North Africa

Naguib Sawiris steps down as chairman of Orascom Investment Holding

Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.

WorldRemit founder Ismail Ahmed commits $500 million to philanthropy in Somaliland

WorldRemit founder Ismail Ahmed has launched a $500-million fund to support education, healthcare and infrastructure development in his native Somaliland.

Nassef Sawiris, Issad Rebrab and family named world’s richest Arabs

Egypt's Nassef Sawiris and Algeria's Issad Rebrab and family have emerged as the first and second richest Arabs in the world.

Sawiris family moves to expand further in Egypt’s gold sector

A deal between AKH Gold and Egypt's Petroleum and Mineral Resources Ministry will increase the Sawiris’ stake in the gold sector.

$200-million stock deal deepens Sawiris family interest in global gold market

La Mancha Holdings announced the closing of a $159-million subscription to the shares of Endeavour Mining Corporation.