Egypt Coup Earns $8 Billion Reward From Neighboring States
Saudi Arabia and the United Arab Emirates have given Egypt $8 billion in cash, loans and fuel since military leaders arrested President Mohamed Morsi and shot dead dozens of his supporters.
Saudi Arabia and the United Arab Emirates have given Egypt $8 billion in cash, loans and fuel since military leaders arrested President Mohamed Morsi and shot dead dozens of his supporters.
Morsi’s government has since been replaced with one led by powers left over from the old Hosni Mubarak regime, along with a mixed bag of religious fundamentalists and secular liberals. Adli Mansour, the man nominally in charge, has called for parliamentary elections in six months.
The United States gives Egypt about $1.5 billion in aid every year, most of which helps pay for the military. That number is dwarfed by loans and gifts just released by neighboring Saudi Arabia and the nearby UAE. Reuters reports that both countries have been openly supportive of the coup.
Reuters:
Wealthy Gulf Arab states, long suspicious of the Muslim Brotherhood, have shown fewer reservations. The United Arab Emirates offered a grant of $1 billion and a loan of $2 billion. Saudi Arabia offered $3 billion in cash and loans, and an additional $2 billion worth of much-needed fuel.
In a further demonstration of its support, UAE Foreign Minister Abdullah bin Zayed visited Egypt on Tuesday, the most senior foreign official to arrive since Mursi’s removal.
— Posted by Peter Z. Scheer
Your support is crucial...As we navigate an uncertain 2025, with a new administration questioning press freedoms, the risks are clear: our ability to report freely is under threat.
Your tax-deductible donation enables us to dig deeper, delivering fearless investigative reporting and analysis that exposes the reality beneath the headlines — without compromise.
Now is the time to take action. Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and uncover the stories that need to be told.
Middle East
Amid a severe drought, Afghan scientists are asking the international community to engage with the brutal new regime.
"Humanitarian catastrophe” unfolds in Idlib province as Russia-backed effort displaces hundreds of thousands, including 500,000 children.
The recent sexual abuse scandal involving Oxfam throws light on the potential for corruption among charitable organizations.
Prior to the meeting, President Trump cut nearly $100 million in military and economic aid and delayed almost $200 million more.
While some small European countries are donating more than their fair share to aid Syrians, the U.S., Saudi Arabia and Russia are still far behind.
As violence in the region escalates, congressional sources are describing the huge reduction in economic aid for the West Bank and Gaza as a "message" to Palestinian Authority President Mahmoud Abbas.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.