Egyptian billionaire Samih Sawiris’ ODE posts $237.9 million revenue in H1 2025
Orascom Development Egypt’s H1 2025 revenue rose 12.9% to $237.9 million, fueled by strong real estate, hospitality, and commercial asset performance.
North Africa
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rises above $1 billion
Hisham Talaat Moustafa’s TMG shares hit $1.04 billion in value as the company’s stock climbs 8.72%, pushing market cap above $2.4 billion.
Egyptian businessman Hani Berzi gains $31 million from Edita Foods shares
A strong rebound in Edita’s stock boosts Berzi’s wealth and underscores renewed investor confidence in Egypt’s snack food sector.
Egyptian billionaire Nassef Sawiris’ OCI to reward shareholders with $700 million payout
OCI, led by billionaire Nassef Sawiris, approves $700 million shareholder payout via capital repayment or dividend, backed by strong financial reserves.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, to develop $1.8 billion project in Cairo
The ambitious project, spanning over 2 million square meters, underscores Egypt’s growing momentum in large-scale real estate development amid rising urban demand.
Egyptian businessman Medhat Khalil’s Raya secures $20.6 million credit facility
Raya Holding’s tech arm secures $20.8 million facility from MIDBANK to fuel digital expansion, support Egypt’s transformation, and scale national tech projects.
Egypt’s second-richest man, Naguib Sawiris, is $2 billion richer this year
Naguib Sawiris adds $2 billion to his net worth, nears $9 billion with new investments in clean energy and mega real estate projects.
Elsewedy Electric, led by Egypt's billionaire El-Sewedy family, posts $2.68 billion in first-half revenue
Elsewedy Electric posts $2.68 billion half-year revenue, up 20.6% y-o-y, driven by strong performance across wires, cables, and construction segments.
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.
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.