Egyptian billionaire Nassef Sawiris’ OCI to reward shareholders with $700 million payout
OCI, led by billionaire Nassef Sawiris, approves $700 million shareholder payout via capital repayment or dividend, backed by strong financial reserves.
Egyptian billionaire
Egypt’s second-richest man, Naguib Sawiris, is $2 billion richer this year
Naguib Sawiris adds $2 billion to his net worth, nears $9 billion with new investments in clean energy and mega real estate projects.
UK court dismisses murder suit against Egyptian billionaire Hisham Talaat Moustafa
UK court clears Egyptian billionaire Hisham Talaat Moustafa in civil suit linked to Suzanne Tamim’s 2008 killing.
Egyptian billionaire Samih Sawiris’ Mamula Island enters new era with Banyan Group
Egyptian billionaire Samih Sawiris’ Mamula Island hotel begins a Banyan Tree rebrand after a seven-year restoration of the historic fortress.
Egypt's Naguib Sawiris to invest $100 million in electric motorbike project in Morocco
Naguib Sawiris backs $100 million plan to electrify Morocco’s motorbike transport through affordable battery leasing with BluEV.
Hisham Talaat Moustafa leads TMG to record $4.3 billion sales in H1 2025
TMG posts $4.3 billion in H1 2025 sales, driven by high demand for Egypt’s coastal projects and expansion into Oman, Iraq.
Orascom, controlled by Egypt’s richest family, faces $28 million arbitration award
Orascom Construction faces a $28.7 million arbitration award in Qatar over the Sidra project, even as it celebrates wind energy progress in Egypt.
Egyptian billionaire Nassef Sawiris’ OCI finalizes $1.6 billion methanol business sale
OCI sells $1.6 billion methanol unit to Methanex, secures cash, cuts debt, and plans $1 billion shareholder payout by 2026.
Egyptian billionaire Yasseen Mansour loses $6 million from Palm Hills stake
Yasseen Mansour loses $6 million as Palm Hills shares drop nearly 11%, exposing real estate risks amid Egypt’s economic volatility
Egyptian property billionaire Hisham Talaat Moustafa loses $78.5 million
TMG stock slumps 7%, wiping $78 million from Hisham Talaat Moustafa’s holdings amid Egypt’s cooling real estate sector.
Hisham Talaat Moustafa’s TMG eyes $2.4 billion in sales from Sharm Bay project
The project, located near Sharm El-Sheikh, reflects the group's growing focus on high-end tourism and residential investments.
Egyptian billionaire Yasseen Mansour’s Palm Hills signs deal for real estate project in UAE
Palm Hills expands beyond Egypt with a major Abu Dhabi project near Saadiyat Island, boosting Gulf presence amid record-breaking Q1 2025 sales.
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 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.