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.

 

UN Syria peace talks begin in Geneva

Israel to deny Human Rights Watch visas for being ‘biased’

Iraqi forces enter IS-held west Mosul

Suicide bomb attack on rebels kills 51 near Al-Bab

Marrakesh clinches top ranking of African urban life

UN considers Syria sanctions over chemical attacks

Saudi Comic-Con slammed as ‘sin’ in online backlash

Jordanians protest government price hikes

Baghdad coordinated anti-IS airstrikes with Damascus says source

New Hamas Gaza leader makes first public appearance

Palestinian protestors clash with Israeli soldiers in West Bank

Jordanian F-16 crashes in Saudi, pilot survives

Iraqi PM says air force strikes IS targets in Syria

UN slams light sentence for Israeli soldier

Saudi king seeks investment on rare Asia tour

Saudi minister discusses hajj with Iran

136 Turkish diplomats, soldiers seek German asylum since coup

New Hamas ‘strongman’ could spell fresh Israeli conflict

Suicide car bomb kills eight outside Yemen army base

Fired Turkish academics protest ‘unjust’ dismissals

Iraqi forces jovial after Mosul airport entry

Syrian rebels announce capture of flashpoint town from IS

Iraqi forces enter IS-held Mosul airport

Swedish citizen jailed for IS Facebook post

Somalia names new prime minister

Netanyahu backs pardon for Israel soldier who shot Palestinian

UN envoy meets Syrian rivals, hopes of breakthrough slim

Yemeni government forces pin back rebels on coast

Israeli Supreme Court appoints deeply right-wing judges

Hundreds of Australians protest Netanyahu

Yemen rebel fire kills policeman on Saudi border

UN condemns Israel's new West Bank demolition plans

UN envoy says Russia asked Syria to halt bombing during talks

Bahrain arrests 20, approves military trials for civilians

Israel blocks EU lawmakers from Gaza entry

Syrian migrant on trial in Austria over 20 murders

UN says rapes, killings still blight Darfur

Yemen president says Saudi saving $10 bn for reconstruction

Top Yemen commander killed in missile strike

New Somali president says ability to deal with nation's problems 'limited'

Israel lifts ban on basketball team playing in Turkey

Arab League condemns Israeli soldier’s lenient sentence

Turkey lifts ban on Islamic headscarves in army

Israeli ministry orders removal of Haifa ammonia tank

Iraqi forces ready for assault on Mosul airport