Thursday, January 26, 2012

Muslim Brotherhood wants to do business

""Over the last few months the Egyptian investment bank EFG-Hermes organized sit-downs between Al-Shater and 14 major investment managers from Europe, the United States and Africa. Al-Shater used the opportunity to reassure investors that the new government shares their goals.  “I believe the meeting dismissed some investors’ concerns about an extreme economic policy,” said Wael Ziada, an official with EFG.  The Brotherhood wants continuity. Al-Shater’s relationship with EFG-Hermes has raised some eyebrows, since the investment bank was partially owned by deposed President Hosni Mubarak’s son Gamal. But the businessmen in the Brotherhood do not seem concerned by this connection, and they are not at all hasty to jettison the Mubaraks’ economic legacy...."" (thanks Nu`man)