Egypt's supply minister confirms he is leaving his post

August 25, 2016 9:54 AM EDT

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here.

CAIRO (Reuters) - Egypt's Minister of Supply Khaled Hanafi confirmed his resignation to the cabinet in an announcement aired on state television on Thursday.

Hanafi's resignation comes amid a high-profile corruption probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not exist.

The Ministry of Supply is in charge of Egypt's massive food subsidy program.

(Reporting By Maha El Dahan and Asma Alsharif; editing by Susan Thomas)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment