Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric lifts sales 37% as margins narrow
Elsewedy Electric, run by Egyptian billionaire Ahmed El-Sewedy, grew quarterly sales 37% while net income rose 12% and the stock fell 2%.
North Africa
Egypt's wealthy Khamis family nearly doubles Oriental Weavers profit on export subsidy windfall
Oriental Weavers, controlled by Egypt's Khamis family, nearly doubled quarterly profit as US and European buyers offset weak demand at home.
Egypt's billionaire El-Sewedy family will supply the transformers for a giant New Zealand AI hub
Elsewedy Electric, controlled by Egypt's billionaire El-Sewedy family, will build the transformers for a planned New Zealand AI data centre.
Egyptian billionaire Hisham Talaat Moustafa ranks 30th on Forbes Middle East's CEO list
Hisham Talaat Moustafa is the highest-placed Egyptian on Forbes Middle East's Top 100 CEOs list, after TMG booked $8 billion in sales.
Mounir Nakhla plans to list only MNT-Halan's Egyptian arm and keep the rest private
MNT-Halan's planned Cairo listing covers only its Egyptian arm, valued at up to $1 billion, with its Turkish, Pakistani and Gulf operations staying private.
Moroccan tycoon Chakib Alj has taken control of Forafric Maroc's flour and pasta brands
Chakib Alj's Cap Holding has completed its takeover of Forafric Maroc, adding the Tria and Maymouna brands to Morocco's largest milling group.
Moroccan King Mohammed VI names $1 billion Western Sahara highway after Donald Trump
King Mohammed VI has confirmed Morocco's 1,055km Tiznit-Dakhla expressway, built at close to $1 billion, will be called the Donald J. Trump Highway.
Algeria's wealthy Benhamadi family is now shipping air conditioners to Europe, with 250,000 units ordered
Condor, owned by Algeria's Benhamadi family, has sent its first air conditioners to Europe and holds export orders for more than 250,000 units.
Egypt's richest man Nassef Sawiris lifts OCI stake to 57% in $14 million purchase
Nassef Sawiris has bought 3 million more OCI shares for about €12.2 million, lifting his combined holding to 57.1% of the Dutch-listed company.
Egyptian billionaire Hisham Talaat Moustafa wins final approval for $27 billion Cairo city
Egypt's cabinet has approved the country's first private investment zone with its own customs system for Hisham Talaat Moustafa's LE1.4 trillion Spine project.
Egyptian tycoon Hend El Sherbini takes majority control of IDH despite board rejection
Hend El Sherbini's offer for Integrated Diagnostics has gone unconditional at 56.6%, days after independent directors told shareholders the price undervalued the company.
Turkish billionaire Fuat Tosyalı's Algerian cold rolling mill produces its first steel
Fuat Tosyalı's Algerian subsidiary has rolled its first cold-rolled steel at Béthioua, completing the largest Turkish industrial investment outside Turkey.
Tunisian tycoon Rached Horchani's conglomerate spans tuna fleets, Sahara hotels and banks
Rached Horchani's group runs tuna fleets, date farms, olive oil mills, three Sahara hotels, quarries and stakes across Tunisia's banks.
Egyptian healthcare tycoon Hend El Sherbini's $291 million take-private draws zero acceptances
IDH chief executive Hend El Sherbini's $291 million bid to take the Egyptian diagnostics group private had drawn no acceptances by July 22.
Morocco's prime minister is worth $1.6 billion and sells a third of its fuel
Aziz Akhannouch is worth $1.6 billion, sells Morocco a third of its fuel, and runs the government that awards his companies contracts.
Egypt's billionaire El Sewedy family deepens education push with eight new German-model tech schools
Egypt's billionaire El Sewedy family is partnering with the government to launch eight Egyptian-German technical schools built on a German training model.