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

Education

Hegazy has a master's degree in economics, which he obtained from

Alexandria University Alexandria University () is a public university in Alexandria, Egypt. It was established in 1938 as a satellite of Fouad University (the name of which was later changed to Cairo University), becoming an independent entity in 1942. It was known as ...

in 1976. He received a PhD in economics from Connecticut University in 1985.

Career

Hegazy began his career at Alexandria University in 1986 and was a professor of economics there. His speciality is public finance. He is also interested in

Islamic finance Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some ...

. He was appointed finance minister in a reshuffle to the cabinet of

Hisham Qandil Hesham Mohamed Qandil (also spelled: ''Hisham Kandil''; ; born 17 September 1962) is an Egyptian engineer and civil servant who was prime minister of Egypt from 2012 to 2013. Qandil was appointed as prime minister by President Mohamed Mor ...

on 6 January 2013 to replace Momtaz El Saeed. Hegazy is not a member of any political party. However, he is close to

the Muslim Brotherhood The Society of the Muslim Brothers ('' ''), better known as the Muslim Brotherhood ( ', is a transnational Sunni Islamist organization founded in Egypt by Islamic scholar, Imam and schoolteacher Hassan al-Banna in 1928. Al-Banna's teachings sp ...

group. Hegazy's term ended on 7 May 2013 and he was replaced in the post by

Fayyad Abdel Moneim Fayyad Abdel Moneim (born 1957) is an Egyptian academic and economist who served as finance minister briefly from 7 May to 16 July 2013. Early life and education Moneim was born in 1957. He received a bachelor's degree in commerce in 1980. He ho ...

. Hegazy played a significant role in talks with the IMF to secure a $4.8bn loan when he was in office.

References

{{DEFAULTSORT:Hegazy, Morsi El Sayed Living people Alexandria University alumni University of Connecticut alumni Academic staff of Alexandria University 20th-century Egyptian economists Ministers of finance of Egypt Qandil Cabinet 21st-century Egyptian politicians Year of birth missing (living people) 21st-century Egyptian economists