Madinet Masr, led by Egyptian tycoon Abdallah Sallam, targets $422 million sales from Park Tree Elm
Madinet Masr, led by Abdallah Sallam, unveils Park Tree Elm targeting $422 million sales and boosting Egypt’s housing market.
North Africa
Sawiris family’s Orascom opens Four Seasons Telluride resort in U.S.
Located on a 4.5-acre parcel in the mountain community of Telluride, the new resort covers about 532,000 square feet.
Egyptian billionaire Ahmed Ezz gains $22 million as Ezz Steel shares surge
Ahmed Ezz adds $22.46 million to his fortune as Ezz Steel shares rise on the EGX, lifting his holdings above $1 billion and reaffirming his influence.
Egyptian Ghabbour family’s stake in GB Corp rebounds above $350 million
The Ghabbour family’s GB Corp stake rebounds above $350 million as shares rally 17% on the Egyptian Exchange, restoring investor confidence in Egypt’s leading automaker.
Egyptian tycoon Hani Berzi's Edita Food plans $6.7 million acquisition
Hani Berzi’s Edita Food acquires $6.7 million in machinery to raise capacity and strengthen its regional snack food expansion.
Egyptian billionaire Ahmed El-Sewedy gains $54 million from Elsewedy Electric stake
Egyptian billionaire Ahmed El-Sewedy’s stake in Elsewedy Electric rises by $51 million as the company’s shares climb 6.22% on the Egyptian Exchange over 23 days.
Egyptian tycoon Hassan Allam’s group wins $550 million New Cairo project
Hassan Allam Construction wins $550 million New Cairo project, boosting Egypt’s sustainable urban growth and luxury real estate.
Egyptian billionaire Mohamed Mansour’s group to build sports facility in Ghana
Mansour Group, chaired by Egyptian billionaire Mohamed Mansour, will build a new Right to Dream Academy near Accra
Egyptian billionaire Samih Sawiris confirms transfer of Orascom Development shares to his son
Samih Sawiris confirms he transferred all Orascom Development shares to his son Naguib, marking a generational shift in the Egyptian billionaire’s empire.
Moroccan royal family’s Attijariwafa Bank stake falls below $8 billion
The market value of Morocco’s royal family’s stake in Attijariwafa Bank has fallen below $8 billion after a recent slide in the lender’s share price.
Egyptian billionaire Naguib Sawiris backs new mining reforms in Egypt
Egyptian billionaire Naguib Sawiris supports new mining reforms, boosting investor confidence and gold exploration across Egypt.
Moroccan billionaire Alami Lazraq gains $36 million from ADI shares
Alami Lazraq gains $36 million in 8 days as shares of Alliances Développement Immobilier (ADI) surge on the Casablanca Bourse.
Morocco’s richest man Othman Benjelloun sells Quebec estate for $10.4 million
Morocco’s richest man Othman Benjelloun sold his 500-hectare Quebec estate for $10.4 million, marking a profitable exit after 15 years.
Tagaddod, led by Egyptian entrepreneur Nour El-Assal, raises $26 million for regional expansion
Tagaddod raises $26.3 million led by the Arab Energy Fund to scale its renewable feedstock operations across the Middle East and Europe.
Egyptian billionaire Yasseen Mansour's Palm Hills posts $3.8 billion sales in 9 months
Palm Hills Developments, led by Yasseen Mansour, saw sales jump 40% to $3.8 billion in nine months, marking another record for the Cairo developer.
Naguib Sawiris becomes Egypt’s first billionaire worth $10 billion
Egyptian billionaire Naguib Sawiris has become the country’s first to surpass $10 billion in net worth, driven by a surge in gold prices boosting his mining assets.