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Court order freezes assets of Hossam Bahgat, Gamal Eid, other 3 NGO heads

The North Cairo Criminal Court ordered on Saturday that the assets of five human rights activists and non-governmental organisation (NGO) members, including renowned journalist Hossam Bahgat and lawyer Gamal Eid, be frozen in connection with reopening the “NGOs foreign funding” case of 2011. The court ordered that the assets of Eid and Bahgat, as well …

Daily News Egypt

Investment funds assets increased by EGP 851m in 2014

Head of the Egyptian Financial Supervisory Authority (EFSA) Sherif Sami said on Thursday that four investment funds have been established in 2014; therefore the total amount of investment funds in Egypt is 95. The total amount of cash in these funds was valued at EGP 6.5bn by the end of 2014, increasing by EGP 851m …

Daily News Egypt

Assets under AAIH’s management reach EGP 3.1bn in 2014

The amount of assets under management of the Arab African International Bank (AAIB)’s subsidiary, Arab African Investment Holding (AAIH,) has doubled to EGP 3.1bn by the end of 2014. This figure compared to EGP 1.3bn in 2011, said Mohamed Mostafa, managing director of AAIH. Mostafa noted that AAIH is pumping investments in 2015 to increase …

Daily News Egypt

Court considers freezing assets of Islamists

Freedom and Justice Party (FJP) legal advisor Mokhtar Al-Ashry said that the case has been postponed to 21 August, but that he expected former president Mohamed Morsi to be reinstated before then and bring an end to “all these police-like measures.”

Mohamad Nagi