Egyptian state television reported that the new cabinet formation is expected to include changing the ministers of Foreign Affairs, Finance, Petroleum, Electricity, and Supply.
He added that Ahmed Kjouk will assume the finance portfolio, as he was working as deputy to Mohamed Maait, who has served as Minister of Finance since 2018, and played an important role in Egypt’s negotiations with the International Monetary Fund as well as the efforts made by Cairo to manage the economic crisis that included high inflation and a shortage of foreign exchange.
Egyptian TV, citing the local Extra News TV channel, stated that Egypt's Ambassador to the European Union, Badr Abdel Aty, will assume the position of Foreign Minister, succeeding Sameh Shoukry.
Shukry is seen as a senior diplomatic figure and has held the position of Foreign Minister since 2014 and conducted extensive diplomatic activity regarding the conflict in the Gaza Strip, which is located on the northeastern border of Egypt.
Reports stated that Sherif Farouk, Chairman of the Board of Directors of the Egyptian National Postal Authority, is expected to assume the position of Minister of Supply, succeeding Ali Al-Moselhi.
The Ministry of Supply supervises Egypt's trade in wheat and other primary commodities, as well as the support system that includes tens of millions of Egyptians.
Official statements and local media reports stated that Farouk has experience in financial affairs and during his work at the Egyptian Post, he led a process to reform the pension system.
The Egyptian government recently indicated its intention to switch to monetary support instead of supporting goods.
The Ministry of Electricity is responsible for the energy system in Egypt, which has been suffering from daily power outages since last year due to a lack of gas supplies, which is handled by the Ministry of Petroleum.
The new government is expected to be sworn in on Wednesday, a month after the government of Prime Minister Mostafa Madbouly submitted its resignation.
Madbouly will also head the new government and has held this position since 2018.
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