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They also tackled the participation of the private sector in implementing seawater desalination projects.
Farid Al-Deeb, lawyer of ousted president Hosni Mubarak, said in a statement Sunday that after the Swiss Federal Council’s decision to unfreeze the assets held for Egypt, “it has become clear that there never have been any assets of former president Hosni Mubarak.” Al-Deeb said that after 11 February 2011, several assets from the former …
The Swiss Federal Council announced that it will end the freeze on the remaining $436m of frozen Egyptian assets, in a press statement on Wednesday. However, they extended the freeze on both Tunisian and Ukrainian assets. The Swiss Federal Council had frozen both Egyptian and Tunisian assets in the wake of the 2011 Arab spring …
The North Cairo Criminal Court ordered on Saturday that the assets of five human rights activists and non-governmental organisation (NGO) members, including renowned journalist Hossam Bahgat and lawyer Gamal Eid, be frozen in connection with reopening the “NGOs foreign funding” case of 2011. The court ordered that the assets of Eid and Bahgat, as well …
The verdict is “final” and “enforceable”, says Abu Trika’s lawyer
EFG Hermes and EDP Renováveis S.A., reach agreement on the sale of a portfolio of 23 wind farms in Portugal, Spain, France, and Belgium
Bank plans to increase its retail banking portfolio to EGP 1.4bn by end of 2016
Arbitrary and punitive measures, says Amnesty International
Regulatory actions taken by CBE s capable of protecting Egyptian banking sector from risks during 2016, says report
In light of the lack of transparency in the case, businessmen begin speculating over the arrest, fearing they too may be targeted
A Brazilian court has accused international football star, Neymar, of evading millions of dollars in taxes. Now the Barcelona forward could face fines worth even more than that.
Assets inched up 3% to total EGP 18.5bn, while expenses surged to EGP 14%
The move to freeze assets also included a further 66 companies
Net profits value from January to June 2015 stood at QAR 5.6bn ($1.5bn)
Criminal proceedings will continue against all defendants on money laundering, says spokesman
Abu Trika’s assets were frozen following the committee’s decision to confiscate properties belonging to a company the former footballer had shares in
The governmental committee tasked to confiscate assets and properties of the outlawed Muslim Brotherhood rejected the player’s appeal on the grounds that it is not based on correct evidence, state media reported.
Meanwhile the bank’s net profits reached EGP 196.97m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014.
The player appealed the decision, as all bank accounts are also frozen
Funds of 138 local Al-Jamia Al-Shariya branches frozen in 2013 over alleged Muslim Brotherhood affiliation
Head of the Egyptian Financial Supervisory Authority (EFSA) Sherif Sami said on Thursday that four investment funds have been established in 2014; therefore the total amount of investment funds in Egypt is 95. The total amount of cash in these funds was valued at EGP 6.5bn by the end of 2014, increasing by EGP 851m …
The amount of assets under management of the Arab African International Bank (AAIB)’s subsidiary, Arab African Investment Holding (AAIH,) has doubled to EGP 3.1bn by the end of 2014. This figure compared to EGP 1.3bn in 2011, said Mohamed Mostafa, managing director of AAIH. Mostafa noted that AAIH is pumping investments in 2015 to increase …
Restructuring includes financial evaluation of performance and private sector partnership to change public management, says investment minister
Particular freezes on assets were not constitutional or legal
Judiciary committee assessing Muslim Brotherhood funds seizes two companies and their administration pending charges faced by owners, Khairat El-Shater and Abdel Rahman Al-Seoudi
The firm said in January it expects to make asset purchases with a value of EGP 132m, in addition to EGP 2.928bn purchases made earlier this year
Assets of former president, his sons and 16 others renewed by European bloc
The committee places 87 Brotherhood-affiliated schools under the Education Ministry’s supervision
The ministry says it is able to compensate for halted NGO health services
EIPR, as part of its work on issues related to the recovery of smuggled funds, obtained an Arabic translation of the new law, saying that it included discussion on all issues related to the freezing, seizure and recovery of assets deposited by foreign dictators.