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Egypt's Mubarak resigns, Army in Control

February 11, 2011 politisite 0

President Hosni Mubarak of Egypt turned over all power to the military, and left the Egyptian capital for his resort home in Sharm el-Sheik, Vice President Omar Suleiman announced on state television on Friday. The announcement, delivered during evening prayers in Cairo, set off a frenzy of celebration, with protesters shouting “Egypt is free!” The Egyptian military issued a communiquĂ© pledging to carry out a variety of constitutional reforms in […]

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Where did that U.S. Federal Aid to Egypt go? Mubarak family worth $70bn, say experts

February 5, 2011 politisite 0

President Hosni Mubarak’s family fortune could be as much as $70 billion U.S. Dollars  according to analysis by Middle East experts. Much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast. After 30 years as president and many more as a senior military official, Mubarak has had access to investment […]