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Egyptian accuses regime amid Dubai wealth

Egyptian accuses regime amid Dubai wealth

The article discusses the crisis faced by Egyptian businessman Mustafa Elawadi, who is confronted with the forced confiscation of his funds at Emirates NBD Bank, as well as the seizure of his assets—including companies and factories in Alexandria—valued at over 300 million Egyptian pounds. Elawadi complains of harassment and pressure since the start of his dispute over the "Tayba" meat and poultry manufacturing company, which he accuses officials in the "Future of Egypt for Sustainable Development" agency of seizing after threats. This involved factories, branches, and vehicles. He also revealed that his crisis has extended to Europe, where he sought asylum in the Netherlands and reported being pursued. He also accused the Egyptian embassy in Madrid of obstinacy. Elawadi considers that the Sisi regime targets opposition businessmen, especially in cases similar to his, where the government sometimes accuses entrepreneurs of legal violations or takes measures against their assets within broader political and economic conflicts.

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