{"id":622291,"date":"2024-06-04T00:00:00","date_gmt":"2024-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/04\/madbouly-gets-a-mandate-to-form-a-new-government\/"},"modified":"2024-06-04T00:00:00","modified_gmt":"2024-06-04T00:00:00","slug":"madbouly-gets-a-mandate-to-form-a-new-government","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/04\/madbouly-gets-a-mandate-to-form-a-new-government\/","title":{"rendered":"Madbouly gets a mandate to form a new government"},"content":{"rendered":"

El Sisi calls for new government to help take Egypt to the \u201cnext <\/strong>phase\u201d: <\/strong>President Abdel Fattah El Sisi instructed Prime Minister Moustafa Madbouly to form a new government yesterday after Madbouly submitted his government\u2019s resignation. \u201cToday, I assigned Dr. Moustafa Madbouly to form a new government that includes the necessary expertise and competencies to manage the next phase in order to achieve the desired development in government performance and confront the challenges facing the state,\u201d El Sisi said in a statement<\/a> .<\/p>\n

Cue the rumor mill: <\/strong>Apart from confirmation that Madbouly will once again be sitting at the head of the cabinet table, we\u2019re yet to hear of who will be leaving or joining the new cabinet. Enterprise will be keenly watching to see if the new cabinet will bring back the former economy or investment ministries, to whom GAFI will report, as well as for word of who will head key business-sensitive portfolios, including the ministries of finance, planning, international cooperation, and other portfolios. <\/p>\n

Expect policy stability: <\/strong>The next government\u2019s priorities include promoting private sector growth, attracting local and foreign investment, and getting inflation under control, El Sisi said, per a statement<\/a> from Ittihadeya. Cabinet will also prioritize human development with a focus on education, health, and political participation. The page-long statement also emphasized national security and fight against terrorism.<\/p>\n

What\u2019s next? <\/strong>All serving ministers continue in office until a new cabinet is put together. We\u2019re yet to be given a date for when the new cabinet will take office, but Ala Masouleety\u2019s Ahmed Moussa (watch, runtime: 3:10<\/a>) believes El Sisi will swear them in next Tuesday. <\/p>\n

The new cabinet will then have to present its plan of action to the House of Representatives for approval.<\/strong> Well-connected MP and TV presenter Mostafa Bakry said<\/a> the House will be called into an \u201curgent session\u201d when Madbouly has his new ministerial lineup ready.<\/p>\n

Data point: <\/strong>This is expected to be the fourth major shuffle led by Madbouly since being appointed prime minister in 2018, with the last shakeup in August 2022 seeing 13 new faces<\/a>.<\/p>\n

The foreign press a<\/strong>lso picked up the story<\/strong>, with Bloomberg<\/a> calling the move \u201cexpected\u201d following El Sisi\u2019s re-election and Reuters<\/a> highlighting the economy as a key file for the incoming cabinet.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is expected to be the fourth major shuffle led by Madbouly<\/p>\n","protected":false},"author":1,"featured_media":622292,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[96,282,72,281,127],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-abdel-fattah-el-sisi","tag-cabinet-watch","tag-enterpriseam","tag-moustafa-madbouly","tag-politics","wpautop","entry"],"acf":{"mongo_id":"d0aa1587-c48b-4b14-b0d8-1bc173157d88","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/261.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Madbouly gets a mandate to form a new government","related_issue":[622286],"teaser":"This is expected to be the fourth major shuffle led by Madbouly","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.abb996fd-a6c3-4f40-8b49-909b24b970ae.mp3"},"yoast_head":"\nMadbouly gets a mandate to form a new government - 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The meeting discussed joint programs, including strengthening the country\u2019s social safety net. The bank recently approved a\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/421.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553648,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/31\/egyptian-officials-talk-ties-investment-with-uae-qatar\/","url_meta":{"origin":622291,"position":4},"title":"Egyptian officials talk ties, investment with UAE + Qatar","author":"enterpriseam admin","date":"31 October 2022","format":false,"excerpt":"The EU is helpling Egypt crack down on illegal migration: The EU and Egypt yesterday signed an agreement for the first phase of a new EUR 80 mn program designed to make it harder for migrants to cross illegally from Egypt to Europe, the EU delegation in Egypt said in\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592930,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/el-sisi-madbouly-talk-belt-and-road-with-visiting-chinese-delegation\/","url_meta":{"origin":622291,"position":5},"title":"El Sisi, Madbouly talk Belt and Road with visiting Chinese delegation","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"El Sisi, Madbouly talk Belt and Road with visiting Chinese delegation: President Abdel Fattah El Sisi held talks yesterday with Chinese Vice Premier Wang Yang, who is heading a delegation from China\u2019s Political Consultative Conference on a three-day visit to Egypt, Ittihadiya said in a statement. Yang said that Beijing\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622291"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622291\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/622292"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622291"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622291"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}