Egypt reaches reconciliation deal with Mubarak-era figures
Egypt has had returned around $174 million in cash and land after the government reached a reconciliation deal with former ministers and businessmen who served or were prominent under deposed president Hosni Mubarak, reported Al-Ahram's Arabic news site Saturday.
Among the figures that have settled their disputes with the Egyptian government is Amr Assal, former chief of Egypt’s Industrial Development Authority, Mustafa Al-Husseini, attorney general of the Public Funds Prosecution told Al-Ahram.
Al-Husseini added that the Cabinet is currently considering reconciliation with the Dubai-based iconic property group Damac, which will return to the governmen, lands located in Egypt’s new suburbs worth $1.3 billion.
Earlier this month, Minister of Finance El-Morsi Hegazi said that two new bank accounts at the Central Bank of Egypt (CBE) have been opened for retrieved funds, whether from abroad or after reconciliation initiatives.
- Tunisian, Moroccan Chambers of Commerce meet to discuss economic partnership
- Winter wonderland: Dubai debuts Aspen Chalets with view of Ski Dubai
- Egyptian economic experts predict inflation rate will continue to climb
- Shoura Council: Expats cannot buy property in Mecca, Medina, Riyadh
- Tensions increase between Egypt, Italy over renewable energy projects
- Robin Hood style? Long Live Egypt Fund to accept donations from Mubarak-era convicted businessmen
- Egypt: $1.8 billion recovered from Mubarak-era figures
- Real estate reconciliation: Egypt plans seeks new deal despite corruption fears
- Reconciliation for corrupt businesses from the Mubarak era?
- Egypt recovers $150 million from Mubarak era figures