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A daunting mission: Getting back Egypt’s stolen assets

Over the course of Hosni Mubarak’s rule, the illicit outflow of funds from Egypt are estimated at $132bn. After the January 2011 Revolution, countries such as Switzerland and the United Kingdom have been asked to freeze and repatriate Egypt’s stolen wealth. However, many legal, political and financial hindrances stand in the way. Daily News Egypt examines these hurdles and the efforts the Egyptian and foreign governments have exerted in order to recover these lost assets.

Sarah El Masry

Hesham Hellyer

Egypt is not Somalia (it isn’t Switzerland, either)

The last two weeks were not a huge surprise. For some, it seems that the last couple of weeks were the result of a strategy by forces opposed to the presidency of Mohamed Morsi—that the violence was planned, arranged, and implemented. There is a corresponding logic to that line of thought—that had the violence not …

Dr H.A. Hellyer

Switzerland delays repatriating smuggled funds

The Federal Criminal Court of Switzerland denied representatives from the Egyptian government access to the file on the case against former regime members, saying that the “institutional situation of the country” was a significant factor in the ruling.

Basil El-Dabh

R&M launches new incentivized partnership program in Egypt

DUBAI: Reichle & De-Massari (R&M), the Swiss structured cabling specialist, announced the introduction of a new partnership program in Egypt which is specifically designed to enhance partners’ technical proficiency in R&M products and to boost their profitability. R&M MEA is implementing this new partner initiative in order to strengthen its channel in the region and …

Daily News Egypt

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