President Abdel Fattah Al-Sisi conducted a one-day visit to close regional ally Saudi Arabia on Sunday, during which Egypt’s ambassador to Riyadh said the two countries would aim to address numerous shared challenges “facing the Arab and Muslim world”, according to state-owned Al-Ahram. Egyptian Ambassador Afifi Abdel Wahab said the relationship between Saudi Arabia and …
The two had previously held talks inside a Saudi royal plane carrying the king, when it made a short stop in Cairo in June
Over the course of Hosni Mubarak’s rule, the illicit outflow of funds from Egypt are estimated at $132bn. After the January 2011 Revolution, countries such as Switzerland and the United Kingdom have been asked to freeze and repatriate Egypt’s stolen wealth. However, many legal, political and financial hindrances stand in the way. Daily News Egypt examines these hurdles and the efforts the Egyptian and foreign governments have exerted in order to recover these lost assets.
The Giza Criminal Court sentenced the Mubarak-era politician to 37 years for illegally acquiring a state-run iron and steel company