Commercial banks are now trading the U.S. currency at more than 47 pounds, up from about 31 pounds. In the new Cabinet, Sherif Fathy, a former civil aviation minister, replaced Ahmed Issa as Tourism and Antiquities Minister in the new government. Badr Abdelatty, who has acted as Egypt’s envoy to European countries including Germany and Belgium, has been named Foreign and Migration Minister. The ministers, their deputies, and provincial governors took the oath in a presidential palace in Cairo before el-Sissi, elected in December for a third six-year term. A year later, constitutional amendments, passed in a general referendum, added two years to el-Sissi’s second term and allowed him to run for a third, six-year term.

Source: Libya Today July 03, 2024 12:27 UTC