Karim Badawi's Appointment Sparks Major Cabinet Reshuffle in Egypt
Karim Badawi is set to be appointed as Egypt's petroleum minister in a significant reshuffle of Prime Minister Mostafa Madbouly's cabinet. Along with new ministers for foreign, finance, electricity, and supply, the new cabinet is expected to be sworn in soon. Real power remains with the presidency, military, and security services.
Karim Badawi will be appointed as Egypt's petroleum minister in a long-awaited reshuffle of Prime Minister Mostafa Madbouly's cabinet, local broadcaster ExtraNews reported on Wednesday.
The reshuffle is also expected to bring in new foreign, finance, electricity and supply ministers, it added. Earlier, state television said Ahmed Kouchouk was appointed finance ministry. Ministers in Egypt have limited decision-making authority, with real power residing with the presidency, military and security services. The new cabinet is expected to be sworn in later in the day.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Oscar Lovera Appointed as Paraguay's New Economy and Finance Minister
Romuald Wadagni: From Finance Minister to Benin's Presidential Front-runner
World economy witnessing volatility, uncertainty, complexity, and ambiguity; global public debt has surged: Finance Minister Sitharaman.
Colombian Finance Minister Calls for Inflation Target Review
Record Revenue Recovery: Punjab's Finance Minister Details Year of Enforcement Success

