Egyptian tycoon Safwan Thabet adds $81 million from Juhayna stake
Egyptian tycoon Safwan Thabet’s Juhayna stake jumps $82 million as shares rally on the EGX, lifting his fortune close to $600 million.
Egyptian tycoon
Edita, led by Egyptian tycoon Hani Berzi, posts $190 million revenue in first half of 2025
Egypt’s Edita Food Industries, led by Hani Berzi, posts $190.7 million H1 2025 revenue, with profit up 22.7% despite lower sales volumes.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, to develop $1.8 billion project in Cairo
The ambitious project, spanning over 2 million square meters, underscores Egypt’s growing momentum in large-scale real estate development amid rising urban demand.
Egyptian tycoon Ahmed El-Sewedy-led electric company wins contract for mega rail project
Elsewedy will handle the full HVAC delivery scope—supply, copper piping installation, start-up, commissioning, and after-sales service—ensuring seamless execution.
Egypt’s Mohammed El-Sewedy sees electric stake rise toward $600 million
Egyptian tycoon gains $31.6 million in eight days as Elsewedy Electric stock surges on EGX.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, eyes Saudi expansion
Madinet Masr signs MoU with Waheej to co-develop real estate projects in Saudi Arabia, marking a key move in its regional growth strategy.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, opens new unit in Dubai
The new entity will serve as the hub for managing the group’s real estate projects beyond Egypt.
Egyptian tycoon Hani Berzi’s Edita Foods stake surges past $170 million
His stake's market value has climbed by $5.75 million, reversing some of the sharp declines recorded earlier this year.
Egyptian tycoon Ashraf Sabry’s Fawry invests $1.6 million in three local tech firms
The leaders of the acquired companies welcomed the partnerships, describing them as valuable opportunities for growth.
Egyptian tycoon Yasmine Khamis’ Oriental Weavers to pay $21 million dividend
The decision to reward shareholders follows a year of strong earnings growth and sustained market expansion.
Egyptian tycoon Hassan Allam’s firm seals deal to build nationwide EV charging network
The plan includes installing both alternate current (AC) and direct current (DC) chargers at high-traffic filling stations, making EV adoption more accessible.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, seeks end to Morocco’s carpet tariff
The company argues that the economic conditions that led to the duty in 2022 have changed, making it unnecessary.
Egyptian tycoon Ibrahim Al Organi backs $5 billion mega project, steering Organi Group’s bold expansion
The consortium aims to take on large-scale projects across Egypt and beyond, targeting $500 million in business volume in its first year.
Basil El-Baz: Egyptian tycoon behind $10.8 billion petrochemical revolution
More than two decades into his career, Basil El-Baz has not only built billion-dollar ventures but has also reshaped Egypt’s petrochemical industry.
Egyptian tycoon Mohamed Morshedy’s firm buys iconic Fouda Tower for $49.7 million
Morshedy Group is set to redevelop the 50-story Fouda Tower into a luxury mixed-use development featuring high-end residences and a premium hotel.
Egyptian tycoon Hassan Allam’s group expands agri-portfolio with Jinet Agriculture
As part of this move, Jinet Agriculture has acquired 14,100 feddans in West Minya from the Egyptian Countryside Development Company.