Ahmed Ezz's stake in Cairo-based steel giant declines by $116.5 million
This loss reduces his total holdings to below $700 million. He remains the second-richest investor on the Egyptian Exchange and one of Egypt's wealthiest individuals.
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GB Corp’s financial unit receives approval to expand into debt capital markets
This milestone marks a critical step in the company's strategic move into the debt capital markets, broadening its range of financial activities as it seeks to diversify.
Madinet Masr, Redcon partner on $12.4-million investment in Egypt
Madinet Masr seals a strategic partnership deal with Redcon Spain Construction for sprawling Sarai development.
Egypt's wealthy Khamis family adds $17 million from Oriental Weavers shares in 6 days
The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
EFG Hermes finalizes $9.2-million bond issuance advisory for EFG Corp-Solutions
The five-year bond issuance marks another milestone in the firm’s aggressive expansion strategy and dominance in the region’s financial markets.
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Nigerian billionaires to pay $6.9 million annually for foreign-registered private jets
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Sterling One Foundation CEO Olapeju Ibekwe champions girls’ vision for a brighter future
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Enthoven family, founders of Nando's, backs Tortoise Media’s Observer bid
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