Egypt is set to undergo a significant cabinet reshuffle, with key changes anticipated in the foreign, finance, petroleum, electricity, and supply ministries, according to state TV reports on Tuesday.

Ahmed Kouchouk is slated to head the finance ministry, succeeding Mohamed Maait, who has been instrumental in Egypt's dealings with the International Monetary Fund and in addressing the economic challenges such as high inflation and foreign exchange shortages since 2018.

In the foreign ministry, Badr Abdelatty, currently Egypt's ambassador to the European Union, is expected to replace Sameh Shoukry, a prominent diplomat who has managed numerous diplomatic initiatives, particularly concerning the Gaza conflict since 2014.

Sherif Farouk, the chairman of Egypt Post, is poised to lead the supply ministry, taking over from Ali Moselhy. The ministry is crucial for overseeing Egypt's trade in essential commodities like wheat and managing a vast subsidy program benefiting millions of Egyptians.

Farouk, with a financial background, has notably reformed the pension payment system during his tenure at Egypt Post.

The electricity ministry, dealing with ongoing daily power outages due to gas supply shortages, and the petroleum ministry, which manages these supplies, are also part of the anticipated changes.

The new cabinet, led by Prime Minister Mostafa Madbouly, who has been in office since 2018, is scheduled to be sworn in on Wednesday, following the previous cabinet's resignation announcement a month earlier. Decision-making power in Egypt largely remains with the presidency, military, and security services, despite ministerial roles.