Morsi assigned Qandil to form a new cabinet as soon as possible, official MENA news agency quoted acting spokesman of the presidency Yasser Ali as saying.
Morsi will hold a meeting with Qandil later on Tuesday, said Ali.
Qandil was named as irrigation and water resources minister last July in a cabinet reshuffle by then-Prime Minister Essam Sharaf, who resigned in late November 2011.
The appointment came just one month after Mosi was declared winner of the presidency. — Xinhua.
Afreximbank raises US$1.5 billion in largest-ever dual-tranche Eurobond issuance
Business Reporter The African Export-Import Bank (Afreximbank) has priced its largest ever bond issuance, raising US$1,5 billion in a dual-tranche senior unsecured Eurobond offering, marking the institution’s return to…



