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.

 

Concern and grief as Britain remembers 2005 terror bombings

Iran nuclear talks: Will Ministers score diplomatic success?

Deadly US raids target ISIS stronghold in Syria

After Tunisia beach massacre, tourists switch to other destinations

Near Gaza Strip, Israelis live in fear behind concrete walls

Tunisia declares state of emergency after beach massacre

Erdogan moots possibility of snap election

Coalitions of Syria rebels battle regime forces in Aleppo

Lawlessness in Libya poses real danger for Tunisia

Hezbollah backs Syria army in major assault on border city

Syria mosque explosion kills at least 25 Nusra fighters

Egypt President in Sinai after jihadist attacks on security forces

Yemen Huthi rebels ‘attack’ various areas in Saudi Arabia

No guarantee of success as Iran nuclear talks inch closer to lasting deal

Egypt ‘in state of war’ on second anniversary of Islamist ouster

Ansar al-Sharia denies killing of Abu Iyadh in US air strike

Rockets from Sinai strike Israel

Palestinians arrest 100 Hamas members in West Bank

Erdogan inaugurates public mosque in palace

Islamists form alliance in battle for Aleppo

Top Tunisian jihadist reportedly killed by US strike in Libya

Emir attends joint Shiite, Sunni prayers in Kuwait

Hamas denies involvement in Sinai attacks

4 Qaeda suspects killed in US drone attack in Yemen

'Series of errors' behind Air Algerie crash in Mali

Ankara has no plans for imminent intervention in Syria

21 killed in clashes, strikes in Yemen's Aden

GCC states vow united stand against IS mosque bombings

Palestinians protest one year after teenager burned alive

Egypt vows to wipe out 'dens of terror'

Tunisia arrests eight in connection with beach massacre

Youth in Tunisia 'ripe for radicalisation'

UN sends mission to 'assess' South Sudan atrocities

Syria urges citizens to enlist

AQAP step up campaign to eradicate qat

Iraq Christians train for jihad against IS

British FM: 'No breakthrough yet' in Iran nuclear talks

UN imposes first sanctions on six South Sudan generals

Libya rival governments will not return to peace talks

Fighting rages in Yemen’s Aden

Egypt government adopts anti-terror law

Kurds warn Turkey against any ‘aggression’ in Syria

Kuwait makes DNA tests mandatory after suicide bombing

Kuwait parliament approves deficit budget on oil slide

Pro-Erdogan candidate becomes new speaker of Turkey parliament