CAIRO: Egypt’s President Abdel Fattah al-Sisi was sworn in Tuesday earlier than parliament for his third time period in workplace as chief of the Arab world’s most populous nation.In energy for the previous decade, Sisi is about to stay president till 2030, after profitable a December election with 89.6 % of the vote in opposition to three relative unknowns.The six-year time period is about to be the 69-year-old’s final, until he once more ushers via a constitutional modification prolonging his tenure.The oath additionally marked the inauguration of Egypt’s New Administrative Capital, situated within the desert east of Cairo, native media reported.Sisi rose to energy on the again of mass protests in opposition to Islamist president Mohammed Morsi, who was deposed in 2013.Sisi was elected president the next 12 months after which once more in 2018, each instances with round 97 % of the vote.For the previous two years, his administration has struggled to comprise the fallout of a punishing financial disaster that has seen the foreign money lose two-thirds of its worth and inflation soar to a report 40 % final 12 months.Within the first quarter of 2024, nonetheless, Egypt noticed an inflow of over $50 billion in loans and funding offers, which Cairo has mentioned will ease dire overseas foreign money shortages and revitalise the economic system.bam-bha/fz
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