Egyptian billionaire Yasseen Mansour’s Palm Hills stake tops $50 million again
Yasseen Mansour’s Palm Hills stake rises above $50 million as renewed demand on the EGX lifts the real estate developer’s share value.
North Africa
Moroccan multimillionaire Alami Lazraq signs $320 million deal with Rixos to build luxury resorts
Alami Lazraq's Alliances Group has partnered with Turkey’s Rixos Hotels in a $320 million plan to expand Morocco’s high-end tourism footprint.
Egyptian tycoon Hani Berzi’s Edita posts $312 million in nine-month revenue
Edita posted $312 million in revenue for the first nine months of 2025, up 24%, with net profit rising 38% as exports and product innovation fuel growth.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rises above $1.3 billion
Aliko Dangote’s wealth falls below $30 billion after a decline in Dangote Cement shares amid investor caution and tax policy concerns.
Billionaire El-Sewedy family launches major industrial zone in Egypt
Egypt’s El-Sewedy family partners with Arabia Developments to launch a major industrial zone in New 6th of October City.
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, posts $298 million profit in 9M 2025
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, saw profit ease to $298.5 million in 9M 2025 even as revenue hit a record $4.22 billion.
Attijariwafa Bank Egypt, backed by Morocco’s royal family, unveils $10 million SME facility
Attijariwafa Bank Egypt and IFC launched a $10 million risk-sharing facility to expand SME lending, boost jobs, and support women-led businesses.
Sim Tshabalala-led Standard Bank expands into Egypt with new office
Standard Bank is launching a Cairo office on Nov. 12, strengthening Africa’s link to global capital markets.
Egyptian billionaire Naguib Sawiris' net worth drops below $10 billion amid gold decline
Naguib Sawiris’ net worth dips below $10 billion as falling gold prices cut $170 million from his fortune.
Egyptian billionaire Mohamed Mansour breaks ground on $150 million Cairo vehicle plant
Mohamed Mansour starts work on a $150 million eco-friendly vehicle factory in Cairo to boost Egypt’s car manufacturing capacity and create thousands of jobs.
Egyptian billionaire Hisham Talaat Moustafa launches new Four Seasons hotel in Giza
TMG starts work on a new Four Seasons in Giza, adding another luxury asset near the Grand Egyptian Museum as Egypt targets higher-value visitors.
Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1.1 billion
Moroccan billionaire Anas Sefrioui regains $170 million as ADH shares rebound on the Casablanca Bourse.
Moroccan tycoon Alami Lazraq’s stake in real estate company nears $800 million
Alami Lazraq’s stake in ADI nears $800 million as shares surge 23%, lifting investor confidence in Morocco’s booming real estate market.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, targets $422 million sales from Park Tree Elm
Madinet Masr, led by Abdallah Sallam, unveils Park Tree Elm targeting $422 million sales and boosting Egypt’s housing market.
Sawiris family’s Orascom opens Four Seasons Telluride resort in U.S.
Located on a 4.5-acre parcel in the mountain community of Telluride, the new resort covers about 532,000 square feet.
Egyptian billionaire Ahmed Ezz gains $22 million as Ezz Steel shares surge
Ahmed Ezz adds $22.46 million to his fortune as Ezz Steel shares rise on the EGX, lifting his holdings above $1 billion and reaffirming his influence.