2 Days
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CNN Arabic
Alaa Mubarak blames father for inflation
Alaa Mubarak responded to former Finance Minister Youssef Botros Gali's statements, in which he attributed the current high prices to President Hosni Mubarak. He clarified that Gali refused to increase fuel subsidies and raise energy prices, which contributed to the worsening economic crisis. Gali also confirmed that the economic team's mistakes were the cause of the crisis, and that the current leadership is making tough decisions to achieve economic reform, while respecting the vision and ambitions. It is worth noting that Gali left Egypt after the 2011 revolution and moved to London. He holds British citizenship and faced accusations of embezzling public funds. He was sentenced in absentia to 30 years in prison, but he was recently appointed to the Specialized Council for Economic Development in Egypt.
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