Economic

Egypt: Closure of “Alef” libraries allegedly financing terrorism

On Saturday, the management of the Egyptian “Alef” series of libraries announced the closure of 37 branches officially, and the dismissal of more than 250 employees, after nearly 10 years of its opening, and a blockade that lasted for nearly two years, following the decision of the Brotherhood’s fund to reserve funds. The Arab International Company for Commercial Agencies “owning its trademark, and the appointment of administrative and financial observers by the committee to monitor the administrative and financial performance of the company.

Accused of participating in a terrorist group

The owner of the famous “Alef Libraries”, a prominent economic analyst, Omar Al-Shaniti, is being held in pretrial detention since his arrest from his home on June 25, pending case No. 930 of 2019 (State Security Survey), known medially as the “Alliance of Hope”, on the pretext of accusing him. By “the participation of a terrorist group in achieving its goals”, and “publishing news, information and false statements with the intention of undermining confidence in state institutions.”

Reservation of companies for allegedly belonging to the Brotherhood

In August 2017, the “governmental” Brotherhood property management committee decided to seize the funds of well-known companies and brands in Egypt, allegedly belonging to the Muslim Brotherhood.

He considered the activists of the committee to work according to government directives for the benefit of specific parties who want to control all economic sectors and constrict successful companies.

The Brotherhood Property Management Committee announced the reservation of the funds of 19 companies, most notably “Radio Shack, Mobile Shop, Computer Shop, Delta RS for Trade, CompuMe Egypt for Information Technology, Delta Communications”, in addition to the Egypt Arab website and the Arab International Company for Commercial Agencies owning the trademark Alef Libraries

The committee claimed the affiliation of these companies to the Muslim Brotherhood, which the authorities banned in 2013, nearly a year after the coup against President Mohamed Morsi.

The reservation includes all funds, accounts, bank balances in the Egyptian currency, foreign currency, deposits, whatever their name, and all types of shares, papers, financial bonds, lands, real estate, agricultural clays, and movables, whether they are owned directly or indirectly.

Egypt: Closure of "Alef" libraries allegedly financing terrorism

The Committee on “Reserving and Managing Brotherhood Funds”

The “Brotherhood Group’s Reserves and Management” committee was formed by a decision of the Egyptian Minister of Justice in light of the ruling issued by the Court of Urgent Matters in September 2013, which included a ban on the activities of the Muslim Brotherhood in Egypt, and any institution affiliated with it or affiliated with it or established with its funds Or receive any kind of support from them.

The same committee had reservations on “342 companies”, 1107 civil societies, and 174 schools affiliated with the Brotherhood, in addition to the funds of 1441 leaders in the first, second and third grades of the group, during the first eight months of 2014 only, and after that many of the reservations and confiscation decisions were received.

For its part, the Alef Bookstore issued a clarification statement confirming the validity of the reservation that was made to the Arab International Company for Commercial Agencies owning the trademark “A-Libraries” by the Muslim Brotherhood Fund’s preservation committee.

The statement pointed out that the “Alef” libraries began working in the culture and distribution sector 8 years ago, specifically since 2009, and until now the libraries have contributed to the development of the cultural sector by spreading in 37 branches covering 10 governorates in the Arab Republic of Egypt and a single branch abroad in the United Kingdom, more than Out of a thousand employees and currently has 250 employees, it also deals with more than 400 Egyptian publishing houses that employ and employ thousands of employees.

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