EGYPT'S GOVERNMENT RESIGNS AMID CORRUPTION INQUIRY

On 12 September 2015, the Egyptian President accepted the resignation of the government and asked the outgoing oil minister to form a new cabinet. No official reason was given for the resignation, which shortly follows the arrest of Egypt's agriculture minister amid an inquiry into allegations of taking bribes in exchange for granting land licences.

IRANIAN TYCOON STANDS TRIAL ON CORRUPTION CHARGES

Babak Zanjani, one of Iran's wealthiest businessmen, is standing trial this month on charges of corruption, fraud and money laundering. The Oil Ministry of Iran claims that Zanjani owes more than 2 billion euros for oil sales he made on behalf of the previous Iranian government.

SWISS AUTHORITIES HELPING OMAN IN OIL CORRUPTION PROBE

The office of Switzerland's attorney general is now assisting with the ongoing investigation into alleged corruption in Oman's national oil company and oil ministry. Several civil servants and businessmen have been jailed as a result of the high-profile investigation. Swiss authorities have become involved because some transactions under inquiry involved Swiss financial institutions.