Egypt’s richest person considers UK exit over tax changes under Labour Government
This potential move follows his earlier decision to relocate his family office to Abu Dhabi, the capital of the United Arab Emirates (UAE), in December 2023.
Egyptian billionaire
Mansour Group joins China’s SAIC Motor for $135-million Egyptian auto plant
The project, announced at a ceremony with Egypt’s Prime Minister Mostafa Madbouly, supports Egypt’s goal to localize vehicle production.
5 Egyptian businessmen-owned companies whose shares have more than doubled in 2024
These companies illustrate the resilience and adaptability of Egyptian businesses, driven by strong leadership and strategic initiatives.
Mohammed Elsewedy’s fortune up $293 million amid devaluation of Egyptian pound
This highlights his resilience in navigating one of Egypt’s most challenging economic years.
Egyptian billionaire Naguib Sawiris unveils $150 million hotel project in Cairo
Naguib Sawiris plans to invest $150 million in luxury hotels near Egypt’s iconic Pyramids, aiming to enhance the country’s tourism appeal.
Naguib Sawiris unveils new digital news platform targeting emerging markets
Sawiris launches Moniify, a Dubai-based digital platform delivering emerging market business and finance news from a local perspective.
Hassan Allam and partners secure 1,200-megawatt solar deal to advance Egypt’s renewable energy sector
Landmark agreement highlights regional leadership in clean energy transition.
Shares held by El-Sewedy brothers in Egyptian electric giant near $1 billion each
The El-Sewedys, founders of the electrical equipment manufacturing powerhouse, collectively hold a 51.05 percent stake in Elsewedy Electric.
Naguib Sawiris adds nearly $600 million to fortune, maintains spot among Africa’s richest
The Egyptian billionaire’s wealth growth is attributed to the performance of his diversified investment portfolio.
Orascom Development gets $155 million loan to support green tourism in Egypt
The loan comprises two tranches—$96 million and $57.3 million—aimed at financing green upgrades and unlocking growth potential in El Gouna.
Palm Hills partners with Saudi firm to boost real estate and education development
Palm Hills Developments joins forces with Dallah Real Estate to create integrated projects, focusing on 15 international schools in Saudi Arabia.
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.
TMG Holding partners with Huawei to launch Egypt's first AI cloud services
Building on their existing relationship in smart cities and sustainable solutions, TMG and Huawei plan to reshape Egypt’s urban landscape.
Palm Hills to buy nearly $40-million stake in Taaleem from Egyptian billionaire Yasseen Mansour
This follows Mansour's acquisition of an additional stake in Taaleem, increasing his holding to 18.3 percent after purchasing shares worth EGP505.6 million ($10.46 million).
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rebounds above $1.3 billion
This recovery follows a brief decline of EGP6.03 billion ($124.2 million) between July 9 and Aug. 1
Electric firm owned by Egyptian billionaire El-Sewedy family lands $1 billion deal with Saudi Electric
Elsewedy Electric has secured a $1-billion partnership with Saudi Electricity Company to enhance energy infrastructure in the Middle East.