OCI board recommends billionaire Nassef Sawiris' EUR 4.10 takeover offer
OCI Global's board has formally recommended Nassef Sawiris' EUR 4.10 all-cash takeover offer and agreed to hold a shareholder vote on the proposed Orascom Construction merger.
North Africa
Billionaire Ahmed El Sewedy's Elsewedy Electric launches a new generator range to power Egypt's industrial expansion
Ahmed El Sewedy's Elsewedy Electric has launched a new generator range spanning 9 to 2,750 kVA, expanding its power generation portfolio for Egypt's industrial and infrastructure sectors.
Egyptian billionaire Naguib Sawiris raises Giza pyramid investment to $40.6 million
Naguib Sawiris' Orascom Pyramids is raising its Giza plateau investment to $40.6 million by 2027, deepening the Egyptian billionaire's decade-long bet on Egypt's tourism transformation.
Egypt's Farida Khamis bet the family carpet fortune on a $680 million petrochemical plant
While her sister runs the world's largest carpet maker, Farida Khamis built Egypt's only integrated polypropylene producer and chairs a $680 million industrial bet.
Egyptian billionaire Naguib Sawiris met Syria's president in Damascus to resolve investments he lost under the Assad regime
Egyptian billionaire Naguib Sawiris has met Syria's new president in Damascus as he seeks to resolve outstanding financial claims in the country.
Egyptian fintech unicorn MNT-Halan could be Egypt's next major IPO
Egyptian fintech unicorn MNT-Halan is said to be worth up to $1 billion and is exploring a public listing that could make founder Mounir Nakhla one of Egypt's newest billionaires.
Egyptian billionaire Nassef Sawiris makes unsolicited bid to take chemical giant OCI Global private at EUR 4.10 per share
Egyptian billionaire Nassef Sawiris has launched an unsolicited all-cash offer of EUR 4.10 per share to take nitrogen producer OCI Global private and end a prolonged corporate impasse.
Algerian billionaire Abderrahmane Benhamadi's Condor just signed deals to sell electronics in Rwanda and Tanzania
Abderrahmane Benhamadi's Condor Electronics has signed export agreements to supply Algerian-made electronics and home appliances to Rwanda and Tanzania under the AfCFTA framework.
Egyptian billionaire Ahmed El-Sewedy just committed $200 million to three new industrial projects
Ahmed El Sewedy's Elsewedy Electric has launched three strategic industrial projects worth $200 million targeting Egypt's circular economy ambitions and expanding its industrial export base.
IDH chief executive Hend El- Sherbini launches $291 million bid to take Egypt's diagnostics giant private
IDH chief executive Hend El Sherbini and co-investor Moamena Kamel have launched a $291 million bid to take the diagnostics group private and delist it from London.
Egyptian billionaire Ahmed El Sewedy backs $500 million deal to manufacture Abu Dhabi-based ROX electric vehicles in Egypt
Ahmed El Sewedy's ESI has partnered with Abu Dhabi-headquartered EV company ROX in a $500 million joint venture to manufacture electric vehicles in Egypt for African markets.
Othman Benjelloun leads five Moroccan groups onto Forbes' top 100 Arab family businesses list
Othman Benjelloun's O Capital Group ranked 21st on Forbes Middle East's 2026 Arab family business list as Morocco set a new record with five entries.
Egypt's Hassan Allam wins $727 million Waldorf Astoria Diriyah deal
Egypt's Hassan Allam Holding has won a $727 million contract to build the Waldorf Astoria Hotel and mixed-use superblock at Saudi Arabia's Diriyah giga-project.
Kylian Mbappe earns $100 million a year and is building the empire that survives after football
Kylian Mbappe earns $100 million a year, is chasing the all-time World Cup scoring record and is quietly building a $250 million empire designed to survive long after football ends.
Egyptian billionaire Naguib Sawiris joins the $2 million pre-seed round of UAE fintech Sovra as an early backer
Egyptian billionaire Naguib Sawiris has joined a $2 million pre-seed round in UAE fintech Sovra, a self-custodial global dollar account platform.
Morocco's billionaire prime minister is fighting bills to cap fuel prices in his own industry
Morocco's billionaire Prime Minister Aziz Akhannouch is opposing opposition bills to cap fuel prices and nationalise the Samir refinery in a market he controls through Afriquia.