New Egyptian President Abdel Fatah al-Sisi says he will address the main problems in his country’s sagging economy by developing industry and agriculture and attracting direct investment.

In his inaugural 8 June speech Mr Sisi outlined the main challenges facing his country: high internal and external debt; low fiscal revenue coupled with a huge budget deficit; high unemployment rates; depressed tourism arrivals; meagre foreign exchange reserves and an “energy crisis”. (CONTINUED - 725 WORDS)