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Chairman of Two Egyptian Media Companies Has Assets Frozen for Alleged MB Affiliation

The publisher of Egypt's first independent English-language daily publication, Daily News Egypt, has his assets frozen over allegations of Muslim Brotherhood affiliation.

The government committee responsible for the seizure of the assets belonging to members of the outlawed Muslim Brotherhood announced on Wednesday the freezing of assets belonging to a number of businessmen, according to Al-Ahram. Included in the list was Mostafa Sakr, publisher of the English-language newspaper Daily News Egypt and the Arabic publication Boursa News. Sakr is chairman of the Business News Company, owner of both publications.

The mother company issued a statement in response to the committee's action, where it said that "the company has been working in the press and media field since 2008, and neither it nor any of its employees or founders belongs to any partisan, political, or religious groups." The company also stated that it "never expressed any bias towards a particular group, while its editorial line is of a liberal nature."

The company added that President Abdel-Fattah El-Sisi had published two op-eds in Daily News Egypt in 2014 and 2015 on the country's economic strategies during the annual Euromoney Egypt Conference. Daily News Egypt has been a sponsor of the aforementioned conference for several years.