News / Middle East

Morsi Expands Brotherhood Influence in Egyptian Cabinet

In this image released by the Egyptian Presidency, President Mohammed Morsi, center, meets with his Cabinet including new ministers at the presidential palace in Cairo, January 6, 2013.
In this image released by the Egyptian Presidency, President Mohammed Morsi, center, meets with his Cabinet including new ministers at the presidential palace in Cairo, January 6, 2013.
VOA News
Egypt's Islamist President Mohamed Morsi has expanded the number of Muslim Brotherhood ministers in his Cabinet as part of a reshuffle aimed at improving the government's handling of an economic crisis.

Ten Egyptian ministers were sworn in on Sunday, three of them members of  Morsi's Muslim Brotherhood movement. A Brotherhood spokesman said the reshuffle increases the number of Brotherhood Cabinet ministers from five to eight.

Morsi also appointed a Brotherhood-allied expert in Islamic finance as the new finance minister. El-Morsi Hegazy replaces former finance minister Mumtaz el-Said, whom the Brotherhood had accused of being too close to the Egyptian military, which ruled the country for more than a year before handing power to Morsi in June.

In another key appointment, Morsi named a new interior minister, Mohammed Ibrahim, to replace Ahmed Gamal Eddin, who was criticized for his handling of last month's violent street protests for and against Egypt's new Islamist-backed constitution.

Morsi promised a Cabinet reshuffle last month as part of a plan to restore confidence in the economy, which has seen a slump in foreign tourism and investment due to political instability since the 2011 ouster of longtime president Hosni Mubarak in a popular uprising.

Egypt also has been suffering a currency crisis that has seen the Egyptian pound weaken to eight-year lows against the dollar. Egypt's central bank has spent billions of dollars to support the value of the pound since 2011, leaving its foreign reserves at what it calls a "critical" level. In a report Sunday, the central bank said Egypt's foreign reserves were just above $15 billion in December, a slight decline from the previous month.

Morsi also is under pressure to raise taxes and introduce other austerity measures in exchange for a $4.8 billion loan from the International Monetary Fund. An IMF official is due in Cairo on Monday to discuss terms of the loan with Egyptian officials. Egypt reached a preliminary agreement on the loan in November but delayed finalizing the deal last month as it focussed on dealing with the protests over the constitution.

You May Like

Turkey's Controversial Reform Bill Giving Investors Jitters

Homeland security reform bill will give police new powers in search, seizure, detention and arrests, while restricting the rights of suspects, their attorneys More

Audio Slideshow In Kenyan Prison, Good Grades Are Path to Freedom

Some inmates who get high marks could see their sentences commuted to non-custodial status More

'Rumble in the Jungle' Turns 40

'The Champ' knocked Foreman out to regain crown he had lost 7 years earlier when US government accused him of draft-dodging and boxing officials revoked his license More

This forum has been closed.
Comment Sorting
Comments
     
by: ali baba from: new york
January 07, 2013 6:58 AM
moersi made his mind to convert the country into Islamic state. the west should not tolerate that. Us has to cut all aids to Egypt. IMF has to deny the Egypt request o f Egypt for loans. Tourist has to boycott Egypt .until a secular Gov. is established .so the west can business .instead to deal with psychopath Muslim brotherhood

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Victorious Secularists Face Challenge to Form Government in Tunisiai
X
Henry Ridgwell
October 30, 2014 11:39 PM
Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Victorious Secularists Face Challenge to Form Government in Tunisia

Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Africa Tells its Story Through Fashion

In Africa, Fashion Week is a riot of colors, shapes, patterns and fabrics - against the backdrop of its ongoing struggle between nature and its fast-growing urban edge. How do these ideas translate into needle and thread? VOA’s Anita Powell visited this year’s Mercedes Benz Fashion Week Africa in Johannesburg to find out.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.

All About America

AppleAndroid