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Egypt's Public Prosecution transfers gold to CBE and silver to Ministry of Finance
via Egypt Today1 min read
Egypt鈥檚 Public Prosecution announced that on April 21, it transferred gold bullions to the Central Bank of Egypt CBE and over 1.2 tons of silver to the Ministry of Finance. This handover occurred at a ceremony attended by the Ministers of Finance, Local Development, and Housing, Utilities and Urban Communities, along with the Governor of Cairo and other officials. The Public Prosecution stated this action is part of its efforts to manage seized assets, protect public funds, and maximize the value of underutilized resources, emphasizing the economic aspect of its judicial role. It has adopted a systematic approach to managing valuable seized items, focusing on strong governance and oversight to convert idle assets into economic value. The Public Prosecutor also reviewed improvements in managing impounded vehicles, including upgrades to storage facilities and efforts to reduce overcrowding, which led to the return of many vehicles to owners and the clearance of the 15th of May area. Additionally, a new framework for criminal claims management has been introduced, involving digitizing inventories, improving classification, and ensuring regular follow-up and administrative seizure to enhance collection efficiency and protect state rights.
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This summary was AI-generated from a story originally published by Egypt Today.
Egypt has strongly condemned recent threats targeting Saudi Arabia, rejecting any escalation that could jeopardize the Kingdom's security or regional stability. In an official statement, the Ministry of Foreign Affairs denounced these threats as irresponsible actions that undermine regional stability, endanger international trade, and threaten maritime navigation in vital waterways. The ministry stated that these actions violate international law, the United Nations Convention on the Law of the Sea, and relevant UN Security Council resolutions. Egypt reaffirmed its full solidarity with Saudi Arabia and other Gulf Cooperation Council member states, expressing complete support for measures taken by the Kingdom to protect its security, stability, sovereignty, and territorial integrity. The statement also emphasized the importance of prioritizing political and diplomatic solutions while adhering to international legal frameworks to achieve de-escalation and maintain long-term peace in the region.
Egypt鈥檚 Minister of Foreign Affairs, International Cooperation, and Expatriates, Badr Abdelatty, met with Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates, in Abu Dhabi. The ministers praised the strong Egyptian-Emirati relations, guided by the directives of Egyptian President Abdel Fattah El-Sisi and UAE President Sheikh Mohammed bin Zayed Al Nahyan, and reaffirmed their commitment to deepening bilateral cooperation. They condemned Iranian attacks on Arab states, with Abdelatty expressing Egypt's solidarity with the UAE and GCC countries, calling for an immediate halt to escalatory actions. Both officials emphasized the importance of preserving freedom of navigation in the Strait of Hormuz and rejected efforts to restrict transit through international waterways. The meeting also included discussions on regional developments in Sudan, Palestine, Syria, and Lebanon, with an agreement to maintain close coordination for regional security and peace.
Must ReadEgypt has strongly condemned the attack on the Kuwaiti oil tanker Kifan in the Strait of Hormuz, an incident that resulted in injuries to several crew members. In an official statement, Egypt described the attack as a dangerous escalation and a flagrant violation of international law and freedom of navigation. The nation warned that such acts threaten the security of the Gulf region and the safety of international maritime trade. Egypt affirmed its full solidarity with Kuwait, supporting all measures taken by the country to preserve its security, sovereignty, and national interests. The ministry reiterated Egypt's firm rejection of any aggression targeting Arab nations or endangering global shipping corridors. Egypt urged an immediate end to all escalatory actions, calling on all parties to abide by international law and the UN Charter. The statement emphasized the critical need to prioritize diplomacy and dialogue to defuse tensions and safeguard regional stability.