Egypt fires finance, interior ministers before IMF visit



Reuters

Published — Sunday 6 January 2013

Last update 6 January 2013 12:33 pm

| نسخة PDF Print News | A A

CAIRO: Egypt’s Islamist President Mohamed Mursi fired his finance and interior ministers, cabinet sources said on Saturday, in a government reshuffle he had promised to assuage public anger at an economic crisis.
General Mohamed Ibrahim will replace Ahmed Gamal El-Din as interior minister and Al-Mursi Al-Sayed Hegazy takes the finance ministry job from Mumtaz Al-Saaed.
Egypt’s pound, 10 percent down since the 2011 uprising that toppled Hosni Mubarak, lost more than 3 percent against the dollar in the week ending on Thursday, hitting a record low as fears grew over its rapidly shrinking foreign currency reserves.
The International Monetary Fund (IMF) said it is sending its Middle East and Central Asia director, Masood Ahmed, to discuss a postponed $4.8 billion loan agreement and “possible IMF support for Egypt” with officials on Monday.
Loan talks were delayed last month at Cairo’s behest because of unrest in which 11 people died and hundreds were injured in anti-Mursi protests.
State-run Egyptian newspaper Akhbar Al-Youm said earlier on Saturday that Ahmed would meet Mursi, Prime Minister Hashim Kandil and other top officials.

Brotherhood ministers
State news agency MENA said 10 new ministers would be sworn in on Sunday for portfolios including electricity, environment, communications and transport.
According to cabinet sources, at least three of the new ministers are from Mursi’s Freedom and Justice Party, the political wing of the Muslim Brotherhood group.
“The Brotherhood new ministers are the ones handling the portfolios of transport, local development and supplies,” one cabinet source said.
A Brotherhood official, who asked not to be named, declined to say how many of the new ministers are from the Brotherhood but said that the finance minister is “considered close to us due to his field of experience in Islamic finance.”
A spokesman for the main opposition bloc, The National Salvation Front, said the group was still studying the new appointments and would give its reaction to the moves later.
Egypt’s opposition youth group, April Six, said in a statement that the changes were not enough and “will not solve (Egypt’s problems).”
Most opposition groups had asked for the whole cabinet to be sacked and replaced by one that would include more technocrats and represent all political parties.

What's happening around Saudi Arabia

RIYADH: Foreign Minister Adel Al-Jubeir has denounced “aggressive statements” by Iran, after Tehran accused Bahrain of stoking Gulf tensions by making unfounded allegations against it.“This is unacceptable to us,” the minister said at a joint news co...
DAMMAM: A wanted terrorist was killed during a gunfight in the town of Al-Qudayh in the Eastern Province on Sunday, police said.Qatif police received a report that a Saudi man suffered gunshots and was taken to Modhar Dispensary in Al-Qudayh by his b...
JEDDAH: The Saudi security forces have thwarted nearly 18,000 infiltration attempts on the Kingdom’s border with Yemen since the launch of Operation Decisive Storm in March. “The number of infiltration attempts foiled by the security authorities sinc...
ABHA: Several Saudi businesswomen started traveling with a group of friends after recent regulations which allow women to travel without their mahram. These women said they find great fun to travel as a group with their friends and their children, wh...
RIYADH: The United Nations, Arab League and Gulf Cooperation Council welcomed the Kingdom-led coalition’s announcement of a five-day cease-fire, that took effect at midnight on Sunday, to push humanitarian relief in war-ravaged Yemen to the beleaguer...
ALKHOBAR: Jobless Saudi women constitute 70 percent of the unemployed. The Ministry of Economy and Planning said 58 percent of the jobless have preparatory school level education. According to the statistics, the annual unemployment growth rate among...
RIYADH: Saudi Arabia has found traces of a civilization that was domesticating horses about 9,000 years ago, 4,000 years earlier than previously thought. The discovery has shed new light on the origin of the Arabian horse, which has remained a great...
RIYADH: The Ministry of Labor in the Makkah region found 250 laborers working on various construction projects during restricted hours of the day. Punitive measures will be taken against the employers of these workers. According to a ministerial decr...
JEDDAH: When poverty is your guest for 15 years, gardens, parks, streets and pavements become your abode under the unavoidable scorching sun. One has to face hardships of hunger and survive on breadcrumbs. This is the situation of a 60-year-old Saudi...
JEDDAH: The negative attitudes of society in dealing with harassment and abuse cases prevent victims from reporting a great number of such cases to the authorities.Despite this, about 3,982 cases reached the country's criminal courts in 1435 and 1436...
AL-QATIF: The Omani security forces have arrested a man who, they said, accidentally fired a bullet that hit a young Saudi girl in a hotel in Musandam on Saturday. Four-year-old Zainab bint Mohammed Labad of Al-Awamiyah was playing in the hotel lobby...
Ramon Corvera, deputy chief of mission at the Argentinian Embassy in Riyadh.* Which particular aspect of Saudi Arabia you like the most? The natural beauty of the desert.* What is your favorite and oft-repeated Arabic word? Masha’Allah.* Which book i...
JEDDAH: The creativity and entrepreneurship community program of Umm Al-Qura University brought together 80 creative entrepreneurs to exchange their experiences and knowledge on Monday. Fawaz Saad, the dean of the institute for innovation and entrepr...
RIYADH: The August issue of ‘Nature’, the monthly magazine of King Abdulaziz City for Science and Technology (KACST), will focus on Middle East Respiratory Syndrome (MERS) corona, which has affected 1,055 people in the Kingdom since June 2012.The to...
LILLE, France: Saudi Arabia’s firm stand against the phenomenon of violence as well as religious, ethnic and cultural fanaticism came in for praise at an international symposium, which concluded here.The participants of the symposium on "Media Covera...

Stay Connected

Facebook