Adorning the billboards around construction sites in Saudi Arabia is the Bin Laden family name. However, fame and fortune have not protected the company from Riyadh’s watchful gaze; the Crown Prince’s team are determined to reform the company and may be willing to usurp it if necessary.
Recent trends suggest that Saudi Arabia’s construction sector is undergoing substantive change, despite historically being a predictable pillar of the national economy. Combined with the Crown Prince’s ‘build it and they will come’ attitude, space is clearly opening up for new actors.
A relatively new member of Cairo’s business elite, Ahmed Abou Hashima is fast becoming the new face of Egypt’s steel sector. His source of wealth and early ventures helped carve out a reputation for himself, which ultimately attracted the attention of billionaire investors from the Gulf and unprecedented wealth.
The titans of Arab oil and gas usually belong to the ruling political families or in parastatal government bodies. Hamid Jafar, together with his three children, hold unique sway in the UAE's energy dealings thanks to high level political contacts in the Emirate of Sharjah - making them a private energy success story.
President Sisi's war on the judiciary is just getting started. Victory in April will grant him four more years at the helm and entail four more years of vying for influence vis-à-vis the judiciary. Cairo's top brass will stop at nothing to undercut rival institutions; the Courts are currently the prime target.
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Cairo's top brass waxes lyrical about its anti-corruption stance, but actions speak louder than words. Egypt's various supervisory bodies have been increasingly curtailed by the President's manipulation of the country's legal framework; empowering himself at the expense of genuine anti-corruption actors.