Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Egypt to demolish headquarters of Mubarak's old party

Published 04/15/2015, 01:32 PM
Updated 04/15/2015, 01:51 PM
© Reuters. People walk past the burned down headquarters of the National Democratic Party of toppled President Hosni Mubarak, in Cairo

CAIRO (Reuters) - Egypt's cabinet on Wednesday ordered the demolition of an abandoned, burnt-out building that had housed the headquarters of former President Hosni Mubarak's political party, which was disbanded four years ago.

The National Democratic Party (NDP) building, a concrete tower block that looms over the River Nile in Cairo, was gutted during the uprising against Mubarak's rule in 2011, and served as a potent symbol of the revolt.

Successive governments have discussed plans to knock down the building since the NDP was dissolved. Some activists who took part in protests have said the headquarters should be preserved as a monument to the uprising. The statement did not give any reason or timing for the demolition.

Since a major economic summit last month in the coastal resort of Sharm el-Sheikh, one side of the building has been covered in a large banner promoting investment in Egypt.

While Egyptian courts have been gradually absolving Mubarak-era figures, they have been handing down lengthy sentences to liberal and Islamist activists in cases ranging from political protests to acts of violence.

Earlier this month a court began a retrial of Mubarak, 86, in a case which accused him of diverting public funds. He was sentenced to three years in jail last May in the case but the conviction was overturned by Egypt's high court in January.

In November, a court dropped charges against Mubarak of conspiring to kill demonstrators during the uprising, raising fears among rights activists that the old guard was making a comeback.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The NDP was dissolved by a court order in April 2011. It had dominated Egyptian politics since it was founded by Mubarak's predecessor, Anwar Sadat, in 1978.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.