Nassef Sawiris blames UK exit on Conservative government’s failing
Egypt’s richest man Nassef Sawiris left the UK for Italy, blaming “years of incompetence” by the Conservative government on tax policy.
Egyptian billionaire
Samih Sawiris to perform at Cairo Opera House for Gaza refugee support
Egyptian billionaire Samih Sawiris will perform at the Cairo Opera House on May 7, 2025, to raise funds for Gaza’s displaced refugees.
Yasseen Mansour's Palm Hills backs $25.2 million loan for 200 hotel rooms
Palm Hills backs $25.2 million loan for 200 hotel rooms at Hacienda White, boosting its stake in Egypt's North Coast tourism.
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.
Elsewedy Electric, led by the Egyptian billionaire El-Sewedy family, reports $4.58 billion revenue
With a strong financial foundation, Elsewedy Electric is positioning itself for further expansion, reinforcing its role as a key player in the global energy and infrastructure market.
Samih Sawiris’ Orascom Development Egypt posts $430 million in revenue for 2024
Orascom Development Egypt’s revenue surged 41.91% to $430 million in 2024, driven by record real estate sales and strong hospitality growth despite FX losses.
Naguib Sawiris, Egypt’s second-richest man, is $469 million richer this year
This follows a $500 million gain in 2024 when his fortune increased from $6.48 billion to $6.98 billion.
Egyptian billionaire Samih Sawiris transforms Andermatt with $1.2 billion luxury makeover
The revitalized resort now offers world-class skiing, scenic hiking trails, championship golf, and Michelin-starred dining.
Egyptian billionaire Yasseen Mansour leads Palm Hills to $536.1 million revenue in 2024
Palm Hills Developments' revenue surged 55.6% to $536 million in 2024, doubling profits as unit sales soared as strong asset growth cements its market leadership.
Egyptian billionaire Yasseen Mansour’s Palm Hills expands to UAE in bold gulf expansion
By entering the UAE, Palm Hills is tapping into the Gulf’s booming real estate sector, where demand for high-end residential and commercial developments remains strong.
Egyptian tycoon Ahmed El-Sewedy’s electric firm to build Hungary’s largest power plant in decades
This marks a significant step in Elsewedy Electric’s expansion into Europe, reinforcing its presence in the global energy infrastructure market.
Naguib Sawiris calls on Egypt’s President to reevaluate mega-projects amid dollar shortage
Sawiris cautioned that the ambitious projects require substantial foreign currency, straining Egypt’s economy.
Egyptian billionaire shatters records as TMG hits $10 billion in 2024 sales
Egypt’s TMG Holding posts record $10 billion sales in 2024, a 253% surge, driven by expansion into Saudi Arabia and major North Coast projects.
Egypt’s second-richest man, Naguib Sawiris’ net worth soars past $7 billion
With his net worth now at $7.27 billion, Sawiris remains Egypt’s second-richest man, trailing his younger brother, Nassef Sawiris, who is worth $8.99 billion.
Egyptian billionaire Hisham Talaat Moustafa unveils $27 billion plan to rebuild Gaza
His plan focuses on housing, infrastructure, and international cooperation to address the crisis.
VC firm backed by Egyptian billionaire Mohamed Mansour closes $50 million fund for African startups
The funding marks a significant step in expanding tech investment across Africa, with a particular focus on Francophone regions and major startup hubs.