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Tag Archives: Hosni Mubarak

Bank shut down in Egypt as employee strikes

Bank shut down in Egypt as employee strikes

Egypt banks were closed Monday due to workers’ strikes and will remain closed the next day to honor the Prophet Mohammed‘s birth, Egypt’s central bank said. The Central Bank of… Read more »

Bahrain distributes money to every citizen fearing protest

Bahrain distributes money to every citizen fearing protest

In an effort to stave off anti-government protests, Bahrain’s king has paid $2,650 to every family “as a sign of appreciation,” an official statement said. “On the occasion of the… Read more »

Assets of Hosni Mubarak frozen by Swiss govt

Assets of Hosni Mubarak frozen by Swiss govt

The Swiss Foreign Ministry announced a three-year freeze Friday on funds that might belong to former Egyptian President Hosni Mubarak. Officials gave no estimate of how much money or real… Read more »

Water shortage may destroy Middle East peace plan

Water shortage may destroy Middle East peace plan

The Middle East is likely to plunge into serious humanitarian crisis due to depletion of water resources, unless remedial measures are introduced urgently, says a new Strategic Foresight Group report,… Read more »

Hosni Mubarak is worlds richest man: Report

Hosni Mubarak is worlds richest man: Report

Egyptian President Hosni Mubarak is likely the richest man in the world with an estimated fortune worth about 70 billion dollars. According to the Guardian, Mubarak has money stashed in… Read more »

Crude oil price touches new high

Crude oil price touches new high

Crude oil prices rose above $91 per barrel in New York Wednesday after a volatile week, with traders keeping an eye on developments in Egypt. President Hosni Mubarak announced he… Read more »

Gold prices down marginally

Gold prices down marginally

Gold prices prices slid slightly Wednesday, as the dollar index was flat, rising 0.5 percent. U.S. markets were also flat in a news week dominated by civil unrest in Egypt…. Read more »

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