Egypt: New government with key changes and a historic record 2
#DecisionMakers #Economy #Institutions #News #Politics #Trending #EGYPT
Rédaction Ecomnews Med
Thursday 21 June 2018 Last update on Thursday, June 21, 2018 At 8:52 AM

In a context of shaky investment climate and sustained geopolitical activity in the region, president Abdel-Fattah el-Sissi has sworn in a new government two weeks after being re-elected in a vote in which he faced no serious challengers.

Egyptian President, Abdel Fatah Al Sissi.

Members of the new government, headed by former Housing Minister Moustafa Madbouly, took the oath last Tuesday in the Orouba (or Heliapolis) Palace in Cairo. El-Sissi appointed Madbouly to form a new government after former Prime Minister Sherif Ismail submitted his government’s resignation in accordance with Egyptian political tradition. The cabinet marks the broadest shake-up in Egypt’s government since 2014, replacing key ministers including finance, defense and interior.

El-Sissi replaces ministers of defence, interior, finance, trade and agriculture

  • New Defence Minister Mohamed Ahmed Zak to replace Sedki Sobhi who has overseen the country’s efforts to quash the Islamist militant insurgency in the Sinai peninsula with scores of security forces killed in recent years;
  • Mahmoud Tawfik was appointed Minister of Interior replacing Magdi Abdel Ghaffar who has held this key ministry since 2015;
  • Mohamed Maait, deputy finance minister in the outgoing cabinet of Amr El Garhy, was promoted to minister. He will aim to pursue economic reforms tied to Egypt’s three-year $12 billion IMF loan programme
  • Amr Adl Bayoumi was appointed minister of trade and Azz el-Din Abu Steit is the new minister of agriculture of Egypt.

Madbouly appoints 8 female ministers

For the first time in Egyptian history, the new cabinet has a total of 8 female ministers. Madbouly appointed Hala Zayed for the Health ministry and Yasmine Fouad for the ministry of State of Environmental Affairs. The two newly appointed female ministers add to the already existing six in the outgoing cabinet (Rania El Mashat as minister of tourism and Enas Abdel-Dayem as minister of Culture, among others).

Discover out our latest videos about the economic news in Egypt :