Egyptian Prime Minister and Minister of Housing، Utilities and Urban Communities Dr. Mostafa Madbouli witnessed on Thursday the signing of a cooperation protocol with the Kuwaiti Fund for Arab Economic Development (KFAED). The signing ceremony was attended by Dr. Sahar Nasr، Minister of Investment and International Cooperation and Director General of the Kuwaiti Fund.
Madbouli، at the beginning of the cabinet weekly meeting، thanked the ministers for their efforts in preparing the government program، as well as responding to all the remarks made by the MPs regarding the program. During the meeting، the cabinet also discussed a number of topics، draft laws and ministerial decisions that aim to achieve economic and social stability، encourage investments and follow up the completion of national projects within the specified time plan.
Egyptian President Abdel-Fattah El-Sisi has appointed Mostafa Madbouly، as the country's new prime minister، two days after outgoing Prime Minister Sherif Ismail submitted his resignation and that of his cabinet.
Ismail submitted his resignation two days after President El-Sisi was officially sworn in as the head of state for a second term until 2022.
The move came in line with a political tradition that the cabinet should resign at the beginning of a new presidential term.