Egypt’s Sisi Sworn in for Third Term

Egyptian President Abdel Fattah al-Sisi was sworn in Tuesday before parliament for his third term in office.
In power for the past decade, Sisi is set to remain president until 2030, after winning a December election with 89.6 percent of the vote against three relative unknowns.
The oath also marked the inauguration of Egypt’s New Administrative Capital, located in the desert east of Cairo, local media reported.
Sisi rose to power in 2013. He was elected president the following year and then again in 2018, both times with around 97 percent of the vote.
For the past two years, Egypt has struggled to contain the fallout of a punishing economic crisis that has seen the currency lose two-thirds of its value and inflation soar to a record 40 percent last year.
In the first quarter of 2024, however, Egypt saw an influx of over $50 billion in loans and investment deals, which Cairo has said will ease dire foreign currency shortages and revitalize the economy.