Tuesday, July 17, 2018

Gulf states give Egypt $6B in aid

CAIRO: Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt’s central bank Wednesday, the bank’s governor said, a sign the Gulf powers remain committed to propping up the Egyptian economy. “Today ... $2 billion from each state came into the country’s foreign exchange holdings,” Governor Hisham...

Egyptian state takes on independent trade unions

CAIRO — In what many critics see as an effort to eliminate union organization in Egypt and undermine all constitutional articles guaranteeing the right to establish trade unions, the state on March 1 declared that the stamps of independent trade unions will no longer be valid on official documents....

Egypt’s Unlikely Ardor for Trump: Why Cairo Welcomes His Presidency

More than three weeks after the election, the American public remains divided over Donald Trump's surprise victory. Six thousand miles away, however, one U.S. ally has demonstrated a far more unified response. Egyptians, particularly those of a pro-government bent, are among the world’s happiest people about the Trump win. That...

Egypt’s Sisi defends tough but unavoidable economic reforms ahead of IMF loan

Egypt's President Abdel Fattah al-Sisi has defended what he described as "tough but unavoidable" reforms ahead of a $12bn International Monetary Fund loan to revive his country's ailing economy. "The reforms are tough but they're unavoidable to save the economic situation," Sisi said in an interview published on Saturday by...

ISIS posts a new forward command group to Sinai

A group of at least ten ISIS operations and intelligence officers, led by a senior commander, has arrived in Sinai and taken charge of the local Ansar Beit al-Maqdas jihadis, thereby opening up a dangerous new front against Egypt and Israel, in proximity to the Suez Canal, the Gaza...

Egypt relinquishes control of strategic islands

Saudi Arabia and Egypt demarcate maritime boundary, officially putting islands in the Straits of Tiran under Saudi control; implications for Israel-Egypt relations and Israeli shipping still unclear. According to the Egyptian newspaper Al-Youm Al-Sabaa, the Egyptian cabinet announced an agreement with Saudi Arabia on Saturday, delineating the maritime boundaries between...

Red Sea bridge project resurfaces

CAIRO — Egypt and Saudi Arabia have agreed to build a controversial bridge spanning the Red Sea that proponents say could lead Egypt out of its economic crisis. Saudi King Salman bin Abdul-Aziz Al Saud and Egyptian President Abdel Fattah al-Sisi announced April 9 they will build a bridge that...

Egypt to buy S-300 air defense system from Russia

Israeli intelligence official says Jewish state not concerned by weapons deal, as Cairo is not viewed as enemy. Egypt is set to buy the S-300 missile defense system from Russia, a senior Israeli intelligence official told Reuters Wednesday, following an announcement from Moscow last month that it would deliver the advanced...

Egypt’s New Radicalism

The Muslim Brotherhood and Jihad. On a cold night in January, two young Cairene men stormed the Bella Vista hotel in the resort town of Hurghada, in Egypt. They were looking for Russians to kill or kidnap in the name of the Islamic State (also known as ISIS). One attacker drew out a knife and...

The Return of Egypt’s Military Interest Groups

Egyptian President Abdel Fattah el-Sisi amended the powers of the Armed Forces Land Projects Agency, which was set up by presidential decree in 1981 to manage the sale of real estate no longer in use by the armed forces. The latest amendment now additionally empowers the agency to engage...
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Secret Tapes of the 2013 Egypt Coup Plot Pose a Problem for Obama

Ever since the overthrow of Egypt’s elected president, the U.S. administration has tried to avoid the word “coup.” Hard to do that now, but it’s still trying. Pity the poor dictators! What’s a dedicated bunch of military plotters to do when they learn the elected leader they overthrew may have...

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