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OCI shareholders have approved its combination with Orascom Construction, advancing Egyptian billionaire Nassef Sawiris’s plan to create a broader infrastructure and investment platform.
Elsewedy Electric, the industrial group run by Egyptian tycoon Ahmed Elsewedy, has launched an elevator brand and wants 1 billion pounds in sales in 2027.
TV pundit Jamie Carragher apologized to Aston Villa, its owners and fans less than 24 hours after Egyptian billionaire Nassef Sawiris threatened legal action.
Private equity firm RMBV is taking 50% of ATCO Pharma, the Egyptian drugmaker run by Ahmed Abu Al-Naga, in a $50 million deal.
Egyptian billionaire Hassan Allam’s group has awarded its construction arm an additional $500 million in works for Phase II of Grova EastHills, taking the project’s combined construction contracts above $1 billion.
Egyptian billionaire Naguib Sawiris is passing over global hotel chains and launching his own ultra-luxury brand, starting with a €100 million resort on Mykonos.
Hisham Talaat Moustafa's TMG will develop four mixed-use projects worth EGP 11 trillion with the Egyptian state, sending its shares up about 7% in Cairo.
Shares of MNT-Halan, the fintech group founded and run by Mounir Nakhla, closed 6.6% above the IPO price on their first day of trading.
A Tax Justice Network review says Bloomberg wrongly counted Egyptian billionaires Nassef Sawiris and Mohamed Mansour in its $160 billion UK exodus.
Moroccan billionaire Othman Benjelloun’s Bank of Africa will issue over 5.1 million free shares as it moves MAD51.2 million of reserves into capital.
Kamel Abou Aly's Pickalbatros Hotels & Resorts has raised $250 million from IFC and Attijariwafa Bank to buy and upgrade hotels in Morocco.
Aziz Akhannouch, whose family controls Morocco's biggest fuel distributor, handed over to Fatima Ezzahra El Mansouri and said he leaves with a clear conscience.
Saham founder Moulay Hafid Elalamy gave Moroccan and African business owners 10 rules, from staying tax-compliant to knowing when to sell a company.
Egyptian billionaire Samih Sawiris says the Sawiris family is handing the El Gouna Film Festival to its next generation, starting with his daughter Talia.
Hend El Sherbini's family vehicle bought 15.6 million shares of Integrated Diagnostics Holdings for $7.8 million, two months after her takeover offer closed.
Groupe Addoha, the Moroccan homebuilder controlled by billionaire Anas Sefrioui, grew first-half profit 20% and holds MAD 12.9 billion in presold homes.