Helmy served as chief executive of Oracle in Egypt until January 2013. On 5 January 2013, Helmy was appointed minister of communications and information technology in a reshuffle to the cabinet of Hisham Qandil. He replaced Hany Mahmoud as minister. Helmy was one of the independent members of the Qandil cabinet. Together with four other ministers Helmy resigned from office on 1 July 2013. He was again appointed minister of communications and information technology on 16 July 2013 to the interim cabinet led by Hazem Al Beblawi.