Alaa Mubarak blames father for high prices
Alaa Mubarak, the son of the late Egyptian President Hosni Mubarak, commented on statements made by Youssef Botros Ghaly, the former Minister of Finance. Ghaly had said that Mubarak bears responsibility for the current rise in prices due to his refusal to raise fuel subsidies. Meanwhile, Ghaly affirmed that the economic team's mistakes were not the cause of the events of 2011, and that gradually increasing energy prices was necessary, despite Mubarak’s rejection of some measures. Alaa Mubarak was also asked about the impact of the dollar's increase during Mubarak’s rule, clarifying that the political and economic circumstances were different at the time, that previous governments made significant efforts, and that Ghaly is currently facing accusations of embezzlement of public funds after fleeing to London.
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