Based on report, Abdel Fattah al-Sisi “will take the oath of workplace on the structure Tuesday.
Cairo:
Egyptian president Abdel Fattah al-Sisi will likely be sworn in on Tuesday for a 3rd consecutive time period within the new capital being constructed exterior Cairo, authorities newspaper Al-Ahram confirmed Monday.
In energy for over a decade, Sisi “will take the oath of workplace on the structure Tuesday within the new parliament premises within the administrative capital”, east of Cairo, Al-Ahram mentioned.
Formally, the 69-year-old Sisi will start his time period on Wednesday, greater than three months after he was reelected with 89.6 % of the vote towards three largely-unknown candidates.
The previous head of the military and minister of defence, Sisi led the ouster of former Islamist president Mohamed Morsi following large fashionable protests across the nation.
His new time period of six years is meant to be his final, in accordance with the structure.
MP Mustafa Bakri, who’s near the ruling powers, mentioned the federal government will doubtless resign after Sisi’s inauguration to permit for a cupboard reshuffle.
The swearing-in comes towards the background of a extreme financial disaster, with spiralling inflation and a international foreign money scarcity that’s stifling international commerce.
Within the first trimester of 2024, nevertheless, Egypt benefitted from an inflow of billions of {dollars}, of which $35 billion got here from the United Arab Emirates, and a rise of $5 billion of an unique mortgage of $3 billion from the Worldwide Financial Fund.
Sisi’s supporters say the stream of international foreign money will revitalise the economic system, however observers are sceptical there will likely be any enchancment with out structural reforms to cut back the outsize position of the military and authorities within the economic system.
(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)
