Moroccan tycoon Mohamed Adil Rtabi’s Jet Energy targets $38 million IPO
Moroccan tycoon Mohamed Adil Rtabi is preparing to take Jet Energy public, with the solar business seeking up to $38.2 million to finance expansion across Africa.
North Africa
Moroccan billionaire Moulay Hafid Elalamy's Saham Bank launches family office for the super-rich
Moulay Hafid Elalamy's Saham Bank has launched a private banking and family office unit to help Morocco's richest families manage and pass on their wealth.
Egyptian construction tycoon Hassan Allam's company wins $200 million Saudi AI contract
The Allam family's construction group will build the first phase of a Riyadh AI data centre, as Saudi Arabia's Humain tenders a larger project.
Moroccan tycoon Lamia Tazi's Sothema wins approval for three cannabis epilepsy drugs
Sothema, the Moroccan drugmaker led by Lamia Tazi and controlled by its founding families, has won approval for three cannabis-based epilepsy medicines.
Egyptian billionaire Naguib Sawiris bids for five more gold blocks in Egypt
Billionaire Naguib Sawiris has bid for five more gold exploration blocks in Egypt's Eastern Desert as his Wa'al project defines an inferred 1 million ounces ahead of an October scoping study.
King Mohammed VI's Morocco hits $4.4 billion in trade with India as the two nations eye $2.6 billion in untapped exports
Morocco's bilateral trade with India has grown from $2.9 billion in 2021 to $4.4 billion in 2026, growing at 12.4% annually as King Mohammed VI's economic modernization drive deepens ties with Asia's third-largest economy.
Egyptian billionaire Yasseen Mansour's Palm Hills borrows $160 million to finish Cairo mega project
Two Egyptian state banks lent Palm Hills EGP 8 billion to finish its New Cairo project, days after the developer's profit fell 7%.
Naguib Sawiris hits a record $12.2 billion net worth as gold surge adds $1.4 billion to his fortune in a month
Egyptian billionaire Naguib Sawiris has hit a record net worth of $12.2 billion, adding $1.4 billion in a single month as surging gold prices lift the value of his La Mancha mining portfolio to new highs.
Money-laundering case over jailed Algerian tycoon Mahieddine Tahkout's funds delayed to August 31
An Algerian court has postponed to August 31 a money-laundering case centered on funds belonging to jailed tycoon Mahieddine Tahkout, with four private investors accused.
Mohamed Al-Fayed trafficking victims say Met Police failed to offer them legal protection they were owed
Four women allegedly trafficked by billionaire Mohamed Al-Fayed say Metropolitan Police officers broke the law by failing to refer them to the UK's National Referral Mechanism for trafficking victims.
Moroccan tycoon Moncef Belkhayat lines up a string of Casablanca listings for his Dislog empire
Moroccan tycoon Moncef Belkhayat is preparing to float his FMCG group Dislog and several other companies on the Casablanca Stock Exchange from 2026.
Egypt's Talaat Moustafa Group signs MOU with Saudi Arabia's $925 billion sovereign wealth fund
Egypt's Talaat Moustafa Group has signed a landmark MoU with Saudi Arabia's $925 billion PIF to develop mixed-use real estate projects across the Kingdom.