Mohie El Din Abu Bakr Moussa Mohamed Elgharieb (; 1933 – 3 March 2023) was an Egyptian economist, politician, and businessman.

Personal life

El Ghareeb was born in 1933 in Giza, Egypt to a large family. El Ghareeb had two sons from his first marriage. After his wife died, he married another woman who gave birth to his third son. In 1999 he married his third wife.

Politics

El Ghareeb worked as a

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negotiator and an

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governor. He was also a minister in the government of Egypt for 14 years. He was

Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...

from 1996 to 1999. As the lead economist in the National Democratic Party of Egypt he was the deputy after its leader, President Hosni Mubarak of Egypt. He also filled the post of a Senior UN Economic Advisor and the Senior Political and Economic Advisor of many governing bodies including the British Royalty, and for the Governments of Germany, France, Russia, China, Italy, Japan, Saudi Arabia, and the United Arab Emirates.

Economics

El Ghareeb invented the theory of Pay-Over-Debt, and periodically held conferences and/or lectures about his theories in Economics and Political Sciences in many universities and institutes around the world. He wrote many books including the book used as the guide-line for the World Bank and the International Monetary Fund now by the title of ''The Modern State: Political Economy & Economic Politics''. One of his achievements was creating the first (and only) monetary economical system of the

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and the Persian Gulf region. He also helped lay the new foundation of the Economic system of the

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and the

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in co-ordination with the UBS (The World's largest Bank).

Business

El Ghareeb as his family's premier, managed an international group of funds made up of a consortium of Arab families; El Ghareeb (Cairo & Suez, Egypt), Bin Ladin (Jeddah, Saudi Arabia), Al Saud (Riyadh, Saudi Arabia), Al Nahyan (Abu Dhabi, UAE), and Al Maktoum (Dubai, UAE). Current Group activities include car retailing, heavy duty oil drilling platforms, oil production and export and even

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shipbuilding. Other business ranges of the Group include nuclear power systems, hydrogen power research plants, and advanced materials research and manufacturing labs. The Group is currently evaluated to be worth more than $2 Trillion (Two Trillion Dollars). The Group trades and/or owns shares in some international corporations, including 15% of

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, 11% of Siemens Group, 51% of

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(the world's largest oil production company), 12% of

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, 12% of

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, a cumulative 25% of

EADS Airbus SE ( ; ; ; ) is a Pan-European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate defence and space and helicopter divisions. Airbus has long been th ...

(including

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), 51% of

Saudi Binladin Group Saudi Binladin Group (SBG; ), known as Binladin Group Global Holding Company since 2019, is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia. In 2011, the Saudi Binladin Group signed a US$1.23 billion contractual ...

, 10% of

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

, and 10% of

Bayer Bayer AG (English: , commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer' ...

. El Ghareeb was also rumoured in Russian media to be one of the world's most dominant arms dealing groups resulting in the suspicion that a lot of the other El Ghareeb's businesses are only for cover.

Disputes

El Ghareeb went through major disputes with the government of Egypt In February 2002, and for 24 months these disputes took place in courts, TV newspapers and involved confinement. At last, the cassation court found him innocent of the charges. After he was declared innocent, the Government of Egypt headed by Atef Ebeed at that time resigned and a new government took office responsibility in what is publicly believed to be the bill paid by the former government for those disputes.

References

Sources

* ''Money & Banking'' by Prof. Dr. Mohie El Din El Ghareeb. * ''The Modern State: Political Economy & Economic Politics'' by Prof. Dr. Mohie El Din El Ghareeb. * ''External Free Trade'' by Prof. Dr. Mohie El Din El Ghareeb.

External links

Egypt's National Democratic Party

{{DEFAULTSORT:Ghareeb, Mohie El Din El 1933 births 2023 deaths 20th-century Egyptian economists Egyptian businesspeople Ministers of finance of Egypt People from Giza