Investment firm backed by Egypt's billionaire Sawiris family in talks to acquire Bugatti stake
Sawiris-backed HOF Capital and BlueFive are in talks to buy Porsche’s Bugatti Rimac stake, with a deal valued around $1.2 billion.
North Africa
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan targets $5 billion financing book
Mounir Nakhla’s MNT-Halan aims to grow its financing portfolio to $4.5–5 billion by 2026, expanding consumer and SME lending across Egypt and MENA.
Egyptian tycoon Abdallah Sallam's Madinet Masr signs $30 million deal for Sarai project
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, has signed a $30.4 million construction deal to build 95 villas at its Sarai project in East Cairo by 2027.
ERC linked to Egyptian businessman Ahmed Heikal cuts $417 million debt, moves closer to dividends
ERC, part of Ahmed Heikal’s Qalaa Holdings, repays $417 million, reducing debt and moving closer to its first dividend payout.
Egyptian businessman Hani Berzi gains $27 million from Edita Foods shares
Hani Berzi’s wealth rises by $27 million as Edita Food Industries shares rally, lifting his controlling stake on Egypt’s stock exchange.
Elsewedy family firm backs Nawah Scientific’s growth in $23 million funding round
Elsewedy Electric backs Nawah Scientific in a $23 million funding round to support regional lab expansion and research services.
Brandt collapses in France, costing 700 jobs as Algeria’s richest man Issad Rebrab takes a hit
A French court ordered Brandt into liquidation, ending Cevital’s European bet and costing about 700 jobs despite a worker-led rescue plan.
Egyptian billionaire Naguib Sawiris wants to run 3 airports as government opens operations to private bids
Naguib Sawiris says he wants to run Hurghada, Luxor and Sohag airports as Egypt courts private operators to upgrade tourism gateways.
Fitch affirms Eqdom rating as Elalamy family’s Saham tightens control of Morocco’s consumer lender
Fitch affirmed Morocco’s Eqdom at AA-(mar) with a stable outlook, citing expected support from Saham Bank and improving loan recoveries.
Moroccan real estate tycoon Alami Lazraq’s stake in ADI dips below $700 million
Alami Lazraq’s stake in ADI falls below $700 million as shares slide, highlighting pressure on Morocco’s property market.
Egyptian billionaire Hisham Talaat Moustafa unveils hospitality hub in Cairo
The new destination, branded “The Village,” officially opens this week and is designed to serve the rising number of residents moving into Celia.
Egyptian billionaire commits to highest standards in $5 billion Oman projects
Hisham Talaat Moustafa says Talaat Moustafa Group will apply its Egyptian standards to more than $5 billion real estate developments in Oman.
Egyptian billionaire Ahmed Ezz gains $201 million from Ezz Steel stake
Egyptian billionaire Ahmed Ezz’s Ezz Steel stake rises $201 million in 2025, boosting his holding to $1.07 billion amid strong steel demand.
Egyptian billionaire Naguib Sawiris aims to manage three airports
Egyptian billionaire Naguib Sawiris plans to bid for managing up to three airports as Egypt opens the sector to private operators.
Egyptian tycoon Hassan Allam's firm wins $250 million Afreximbank headquarters contract
Hassan Allam Construction secures a $250 million deal to build Afreximbank’s new global headquarters in Egypt’s capital.
Egyptian billionaire El-Sewedy family’s group plans $500 million investment in Saudi Arabia, Qatar
Egypt’s El-Sewedy Electric plans $500 million investment in Saudi Arabia and Qatar to expand factories and power infrastructure.