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

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.[2] 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]

References

  1. 1 2 Matt Bradley (6 January 2013). "Egypt Shakes Up Cabinet". The Wall Street Journal. Retrieved 4 February 2013.
  2. 1 2 3 "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. 1 2 Enein, Ahmed Aboul (6 January 2013). "New faces likely in Cabinet" (PDF). Daily News Egypt. Retrieved 3 February 2013.
  5. 1 2 "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.
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