Egypt's NUCA, SHMFF sign New Cairo land allocation for integrated urban project    CIB named Egypt's Bank of the Year 2025 as factoring portfolio hits EGP 4bn    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Oil prices edge higher on Thursday    Gold prices fall on Thursday    Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing    Egypt denies coordination with Israel over Rafah crossing    Egypt to swap capital gains for stamp duty to boost stock market investment    Egypt tackles waste sector funding gaps, local governance reforms    Egypt, Switzerland explore expanded health cooperation, joint pharmaceutical ventures    Egypt recovers two ancient artefacts from Belgium    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's NDP party and its properties
Published in The Egyptian Gazette on 23 - 04 - 2011

CAIRO - The decision to dissolve the National Democratic Party (NDP) has led to a problem with its properties. Some of them were given to the party by the former Government, while others were donated by members of the party.
Following the ruling, the current Government has announced that a villa owned by the NDP in Giza will become the headquarters of the National Council of Human Rights.
Meanwhile, Misr Petroleum Company has removed the NDP sign from a palace in Cairo and replaced it with one of its own signs.
According to an official at the company, the palace is owned by Misr Petroleum, which was renting it to the NDP for only LE42 (about $7) annually!
As for the NDP premises in Heliopolis, the sign carrying the party's name has also been removed and all the doors have been shut and bolted.
Meanwhile, the employees who worked there have been protesting outside, as they haven't been paid ��" although they won't say for how long they haven't been paid.
Mohamed Ragab, the NDP Secretary-General, has told them that they will get their money soon, adding that they won't be affected by the historic Supreme Administrative Court ruling to dissolve the party.
Saeed el-Fa'r, the head of the party's liquidation committee and its legal representative, notes that the court has been informed that the people who worked as employees for the party need to be paid, before the dissolution takes effect.
He points out that some of the buildings are owned by the party, while some of the others are being rented.
“For example, the premises in Heliopolis are being rented from the Heliopolis Company for Housing and Reconstruction and the NDP has already paid the rent till the end of this year,” el-Fa'r comments.
As for the NDP headquarters on the Nile Corniche near Al Tahrir Square, ownership will revert to Cairo Governorate.
Meanwhile, the NDP building in Qasr el-Aini Street is also owned by Misr Petroleum Company.
Essam Hagag, the company's legal representative, says that the NDP has been renting the building, a three-floor premises, also for LE42 a year since 1981.
For the past three decades, the company has been trying to cancel the contract and get the building back.
Following the recent ruling, the company's sign has been put back on the building, which was damaged by fire in the recent demonstrations.
The NDP's three-floor building in Giza is very old and was originally owned by the Socialist Union. In 1977, Moustafa Khalil, the Union's Secretary-General, ordered that it be handed over to the NDP.
Ahmed el-Fadali, the head of the Democratic Peace Party, was the first person to call for the dissolution of the NDP and for all its funds to be liquidated and its assets returned to the State.
Abdel-Khaleq Farouq, an expert in political and economic affairs, told Al-Akhbar semi-official newspaper that 45,000 NDP members 'obtained' LE12 billion ($2.1 billion) between 2000 and 2010.
“To rescue Egypt, we should revise the agreements signed for the exportation of natural gas to Europe. That would save us LE20 million annually.
“We should also cut the budget for the Armed Forces and Police, which would save us another LE12 billion annually. If we upgraded the tax system, we'd save another LE12 billion annually,” he stressed.


Clic here to read the story from its source.