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.
North Africa
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.
Egyptian billionaire Hisham Talaat Moustafa gains $90 million as TMG shares rise
Egyptian billionaire Hisham Talaat Moustafa sees wealth rise by $90 million as TMG shares rally, lifting market value above $3 billion.
Palm Hills, Marriott plan St. Regis near Grand Egyptian Museum in West Cairo
Palm Hills and Marriott plan a St. Regis near the Grand Egyptian Museum, adding new hotel rooms and branded residences to West Cairo.
Algeria’s richest man Issad Rebrab hit as Brandt folds, 700 jobs lost
Algeria’s richest man Issad Rebrab faces setback as Brandt folds, 700 jobs lost and foreign investment challenges grow.
Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Egyptian billionaire Yasseen Mansour’s Palm Hills inks $18.2 million deal in UAE
Palm Hills, led by billionaire Yasseen Mansour, secures $18.2 million lease and UAE trademark deal, boosting its Gulf expansion strategy.
Edita, led by Egyptian tycoon Hani Berzi, plans $84 million expansion
Edita Food Industries, led by Hani Berzi, plans $84 million expansion to boost production in Egypt, Iraq, and Morocco.
Egyptian Ghabbour family takes $30 million hit on GB Corp stock
Egypt’s Ghabbour family sees $30 million wiped off the value of its GB Corp stake after a sharp share price drop on the Egyptian Exchange.