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.



Israeli Fire Kills 30 in Gaza, Medics Say, as Attention Shifts to Iran 

Palestinians carry sacks and boxes of food and humanitarian aid unloaded from a World Food Program convoy that had been heading to Gaza City, in the northern Gaza Strip, Monday, June 16, 2025. (AP)
Palestinians carry sacks and boxes of food and humanitarian aid unloaded from a World Food Program convoy that had been heading to Gaza City, in the northern Gaza Strip, Monday, June 16, 2025. (AP)
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Israeli Fire Kills 30 in Gaza, Medics Say, as Attention Shifts to Iran 

Palestinians carry sacks and boxes of food and humanitarian aid unloaded from a World Food Program convoy that had been heading to Gaza City, in the northern Gaza Strip, Monday, June 16, 2025. (AP)
Palestinians carry sacks and boxes of food and humanitarian aid unloaded from a World Food Program convoy that had been heading to Gaza City, in the northern Gaza Strip, Monday, June 16, 2025. (AP)

Israeli gunfire and strikes killed at least 30 people across the Gaza Strip on Wednesday, local health authorities said, as some Palestinians there said their plight was being forgotten as attention shifted to the air war between Israel and Iran.

The deaths included the latest in near daily killings of Palestinians seeking aid in the three weeks since Israel partially lifted a total blockade on Gaza that it had imposed for almost three months.

Medics said separate airstrikes on homes in the Maghazi refugee camp and Zeitoun neighborhood in central and northern Gaza killed at least 14 people, while five others were killed in an airstrike on a tent encampment in Khan Younis in southern Gaza.

Eleven others were killed in Israeli fire at crowds of displaced Palestinians awaiting aid trucks brought in by the United Nations along the Salahuddin road in central Gaza, medics said.

The Israel army said it was looking into the reported deaths of people waiting for food. Regarding the other strikes, it said it was "operating to dismantle Hamas military capabilities" and "feasible precautions to mitigate civilian harm."

On Tuesday, Gaza's health ministry said 397 Palestinians among those trying to get food aid had been killed and more than 3,000 wounded since aid deliveries restarted in late May.

Some in Gaza expressed concern that the latest escalations in the war between Israel and Hamas that began in October 2023 would be overlooked as the focus moved to Israel's five-day-old conflict with Iran.

"People are being slaughtered in Gaza, day and night, but attention has shifted to the Iran-Israel war. There is little news about Gaza these days," said Adel, a resident of Gaza City.

"Whoever doesn't die from Israeli bombs dies from hunger. People risk their lives every day to get food, and they also get killed and their blood smears the sacks of flour they thought they had won," he told Reuters via a chat app.

'FORGOTTEN'

Israel has been channeling much of the aid it is now allowing into Gaza through a new US- and Israeli-backed group, the Gaza Humanitarian Foundation, which operates a handful of distribution sites in areas guarded by Israeli forces.

It has said it will continue to allow aid into Gaza, home to more than 2 million people, while ensuring aid doesn't get into the hands of Hamas. Hamas denies seizing aid, saying Israel uses hunger as a weapon against the population in Gaza.

The Gaza war was triggered when Hamas-led fighters attacked Israel in October 2023, killing 1,200 and taking about 250 hostages, according to Israeli allies.

US ally Israel's subsequent military assault on Gaza has killed nearly 55,000 Palestinians, according to Gaza's health ministry, displaced almost all the territory's residents, and caused a severe hunger crisis.

The assault has led to accusations of genocide and war crimes, which Israel denies.

Palestinians in Gaza have been closely following Israel's air war with Iran, long a major supporter of Hamas.

"We are maybe happy to see Israel suffer from Iranian rockets, but at the end of the day, one more day in this war costs the lives of tens of innocent people," said 47-year-old Shaban Abed, a father of five from northern Gaza.

"We just hope that a comprehensive solution could be reached to end the war in Gaza, too. We are being forgotten," he said.