Egypt

President dispatches envoy to reconcile with investors

A senior government official has said that the president dispatched Hassan Malek, chairman of the Egyptian Business Development Association, to reconcile with Egyptian investors living abroad, making financial settlements with them.

The official, who requested anonymity, added that those investors do not face any criminal cases and were not involved in the killing of demonstrators during the revolution, but are reluctant to invest again in Egypt under the Muslim Brotherhood.

Malek will be reassuring investors during his participation in the Davos economic forum on 23 January, the same forum that Gamal Mubarak and his aides used to attend, the official said.

Among the investors are Yassin Mansour and Hamed al-Sheiaty.

Tarek Abdel Aziz, lawyer of fugitive businessman Hussein Salem, said he did not receive an invitation for reconciliation. “We would not mind for Salem to return to Egypt,” he said. adding that Salem is ready to waiver half his wealth at home and abroad in return for the government to drop all cases against him. “But it will have to be a neutral body that estimates the wealth,” he added.

Edited translation from Al-Masry Al-Youm

Related Articles

Back to top button