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President Abdel Fattah al-Sisi Inaugurated for Third Term in Egypt

The inauguration, set against an economic crisis, marks the start of Sisi's final term, amid pledges for increased investment and social reform.

  • President Abdel Fattah al-Sisi was sworn in for his third term in Egypt's new capital, marking the beginning of his final six-year term as per the constitution.
  • The inauguration comes amid an economic crisis, with Egypt facing spiraling inflation and a foreign currency shortage, despite recent financial influxes from the UAE and the IMF.
  • Sisi's new term pledges increased investment and social spending, aiming to address the economic challenges and engage the private sector more actively.
  • Critics argue that mega-projects under Sisi's rule, such as the New Administrative Capital, have exacerbated Egypt's economic woes by diverting resources from more urgent needs.
  • Rights groups continue to raise concerns over the political climate in Egypt, highlighting the arrest of thousands and the lack of serious challengers in the recent election.
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