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June 29th, 2012 
FAKE NEWS for the Zionist agenda
The president will then go on to Cairo University to celebrate his investiture
and make an inauguration speech to the nation, the statement added.
Media reports said Mr Morsi was consulting a cross-section of Egyptian society
before appointing a premier and a cabinet mostly made up of technocrats.
Traditionally the president takes the oath in parliament, but Egypt’s top
court has ordered the disbanding of the Islamist-dominated legislature.
The military subsequently assumed legislative powers and also formed a
powerful national security council headed by the president but dominated by
generals.
By agreeing to be sworn in by the Constitutional Court, Morsi is effectively
acknowledging the court’s decision to dissolve parliament.
Mr Morsi was “working on reaching some compromises on various issues so
that all the parties are able to work together,” Ali has said.
Egypt’s first civilian president, and the first elected since an uprising
ousted President Hosni Mubarak last year, still has to contend with the
Supreme Council of the Armed Forces.
The SCAF, which took control after Mubarak resigned, will retain broad powers
even after it formally transfers control to Morsi.
The military reserves the right to appoint a new constituent assembly should
the one elected by parliament be disbanded by a court decision expected on
September 1.
But the Brotherhood insists that only parliament can appoint the assembly.
Mr Morsi has already met SCAF chief Field Marshal Hussein Tantawi, as well as
a delegation from the Sunni body Al-Azhar, and another representing Egypt’s
Coptic church.
US Secretary of State Hillary Clinton congratulated Morsi on Wednesday and
praised the SCAF for facilitating the election.
“We have heard some very positive statements so far,” she said,
noting Mr Morsi’s pledge to honour international obligations “which
would, in our view, cover the peace treaty with Israel” signed in 1979.
“We expect President Morsi to demonstrate a commitment to inclusivity
that is manifested by representatives of the women of Egypt, of the Coptic
Christian community, of the secular, non-religious community and young
people,” she added.
Mrs Clinton said Egypt’s military “deserves praise for facilitating a
free, fair and credible election”.
The Council of Europe Parliamentary Assembly, while welcoming Morsi’s
election, said it was worried about “real obstacles to democracy”
in Egypt, notably security and stability challenges in a deeply polarised
country.
These “constitute real obstacles to a slowly emerging democracy in a
country which has virtually no democratic experience,” it warned.
The International Monetary Fund has said it was ready to help Egypt tackle its “significant
immediate economic challenges”.
Since late last year the IMF has been discussing with the interim leadership a
possible $3.2 billion loan to help Cairo bridge fiscal shortfalls while
restructuring the economy and financial system.
In other developments, the foreign ministry summoned the UAE ambassador over
comments made by Dubai police chief General Dahi Khalfan criticising the
Brotherhood, saying it does not represent Islam.
He also said the Egyptian revolution was “carried out by the youth, and
the Brothers have harvested the fruits”.
Source: agencies
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