Egypt's Suez Canal Authority seeks African market expansion with Namibia port deal    Egypt to launch unified digital business platform to streamline procedures, cut timelines: El-Khatib    TMG expands Celia development with new commercial and entertainment hub    Egypt explores opportunities to expand sustainable environmental investment in natural reserves    Egypt reviews development projects with IsDB delegation    UK offers tax breaks to lure Egyptian firms to London bourse – ambassador    Egypt advances strategy to reduce public, external debt    Gaza death toll climbs as winter cold intensifies humanitarian emergency    Egypt, China discuss sustainable Gaza ceasefire and Sudan truce    GENNVAX launches largest regional vaccine manufacturing facility with $150m investment    Health Minister Discusses radiology upgrade with Curagita, ACH    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt, Saudi FMs discuss Gaza, Sudan and preparations for Supreme Coordination Council    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mubarak era tycoons join Egypt President in China
Several of the businessmen who travelled with Morsi to China were prominent supporters of Mubarak and former members of the NDP
Ahram Online Published in Ahram Online on 28 - 08 - 2012

Adelegation of Egyptian businessmen who travelled to China on Monday, one day before the visit of Egyptian President Mohamed Morsi, was made up of many figures who were close to the former regime of Hosni Mubarak, and who were members of Mubarak's now-dissolved National Democratic Party (NDP).
In his first state visit outside of the Arab world, Egypt's president headed a delegation of seven ministers and 80 businessmen to China.
One the most prominent NDP figures who was invited to accompany the new president was Mohamed Farid Khamis, chairman of the Oriental Weavers Company, one of the world's largest carpet companies. Khamis was member of the political bureau of the NDP and a member of parliament.
Another prominent name is Sherif El-Gabaly, chairman of Polyserve Fertilisers and Chemical Group, and a member of the administration of the Egyptian Federation of Industries, who was also a member of the political bureau and was known to be close to Gamal Mubarak, son of the former president.
Other members of the NDP present in the delegation included Khaled Abul-Makarem chairman of Fibertex, Walid Hela vice president of heavyweight plastic producers Al-Helal wel Negma and Farid El-Tobgui chairman of Bavarian group.
Hassan Malek, a member of the Muslim Brotherhood and a well-known businessman, heads the delegation and is responsible for the choice of members. Malek, president of a committee for communication between businessmen and the presidency, told Ikhwan Online, the official website of the Muslim Brotherhood, that the group was comprised of businessmen who had existing business ties with China.
The delegation also included some businessmen who have close ties with the Brotherhood, such as Ahmed El-Sewedy, chairman of El-Sewedy Electrics and Abdel-Rahman Samir El-Naggar, chairman of Daltex Food Industries.
http://english.ahram.org.eg/News/51477.aspx

Clic here to read the story from its source.