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Egypt minister appointed World Bank Managing Director

Sunday, September 26, 2010 05:28:17 PM, IANS

Cairo: Egyptian Investment Minister Mahmoud Mohieldin resigned from the government to become Managing Director of the World Bank, Egypt's official news agency MENA reported.

Egyptian President Hosni Mubarak accepted the resignation Saturday.

Industry and Trade Minister Rashid Mohammed Rashid has been appointed as the acting investment minister. He will also retain his former position.

Mohieldin, who served as the investment minister for six years, will now oversee finance and private sector development, poverty reduction and economic management and human development at the World Bank.

 

 

 

 

 

 

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Picture of the Day

Due to the threats of riot and terror attacks, the festive season in India nowadays results in sleepless nights for the security personnel. Against this backdrop, the show of communal harmony in Malegaon by Ajantha Mandal cannot be more timely. The Mandal in a large hoarding portrays the real picture of the Muslim dominated textile town in North Maharashtra. It shows, Malegaon is where Azan in a Masjid and Shunkh in a Mandir go simultaneously. To further make its point, the Mandal plays communal harmony songs on a cassette-player in its full sound.

(Photo: ummid.com)

 

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