The environment within which the new Egyptian president and his supporters are operating is facing a series of crises and challenges emerging on both domestic and foreign levels. At the forefront of these crises is the economy alongside a heavy inherited legacy of political crises and social and security problems. In addition, there is an atmosphere of regional and international anxiety over the rise of political Islam and of the victory of the Muslim-Brotherhood-affiliated Morsi. The study tries to reread the interactions concerning the legal, institutional, and administrative framework which governs the operation of the Egyptian presidency, and casts light on President Morsi's dealings with the army and the Supreme Council of the Armed Forces during the transitional period, as well as his dealings with foreign policy issues. It does this by examining the political messages President Morsi tried to send to various parties at home and abroad through some initiatives and reactions that accompanied or arose out of regional and global challenges.