World Bulletin / News Desk
Egyptian authorities have barred the chief executive of Orascom Construction Industries , one of the country's biggest companies, from leaving the country as part of an investigation into tax evasion, state media said on Sunday.
The public prosecutor ordered that OCI CEO Nassef Sawiris and his father Onsi Sawiris be barred from travel, the state news agency MENA said.
The order from the public prosecutor is part of an investigation into accusations they evaded about 14 billion Egyptian pounds ($2.1 billion) of taxes during the sale of Orascom Building, an OCI subsidiary, to French firm Lafarge , MENA said.
Reuters could not reach either Sawiris for comment, and an official from Orascom was not immediately available.
A banker and friend of the family said the men were out of the country. Under the order, they would be detained on arrival if they returned.
A lawyer for OCI, Hani Sarie el-Din, told state-owned newspaper Al-Ahram he was "surprised" by the decision.
Negotiations about the taxes from the deal were continuing, the paper's website quoted him as saying. "There was nothing suggesting a dead end in the negotiations."
Last week an official said the government was holding talks with OCI to dissuade it from delisting from the local stock exchange.
Last January the Dutch-listed parent, fertilizer and construction firm OCI NV announced an offer to acquire the ordinary shares of its Egyptian-listed subsidiary.
The Egyptian Financial Supervisory Authority (EFSA) asked last month for more information on the offer, a move that could delay completion of the deal under which some U.S. investors including Bill Gates would pay shareholders who choose to sell their ordinary, Egyptian-listed shares.
Simeonov, 62, is co-leader of the United Patriots (UP), the junior party in the governing coalition.
US leader hints at prosecutions over American leaking of sensitive information about suicide bombing in UK
The ministry's Rapid Response Division is one of two special forces units heading up the operation to recapture Mosul, which is backed by a United States-led anti-ISIL coalition.
Tbilisi court says process for school principal’s extradition to Turkey has started
US president slams member states over inadequate defense spending, urges them to raise their contributions
Residents of southeastern Africa nation once had to rely on foreign Muslim channels, but now have one of their own
Last week Third Force fighters attacked Brak al-Shati airbase, also in southern Libya, which is controlled by Haftar forces, killing 140 people, including civilians.
Human Rights Watch said in a statement the "rush" to kill the men "smacks of militia rule, not the rule of law".
An economist by training, Papademos was Bank of Greece governor from 1994 to 2002, and European Central Bank governor vice president from 2002 to 2010.
The government has denied the allegations and says it wants to remove advantages enjoyed by some foreign-based institutions.
Tusk, along with European Commission President Jean-Claude Juncker, also argued for the benefits of open trade and the Paris climate agreement that Trump is opposed to.
Here is what we know so far about Monday's attack, the deadliest in Britain since 2005.
Judges in the capital Addis Ababa imposed a jail sentence of six years and six months on Yonatan Tesfaye, the former spokesman for the opposition Blue Party who was found guilty earlier this month of encouraging terrorism.
Attack increases May death toll of police patrolling Somali border to 20, suspected victims of al-Shabaab attacks
Two people were found dead in the town of Kansk in Russia's Siberian Krasnoyarsk region, according to investigators in the region, who said a fire spread in the area due to hot weather and strong wind.
Trump, whose own election last year shocked the pollsters, said Macron "ran an incredible campaign and had a tremendous victory. All over the world they’re talking about it."