Egypt Temporary Leadership Names Interim PM

Egypt’s presidency has appointed former finance minister Hazem el Beblawi as interim prime minister in a transitional government.

Acting head of state Adli Mansour also appointed former UN nuclear agency chief Mohamed ElBaradei as deputy to the president, responsible for foreign affairs,according to agencies.

The news comes as Egypt is set to hold parliamentary elections by early 2014 as part of a swift timetable for social change.

According to an earlier decree issued by Mr Mansour, Egyptians will have five months to amend the constitution – suspended after Mohamed Morsi was removed from power – before heading to the polls three months later.

Egypt’s interim president Adli Mansour Adli Mansour’s decree comes after clashes between protesters and the army

The decree was issued after 51 people were killed close to the gates of the Republican Guard officers’ club in Cairo.

Egypt stocks have risen during early trading following hopes a political solution to the crisis can be found that would allow an interim government to be formed before elections, after Cairo’s benchmark index fell 3.6% on Monday.

M.D