35-year-old son of Egyptian billionaire Mohamed Al Fayed plans to launch UAE space business
He is set for an entry into the region through his Swiss-based firm, Earth Space Technical Ecosystem Enterprises.
North Africa
Egyptian magnate Abdallah Sallam’s MNHD partners with DMC in $19-million deal
Sallam’s five-percent stake in MNHD is now valued at $13.85 million.
Moroccan real estate billionaire Alami Lazraq loses $8.3 million in 16 days from stake in ADI
ADI is an active member of the Alliances Group.
Egyptian billionaire Naguib Sawiris’ Orascom approves $79-million loan by North Korea-based unit
Orascom Investment Holding maintains investments in the telecom, media, and technology sectors.
Egyptian mogul Safwan Thabet’s Juhayna partners with KarmSolar to build solar power plant
Safwan Thabet owns a majority 50.07-percent stake in Juhayna Food Industries.
Moroccan tycoon Lamia Tazi gains nearly $4.2 million in 155 days
Tazi is the chairperson and CEO of Sothema.
Led by Egypt’s richest family, Orascom adds $670 million in new projects in Q3 2022
Through OS Private Trust Company, the billionaire Sawiris family owns 51.8 percent of the Egypt-based contractor.
Egyptian entrepreneur Ahmed Sabbah’s Telda secures $20 million from investors
Sabbah ranks among Africa’s top tech founders.
London-based Egyptian tycoon Mohamed Al Fayed’s net worth slumps by $200 million
Al Fayed amassed the majority of his fortune from the sale of his shares in Harrod’s.
Egyptian businesswoman Hend El-Sherbini’s IDH to roll out three new scan centers in 2023
El-Sherbini explained that the ramp-up strategy will create added value for IDH.
Moroccan tycoon Hassane Amor has now lost $25.7 million from stake in Microdata
As the company’s founder and chairman, he owns 56.17 percent of the Casablanca-based IT services business.
Egyptian businessman Abdallah Sallam’s stake in MNHD stake slumps by nearly $4.5 million in 45 days
Sallam owns five percent of MNHD.
Tunisian businessman Habib Essayeh loses $4.4 million in 47 days from stake in Euro-Cycles
Essayeh owns a sizeable 33.6-percent stake in the Tunis-based firm.
Egyptian mogul Safwan Thabet loses $39 million in 139 days from stake in Juhayna
Thabet owns 50.07 percent of the Egyptian-based consumer goods producer.
Egyptian billionaire Naguib Sawiris’ Orascom plans to establish four new hotels in Egypt
Orascom Investment Holding reported a consolidated profit of $4.83 million in the first half of 2022.
Egyptian businessman Medhat Khalil’s Raya Contact Center looks set to launch Dubai unit
Raya Contact Center is one of the many subsidiaries of Raya Holding.