(AFP) CAIRO, Egypt — The two sons of former Egyptian president Hosni Mubarak were arrested on Saturday for alleged stock manipulation, a judicial source said. Gamal and Alaa Mubarak are accused alongside three other people of failing to notify the stock market of agreements to acquire majorities in several banks through front companies.The accused attended a hearing at a criminal court in Cairo, where a judge ordered their arrest, and they will be transferred to custody, the same judicial source said. The next hearing has been set for October 20. After three decades in power, Hosni Mubarak was deposed during the 2011 Arab Spring. Under his father’s rule, Gamal Mubarak headed a key ruling party committee and was long seen as his successor. Older brother Alaa stayed out of politics but is accused of having amassed a fortune through his father’s contacts. After being arrested in 2011 for a number of alleged crimes, the two sons had several spells in provisional … [Read more...] about Two Sons of Egypt’s Hosni Mubarak Arrested for Stock Manipulation
Egypt
Egypt court returns ex-president Mubarak’s 2 sons to prison
Hamza Hendawi, Associated Press Updated 9:08 am PDT, Saturday, September 15, 2018 FILE - In this Sept. 14, 2013 file photo, former Egyptian President Hosni Mubarak, seated center left, and his two sons, Gamal Mubarak, left, and Alaa Mubarak attend a hearing in a courtroom in Cairo, Egypt. Egyptian officials say police have detained the sons of former president Hosni Mubarak in connection with inside trading charges. They said the arrests were ordered Saturday, Sept. 15, 2018 by judge Ahmed Aboul-Fetouh before he adjourned the hearings to October 20. less FILE - In this Sept. 14, 2013 file photo, former Egyptian President Hosni Mubarak, seated center left, and his two sons, Gamal Mubarak, left, and Alaa Mubarak attend a hearing in a courtroom in Cairo, Egypt. ... more Photo: Mohammed Al-Law, AP Photo: Mohammed Al-Law, AP Image 1 … [Read more...] about Egypt court returns ex-president Mubarak’s 2 sons to prison
Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1 billion: statement
CAIRO (Reuters) - Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell <RDSa.AS> and Malaysia's Petronas <PGAS.KL> worth around $1 billion for 8 wells in the country's West Nile Delta, the petroleum ministry said on Saturday. The country also signed a second $10 million deal with Rockhopper <RKH.L>, Kuwait Energy <IPO-KEC.L> and Canada's Dover Corporation <DOV.N> for exploration in the Western Desert, a ministry statement said. Egypt aims to be a regional hub for the trade of liquefied natural gas (LNG) after a string of major discoveries in recent years including Zohr, which holds an estimated 30 trillion cubic feet of gas. (Reporting by Ehab Farouk and Ahmet Tolba; Writing by Nadine Awadalla, Editing by William Maclean) … [Read more...] about Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1 billion: statement
Lebanese tourist jailed for Facebook post leaves Egypt after release
(Editor's note - This story contains language in the second paragraph that some readers may find offensive.) CAIRO (Reuters) - A Lebanese tourist who was jailed after Egyptian authorities said she insulted the country in a Facebook video post has left Egypt after being released, her lawyer said on Thursday. Mona el-Mazboh was arrested at Cairo airport at the end of her stay in late May in Egypt after a 10-minute video in which she called Egypt a "son of a bitch country" went viral on social media. She was sentenced to eight years in prison in July after being found guilty of spreading false rumours that would harm society, attacking religion, and public indecency. Her sentence was reduced earlier this week to one year and suspended. Mazboh left Cairo by plane late on Thursday, her lawyer Emad Kamal said. In the video, 24-year-old Mazboh complained of being sexually harassed by taxi drivers and young men in the street, as well as poor restaurant service during the holy month of … [Read more...] about Lebanese tourist jailed for Facebook post leaves Egypt after release
Investigation into what killed Lancashire couple in Egypt could take months
News / UK and world by Press Association September 13, 2018, 8:15 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter The UK investigation into what killed a Lancashire couple who died in Egypt could take “several months”, a senior coroner has warned. A Home Office pathologist began examining the bodies of John and Susan Cooper, from Burnley, on Thursday. Their daughter, Kelly Ormerod, has said she has “no faith” in the Egyptian authorities, which reported that E.coli killed her parents. Dr James Adeley, senior coroner for Lancashire, said: “In view of the concerns raised by this case, analysis and evaluation of the findings at post-mortem and the associated samples may take some weeks or possibly several months to analyse. “These results will need to be compared with the findings from the Egyptian investigation, when these are available to the Home Office pathologist and the coroner.” Egypt’s … [Read more...] about Investigation into what killed Lancashire couple in Egypt could take months