by Nurat Uthman
Egypt is expected to change its foreign, finance, petroleum, electricity and supply ministers in a long-awaited cabinet overhaul, with Ahmed Kouchouk promoted to lead the finance ministry, state TV said on Tuesday.
Kouchouk was serving as a deputy to Mohamed Maait, who as finance minister since 2018 played a central role in Egypt’s negotiations with the International Monetary Fund as well as efforts to manage an economic crisis that included soaring inflation and foreign exchange shortages.
At the Foreign Ministry, Egypt’s ambassador to the European Union, Badr Abdelatty, would replace Sameh Shoukry, who had held the foreign ministry post since 2014, state TV reported.
Sherif Farouk, chairman of state postal company, Egypt Post, was set to take over at the Supply Ministry, replacing veteran minister, Ali Moselhy, the reports said.
The Supply Ministry oversees Egypt’s trade in wheat and other commodities, as well as a sprawling subsidy system that tens of millions of Egyptians are eligible for.
The new cabinet is expected to be sworn in on Wednesday.
