Current EventsBook ReviewsFun and GamesCultures

Cameron Visits Egypt as Mubarak Assets Frozen
February 21, 2011

Also on This Site

• More on the Egypt Protests
Hosni Mubarak
• Other Current Events

President Hosni Mubarak will continue to suffer monetarily, as now his foreign assets will be frozen, at the request of the country's top prosecutor. Mubarak's domestic assets were frozen soon after he stepped down. His family's wealth has been estimated at anywhere from $1 billion to $70 billion. Mubarak is thought be hold up in his family estate at Sharm el-Sheikh, a resort on the Red Sea.

The news comes in the wake of meetings between British Prime Minister David Cameron (right in photo at right), the first world leader to visit the country in a few weeks, and Egypt's Defense Minister, Hussein Tantawi, and Prime Minister, Ahmed Shafiq (left in photo at right). Members of opposition groups attended as well.

The State Armed Forces Council continues to run the country, after it dissolved parliament and suspended the constitution. Discussions about reform continue between government officials and opposition group members. The oppressive emergency laws remain in effect, although enforcement of those laws is nowhere near what it was at the height of Mubarak's power.

The Muslim Brotherhood announced that it had formed a political party, Freedom and Justice. Unable to campaign as anything but independent, the Muslim Brotherhood now plans to stand many candidates in the planned September elections, although the group has pledged not to run a candidate for president.

Meanwhile, life was starting to return to normal in Cairo and elsewhere around the country. Banks reopened their doors, in an effort to restore confidence after three weeks of unrest and a loss of an estimated 10 billion Egyptian pounds ($1.7 billion). The national stock exchange was still shut, but officials there, armed with plans to avoid a market collapse, announced plans to reopen sometime soon.

Elsewhere in the Middle East and Africa, unrest was spreading, with violent clashes intensifying in Bahrain and Libya.



The Web This Site


on this site

Social Studies
for Kids
copyright 2002-2014,
David White

Sites for Teachers