Mohamed Mahsoub, secretary-general of the popular "Egyptian Front for Reclaiming the People's Wealth," said the group had documents in its possession proving that certain former Egyptian officials had transferred large amounts of money to foreign (...)
Public-sector companies owe Egypt's National Investment Bank (NIB) approximately LE8 billion, according to a bank estimate. Meanwhile, a prominent government source has stated that the debt is distributed among 19 companies, most of them in the (...)
