Mohie El Din El Ghareeb
Mohie El Din bin Abu Bakr bin Musa bin Ahmed bin Naser bin Aly bin Solaiman - bin El Ghareeb Al Hashemy Al Hussainy Al Qorashey Al Makhzomy (Arabic: محيي الدين الغريب) is an Egyptian, English, Saudi and Emirati economist, politician, and businessman.
Personal life
El Ghareeb was born in 1933 in Giza, Egypt to an extremely rich and large family. He is the eldest of 44 siblings to the same father but from different mothers. However, the different mothers was not an issue of dispute for the family.
El Ghareeb married twice, he got two sons from his first marriage. then after his wife died he remained 20 years without a wife. Finally he married another woman who gave birth to his third son. His wife is a Charity Worker and a supervisor of the Lions Club in Egypt . His eldest son is a Prof. of Integrated NBC Materials Mechatronical Applications, and is the Lead Engineer of the low-profile International Research and Industry Network based in Aachen, Germany. His second son is originally a Prof. of Dentistry and is a businessman now. He owns a hospital in London, England and owns a large medical research network with some other minor investment operations. His youngest son is a materials science researcher (most probably specialized in the field of advanced materials).
Politics
El Ghareeb worked as a World Bank negotiator and an International Monetary Fund governor. He was also a minister in the government of Egypt for 14 years. Currently, as the lead economist in the National Democratic Party of Egypt he is the deputy after its leader, President Hosni Mubarak of Egypt. He also fills 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. He is ranked among the world's 100 top Politicians.
Economics
El Ghareeb invented the theory of Pay-Over-Debt, and periodically holds 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 UAE and the Gulf. He also helped lay the new foundation of the Economic system of the Euro and the European Union in co-ordination with the UBS (The World's largest Bank).
Business
El Ghareeb as his family's premier, manages 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), Al Maktoum (Dubai, UAE).
Current Group activities include car retailing, heavy duty oil drilling platforms, oil production and export and even Supertanker shipbuilding. Other business ranges of the Group include nuclear power systems, hydrogen power research plants, and advanced materials research & 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 DaimlerChrysler, 11% of Siemens Group, 51% of Saudi Aramco (the world's largest oil production company), 12% of Microsoft, 12% of Volkswagen group, a comulative 25% of EADS (including Airbus), 51% of Saudi Binladin Group, 10% of Citigroup, and 10% of Bayer.
El Ghareeb is also rumored in Russian media to be one of the world's most dominant arms dealing groups resulting in the suspection 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 On 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.
See also
References
- 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.