Gamal Mubarak News
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The takeover of EFG-Hermes Holding SAE, Egypt’s biggest investment bank, by Qatar’s QInvest LLC is mired in delays almost a year after the transaction was agreed.
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Egypt’s ruling party is poised to sweep the Nov. 28 parliamentary election, tightening its grip on power as it prepares for a 2011 presidential vote that may see the first change of leadership in three decades.
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Egypt’s ruling party is set to tighten its grip on power after today’s parliamentary election, dealing a blow to its main Islamist rival whose candidates accused authorities of rigging the vote.
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Egypt ordered the arrest of former Prime Minister Ahmed Shafik, who was a presidential candidate, and referred him to criminal court, the Justice Ministry said.
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Egypt’s public prosecutor referred a corruption-related complaint against presidential candidate Ahmed Shafik for investigation, the state-run news agency said today.
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From his 33rd-floor penthouse apartment with sweeping views of the Nile River, Naguib Sawiris, Egypt’s best-known billionaire and most prominent Christian, can hear the chants of Friday prayers in the distance. As he sits down to a breakfast of taameya and ful, dishes made from fava beans, demonstrators are gathering in Cairo’s Tahrir Square for a planned protest, this time aimed at stopping military trials of thousands of civilians arrested during the revolution that brought down the regime of President Hosni Mubarak.
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What if Mitt Romney disappeared?
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Egypt’s public prosecutor extended the detentions of Alaa and Gamal Mubarak , the sons of former President Hosni Mubarak , for 15 days, the state-run Middle East News Agency said, citing the prosecutor.
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Egypt’s ruling National Democratic Party will announce its candidate for the country’s presidential election before July, Gamal Mubarak , the party’s assistant secretary-general, said in a televised news conference in Cairo today.
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Planet Investment Banking said it raised $650 million in debt and a “lower amount” in equity for a possible bid to take over Egyptian investment bank EFG-Hermes Holding SAE.
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