Egypt has vast economic and political problems: large bureaucracy, red tape and corruption that deter foreign investments will require the new administration’s attention. Also the latter will need to address other issues, like the reduction of high subsidies for energy and consumer goods, the unemployment rate and the housing shortage.
Mr Sisi’s campaign has focused on programs to carry out economic recovery but such promises were reiterated in previous election campaigns. (CONTINUED - 400 WORDS)
