Gamal Mubarak is one of the two sons of current Egyptian president Hosni Mubarak and Mrs. Suzanne Mubarak (the first lady). In contrast to his brother Alaa, Gamal has an active public profile and is starting to wield some influence on political life in the country.
Finance
Gamal Mubarak graduated from the American University in Cairo with a business degree and holds an MBA. He started working for the Bank of America at its branch in Egypt. He was then transferred to the London branch and became its director, working mainly in the field of investment banking. He then branched out with a few colleagues to set up Medinvest Associates Ltd., which manages a private equity fund, and to do some corporate finance consultancy work.[1] He is also the chairman of the Future Generation Foundation (FGF), an NGO for job training.
In the NDP
He was nominated by his father in 2002 to become the general secretary of the policy committee: the third most powerful position in the party. The National Democratic Party (NDP) holds a sweeping majority of seats in parliament. After the mid-2004 cabinet shuffle and the appointment of Ahmed Nazif as the new prime minister, the cabinet was named "Gamal's cabinet", as most of the new ministers were chosen from the policy committee of the NDP.
Inheritance
Both Mubarak and his son have denied the possibility of any inheritance of power in Egypt, although this is widely speculated. The elder Mubarak's advancing age has made the question of succession more pertinent, but he may still accept nomination to another six-year term as president in 2005.
In September 2004 several political groups (most are unofficial), on both the left and the right, announced their sharp opposition to the inheritance of power. They demanded political change and asked for a fair election with more than one candidate.[2]
In February 26, 2005, Mubarak ordered the constitution changed to allow multi-candidate presidential elections before September 2005 by asking parliament to amend Article 76 of the Egyptian constitution.
External links
Last updated: 05-22-2005 15:25:43
