Egypt's President Abdel Fattah al-Sisi on Thursday (June 7th) asked his housing minister to form a new government after the resignation of Prime Minister Sherif Ismail, AFP reported.
Ismail stepped down Tuesday just days after al-Sisi was sworn in for a new term, in line with the tradition in Egypt of premiers resigning at the onset of a new presidential term.
Mostafa Madbouli, who was asked to form the new government, had served as housing minister since 2014.
The 52-year-old stood in as prime minister for nearly two months from November when Ismail travelled to Germany for medical treatment.
Ismail oversaw tough economic reforms tied to $12 billion in loans from the International Monetary Fund which Cairo secured to ease a fiscal crisis that saw its deficit balloon to 12.5% of gross domestic product in 2015-16.
