Harrods sets aside $83 million for victims of Egyptian billionaire Mohamed Al-Fayed
Harrods sets aside $83.9 million for victims of late Egyptian billionaire Mohamed Al-Fayed’s alleged abuse.
North Africa
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake tops $1 billion after rebound
Hisham Talaat Moustafa’s fortune has rebounded past $1 billion as TMGshares surge, signaling renewed investor confidence in Egypt’s real estate market.
Algeria’s richest man Issad Rebrab faces test as France puts home-appliance maker Brandt in receivership
A French court put Cevital’s Brandt into receivership, testing Issad Rebrab’s cross-border bet and putting 750 French jobs under court protection.
Algerian-born French beauty mogul Sue Nabi loses $38 million from Coty stake
Coty shares fall 23%, cutting Sue Nabi’s stake by $38 million as the beauty company faces weaker sales and investor caution.
Morocco’s King Mohammed VI launches $33 million mental health project
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.
Moroccan billionaire Anas Sefrioui loses nearly $200 million in Addoha stake
Anas Sefrioui’s stake in Groupe Addoha drops $199 million after shares fall 16 percent amid Morocco property concerns.
Egyptian businessman Hani Berzi gains $25 million as Edita stock surges
Hani Berzi’s stake in Edita Food Industries rises above $120 million after stock surges on the EGX.
Loay Jassim Al-Kharafi’s Wafa Insurance moves to fully acquire Delta Insurance in Egypt
Under Al-Kharafi’s watch, EKH is backing Wafa’s bold push to absorb Delta Insurance and reshape Egypt’s insurance landscape.
Egyptian tycoon Abdallah Sallam leads Madinet Masr's expansion plan with $5 million investment
The company’s board approved the capital injection to support the launch of real estate development projects outside Egypt.
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247 million first-half profit
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247.5 million profit in H1 2025 with growth across markets.
Egypt’s Sadek El-Sewedy sees $18.6 million gain on Elsewedy Electric stock
Egyptian billionaire Sadek El-Sewedy sees $18.6 million rise in Elsewedy Electric shares as the company’s market cap exceeds $3.3 billion.
Mounir Nakhla’s MNT-Halan rolls out Egypt’s first digital secured loan
Mounir Nakhla’s MNT-Halan unveils Egypt’s first digital secured loan, offering fast, collateral-backed credit.
Egypt’s Khamis family loses $15 million as Oriental Weavers stock declines
Oriental Weavers shares fall 18% in 2025, cutting $15 million from the Khamis family’s $170 million stake.
Egyptian tycoon Safwan Thabet gains $40 million as Juhayna shares rebound
Safwan Thabet’s Juhayna stake rises $40 million as shares rebound, boosting the Egyptian consumer goods leader’s market value.
Moroccan physician Rochdi Talib’s Akdital opens $24 million clinic in Khouribga
Akdital opens $24 million clinic in Khouribga, adding 100 beds and the city’s first oncology, cardiology and intensive care units.
Egyptian billionaire Nassef Sawiris plans $50 billion U.S. infrastructure investment
Nassef Sawiris plans $50 billion U.S. infrastructure bet as Orascom shifts focus from Europe to Gulf and America.