Egypt's New Cabinet Sworn In Amid Mounting Economic Challenges and Public Discontent

In Cairo, Egypt, a new Cabinet has been sworn in amidst mounting economic challenges and public discontent. President el-Sissi emphasized the need to complete economic reforms and attract investments during the first meeting of the new government. The reshuffle included changes in key portfolios such as defense, foreign ministry, and economy, with notable appointments like Ahmed Kouchouk taking over as finance minister from Mohamed Maait. The economic landscape in Egypt has been turbulent, with the government implementing reforms such as floating the pound and increasing interest rates, leading to a significant devaluation of the currency. Revenue from the Suez Canal has also been affected by conflicts in neighboring nations like Yemen. The tourism sector, a vital source of income, has struggled to recover, while power cuts during the hot summer months have added to public frustration. Amidst regional conflicts in Gaza, Libya, and Sudan, the new Cabinet saw changes in key positions like the foreign and migration minister, now held by Badr Abdelatty. Gen. Abdel-Majeed Sakr replaced Gen. Mohamed Zaki as the defense minister. Prime Minister Mustafa Madbouly, who has been in office since 2018, was tasked by President el-Sissi to form the new government. Despite these changes, some ministers, including those overseeing police, health, and transportation, retained their positions. The new Cabinet's formation comes as President el-Sissi, who was re-elected for a third term in December, aims to address the country's economic challenges and public discontent. The government's focus on economic reforms, investment attraction, and addressing key sectors like tourism and energy reflects the administration's efforts to navigate through a complex socio-economic landscape while dealing with regional conflicts impacting the nation.