Dubai ruler meets African billionaires as UAE courts deeper investment, energy and AI ties
Sheikh Mohammed bin Rashid told African business and philanthropic leaders the UAE sees the continent as a strategic partner for resilient, inclusive growth.
United Arab Emirates
Aliko Dangote, Africa’s richest man, to open family office in Dubai amid wealth protection shift
The move comes as Dangote, 67, continues to expand his industrial empire, which includes cement, sugar, fertilizer, and a newly operational $20-billion oil refinery in Lagos.
UAE group offers $558 million for stake in Egyptian billionaire family’s electric company
Founded in 1938 by the El-Sewedy family, Elsewedy Electric has become a major force in the electrical equipment manufacturing sector.
UAE’s largest bank, FAB, has withdrawn its offer for majority stake in Karim Awad’s EFG Hermes
The disclosure comes two months after the bank announced its plan to acquire a 51-percent stake in EFG Hermes Holding.
UAE’s largest bank offers to acquire majority stake in Karim Awad-led EFG Hermes
The proposed transaction is FAB’s second major transaction in Egypt.