Egypt's new MP Mostafa Madbouly has studied the possibility of reducing the number of ministries from 33 to 24, sources at the cabinet told Al-Ahram daily newspaper on Saturday.

According to unnamed sources in the cabinet, Madbouly has decided on his final list of cabinet ministers, which will include new ministers as well as some ministers who were part of former PM Sherif Ismail's cabinet.

Egypt's new prime minister was tasked on Wednesday with forming a new cabinet after the resignation of Ismail, who headed the cabinet since September 2015. 

Egypt's parliament has agreed on the list of ministers compiled by Madbouly, according to informed parliament sources.

A new cabinet must be sworn in by President Abdel-Fattah El-Sisi, according to the Egyptian constitution.

The swearing in is expected by Tuesday at the latest, the newspaper reported.