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09 January 2025

Mubarak's sons got fee from Israeli gas deal

Gamal Mubarak, and Alaa Mubarak sons of Egyptian former President Hosni Mubarak. (AP)

Published
By AFP

The two sons of former Egyptian president Hosni Mubarak received a hefty commission from Israel to back controversial natural gas exports to the Jewish state, a Kuwaiti newspaper reported on Sunday, citing what it said were classified documents.

Al-Jarida daily said it obtained the documents, concerning Gamal and Alaa Mubarak, from a special department at the Egyptian interior ministry that was looking at the interests of the family of the former president toppled in a popular uprising last month.

Based on the documents, the paper said negotiations took place involving Israeli officials, former Egyptian oil minister Sameh Fahmi and Hussein Salem, a businessman close to the Mubarak family, in January 2005.

Gamal Mubarak initially demanded a 10 percent commission but eventually agreed to half of that while his elder brother and Salem settled for 2.5 percent each from the ê2.5 billion deal signed in May 2005.

Al-Jarida published photocopies of the alleged documents.

The deal provides for 1.7 billion cubic metres (59 billion cubic feet) of gas annually over 15 years to be sold by Israeli-Egyptian consortium East Mediterranean Gas (EMG) to the Israeli Electric Company (IEC).

Gas exports began flowing in February 2008 after completing a pipeline which was attacked on February 5 and exports halted.

Egypt supplies about 40 percent of Israel's natural gas which is used to produce electricity. In December, four Israeli firms signed 20-year contracts worth up to ê10 billion (7.4 billion euros) to import Egyptian gas.