Morsi El Sayed Hegazy

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Morsi El Sayed Hegazy
Minister of Finance
In office
5 January 2013 – 7 May 2013
President Mohamad Morsi
Prime Minister Hesham Qandil
Preceded by Momtaz Saeed
Succeeded by Fayyad Abdel Moneim
Personal details
Political party Independent
Alma mater Alexandria University
Connecticut University

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


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


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

He was appointed finance minister in a reshuffle to the cabinet of Hisham Qandil on 6 January 2013.[5] Hegazy replaced Momtaz El Saeed as finance minister.[5][6] Hegazy is not a member of any political party.[7] However, he is close to the Muslim Brotherhood group.[8][9] Hegazy's term ended on 7 May 2013 and he was replaced by Fayyad Abdel Moneim in the post.[10][11] Hegazy played a significant role in talks with the IMF to secure a $4.8bn loan when he was in office.[12]


  1. ^ a b "Egypt Shakes Up Cabinet". The Wall Street Journal. Cairo. 6 January 2013. Retrieved 4 February 2013. 
  2. ^ a b c "The appointment of Dr. "El Morsi Hegazy," Finance minister". Alexandria University. Retrieved 3 February 2013. 
  3. ^ "Egypt's economy deteriorates amid growing protests against Morsi". Institutional Investor. 1 February 2013. 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. Cairo. Retrieved 3 February 2013. 
  7. ^ Hauslohner, Abigail (6 January 2013). "Egypt’s Morsi remakes cabinet, increasing Islamist presence". The Washington Post. Cairo. Retrieved 3 February 2013. 
  8. ^ Fouly, Mahmoud (6 January 2013). "Egypt's 10-minister cabinet reshuffle meets with opposition dissatisfaction". Xinhua. Retrieved 3 February 2013. 
  9. ^ "News Analysis: Egypt's 10-minister cabinet reshuffle meets with opposition dissatisfaction". JSChina. Cairo. 6 January 2012. Retrieved 5 March 2013. 
  10. ^ "Egypt's Morsi Brings More Islamists into Cabinet". Voice of America. Reuters. 7 May 2013. Retrieved 16 June 2013. 
  11. ^ "Nine new ministers announced in Egypt cabinet reshuffle". Ahram Online. 7 May 2013. Retrieved 16 June 2013. 
  12. ^ Saleh, Heba (7 May 2013). "Egyptian finance minister fired as Morsi reshuffles cabinet". Financial Times. Cairo. Retrieved 16 June 2013. 
Political offices
Preceded by
Momtaz El Saeed
Finance Minister of Egypt
January - May 2013
Succeeded by
Fayyad Abdel Moneim