OCI, owned by Egypt’s richest man Nassef Sawiris, to sell methanol business for $2.05 billion
The $2.05-billion deal includes U.S. and European assets and a stake in Natgasoline LLC.
North Africa
Egyptian fintech founder Islam Shawky’s Paymob raises $22 million
The latest funding follows a $50-million Series-B round in 2022 led by PayPal Ventures, Kora Capital and Clay Point.
Egyptian mogul Abdallah Sallam's Madinet Masr unveils new luxury project in Mostakbal City
Madinet Masr, led by Abdallah Sallam, launches luxury project in Mostakbal City.
Egyptian tycoon Hani Berzi’s Edita Foods stake declines by $9.3 million
Hani Berzi’s fortune dips by over $9 million as Edita Foods shares slide.
Real estate investment could elevate Anas Sefrioui back to Moroccan billionaire ranks
Moroccan businessman Anas Sefrioui sees $143-million gain on ADH stake
Naguib Sawiris lists Almaza Bay estate for $12.5 million
Egypt’s second-richest man Naguib Sawiris to sell coastal property amid investment expansion.
Khamis family faces nearly $10-million loss from Oriental Weavers stake
The Khamis family's shares in Oriental Weavers have dropped nearly $10 million due to recent selling pressures on the EGX.
Sue Nabi’s stake in U.S. beauty giant falls below $300 million
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in the beauty giant plummets below $300 million.
Azza Elsewedy becomes top female investor on EGX with $80-million stake in Elsewedy Electric
Elsewedy claims the top spot on the Egyptian Exchange with stake in multinational cable and electrical equipment manufacturer, Elsewedy Electric.
Yasseen Mansour’s Palm Hills reports $225-million revenue in H1 2024
Palm Hills Developments reports robust H1 2024 performance, surpasses revenue expectations.
Nassef Sawiris approaches $10-billion net worth: Key companies driving his wealth
Egyptian billionaire Nassef Sawiris' net worth nears $10 billion, up $1.26 billion this year, thanks to strong performance in OCI and Adidas stocks.
Egyptian billionaire Samih Sawiris’ firm makes strategic $6.8-million property sale
Orascom Development Egypt sells commercial property in O West to Seoudi Supermarket for EGP332 million ($6.8 million).
Egyptian businesswoman Hend El-Sherbini’s IDH posts $51.4-million revenue in H1 2024
IDH's core markets of Egypt and Jordan demonstrated strong performance, highlighting resilience despite regional challenges.
