World Bulletin / News Desk
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 Kandil, who was appointed by President Mohamed Mursi last week.
Foreign Minister Mohamed Kamel Amr and Finance Minister Mumtaz al-Saeed confirmed they would stay on after emerging from a meeting with Kandil, who is due to formally unveil his cabinet on Thursday.
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, Kandil 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. Kandil has said he would put qualifications before political allegiances when choosing his cabinet members.
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.
Paris facing challenges in seeking to cut its deficit without raising taxes, economists tell Anadolu Agency.
Algerian lawmakers expressed opposition to shale gas bill while protestors clashed with police leaving 40 policeman injured
Scientists have established that deforestation cause monsoon rains to drift south cutting rainfall in India significantly.
U.S. diplomats in Caracas could not give any information about the pilot, or say whether Maduro was referring to any Americans other than the missionaries.
Netanyahu has called his mission to the USA one of historic importance, and fears for Israel.
War court judge orders the overseer of the Guantanamo cases to be replaced after he exercised "unlawful influence"
Progress of offensive could impact Mosul campaign timing with army, militias advance on Tikrit from south and east. The Prime Minister has said that says civilians, homes to be protected
Spokesperson for the Revolutionary Forces in Aleppo accused UN Special Envoy for Syria Staffan de Mistura of working in the interests of the Assad regime.
Britain may force sale of licenses to third party with deal valued at RWE DEA at 5.1 bln euros and British assets worth about 1 billion euros
Dispute over Afghan refugees in Pakistan has caused a rift between two neighbors that have recently shown signs of warmness in their usually cold and tense ties.
The Lebanese army said an Israeli gunboat violated Lebanese coastal waters.
Egypt said it has unearthed the rest house of Thutmose II in the northeast of the country
A series of attacks occured on areas linked with the Shiite Houthi group in Yemen
Myanmar authorities liberate the photojournalist arrested for Facebook post after three days
Myanmar President Thein Sein discussed constitutional changes and the first election with Aung San Suu Kyi