Egypt to unveil new Cabinet on Thursday
Al-Arabiya
Egypt’s finance and foreign affairs ministers said on Wednesday they were keeping their posts in a new government being formed by Prime Minister Hisham Qandil, who was appointed by President Mohammed Mursi last week.
Foreign Minister Mohammed Kamel Amr and Finance Minister Mumtaz al-Saeed confirmed they would stay on after emerging from a meeting with Qandil, who is due to formally unveil his Cabinet on Thursday.
Maj. Gen. Ahmed Gamal eddin, who has been heading the Public Security Department, has been appointed as the Interior Minister, Al Arabiya reported.
Osama Saleh, the head of the General Authority for Investment, said he had been appointed investment minister. Osama Kamal, head of the Egyptian Petrochemical Holding Co, said he had been appointed oil minister.
A little-known technocrat, Qandil was irrigation minister in the outgoing Cabinet led by Prime Minister Kamal al-Ganzouri -- who was appointed by the military council and a premier under ousted leader Hosni Mubarak. Qandil has said he would put qualifications before political allegiances when choosing his Cabinet members.
The government formation ends a month long wait for the first administration of the Mursi era. The Muslim Brotherhood politician, who was sworn in on June 30, has been criticized for the amount of time it took him to name his prime minister.
Faced by an economy hit by 18 months of political instability, the new government will need to move fast to address acute economic problems including a looming balance of payments crisis and unaffordable state borrowing costs.
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