Nassef Sawiris's Orascom Construction posts record $9 billion backlog and a 65% profit jump
Orascom Construction posted a record $9 billion backlog and a 65% profit jump in 2025 as the United States became a major growth driver for the group.
North Africa
Moroccan billionaire Othman Benjelloun’s Bank of Africa makes Forbes MENA top 100
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Mohamed Mansour's San Diego FC emerges as frontrunner to sign Mohamed Salah after Liverpool exit
Mohamed Mansour's San Diego FC is among the clubs most prominently linked to signing Mohamed Salah after the Egyptian superstar confirmed his Liverpool exit.
Morocco's royal family-controlled Attijariwafa Bank is eyeing a stake in European AI startup Mistral
Morocco's biggest bank Attijariwafa is studying an investment in French AI startup Mistral AI after it launched a model targeting financial institutions.
Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Uganda signs a deal with the Sawiris family's Orascom Construction to study a light rail system for Kampala
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
Billionaire Hisham Talaat Moustafa takes TMG's expansion plans to Egypt's prime minister as the group eyes a major new East Cairo project
Hisham Talaat Moustafa met Egypt's prime minister to discuss TMG's expansion plans, including a major new mixed-use project in East Cairo.
MNT-Halan CEO Mounir Nakhla is targeting EGP 30 billion in debt financing as Egypt's fintech unicorn keeps expanding
MNT-Halan CEO Mounir Nakhla says the company will target EGP 30 billion in securitization and bond issuances by end of 2026.
Hisham Talaat Moustafa's TMG ranked Egypt's top listed real estate developer by Forbes
Talaat Moustafa Group has been ranked Egypt's top listed real estate developer for 2026 by Forbes Middle East, capping a record year.
IFC plans $40 million bet on Egyptian billionaire Naguib Sawiris’ Nile Sugar desert project
The IFC is considering a $40 million loan to Nile Sugar Company, owned by Naguib Sawiris, to expand sugar beet farming in Upper Egypt.
Hassan Allam's Egyptian construction giant powers up one of the world's largest solar parks with Chinese tech deal
Hassan Allam Holding has partnered with Sineng Electric to supply 249MW of central inverters to Egypt's 1.65GW Benban Solar Park in Aswan.
Billionaire Naguib Sawiris says Iran's attacks on the UAE are a war against freedom and progress
Egyptian billionaire Naguib Sawiris says Iran's attacks on the UAE go beyond military strikes and target freedom and a way of life.
Chakib Alj files to take control of Forafric Maroc in deal that reshapes Morocco's flour industry
Chakib Alj's Cap Holding has formally notified Morocco's Competition Council of its plan to acquire 68% of flour and pasta producer Forafric Maroc.