Turkish billionaire Fuat Tosyali rolls out $2.5 billion Algeria steel push
Turkish magnate Fuat Tosyali has launched a $2.5 billion program to double Algeria output and push Tosyali Holding into the world's top 20 steelmakers.
Northern Africa
Egyptian billionaire Naguib Sawiris is betting billions on UAE property in spite of the Iran war
Egyptian billionaire Naguib Sawiris has expanded his Ghantoot Bayn development to $8.17 billion and called the Iran war a temporary pause in the UAE property market's upward trajectory.
Italy gives billionaire Naguib Sawiris its Grand Officer of the Order of the Star of Italy for building one of the largest Egyptian investments in the country
Italy honored Egyptian billionaire Naguib Sawiris with the Grand Officer of the Order of the Star of Italy on April 9, 2026, recognizing his telecom investments and decades of work strengthening bilateral ties between Cairo and Rome.
Moncef Belkhayat's One Retail buys Moroccan coffee chain Dahab as it targets $107 million in revenue
Moncef Belkhayat's One Retail has acquired 100% of Dahab, Morocco's coffee chain with 104 outlets, targeting MAD 1 billion in 2026 revenue.
France investigates late Harrods owner Mohamed Al-Fayed and his brother for sex trafficking
French magistrates have opened a sex-trafficking probe into the late Mohamed Al-Fayed and his brother, with victims describing a network chillingly similar to Jeffrey Epstein's.