CAIRO (AP) — Egypt’s President Abdel Fattah el-Sissi on Monday reappointed Prime Minister Mustafa Madbouly to form a new government.
Madbouly earlier on Monday submitted his government’s resignation, two months after el-Sissi was sworn in for a third, six-year term. It is customary for the government to resign at the start of a fresh presidential mandate.
Madbouly, 58, was first appointed prime minister in June 2018, replacing Sherif Ismail. He had previously served as housing minister since March 2014. The architect and urban designer in the past had led the United Nations’ HABITAT Regional Office for Arab States.
El-Sissi won 89.6% of the vote in the December election.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.