Moroccan businessman Alami Lazraq loses $33 million as ADI shares fall
Alami Lazraq’s stake in ADI drops $33 million as shares slide, reversing a sharp rally in Morocco’s real estate market.
North Africa
Egyptian entrepreneur Walid El-Saadany steps in as Elmenus CEO, succeeding founder Amir Allam
Walid El-Saadany takes over as CEO of Elmenus to expand across Egypt, boost local talent, and roll out smarter food delivery tools.
Orascom, controlled by Egypt’s richest family, gets board approval for ADX listing
The move, pending shareholder and regulatory approval, signals a shift by one of the Middle East’s top construction firms toward the UAE’s growing capital markets.
Hassan Allam's construction group seals deal to power Egypt’s green farming future
Hassan Allam and Schneider Electric launch solar-powered smart farming project to boost food security and green energy in Egypt’s Nile Delta region.
Meet Catherine MacGregor: Moroccan-born businesswoman leading a $55 billion energy giant
Moroccan-born Catherine MacGregor steers Engie’s global renewables pivot, championing sustainability, innovation, and gender equity in energy.
Moroccan businesswoman Lamia Tazi leads Sothema’s purchase of Soludia Maghreb
Lamia Tazi’s Sothema will buy 99.99% of the dialysis solutions provider to boost local production.
UK court dismisses murder suit against Egyptian billionaire Hisham Talaat Moustafa
UK court clears Egyptian billionaire Hisham Talaat Moustafa in civil suit linked to Suzanne Tamim’s 2008 killing.
Egypt’s Khamis family gains nearly $17 million from Oriental Weavers stake
Khamis family stake in Oriental Weavers jumps $16.75 million as shares rally on AI showroom and digital expansion plans.
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.
Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1 billion
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
Central bank cracks down on son of Algeria’s richest man
Omar Rebrab barred from business roles as Algeria’s central bank enforces freeze amid misconduct probe.
Algerian-born French beauty mogul Sue Nabi’s Coty stake swells by $13 million
Coty CEO Sue Nabi’s stake rose to nearly $160 million after a nearly 9% stock increase, signaling growing investor confidence in the beauty giant’s direction.
Egyptian billionaire Samih Sawiris’ Mamula Island enters new era with Banyan Group
Egyptian billionaire Samih Sawiris’ Mamula Island hotel begins a Banyan Tree rebrand after a seven-year restoration of the historic fortress.
Egyptian billionaire Hisham Talaat Moustafa’s TMG shares top $1 billion again
Hisham Talaat Moustafa's stake in TMG rebounds above $1 billion after a 10% share rally, adding $95 million in 22 days.
Egyptian billionaire brothers, Ahmed and Sadek, gain $80 million from Elsewedy Electric stake
El-Sewedy brothers’ stake in Elsewedy Electric jumps over $80 million in under three weeks as investors rally behind Egypt’s industrial growth.
Egypt's Naguib Sawiris to invest $100 million in electric motorbike project in Morocco
Naguib Sawiris backs $100 million plan to electrify Morocco’s motorbike transport through affordable battery leasing with BluEV.