Egyptian multimillionaire Ghabbour family’s stake in GB Corp rebounds above $200 million
This follows an $18.27-million loss between July 18 and Aug. 15, when the market value of their holdings declined from $207.2 million to $188.93 million.
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Electric giant led by Egypt's El-Sewedy family inks $274.7 million Qatar contract
Elsewedy Electric signs a $274.7 million Qatar deal to supply and install 132kV power cables, advancing Kahramaa’s grid and Qatar’s infrastructure goals.
Yasseen Mansour's Palm Hills books $1 billion in Q1 sales
Palm Hills, chaired by Yasseen Mansour, kicked off 2025 with $1 billion in Q1 sales, up 148%, driven by booming demand in New Cairo, Badya, and Alexandria.
Hisham Talaat Moustafa leads TMG to $3.2 billion in 2025 sales year-to-date
Cumulative real estate sales have now surpassed EGP1 trillion ($19.76 billion), cementing TMG’s place as Egypt’s most successful property developer.
Hassan Allam’s firm obtains $55 million Islamic loan for Cairo project
The National Bank of Egypt, Suez Canal Bank, ADCB, IDB, and SAIB served as underwriters for the $55 million Islamic loan.
Latest
Electric giant led by Egypt's El-Sewedy family inks $274.7 million Qatar contract
Elsewedy Electric signs a $274.7 million Qatar deal to supply and install 132kV power cables, advancing Kahramaa’s grid and Qatar’s infrastructure goals.
South African banker Alan Pullinger gains $3.9 million from FirstRand stake
Pullinger, one of South Africa’s most respected banking executives, owns a 0.13-percent stake in FirstRand, equal to about 7.08 million shares.
Adegbite Falade-led Aradel commits $20 million to Chappal Energies acquisition
The move is part of a broader plan to diversify its operations and build a stronger presence in Nigeria’s energy sector.
Charles Russon-led Absa secures $75 million to boost climate projects
Absa Bank Mauritius secures $75 million from France’s Proparco to back solar, waste, and green building projects aligned with Africa’s climate goals.