First Published: 2013-01-06

 

Egypt cabinet reshuffle seeks to allay fears of economic collapse

 

Key interior, finance ministries look set to change hands in Egyptian government reshuffle expected to be announced.

 

Middle East Online

Political and economic challenges

CAIRO - The key interior and finance ministries look set to change hands in an Egyptian government reshuffle expected to be announced on Sunday, the official MENA news agency reported.

The agency said Saturday it had learned that Finance Minister Mumtaz al-Said, a key point man in talks with the International Monetary Fund for a $4.8-billion loan, will be replaced by economist El-Morsi El-Sayed Hegazy.

Interior Minister Ahmed Gamaleddin will be replaced by police General Mohammed Ibrahim, currently one of his deputies who is in charge of prisons, a ministry source said.

Another eight portfolios are also expected to change hands, among them Civil Aviation, Communications, Electricity, Environment, Regional Development and Transport.

Islamist President Mohamed Morsi said on December 26 he would reshuffle the government led by Prime Minister Hisham Qandil, following the approval in a referendum of a new constitution for Egypt.

He said the aim of the reshuffle would be to tackle the country's troubled economy with its rising budget deficit and falling national currency, the Egyptian pound.

MENA said that the new cabinet team will be sworn in on Sunday.

Two ministers have already stepped down since late December, in a sign of divisions within the ranks of Qandil's cabinet.

Mohammed Mahsoub, the legal and parliamentary affairs minister, quit on December 27, two days after communications minister Hany Mahmud.

 

Air strikes kill at least 46 in Syria's Idlib

Libya loyalist forces capture Sirte

Kerry accuses right-wing Israelis of sabotaging peace process

Nigeria and Morocco agree joint venture to link Africa to Europe

Moroccan TV programme on battered women provokes outcry

Israel government nears deal that could 'legalise' settler homes

Yemen's Hadi would only give way to 'elected' leader

Russia says medic killed, others injured in Aleppo fighting

Greek court rejects extradition of Turkey officers

Sudan court frees 26 protesters

Syria rebels to reject Aleppo withdrawal plan

Israeli envoy to Turkey resumes work after 2010 fallout

New Iraqi law legitimising militias sparks controversy

Israel lifts ban on parcel post to Gaza

Russia, US to hold talks on rebel pullout from Aleppo

UN appeals for $22.2 billion in global aid

China warns against obstruction of Iran nuclear deal

First buses take Aleppo residents back to ruined homes

Kurdish restrictions cause ‘unnecessary harm’ to Iraq Yazidis

Heavy fighting shakes eastern Aleppo as army advances

Blocked news website accuses Qatar government of censorship

Yemen prepares assault on Iran backed rebels near key strait

Palestinian Fatah conference ends with boost for Abbas

Egypt court strikes down part of protest law

Syria army advances deeper into east Aleppo

US rules out military intervention in Libya

Saudi Arabia names new Labour Minister, reshuffles councils

Eight arrested in Morocco over alleged ties with IS

Syria regime seizes half of rebel parts of Aleppo

Europol warns of changing IS tactics

Palestinian contenders for Fatah posts set to declare

Protests erupt in Istanbul over ‘Aleppo massacre’

Aleppo family reunited after war kept them apart for months

Syria rebels put up fight for key Aleppo district

Obama unlikely to act on Israel-Palestine before leaving office

UN says torture 'widespread' after Turkey coup

International push aims to protect endangered heritage

Journalist's body found shot in Iraq’s Kurdish region

Iran urges Kenya to release two of its citizens

Morocco business diplomacy at heart of strategy to rejoin African Union

Turkish prosecutor calls for drop of Gaza ship charges against Israelis

Iran preparing ‘appropriate’ response to US sanctions renewal

Saudi government detects fresh hacking attempts

Qarawiyyin library holds written wonders

Putin getting admirers from US to Europe to Syria