President Mohamad Morsi Name Morsi Sayed Prime Minister Hesham Qandil Education Alexandria University | Preceded by Momtaz Saeed Succeeded by Fayyad Abdel Moneim 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.
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Education
Hegazy holds a master's degree in economy, which he obtained from Alexandria University in 1976. He received PhD in economics from Connecticut University in 1985.
Career
Hegazy began his career at Alexandria University in 1986 and was a professor of economy there. His speciality is public finance. He is also interested in Islamic finance.
He was appointed finance minister in a reshuffle to the cabinet of Hisham Qandil on 6 January 2013. Hegazy replaced Momtaz El Saeed as finance minister. Hegazy is not a member of any political party. However, he is close to the Muslim Brotherhood group. Hegazy's term ended on 7 May 2013 and he was replaced by Fayyad Abdel Moneim in the post. Hegazy played a significant role in talks with the IMF to secure a $4.8bn loan when he was in office.