Egypt's new PM says seeks to form cabinet by weekend

November 28, 2011 18:37

CAIRO - Egypt's new Prime Minister Kamal al-Ganzouri said on Monday he aimed to announce his new cabinet by the end of the week.

Protesters in Tahrir Square criticized the army's choice of Ganzouri, who served as prime minister under ousted president Hosni Mubarak in the 1990s. But other ordinary Egyptians have welcomed his appointment, seeing him as untainted by corruption.

Economists say Egypt, which on Monday held its first election since a popular uprising ousted Mubarak, desperately needs a government that will help bring order and restore credibility in the battered economy.

Egypt's shares and currency have been hammered by the uprising and recent clashes between protesters and police.

"The formation of the new cabinet will be announced by the end of the week, maybe Thursday," Ganzouri told reporters.

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