KSA & Sudan

Egypt: Switzerland conditions release of Mubarak’s deposits in Swiss banks

Switzerland has informed the Egyptian government that the funds deposited by President Mubarak and his two sons during his rule in Swiss banks would not be returned to the State unless Bern is certain that the funds were illegally obtained as alleged. The announcement was made by Swiss attorney-general Michael Lauber during a press conference […]

Egypt: Chief of Forensic Department Rejects Explosion Theory of EgyptAir Flight

Egyptian forensic department chief Tuesday denied claims that an explosion brought down the EgyptAir plane which crashed last Thursday in the Mediterranean. “Everything published about this matter is completely false, and mere assumptions that did not come from the forensics authority,” Hesham Abdelhamid was quoted as saying. Abdelhamid debunked a report by one Egyptian official […]

Zimbabwe aspires to create ‘Africa’s Dubai’ at Victoria Falls

Zimbabwe plans to create an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the success of Dubai and the Isle of Man in attracting foreign investment. “The trigger is the success of the VFEX,” Zimbabwean Finance Minister Mthuli Ncube said, referring to the US dollar-denominated Victoria Falls […]