Morsi El Sayed Hegazy Explained

Office:Minister of Finance
Primeminister:Hesham Qandil
President:Mohamad Morsi
Term Start:5 January 2013
Term End:7 May 2013
Successor:Fayyad Abdel Moneim
Party:Independent
Alma Mater:Alexandria University
Connecticut University

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]

Education

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

Career

Hegazy began his career at Alexandria University in 1986 and was a professor 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]

Notes and References

  1. News: Egypt Shakes Up Cabinet. 4 February 2013. The Wall Street Journal. Matt Bradley. 6 January 2013. subscription.
  2. Web site: The appointment of Dr. "El Morsi Hegazy," Finance minister. Alexandria University. 3 February 2013. 22 January 2013. https://web.archive.org/web/20130122034344/http://www.alexu.edu.eg/index.php/en/university-news/85-important-news/5465-the-appointment-of-dr-el-morsi-hegazy,-finance-minister. dead.
  3. News: Egypt's economy deteriorates amid growing protests against Morsi. 28 February 2013. Institutional Investor. Stephen Glain. 1 February 2013.
  4. News: Enein. Ahmed Aboul. New faces likely in Cabinet. 3 February 2013. Daily News Egypt. 6 January 2013.
  5. News: Egypt cabinet reshuffle seeks to allay fears of economic collapse. 3 February 2013. Middle East Online. 6 January 2013.
  6. News: Morsi reshuffles cabinet. 3 February 2013. Financial Times. 6 January 2013. Borzou Daragahi. Abeer Allam. subscription.
  7. News: Hauslohner. Abigail. Egypt's Morsi remakes cabinet, increasing Islamist presence. https://web.archive.org/web/20130111145512/http://articles.washingtonpost.com/2013-01-06/world/36208853_1_imf-loan-islamists-mahmoud-ghozlan. dead. 11 January 2013. 3 February 2013. The Washington Post. 6 January 2013.
  8. News: Fouly. Mahmoud. Egypt's 10-minister cabinet reshuffle meets with opposition dissatisfaction. 3 February 2013. Xinhua News Agency. 6 January 2013. dead. https://web.archive.org/web/20131127032951/http://news.xinhuanet.com/english/world/2013-01/07/c_132084440.htm. 27 November 2013.
    - News: News Analysis: Egypt's 10-minister cabinet reshuffle meets with opposition dissatisfaction. 5 March 2013. JSChina. 6 January 2012. 4 March 2016. https://web.archive.org/web/20160304000933/http://english.jschina.com.cn/20946/201301/t1113439.shtml. dead.
  9. News: Egypt's Morsi Brings More Islamists into Cabinet. 16 June 2013. Voice of America. 7 May 2013. Reuters.
    - News: Nine new ministers announced in Egypt cabinet reshuffle. 16 June 2013. Ahram Online. 7 May 2013.
  10. News: Saleh. Heba. Egyptian finance minister fired as Morsi reshuffles cabinet. 16 June 2013. Financial Times. 7 May 2013. subscription.

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