiris transforms Andermatt with $1.2 billion luxury makeover
The revitalized resort now offers world-class skiing, scenic hiking trails, championship golf, and Michelin-starred dining.