Egyptian billionaire Hisham Talaat Moustafa gains $90 million as TMG shares rise
Egyptian billionaire Hisham Talaat Moustafa sees wealth rise by $90 million as TMG shares rally, lifting market value above $3 billion.
North Africa
Palm Hills, Marriott plan St. Regis near Grand Egyptian Museum in West Cairo
Palm Hills and Marriott plan a St. Regis near the Grand Egyptian Museum, adding new hotel rooms and branded residences to West Cairo.
Algeria’s richest man Issad Rebrab hit as Brandt folds, 700 jobs lost
Algeria’s richest man Issad Rebrab faces setback as Brandt folds, 700 jobs lost and foreign investment challenges grow.
Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Egyptian billionaire Yasseen Mansour’s Palm Hills inks $18.2 million deal in UAE
Palm Hills, led by billionaire Yasseen Mansour, secures $18.2 million lease and UAE trademark deal, boosting its Gulf expansion strategy.
Edita, led by Egyptian tycoon Hani Berzi, plans $84 million expansion
Edita Food Industries, led by Hani Berzi, plans $84 million expansion to boost production in Egypt, Iraq, and Morocco.
Egyptian Ghabbour family takes $30 million hit on GB Corp stock
Egypt’s Ghabbour family sees $30 million wiped off the value of its GB Corp stake after a sharp share price drop on the Egyptian Exchange.
Moroccan billionaire Anas Sefrioui loses $135 million as Addoha slides
Moroccan billionaire Anas Sefrioui loses $134.9 million as Addoha shares slide, cutting the value of his majority stake below $1.03 billion.
Moroccan businesswoman Lamia Tazi’s Sothema targets CIALIS assets from Eli Lilly
Moroccan businesswoman Lamia Tazi’s Sothema aims to acquire CIALIS assets from Eli Lilly to expand specialized therapies in Africa.
Egyptian tycoon Ashraf Sabry’s Fawry unveils holding company to consolidate investments
Fawry launches a holding company to consolidate investments and boost its fintech expansion under Ashraf Sabry.
Egyptian billionaire Hisham Talaat Moustafa plans $5 billion Oman projects
Hisham Talaat Moustafa’s TMG launches $5 billion Oman projects with 15,000 residential units, hotels, and coastal amenities.
Egyptian billionaire El-Sewedy family’s electric group signs deal to boost Qatar power solutions
Elsewedy Electric teams with Raneen Energy to strengthen Qatar’s power systems and advance local production.
Egyptian businessman Safwan Thabet’s Juhayna stake drops $71 million
Safwan Thabet’s stake in Juhayna fell by $71 million as shares slid on the Egyptian Exchange, trimming the food maker’s market cap this November.
Egyptian businessman Hani Berzi gains $8.3 million from Edita Foods shares
Hani Berzi’s Edita stake rises $8.35 million as the snack producer’s market cap tops $670 million amid strong investor demand.
Egyptian billionaire Hassan Allam takes board seat at the American University in Cairo
Egyptian billionaire Hassan Allam joins AUC’s Board of Trustees, strengthening the university’s leadership.
Standard Bank, led by South African banker Sim Tshabalala, opens Egypt office
Standard Bank expands into Egypt, strengthening African trade links and supporting regional investment.