Egyptian Cabinet to Benefit from Former Headquarters in Investment

Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)
Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)
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Egyptian Cabinet to Benefit from Former Headquarters in Investment

Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)
Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)

The Egyptian government seeks to benefit from its former headquarters following the transfer of ministries into the New Administrative Capital.

Egyptian Prime Minister Mostafa Madbouly stressed the government’s keenness on continuous follow-up of the state assets and on taking necessary steps to optimize them.

The PM noted that there are reports on several assets across the Egyptian provinces, including many proposals and recommendations on exploiting these assets by issuing them for investment by the private sector to achieve more returns.

Madbouly held a meeting on Thursday to follow up on optimizing the state assets. The meeting was attended by several ministers.

Egyptian government spokesperson Nader Saad said the meeting touched on some of the assets in the provinces of Cairo and Giza that overlook the Nile River in order to optimize them by issuing them for investment.

Last month, Egyptian President Abdel Fattah Al-Sisi met with Madbouly and cabinet members at the Strategic Leadership Center in the New Administrative Capital.

The spokesman for the Presidency, Ahmed Fahmy, stated that the meeting discussed the government's plan to relocate ministries and various state agencies and institutions to the new capital.

According to the spokesman, Sisi directed intensifying efforts to ensure the government's move to the capital was smooth.

He noted that it could only be achieved through the modernization of buildings and premises and the qualification of workers, and providing training programs to government personnel to teach them modern methods of administration.

"These efforts, in turn, would contribute to establishing an efficient and effective administrative body," he said.

Moreover, Saad added that the meeting pointed out that the Sovereign Fund of Egypt would start evaluating the assets which were showcased during the meeting and the buildings and lands they have.

The assessment will be based on global assessors for the sake of marketing the assets and establishing investment projects on them, especially since these lands are in unique regions on the Nile River.



Israel Says it Killed a Hezbollah Member in Drone Strike in South Lebanon

A picture taken from the southern Lebanese region of Marjayoun, shows the destruction in Khiam on November 28, 2024, a day after a ceasefire between Israel and Hezbollah took effect. (AFP)
A picture taken from the southern Lebanese region of Marjayoun, shows the destruction in Khiam on November 28, 2024, a day after a ceasefire between Israel and Hezbollah took effect. (AFP)
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Israel Says it Killed a Hezbollah Member in Drone Strike in South Lebanon

A picture taken from the southern Lebanese region of Marjayoun, shows the destruction in Khiam on November 28, 2024, a day after a ceasefire between Israel and Hezbollah took effect. (AFP)
A picture taken from the southern Lebanese region of Marjayoun, shows the destruction in Khiam on November 28, 2024, a day after a ceasefire between Israel and Hezbollah took effect. (AFP)

An Israeli drone strike hit a car in south Lebanon on Saturday, killing one person who the Israeli military said was a member of Hezbollah.

State-run National News Agency did not give further details about the strike in the village of Bourj el-Mlouk.

The airstrike was the latest in a wave of such attacks since a US-brokered ceasefire went into effect in late November ending the 14-month Israel-Hezbollah war.

The Israeli military said the Hezbollah member who was killed was active in the border village of Kfar Kila.

The strike came a day after Lebanon’s military court sentenced two people to prison terms for giving digital information to Israel.

Four judicial officials told The Associated Press Saturday that one of those sentenced received a 15-year prison term while the other was sentenced to 10 years in jail. A third was set free for lack of evidence against him, the officials said on condition of anonymity because they were not authorized to share information with the media.

The officials said the two scanned the cellular telephones network in wide areas of Beirut and its southern suburbs that is home to Hezbollah’s headquarters using sophisticated equipment.

The officials said the two, who were detained last year, also supplied Israel with about 1,500 photographs from Beirut’s southern suburbs.