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.
Chancellor Angela Merkel believes she should continue serving on her current post
Latest waves of migrants to Europe have made people worry over endless flows of 'guests'
Because of its good economic health, Germany has become the leading destination in Europe for migrants
Hundreds of delegates from around the world gathered in Ankara's Bilkent Plaza
Senior UN agency official Vincent Cochetel has termed the situation for migrants on Greek islands as 'embarrassing'
Research shows the number of millionaires in Africa has more than doubled since 2000
UN Security Council gives ‘unique support’ to Cypriot leaders, says envoy
A charity fashion bazaar sets the change in stereotype of Russia's Muslim population. Moscow has Russia's largest Muslim population of 1.5 mn Muslims, making it Europe's largest Muslim city.
Clinton's call to end the US embargo on Cuba makes her fall in line with US President Barack Obama.
Àmama Mbabazi was sacked from his prime ministerial post last year in an evolving power struggle and has been one of the country's most popular and skilled politicians.
Clashes come against backdrop of Palestinian baby’s murder near Nablus
A source close to the European Commission has said that the Southern Gas Corridor could provide a diverse market for Azeribaijan's gas market.
Political functions and watchdog role of EU’s executive arm needs rebalancing, Berlin argues
A British inquiry has been told by Alexander Litvinenko's widow that Russian President Putin had persoally ordered the death of her husband
Iraqi forces retaken several areas west of Ramadi that had fallen into the hands of ISIL.
Japanese Isuzu company has obtained 8 percent in Samarkand Automobile factory LLC