On-going investigations into widespread procurement embezzlement by the Egyptian Ministry of Supply has once again highlighted the ease with which state institutions are undermined.
To demonstrate that Rouhani will face an uphill battle to deliver on his electoral promises, radical religious forces unexpectedly cancelled concerts by renown Iranian artists.
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Despite promises of being the antithesis to former President Morsi, Sisi’s administration is reverting to type. Elite networks and the relationships that underscore them continue to be the dominant force in Egyptian business and politics.
Regulatory bodies exist in the Financial Free Trade Zones to project the façade of internationally respected oversight and corporate governance. The case of the Kaloti Group highlights the arbitrary nature of regulation.
A series of mergers of state-owned companies gives particular insight into the political and financial priorities of Abu Dhabi, and acts as reassurance for investors who may be spooked by the prospect of non-performing investments.
Iranian Parliament approved a bill to launch an investigation into embezzlement and corruption allegations against the Bonyad Shahid during the tenure of Massoud Zaribafan – Ahmadinejad’s brother-in-law.