A state of grief has prevailed as hundreds have gathered to say goodbye to late business tycoon Mahmoud Al-Araby, known for charity, who passed away at 89 on Thursday.
A southern Cairo court judge on Wednesday ordered the detention of Egyptian businessman Hassan Rateb for another 45 days pending investigation over funding a former MP in illegal excavation operations.
A southern Cairo court judge ordered the detention of Egyptian businessman Hassan Rateb for another 15 days pending investigation over funding a former MP in illegal excavation operations.
Security forces arrested Egyptian businessman Hassan Rateb over accusations of funding a former parliamentarian in efforts of illegal excavations for antiquities, a statement revealed.
Renowned Egyptian businessman and head of one of the most famous fund investment companies in the nineties returned to Egypt on Wednesday after 26 years of absence in the wake of being charged in the mid-90s of financial exploitation.
Sawiris advised, "Do not buy shares now because we still have not reached the bottom line, and I expect that the value of companies will fall next week by 10 percent.”