Index Investing News
Wednesday, May 14, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Egypt is snubbing the US — so why has Biden come to its rescue?

by Index Investing News
September 14, 2024
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter



Egyptian President Abdel Fattah al-Sisi made a idiot of america — and the Biden-Harris administration rewarded him for his ridicule. 

Final Sunday, the Nationwide Curiosity reported that Egypt is ditching US F-16 fighter jets for his or her Chinese language competitor, the J-10C. The US had provided to improve Egypt’s getting older fleet of F-16s. Sisi mentioned no, and selected China as an alternative.

On the face of issues, Egypt’s betrayal is unnecessary. A 12 months in the past, Egypt was on the point of insolvency. Its exterior debt made up 46% of its GDP.

Its native foreign money was a joke and inflation charges of 35% (70% for foodstuffs) was making it unimaginable for the Egyptian center class to make it by the month.

Egyptian Pres. Abdel Fattah el-Sisi is shopping for billions of {dollars} of weapons from China in a significant snub to the nation’s largest patron, the US, in response to studies. Getty Photographs

Thanks largely to the Biden-Harris administration, Egypt’s monetary woes are actually a factor of the previous. In March, at Washington’s urging, the Worldwide Financial Fund accredited a protracted delayed $8 billion mortgage to Egypt.

That mortgage persuaded the EU to supply Egypt with loans and grants totaling one other $8 billion shortly thereafter.

Had the US not been concerned, given the Sisi regime’s failed financial management, none of that money would have discovered its method to Egypt.

Prior to now, the US may have been anticipated to reply to Egypt’s slap within the face by suspending its annual $1.3 billion army support bundle.

If the Egyptians choose the Chinese language, then the Chinese language may give them handouts.

As a substitute, Wednesday the State Division introduced that for the primary time in three years, it’s going to hand over all the sum with no strings hooked up.

Between 2021-2023, the US withheld tons of of thousands and thousands of {dollars} in army support to Cairo because of the Sisi regime’s awful human rights report.

With it’s weak function within the Israel-Hamas struggle, Egypt was on the point of financial collapse till the Biden Administration bafflingly threw it a lifeline, critics declare. REUTERS

However mere days after Cairo opted to go along with Washington’s chief superpower rival to modernize its air pressure, the State Division introduced that it’s rewarding Egypt for its treachery.

“This determination is vital to advancing regional peace and Egypt’s particular and ongoing contributions to US nationwide safety priorities, notably to finalize a cease-fire settlement for Gaza, deliver the hostages dwelling, surge humanitarian help for Palestinians in want, and assist deliver an everlasting finish to the Israel-Hamas battle.”

This State Division announcement holds the important thing to understanding why Egypt isn’t nervous about double-crossing Washington.

Because it turns inward to China and away from the US, Egypt is ditching its fleet of American-made F-16 figter-jets. AP

Removed from rewarding Egypt for its actions since Hamas invaded Israel on Oct. 7, the US ought to have sanctioned it.

With out Egypt, Hamas would by no means have been in a position to construct up the huge arsenal of missiles and weapons that it used to invade Israel on Oct. 7, and to wage struggle in opposition to Israel till right this moment. 

Since Israel seized management over the Gaza aspect of the Gaza-Egypt border in Might, its forces have found greater than 50 subterranean tunnels that cross into Egypt.

One such tunnel was 10 toes tall and broad sufficient for a truck to drive by. 

The Biden-Harris administration offered Egypt with $1.3 billion in support. REUTERS

The Egyptian aspect of the border is managed by a consortium known as the al-Organi Group. Egyptian President Sisi’s son, Common Mahmoud Sisi, is a silent associate in Organi’s operations.

These embody getting paid tens of thousands and thousands of {dollars} for all items and other people traversing the border with Gaza.

Hamas is the official Palestinian department of the Muslim Brotherhood. Sisi rose to energy in 2013 by ousting the Muslim Brotherhood regime from energy they usually stay mortal enemies.

Begin your day with all you might want to know

Morning Report delivers the newest information, movies, pictures and extra.

Thanks for signing up!

Given this, the Egyptian president may have been anticipated to face with Israel in opposition to Hamas. However the reverse has been the case.

Because the outset of the struggle, Sisi and his senior officers have repeatedly threatened to abrogate Egypt’s 1979 peace treaty with Israel if Israel fails to relent in its struggle effort. 

America’s relationship with Egypt is rooted in that peace treaty. Washington brokered it. The Biden-Harris workforce may have been anticipated to react with fury to Sisi’s threats.

Egypt has opted to order Chengdu J-10 jet fighters comparable to these as an alternative of their American-made counterparts, in response to studies. Getty Photographs
An Israeli soldier stands in an underground tunnel discovered beneath Shifa Hospital in Gaza Metropolis. AP

However simply as was the case with the F-16 snub, so right here, the alternative occurred.

The administration responded to Sisi’s open animosity and fixed threats to Israel by rewarding and praising him as its key associate. 

Sisi moved from siding with Hamas in opposition to Israel to standing with China in opposition to the US.

And the administration responded by giving him $1.3 billion in unconditional army help (whereas sustaining its unofficial embargo of offensive ordnance in opposition to Israel). 

The message he acquired and acted on is apparent: Below Joe Biden and Kamala Harris, standing with America is for suckers.  



Source link

Tags: BidenEgyptrescuesnubbing
ShareTweetShareShare
Previous Post

US economic system is heading for delicate touchdown, FT survey says

Next Post

PM Narendra Modi says easing export guidelines on basmati rice, onions will enhance farmers’ revenue, create rural jobs

Related Posts

Trump accepting monetary presents from Qatar is without doubt one of the some ways he can damage his legacy

Trump accepting monetary presents from Qatar is without doubt one of the some ways he can damage his legacy

by Index Investing News
May 14, 2025
0

Through the years, quite a few research, speeches and books have centered on a phenomenon often known as self-sabotage. The...

The time is correct for a reset of India’s commerce ties with China

The time is correct for a reset of India’s commerce ties with China

by Index Investing News
May 14, 2025
0

The previous few days have seen notable shifts of geopolitical and commerce significance. Prime Minister Narendra Modi has reset pink...

The Deep State Goes Viral – FREEDOMBUNKER

The Deep State Goes Viral – FREEDOMBUNKER

by Index Investing News
May 13, 2025
0

Through The Brownstone Institute,The next is Jeffrey Tucker’s Foreword introduction to Debbie Lerman’s new e book, The Deep State Goes Viral:...

South Africa’s actual disaster: Mr President, it’s time for a household assembly

South Africa’s actual disaster: Mr President, it’s time for a household assembly

by Index Investing News
May 14, 2025
0

South Africa is standing at a essential crossroads.The latest headlines have been dominated by the outcry over just a few...

A month on from Liberation Day, what do traders know for sure?

A month on from Liberation Day, what do traders know for sure?

by Index Investing News
May 13, 2025
0

Greater than a month on from Trump’s 'liberation day' tariffs, which brought on shockwaves globally, the mud is settling, however...

Next Post
PM Narendra Modi says easing export guidelines on basmati rice, onions will enhance farmers’ revenue, create rural jobs

PM Narendra Modi says easing export guidelines on basmati rice, onions will enhance farmers' revenue, create rural jobs

Disney, DirecTV attain deal, restoring programming for 11 million satellite tv for pc TV viewers By Reuters

Disney, DirecTV attain deal, restoring programming for 11 million satellite tv for pc TV viewers By Reuters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Conservatives are trying to stoke fascist violence towards trans People, and it is working

Conservatives are trying to stoke fascist violence towards trans People, and it is working

June 20, 2022
COMMENT: Harber takes side swipes while an industry is on its knees

COMMENT: Harber takes side swipes while an industry is on its knees

July 21, 2023
Belgian bishop declines cardinal honor over abuse file

Belgian bishop declines cardinal honor over abuse file

June 17, 2022
Belgium vs England LIVE: Women’s Nations League result and reaction as Wullaert scores late winning penalty

Belgium vs England LIVE: Women’s Nations League result and reaction as Wullaert scores late winning penalty

October 31, 2023
Come to our live taping in New York City!

Come to our live taping in New York City!

December 6, 2022
OPNX exchange bids for crypto lender Hodlnaut in Singapore: Report

OPNX exchange bids for crypto lender Hodlnaut in Singapore: Report

August 6, 2023
Five International Movies to Stream Now

Five International Movies to Stream Now

May 5, 2023
Halliburton targets Israeli energy startups

Halliburton targets Israeli energy startups

May 30, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In