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High Quality Content by WIKIPEDIA articles! The government of Egypt consists of a semi-presidential republic whereby the president is both head of state and head of government, and of a system dominated by the National Democratic Party. Executive power is exercised by the government. Legislative power is vested in both the government and the People's Assembly. Egypt has been a nation since 18 June 1953. Since the declaration of the republic, four Egyptians have served as presidents. The first President to take office was President Mohamed Naguib. The fourth and incumbent president is Mohamed Hosni Mubarak who has been the President of Egypt since October 14, 1981, following the assassination of former President Mohammed Anwar El-Sadat.