InfoAnda - Egypt strengthens Islamist role in cabinet, eyes IMF deal |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Google rejects White House request to pull Mohammad film clip | | 15 September 2012
Tokyo investors 'against cancelling lunch breaks' | 24 September 2010
Family Guy MacFarlane adds his voice to 'Simpsons' gig | | 1 December 2012

'80s icon Rick Springfield bares all, again, in memoir | 13 October 2010

Forum Views () Forum Replies ()

Read more with google mobile : Egypt strengthens Islamist role in cabinet, eyes IMF deal |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Slideshow Best photos of the year 2012 Download our Wider Image iPad app Follow Reuters Facebook Twitter RSS YouTube Read China chills hit 28-year low, trapping ships in ice 05 Jan 2013 Four dead in townhouse shooting in Aurora, Colorado | 05 Jan 2013 "Amour" takes U.S. film critics' top prize as best film 05 Jan 2013 India army kills Pakistan soldier in Kashmir: Pakistan army 9:22am EST French actor Depardieu in Russia to meet Putin 05 Jan 2013 Discussed 147 ”Fiscal cliff” tumble looms despite Senate efforts 119 Gun purchasers set new record in December: FBI 109 House Republicans weigh last-ditch challenge to fiscal deal Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Portfolio: Mike Cassese A showcase of the best images from Reuters photographer Mike Cassese, who passed away on December 27, 2012. Slideshow Ultra-Orthodox yoga A dozen devout Jewish men meet weekly for yoga at a studio near Jerusalem. Slideshow Egypt strengthens Islamist role in cabinet, eyes IMF deal Tweet Share this Email Print Related News Egypt fires finance, interior ministers before IMF visit Sat, Jan 5 2013 Egyptian pound hits new low amid doubts over economy Wed, Jan 2 2013 Egypt's leader sees currency stabilizing "within days" Mon, Dec 31 2012 UPDATE 3-Egypt pound hits record low under new currency regime Sun, Dec 30 2012 Egypt reserves plunge as economic crisis bites Sat, Dec 29 2012 Analysis & Opinion In 2013, the great global unraveling The three 2012 themes that matter most Related Topics Investing and Taxes Simplified » World » Egypt » IMF » Middle East Turmoil » By Tom Perry and Maria Golovnina CAIRO | Sun Jan 6, 2013 7:57am EST CAIRO (Reuters) - Egypt reshuffled its government on Sunday to strengthen Islamist control and pledged to complete talks with the International Monetary Fund on a $4.8 billion loan deal to stave off a currency crisis that risks igniting more unrest. A senior IMF official is due in Cairo on Monday to meet Egyptian leaders over the deal, which was postponed last month to give Egypt more time to tackle political tensions before introducing unpopular austerity measures. Finance minister Al-Mursi Al-Sayed Hegazy was sworn in by President Mohamed Mursi as part of a reshuffle that expanded the Islamist Muslim Brotherhood's direct control over ministries. Mursi fired his finance and interior ministers after promising a reshuffle to assuage anger at an economic crisis which has seen the currency lose more than a tenth of its value since a 2011 uprising toppled Hosni Mubarak. Political unrest over a new Islamist-tinged constitution had delayed tax increases believed to be key to the IMF deal, but in a brief statement to journalists, Hegazy said he was "completely ready to complete discussions" with the Fund. The political conflict triggered lethal street protests last month that added to pressure on the Egyptian pound as speculators worried about the instability began exchanging their local currency for dollars. As he spoke on Sunday, the pound reached a new low, trading at 6.45 to the U.S. dollar. It has lost more than 4 percent of its value against the dollar since the central bank brought in a new system of currency auctions on December 30 in to preserve the country's dwindling foreign reserves. Importers have warned that the weakening currency and uncertainty about how low it will go could lead to sharp rises in the prices of imports including food. Hegazy, who replaces Mumtaaz Al-Saeed, a career bureaucrat, is an Islamic finance expert who teaches economics at Alexandria University. He obtained doctorate in 1985 from the University of Connecticut for a study on how oil contributed to Kuwait's economic growth, according to a copy of his CV sent to Reuters by Alexandria University. It listed two dozen research papers on Islamic economics which he had either written or reviewed. Though he is not a member of the Muslim Brotherhood - the movement that propelled Mursi to power in a June election - he is seen as sympathetic to the group's aims. Mursi swore in a total of 10 new ministers as part of the reshuffle of Prime Minister Hisham Kandil's government. It brought new parts of the bureaucracy under direct Muslim Brotherhood control, including the supply ministry. The new cabinet has a total of eight ministers who are members of the Brotherhood or the Freedom and Justice Party, its political arm, a spokesman for the party said. The previous cabinet had five Brotherhood ministers. "Dr. Mursi would like to be sure that he has a cabinet that shares his major orientations," said Mustapha Kamal Al-Sayyid, a professor of political science at Cairo University. "He wants to be surrounded by like-minded ministers." RESERVES AT CRITICAL LEVEL The IMF signed the loan deal at staff level in November, but final ratification was postponed last month at Cairo's behest because of the unrest set off by Mursi's drive to fast-track a controversial new constitution. Fearing further public anger at the time, Mursi cancelled tax increases believed to be part of a package of austerity measures agreed as part of the IMF deal. The constitution was approved in a popular referendum and signed into law on December 26. The IMF said on Saturday its Middle East and Central Asia director, Masood Ahmed, would visit Cairo to meet with Egyptian officials to discuss recent economic developments and "possible IMF support for Egypt in facing these challenges". The Brotherhood is wary of any government measures that could damage its popularity ahead of parliamentary elections due to get underway by the end of February. The IMF deal is seen as vital for boosting investor confidence and staving off a financial crisis. Having spent more than half the country's foreign exchange reserves defending the pound, the central bank has warned the reserves had fallen to a critical level. Economists say the country's readily available foreign reserves will cover just over two months of imports. The central bank said the reserves had slipped to $15.015 billion in December - little changed from November's level. The pound slid by half a percent on Sunday at the central bank's fifth auction of foreign currency under the new auction system designed to preserve the reserves. The bank sold all of the $60 million it had offered to banks at Sunday's auction. Last week, the bank sold $300 million at four similar auctions which bankers have described as a move towards a free float of the currency. (Additional reporting by Yasmine Saleh and Tom Perry; writing by Tom Perry/Maria Golovnina; editing by Philippa Fletcher) Investing and Taxes Simplified World Egypt IMF Middle East Turmoil Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 6 January 2013
Leaders of two Sudans agree on border buffer zone: mediator |
Syrian army rockets Damascus rebel district |
Honduras removes its ambassador to Colombia amid party scandal |
Boy killed at holiday parade in southern Spain |
Egypt to replace finance and interior ministers: agency |
Libyan policeman shot dead in latest Benghazi attack |
Man arrested after shots fired at Northern Irish police in flag riots |
India army kills Pakistan soldier in Kashmir: Pakistan army |
Islamists pursue own agenda in Iraq's Sunni protests |
Two Chinese women die from H1N1 flu in Beijing: state media |
Indian rape victim's father says he wants her named |
Sudan, South Sudan agree once again to set up buffer zone |
Assad to make rare speech as Syrian rebels draw nearer |
Japan finance minister says won't insist on policy accord with BOJ |
North Korea trip by Richardson, Schmidt set for next week |
Amour takes U.S. film critics' top prize as best film |
Netanyahu tries to hold back far-right surge before Israel votes |
U.S. drone attack kills 10 in Pakistan: intelligence sources |
Head of Libya's parliament survives assassination attempt |
Double suicide attack kills four in Afghan south |
Northern Irish paramilitaries hijacking flag protests: police federation |
Italy's center-left leads in three-way race ahead of February vote |
Egypt strengthens Islamist role in cabinet, eyes IMF deal |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01