Gamal Mubarak, the son of former Egyptian president Hosni Mubarak, is suspected of receiving five percent of the earnings from Egypt's natural gas deal with Israel, the Egyptian newspaper Al-Masry Al-Youm reported.

According to the report, Mubarak denied the allegations and said he had no connection to the natural gas deal.

Open gallery view Gamal Mubarak Credit: AP

Israel receives 40 percent of its natural gas from Egypt. The two countries signed a peace agreement in 1979.

Hosni Mubarak has also been questioned on the natural gas deal. According to Egyptian prosecutors, the gas was sold to Israel at a low price, causing losses to Egypt worth more than $714 million.

Egypt's public prosecutor has ordered former Energy Minister Sameh Fahmy and six other officials to stand trial on charges of squandering public funds related to the natural gas deal with Israel.