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.