Khaled Mahmoud’s MM Group signs deal with Tata Motors to grow auto segment in Egypt
Indian automaker, Tata Motors, is known globally for producing reliable and versatile vehicles suited to various transport and logistics needs.
Egypt
Hani Berzi’s Edita Food Industries launches premium frozen bakery line
Edita launches a premium frozen bakery line for Egypt’s food service sector, targeting cafés, hotels, and restaurants with ready-to-bake pastry solutions.
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.
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.
Ahmed Wadi’s Money Fellows raises $13 million to expand beyond Egypt
This brings the Cairo-based fintech startup's total funding to just over $60 million.
Mounir Nakhla’s MNT-Halan raises $49 million to boost lending in Egypt
MNT-Halan raises EGP 2.5 billion ($49.4 million) in bonds to expand its Egyptian loan book and fuel growth.
Yasseen Mansour gains $5 million from Palm Hills stake
In just 26 days, his stake increased by $5 million, driven by a 12.56 percent jump in share price.
Mohamed Edris launches $266 million housing project in Cairo
The sprawling development, set in the fast-growing New Zayed City in West Cairo, will span 84 feddans.
Runa Alam’s DPI takes over $105 million Egypt-based fintech fund
This acquisition is a strategic move that strengthens DPI's presence across the African continent.
Hend El-Sherbini loses $19.5 million from IDH shares
Hend El-Sherbini is one of Egypt’s leading executives and a key figure in the MENA region’s healthcare sector.
Ghabbour family stake in Cairo-based automaker nears $300 million
GB Corp. stock has risen 19.91% in the past five weeks, boosting the Ghabbour family’s stake value by $45.73 million.
Orascom, owned by Sawiris family, plans Egypt cutback after $2.6 billion Saudi deal approval
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
Hisham Talaat Moustafa’s TMG partners with Alameda for $100 million healthcare expansion in Egypt, Saudi Arabia
Under the agreement, Alameda will manage and operate a state-of-the-art hospital within TMG’s flagship Madinaty development in East Cairo.
7 companies owned by Egyptian billionaire Yasseen Mansour
Egyptian billionaire Yasseen Mansour’s vast empire spans real estate, automotive, retail, and finance, solidifying his influence in Egypt’s economic transformation.
Top 10 richest real estate tycoons in Egypt
Real estate tycoons like Naguib Sawiris and Hisham Talaat Moustafa are shaping Egypt’s skyline with multi-billion-dollar luxury and mixed-use developments.
Egyptian businessman Hisham Talaat Moustafa gains $54 million as TMG stock rises
The recovery follows a sharp decline between Jan. 1 and Feb. 7, when the market value of his stake dropped by EGP 2.84 billion ($56.48 million).