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.
North Africa
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.
Hisham Talaat Moustafa leads TMG to record $4.3 billion sales in H1 2025
TMG posts $4.3 billion in H1 2025 sales, driven by high demand for Egypt’s coastal projects and expansion into Oman, Iraq.
Dalia Khorshid-led Beltone unveils AI unit to target MENA growth
Robin’s offerings include real-time market monitoring tools, intelligent dashboards, predictive analytics, and automated strategic reporting.
Egyptian tycoon Yasmine Khamis turns to AI to power Africa’s next retail boom
Oriental Weavers opens Cairo’s first AI-powered carpet showroom, blending tech with tradition under CEO Yasmine Khamis’ leadership.
Alami Lazraq’s stake in Moroccan real estate firm tops $600 million
Alami Lazraq’s ADI stake hits $618 million after stock rally adds $46.4 million to his wealth in just two weeks.
London civil suit targets Egyptian billionaire in old murder case
Hisham Talaat Moustafa battles a London civil suit linked to a 2008 murder while driving record real estate sales across the Gulf.
Orascom, controlled by Egypt’s richest family, faces $28 million arbitration award
Orascom Construction faces a $28.7 million arbitration award in Qatar over the Sidra project, even as it celebrates wind energy progress in Egypt.
Egyptian billionaire Nassef Sawiris’ OCI finalizes $1.6 billion methanol business sale
OCI sells $1.6 billion methanol unit to Methanex, secures cash, cuts debt, and plans $1 billion shareholder payout by 2026.
Egypt’s Mohammed El-Sewedy sees electric stake rise toward $600 million
Egyptian tycoon gains $31.6 million in eight days as Elsewedy Electric stock surges on EGX.
Dalia Khorshid leads Beltone in securing $20 million in green funding
Beltone secures $20 million from SANAD and GGF to fund MSMEs and green projects, deepening its sustainability push under Dalia Khorshid’s leadership.
Egyptian businesswoman Hend El-Sherbini expands IDH with $8 million CAIRO RAY acquisition
IDH moves deeper into radiology with $8 million CAIRO RAY deal.