Backgrounder: Egypt's new cabinet lineup
CAIRO, June 17 (Xinhua) -- Egypt's new cabinet, headed by Prime Minister Ibrahim Mahlab, was sworn in on Tuesday with the finance and security ministers keeping their posts by the country's newly elected President Abdel-Fattah Al-Sisi, state media reported.
Mahlab, who served for five months as interim prime minister, retained his post following a landslide victory of the former military chief in the presidential vote.
The taking oath ceremony took place at the presidential palace in the capital Cairo and state television aired live footage from the swearing-in on Tuesday.
The new cabinet includes 34 ministers, 13 of whom were newly appointed with only four women.
"I swear by God the Almighty that I will sincerely protect the republican order, fully respect the constitution and the rule of law, completely take care of people's interests, and preserve the nation's independence and the integrity of its lands," Mahlab said followed by his ministers.
The cabinet includes new investment minister Ashraf Salman, and former ambassador to Washington Sameh Shukri who was appointed as foreign minister.
Egypt is in dire need to lure funds and investments to survive its ailing economy in a country stricken by three years in turmoil. The new investment minister Salman was a banker in significant financial investment institutions in Egypt.
He got his master's degree in business administration from Alabama University in the U.S. He was the co-founder and co-CEO of Cairo Financial Holding, an Egyptian asset management, corporate finance and investment banking firm.
Working for more than 18 years in the banking sector, the new investment minster enjoyed a great experience in the deals of restructuring the financial firms.
The Information Ministry was cancelled in the new government for the first time. Chief of the State Television and Radio Union will administer the media until a new national council for mass communication is formed.
According to the new constitution, there should be an independent institution for regulating the media and press.
Following the ouster of long-ruling Hosni Mubarak, the activists called for abolishing the state media deeming it as " biased." The military council who took the power after Mubarak agreed to remove the ministry but then reinstated it.
Based on the 2014 constitution, the new parliament which will be elected within three months will pass a legislation to regulate the work of the media and press.
A new ministry for Urban Development was created with a main task to develop the slums. It is headed by Laila Rashed Iskandar, the environment minister of the former interim government.
Sisi chaired the first meeting of the new cabinet, shortly after its members were sworn in.