Sep 23, 2015 Egyptian President Abdel Fattah al-Sisi recently sworn in a new government, in a bid to rebuild the country’s battered economy. Sisi named Tarek al-Mullah, former head of the state oil company as petroleum minister.
Mullah’s predecessor, Sherif Ismail, widely regarded as one of the best-performing ministers, was appointed prime minister.
The new cabinet consisted of 16 new ministers out of 33 appointees with only few important posts were handed to newcomers. The defense, foreign and justice ministers all retained their jobs as did most economy-related ministers such as planning and supplies.
The new government faces many challenges, primary amongst which is the Islamic State, which has gained the backing of the most active militant group in Egypt.
Egypt’s economy suffered greatly following a massive withdrawal of foreign investments after the 2011 uprising that ousted Hosni Mubarak. It is therefore no surprise that president Sisi will make the economy a priority in the new government.
Egypt is due to hold its long-awaited parliamentary elections next month, the final step in a process which the government says will usher in democracy.