Morsi El Sayed Hegazy is an Egyptian academic and economist who as briefly finance minister, from 6 January to 7 May 2013. He was the fifth finance minister of Egypt since 2011.[1]

Morsi El Sayed Hegazy
Minister of Finance
In office
5 January 2013 – 7 May 2013
PresidentMohamad Morsi
Prime MinisterHesham Qandil
Preceded byMomtaz Saeed
Succeeded byFayyad Abdel Moneim
Personal details
Political partyIndependent
Alma materAlexandria University
Connecticut University

Education edit

Hegazy has a master's degree in economics, which he obtained from Alexandria University in 1976.[2] He received a PhD in economics from Connecticut University in 1985.[2][3]

Career edit

Hegazy began his career at Alexandria University in 1986 and was a professor[ambiguous] of economics there.[2] His speciality is public finance.[4] He is also interested in Islamic finance.[1][4]

He was appointed finance minister in a reshuffle to the cabinet of Hisham Qandil on 6 January 2013[5] to replace Momtaz El Saeed.[5][6] Hegazy is not a member of any political party.[7] However, he is close to the Muslim Brotherhood group.[8]

Hegazy's term ended on 7 May 2013 and he was replaced in the post by Fayyad Abdel Moneim.[9] Hegazy played a significant role in talks with the IMF to secure a $4.8bn loan when he was in office.[10]

References edit

  1. ^ a b Matt Bradley (6 January 2013). "Egypt Shakes Up Cabinet". The Wall Street Journal. Retrieved 4 February 2013.
  2. ^ a b c "The appointment of Dr. "El Morsi Hegazy," Finance minister". Alexandria University. Archived from the original on 22 January 2013. Retrieved 3 February 2013.
  3. ^ Stephen Glain (1 February 2013). "Egypt's economy deteriorates amid growing protests against Morsi". Institutional Investor. Retrieved 28 February 2013.
  4. ^ a b Enein, Ahmed Aboul (6 January 2013). "New faces likely in Cabinet" (PDF). Daily News Egypt. Retrieved 3 February 2013.
  5. ^ a b "Egypt cabinet reshuffle seeks to allay fears of economic collapse". Middle East Online. 6 January 2013. Retrieved 3 February 2013.
  6. ^ Borzou Daragahi; Abeer Allam (6 January 2013). "Morsi reshuffles cabinet". Financial Times. Retrieved 3 February 2013.
  7. ^ Hauslohner, Abigail (6 January 2013). "Egypt's Morsi remakes cabinet, increasing Islamist presence". The Washington Post. Archived from the original on 11 January 2013. Retrieved 3 February 2013.
  8. ^ Fouly, Mahmoud (6 January 2013). "Egypt's 10-minister cabinet reshuffle meets with opposition dissatisfaction". Xinhua News Agency. Archived from the original on 27 November 2013. Retrieved 3 February 2013.
    - "News Analysis: Egypt's 10-minister cabinet reshuffle meets with opposition dissatisfaction". JSChina. 6 January 2012. Archived from the original on 4 March 2016. Retrieved 5 March 2013.
  9. ^ "Egypt's Morsi Brings More Islamists into Cabinet". Voice of America. Reuters. 7 May 2013. Retrieved 16 June 2013.
    - "Nine new ministers announced in Egypt cabinet reshuffle". Ahram Online. 7 May 2013. Retrieved 16 June 2013.
  10. ^ Saleh, Heba (7 May 2013). "Egyptian finance minister fired as Morsi reshuffles cabinet". Financial Times. Retrieved 16 June 2013.
Political offices
Preceded by Finance Minister of Egypt
January - May 2013
Succeeded by