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L'Egypte attend une aide d'une valeur totale de 9,1 milliards de dollars de la part des pays du Golfe

Egypt is expecting an aid package worth a total of $9.1 billion from Gulf countries within a few weeks, including $2.9 billion from the United Arab Emirates, as part of a development assistance agreement signed after the July 3 coup.

Egypt's Al-Ahram reported the news on Tuesday quoting an "informed government source", stating that UAE Minister of State Sultan Ahmad Algaber is due in Egypt to follow up on the $1 billion of the pledged out of the $4.9 billion fuel and gas deal that has already been paid.

The source also claimed that Hussein Alnuwais, chairman of UAE's Khalifah Monetary Fund, is preparing to send a further $200 million fund for small and medium Egyptian enterprises.

Additionally, the Saudi Development Fund, the Islamic Bank for Development and the Kuwaiti Fund are expected to discuss loans worth $2 billion for Egypt.

Egypt has so far officially received over $11 billion in aid from Gulf Arab states since the coup that ousted elected president Mohamed Morsi, although some claim this figure is closer to $16 billion.

 
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Le Congrès américain a adopté une loi qui permet à la Maison Blanche de transférer plus d'un milliard de dollars d'aide à l'Egypte.

Le Congrès américain a adopté une loi qui permet à la Maison Blanche de transférer plus d'un milliard de dollars d'aide à l'Egypte. | Égypt-actus | Scoop.it
The US Congress has passed legislation that allows the White House to transfer more than $1 billion in aid money to Egypt. Experts say that Washington is prioritizing Mubarak-era security arrangements over democracy.
As Egypt's controversial political transition moves forward under the watchful eye of a military-backed interim government, the United States faces a dilemma over whether to embrace General Abdel-Fattah el-Sissi or risk jeopardizing its relations with Cairo, a key strategic ally in the Middle East.
So far, the White House has declined to label General el-Sissi's overthrow of President Mohammed Morsi - Egypt's first democratically elected leader - as a military coup. That's because the US Foreign Assistance Act bars Washington from providing aid money to "any country whose duly elected head of government is deposed by military coup or decree."
By calling Morsi's ouster a coup, the Obama administration would have been obligated to cut $1.5 billion (1.1 billion euros) in aid money to Egypt. A significant portion of that money goes directly to US defense contractors which manufacture weapons systems for Cairo. The money also helps to maintain the 1979 Egypt-Israel peace agreement.
In January, the US Congress passed a spending bill that effectively allows the Obama administration to circumvent the Foreign Assistance Act and transfer aid money to Egypt under the condition that the country makes progress toward democratic governance.
"It's an attempt by the Congress to give more space and freedom to the administration to deal with a government that came to power by a coup," Khalil al-Anani, an Egypt expert with the Middle East Institute in Washington, D.C., told DW.
 
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Une campagne a été lancée par les femmes koweïtiennes pour aider financièrement les villages et les régions pauvres d'Egypte.

Une campagne a été lancée par les femmes koweïtiennes pour aider financièrement les villages et les régions pauvres d'Egypte. | Égypt-actus | Scoop.it

A fundraising campaign from Kuwait to support Egyptian people will kick off next week, according to an announcement by General Manager of Kuwait Fund for Arab Economic Development and former Kuwaiti Minister of Finance Badr Al-Humaidi.
The campaign has been adopted by Kuwaiti women seeking to help Egyptians in villages and poor areas “that are suffering after the recent economic turmoil”, according to a press release from Kuwait’s section in the Cairo International Book Fair.
Al-Humaidi noted that some Kuwaiti businessmen are also participating in the campaign, which has been dubbed “the Kuwaiti initiative to support Egyptian people”.

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La Libye fournira 2 mds USD d'aide à l'Egypte

La Libye fournira 2 mds USD d'aide à l'Egypte | Égypt-actus | Scoop.it

Le gouvernement libyen fournira à l'Egypte un prêt sans intérêt de 2 milliards de dollars pour soutenir l'économie du pays voisin, rapporte jeudi l'agence égyptienne MENA.

Le crédit sera accordé pour un délai de cinq ans, avec un délai de grâce de trois ans. Selon un porte-parole du ministère libyen des Finances cité par l'agence, l'octroi du prêt vise à "soutenir l'économie de l'Egypte, le budget et les réserves de change du pays".

Auparavant, les médias ont rapporté que le Qatar avait décidé d'accorder à l'Egypte une aide financière de 3 milliards de dollars américains.

 

Plus: http://fr.rian.ru/world/20130411/198048661.html

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Egypt eyes Iraq for a $4 billion cash boost

Egypt eyes Iraq for a $4 billion cash boost | Égypt-actus | Scoop.it

Egypt’s minister of planning and international cooperation, Ashraf El-Arabi, headed to Baghdad to ask the Iraqi government to feed Egypt's foreign currency reserves with a $4 billion deposit in the Central Bank of Egypt (CBE), Ahram’s Arabic news website reported on Monday.

Oil-rich gulf country Qatar had deposited roughly $4 billion in the CBE over the past two years to bolster Egypt's dwindling foreign currency reserves.

The country's foreign currency reserves currently stand at a critical low level of $13.5 billion, down from $36 billion a little more than two years ago.

 

More on: http://www.albawaba.com/business/egypt-depleted-foreign-currency--479900

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Report: Libya to give Egypt US$2 bn

Report: Libya to give Egypt US$2 bn | Égypt-actus | Scoop.it

Libya is in the process of giving Egypt US$2 billion to support its economy, the new Libyan ambassador to Cairo, Mohamed Fayez Gibril, told the Turkish news agency Anadolu. The money would be a deposit to the Central Bank of Egypt

 

The Libyan government has agreed to provide Egypt 1 million barrels of oil per month to be refined in Egypt, granting it a portion of them to provide much-needed diesel fuel.

Libya is also considering granting Egypt a share of Libyan reconstruction projects. Egypt’s Arab Contractors Company is competing for Libyan projects worth LE3 billion.

The news come after Egypt arrested Ahmed Qadhaf al-Dam, who had served as Egypt-Libya relations coordinator under former Libyan leader Muammar al-Qadhafi, and other iconic figures from the former Libyan regime.

 

More on: http://www.egyptindependent.com/news/report-libya-give-egypt-us2-bn

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Aide économique: Le respect des citoyens d’abord

Aide économique: Le respect des citoyens d’abord | Égypt-actus | Scoop.it

A l’issue d’une séance plénière alarmiste, le Parlement européen a adopté, le 14 mars, une résolution tranchée sur l’aide financière européenne à l’Egypte. Cette aide de 5 milliards d’euros avait été promise suite à la révolution du 25 janvier 2011. Elle est maintenant officiellement conditionnée à l’accomplissement de progrès significatifs en matière de droits de l’homme, de démocratie et de primauté du droit.


Caroline Odoz / Al-Ahram Hebdo

Plus : http://hebdo.ahram.org.eg/NewsContent/966/1/130/2067/Aide-%C3%A9conomique-Le-respect-des-citoyens-d%E2%80%99abord.aspx

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Égypte : pas de soutien financier si la démocratie ne progresse pas, affirment les députés européens

Égypte : pas de soutien financier si la démocratie ne progresse pas, affirment les députés européens | Égypt-actus | Scoop.it
L'UE pourrait retirer son soutien budgétaire à l'Égypte si le pays ne fait pas preuve de progrès significatifs en matière de droits de l'homme, de démocratie et de primauté du droit, affirment les députés dans une résolution adoptée ce jeudi. Ils appellent également à commuer les peines de mort prononcées à l'encontre de 21 supporters de football impliqués dans la tragédie de Port Saïd et demandent un moratoire sur l'exécution de toutes les condamnations à mort en Égypte. L'UE doit poser des conditions claires pour accorder son aide à l'Égypte selon le principe « plus pour plus », en se concentrant plus particulièrement sur les réformes démocratiques et le respect des valeurs des droits de l’homme, affirme le Parlement. La société civile, les droits des femmes et les droits des minorités doivent être l'objectif premier de l'aide de l'UE, souligne le Parlement rappelant que l'aide globale de 5 milliards d'euros pour 2012/2013 est en partie conditionnée par le respect des droits de l'homme, de la démocratie et de la bonne gouvernance. Plus : http://enpi-info.eu/medportal/news/latest/32415/%C3%89gypte-:-pas-de-soutien-financier-si-la-d%C3%A9mocratie-ne-progresse-pas,-affirment-les-d%C3%A9put%C3%A9s
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Govt official heads to Berlin to discuss EU aid to Egypt

Govt official heads to Berlin to discuss EU aid to Egypt | Égypt-actus | Scoop.it

Essam al-Haddad, President Mohamed Morsys assistant for foreign affairs and international cooperation, traveled to Berlin for a two-day visit on Friday morning to meet with a number of European officials.

Government sources said Haddad would discuss the future of Egyptian-European relations in light of the European Unions decision to stop financial aid to Egypt unless significant progress is made in the field of human rights, especially in regards to the rights of minorities and women. The European Parliament issued that decision on Thursday.

Haddad would outline the governments plans for reform in these areas, and its efforts to achieve consensus with opposition forces, the sources added.

Edited translation from Al-Masry Al-Youm / Arabia msn

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US gives Egypt US$190 mn in aid

US gives Egypt US$190 mn in aid | Égypt-actus | Scoop.it
Al-Masry Al-Youm 

Egypt signed an agreement Sunday for US$190 million in aid from the US, Planning and International Cooperation Minister Ashraf al-Araby said.

The agreement, signed in the presence of US Ambassador to Egypt Anne Patterson and Egyptian Prime Minister Hesham Qandil, gives Egypt $190 million as the first installment of a total aid package of $450 million. A second agreement will be signed later for the second installment of $60 million, which will be used to support small businesses in Egypt.

The signing came after US Secretary of State John Kerry’s visit to Cairo 2 March to show US support for the government’s economic program, which it created to fulfill the conditions for an International Monetary Fund loan, Araby said during a news conference at the Cabinet building.

US President Barack Obama had announced in May 2011 that the US would grant aid to Egypt to help the country through its transition to democracy.

Araby said the signing of the agreement is an indication of US support for its new economic program, and added that the agreement would positively affect negotiations with the IMF.

When asked if the IMF would grant Egypt a loan in the near future, Araby said that “the cure for the budget deficit needs extensive structural procedures. The support we require from the IMF is not urgent subsidies.”

Egypt’s economy has been hit hard since the January 2011 uprising ousted former President Hosni Mubarak. The country faces a budget deficit that is expected to reach LE180 million, and is seeking to fill the gap with international aid, including an IMF loan of $4.8 billion.

 

http://www.egyptindependent.com/news/us-gives-egypt-us190-mn-aid

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Middle East Online: US Aid Conditional to Morsi’s Success in Fixing Egypt’s Problems

I think that the US is encouraging the limping democracy in Egypt. In doing so, the Americans are trying to maintain and defend their interests in the volatile region, notes Mohammed Ali Ibrahim.

President Mohamed Morsi met with US Secretary of State John Kerry at Ettihadiya Palace in Cairo last Sunday. The American official said the US would give Egypt US$190 million to support the government's budget, but it seems that this sum is conditional to Morsi’s success in fixing Egypt’s problems.

Morsi and Kerry discussed the current situation in Egypt. Kerry conveyed President Barack Obama's support of the transition to democracy in Egypt. But Kerry also urged Morsi to reach a consensus with opposition powers and restore their confidence in order for Egypt to overcome the current difficult situation and achieve stability and development. Kerry told Morsi that economy could not walk with its two amputated legs: security and stability.

It is worth mentioning that several major opposition groups, led by the National Salvation Front, have announced a boycott of the upcoming parliamentary polls slated for 22 April, demanding more guarantees for transparent elections and the formation of a neutral government to supervise the polls.

 

Morsi and Kerry also discussed how the US could support the Egyptian economy, as well as the Israeli-Palestinian and Syria conflicts. So far, the presidency has not issued any official statements on the meeting. Some analysts argue that all the past presidential statements were disregarded as they lack credibility and people lost confidence in them.(...)

 

“There must be a willingness on all sides to make meaningful compromises on the issues that matter most to the Egyptian people," Kerry told reporters after talks on Saturday with Amr Mussa. A State Department official travelling with Kerry also told reporters that he would also discuss the anti-Semitic remarks that Morsi made before he was president and has since backtracked from.

But "the primary goal here is to encourage the work that he did with Israelis in getting the Gaza cease-fire," he said. He was referring to an Egyptian-mediated truce that ended eight days of fighting in November between Israel and Hamas.

 

More on: http://www.middle-east-online.com/english/?id=57347



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Middle East to receive more Japanese aid

Middle East to receive more Japanese aid | Égypt-actus | Scoop.it

Japan said on Saturday it will increase aid to North African and Middle Eastern countries, including Jordan, to help regional stability and democratic transformations.

A foreign ministry statement said that after parliament endorsed an additional 2012 draft budget, Japan will present 13.4 billion yen (about $150 million) through international organisations to countries that started democratic reforms -- Jordan, Egypt, Tunisia, Libya and Morocco.

 

The package also includes emergency aid to Syrian refugees and economic assistance to address youth unemployment and reduce regional economic discrepancies plus financial and economic aid to Palestine.

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Egypte: Morsi rattrapée par l’exaspération populaire (analyse)

Egypte: Morsi rattrapée par l’exaspération populaire (analyse) | Égypt-actus | Scoop.it

Des milliers de personnes défilaient ce vendredi au Caire, sous la pluie, pour protester contre le président islamiste Mohamed Morsi, accusé de trahir les idéaux de la révolution qui lui a permis d'accéder au pouvoir. Pour Hassane Zerouki, journaliste à la rubrique internationale de l'Humanité, "les Égyptiens attendent autre chose que l’aumône" de la part des Frères musulmans désormais au pouvoir.

Egypt-actus's insight:

L’Égypte est-elle au bord du chaos? Certainement pas. Mais le vent de colère qui souffle sur le pays des pharaons est un signe qui ne trompe pas dans la mesure où il est l’expression d’un désaveu populaire envers le président Morsi et le Parti de la justice et de la liberté (PJL), l’aile politique de la confrérie des Frères musulmans. Instrumentalisant jusqu’à l’absurde l’islam à des fins politiques, promettant, sous le slogan « l’islam est la solution », l’amélioration des conditions sociales d’existence du plus grand nombre, les islamistes sont en train de faire la démonstration que l’on ne peut gouverner un pays de 80 millions d’habitants à coups de slogans politico-religieux.

Six mois après l’élection de Mohamed Morsi, les Égyptiens n’ont constaté aucun changement. Pire, la situation économique et financière s’est dégradée. Quant à l’économie islamique, cette « troisième voie entre le capitalisme et le socialisme » prônée par les Frères musulmans, elle s’est avérée un slogan creux. En réalité, l’économie islamique n’est rien d’autre qu’une somme de recettes éculées du néolibéralisme qui a démontré ailleurs son incapacité à sortir des pays du cercle du sous-développement.

Malgré l’argent du Qatar – deux milliards de dollars octroyés – dont elle dépend de plus en plus, l’Égypte de Morsi a dû faire appel au FMI, lequel conditionne son aide de 4,8 milliards de dollars à l’acceptation de sévères mesures d’austérité budgétaire. Mieux, non seulement Mohamed Morsi a déclaré qu’il s’y conformerait mais il a assuré, selon le Monde diplomatique du mois de février, devant une délégation d’hommes d’affaires américains, « qu’il ne reculerait pas devant des réformes structurelles draconiennes afin de redresser l’économie ». Et pour y parvenir, il est prêt à remettre en cause les libertés et des acquis syndicaux obtenus au lendemain de la chute du président Moubarak. (L'Humanité)

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L'Agence américaine pour le développement international est prête à augmenter son aide économique à l'Egypte de 250 à 300 millions de dollars à condition que le Congrès approuve une telle augmentat...

L'Agence américaine pour le développement international est prête à augmenter son aide économique à l'Egypte de 250 à 300 millions de dollars à condition que le Congrès approuve une telle augmentat... | Égypt-actus | Scoop.it

The U.S. Agency for International Development is ready to raise its economic assistance to Egypt from $250 million to $300 million provided the Congress approves such an increase, USAID Cairo Mission Director Mary Otto said.

Speaking on the sidelines of the third Euro-Med Finance conference here Monday night, she said USAID fully backs to the private sector in Egypt and the Middle East by extending financial and technical support to all the sector’s institutions.

USAID is formulating programs to eliminate the high poverty rates in Egypt and elsewhere in the Middle East by establishing funds for companies to raise their capital and create jobs, she said.

It also provides incentives to small and medium sized companies, she added.

Egypt’s main problem is financing projects, with only 30 percent of the finance going to the small and medium sized companies, as most these companies are self-financed by their owners, she said.

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Des allocations mensuelles pour les deux ou trois millions de familles dans le besoin d'une aide financière.

Des allocations mensuelles pour les deux ou trois millions de familles dans le besoin d'une aide financière. | Égypt-actus | Scoop.it

The government is currently preparing to send monthly stipends between 2 and 3 million families in need of financial aid in order to strengthen the social safety net, a statement from Ministry of Finance said.
Interim Prime Minister Hazem El-Beblawi issued Ministerial Decree 83/2014 to form a committee to look into means of strengthening the state’s social safety net. The committee will be also focusing on assistance programmes “so as to match the government’s policy in targeting the neediest categories of the society.”
Ministers of Finance, International Cooperation, Planning, Social Solidarity and Administrative Development are members of this committee.

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La Banque européenne pour la Reconstruction et le Développement alloue un montant d'un million d'euros pour soutenir les petites et moyennes entreprises égyptiennes de l'ameublement.

Ihab Deryas, head of the Egyptian Furniture Export Council, said the European Bank for Reconstruction and Development allocated 1 million euros to support Egyptian small and medium-sized furniture companies. “The allocation is in the form of grants and technical training to improve the capabilities of those companies to export to the European market,” he explained. Deryas also said the council and the Chamber of Timber Industries started implementing the bank’s program in 2013 through a training course in Hurghada in cooperation with the German University in Cairo. “We are organizing more training courses in Cairo and Damietta to raise the efficiency of furniture factories in manufacturing and marketing,” he said. He said the council is implementing other programs as well. “We formed alliances between large and small companies so as to boost the collective marketing of their products,” he said, adding that the United Nations Industrial Development Organization is funding exhibitions for the products of those alliances. For his part, Sherif Abdel Hady, head of the Chamber of Timber Industries, said the chamber is participating in international exhibitions, especially the Salone Internazionale del Mobile Di Milano which will be held in April with exhibitors from 30 countries across the world. “It is the most important and largest exhibition for furniture,” he said. “We are also participating in the INDEX Dubai exhibition that will be held in May 2014 with 850 exhibitors from 45 countries.”  Edited translation from Al-Masry Al-Youm
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Qatar promises $3bn more aid to Egypt

Qatar promises $3bn more aid to Egypt | Égypt-actus | Scoop.it

The Qatari government has agreed to provide an additional $3 billion of aid to Egypt, Qatar's Prime Minister Sheikh Hamad bin Jassim al-Thani said on Wednesday.

"We reached an agreement to add more bonds from the Qatari government in the amount of $3 billion. During the coming days, we will discuss the details of issuing those bonds," Sheikh Hamad told a joint news conference with Egyptian Prime Minister Hisham Kandil.

He did not clarify the way in which the aid would be structured. Kandil told the news conference that the aid would be in the form of "bond deposits", also without elaborating.

Sheikh Hamad said Qatar would supply natural gas to Egypt in the summer when it was needed. "We also discussed projects that we agreed on four or five years ago, especially in iron and steel," he said.

Qatar did not ask Egypt for anything in return for its latest aid, Sheikh Hamad added.

The gas-rich Gulf state has already provided Cairo with $5 billion in loans and grants since Egypt's Islamist President Mohamed Mursi was elected last year.

 

More on:

http://www.tradearabia.com/news/LAW_233830.html

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Is Qatar abandoning Egypt?

Is Qatar abandoning Egypt? | Égypt-actus | Scoop.it
Egypt’s economy is edging closer to collapse, and now there is one less place the government here can turn to for much-needed financial aid.

After promising $5 billion in soft loans and grants to help curb the Egyptian pound’s recent slide against the dollar, the tiny but vastly wealthy Gulf nation of Qatar is now backing off pledges of any further funding for the cash-strapped nation.

Observers saw Qatar and its royal family as initial backers of the Muslim Brotherhood government and its president, Mohamed Morsi, providing substantial funds and deposits to Egypt’s Central Bank. But earlier this month, the Qatari finance minister said there were no plans to inject more cash into Egypt’s flagging economy — crippled by a massive budget deficit. The finance minister did not give a reason.

 

The apparent about-face suggests that even countries with a seemingly unwavering commitment to Egypt’s economic and political recovery are having second thoughts about deepening their involvement with the increasingly unstable nation.

Morsi’s authority is under threat as sporadic violence chips away at law and order and parliamentary elections are stalled. Rising prices and fuel shortages are contributing to ongoing unrest, and the government has yet to put forth a comprehensive economic program.

 

“On the Qatari side, they are putting their money into a bit of a black hole,” Michael Stephens, a researcher at the Royal United Services Institute think-tank in Qatar, said of the country’s aid to Egypt. “What we don’t know is whether or not they [the Qataris] have allocated a specific budget for Egypt — how long they are willing to keep funding. They will stay in Egypt, but they will also be looking for other allies.” (...)

 

 

More on: http://www.globalpost.com/dispatch/news/regions/middle-east/egypt/130322/qatar-abandoning-egypt

Egypt-actus's insight:

Qatar was in fact a longtime opponent of the former regime of Hosni Mubarak.

 

“Qatar has had a long relationship with Brotherhood figures that other GCC [Gulf Cooperation Council] countries simply didn’t,” Sabra said.
Indeed, the Qatari royal family has maintained decades-old ties with Yusuf Al Qaradawi, a prominent Egyptian theologian and Brotherhood-linked Islamic scholar that resides in Qatar.

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EU Embassy denies rumors of cutting off Egypt aid

EU Embassy denies rumors of cutting off Egypt aid | Égypt-actus | Scoop.it

The European Union Embassy in Cairo denied reports on Thursday that the EU was threatening to cut off aid to Egypt.

The embassy claimed that the media misinterpreted statements by Stefan Fuele, the EU’s commissioner for development and growth.

In a report on reforms in Eastern Europe, the Middle East and North Africa, the European Commission listed "serious setbacks" in Egypt in areas such as human rights, and criticized President Mohamed Morsy for pushing through constitutional changes that plunged the country into "a deeply divisive political crisis."


MENA, via Egypt independent

More : http://www.egyptindependent.com/news/eu-embassy-denies-rumors-cutting-egypt-aid

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US lawmakers push to restructure Egypt aid

US lawmakers push to restructure Egypt aid | Égypt-actus | Scoop.it

US lawmakers have seized on a domestic spending bill as a chance to tighten controls on how Egypt's Islamist government can use over US$1 billion in military and other aid Washington sends to Cairo each year.

Five senators — four Republicans and one Democrat — offered separate Egypt aid amendments to a fast-track spending measure that seeks to avert a government shutdown on 27 March.

US lawmakers have expressed concern about Egypt's stability. But they have also worried about the future policies of its Islamist government, its relations with Israel and anger at vitriolic comments about Jews that President Mohamed Morsy made in 2010, when he was a leading figure in the Muslim Brotherhood.

They seized on the spending bill as a chance to clamp down on Cairo, days before President Barack Obama visits the region on his first presidential trip to Israel.

 

Reuters, via Egypt independent

More : http://www.egyptindependent.com/news/us-lawmakers-push-restructure-egypt-aid

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U.S. lawmakers push to restructure Egypt aid

U.S. lawmakers have seized upon a domestic spending bill as a chance to tighten controls on how Egypt's Islamist government can use well over $1 billion in military and other aid that Washington sends to Cairo each year.(...)

 

U.S. lawmakers have expressed concern about Egypt's stability. But they have also worried about the future policies of its Islamist government, its relations with Israel and anger at vitriolic comments about Jews that Egyptian President Mohamed Mursi made in 2010, when he was a leading figure in the Muslim Brotherhood opposition movement.

 

More on: http://www.reuters.com/article/2013/03/19/usa-fiscal-egypt-idUSL1N0CA4ZI20130319

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Obama administration pressured to stop sending aid to bail out Egyptian economy (& video)

Obama administration pressured to stop sending aid to bail out Egyptian economy (& video) | Égypt-actus | Scoop.it

At a time when money is tight at home and with Congress fighting over how much to spend, some argue for a closer look at foreign aid -- especially aid to Egypt, where last September demonstrators stormed the U.S. embassy.

"Not one penny more to countries that are burning our flag," Sen. Rand Paul, R-Ky., told the Conservative Political Action Committee gathering in Washington.

 

Sen. Marco Rubio went one step further, offering an amendment to a pending budget bill that would impose conditions on additional aid.

"Foreign aid is not charity. Foreign aid is something that's supposed to further the national interest of the United States," the Florida Republican told Fox News in an interview. "And my problem with the Egyptian aid, and quite frankly with a lot of our foreign aid, is that we give foreign aid, but we're not sure what we're getting in return for it. What is the national interest that's being advanced?"

Rubio wants Egyptian aid to come with conditions, such as cooperation in counterterrorism, religious liberties, rights for women and, especially, living up to the 1979 peace treaty with Israel.

 

Rubio's move was prompted by  Secretary of State John Kerry's recent visit to Egypt, during which he delivered $250 million in economic aid, with another $260 million promised later. (...)

 

But analysts say giving Egypt money without conditions is counterproductive.

"It won't do much to actually help Egypt's economy," says Eric Trager of the Washington Institute for Near East Policy. "It's just another example of giving money without getting anything in return. And in approaching this Muslim Brotherhood government, our policy should be that they have to give to get."

 

President Mohamed Morsi and his Muslim Brotherhood allies have ended direct relations with Israel, often blame Israel for incidents in the critical Sinai Peninsula and have even called for the destruction of Israel.



More on: http://www.foxnews.com/politics/2013/03/14/should-us-be-sending-money-to-bail-out-egyptian-economy/
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Opinion, Charles Krauthammer: Aid to Egypt was misdirected

Opinion, Charles Krauthammer: Aid to Egypt was misdirected | Égypt-actus | Scoop.it

Sequestration is not the best time to be doling out foreign aid, surely the most unpopular item in the federal budget. Especially when the recipient is President Mohamed Morsi of Egypt.

Morsi is intent on getting the release of Omar Abdel-Rahman (the Blind Sheik), serving a life sentence for masterminding the 1993 World Trade Center attack that killed six and wounded more than a thousand. Morsi's Muslim Brotherhood is openly anti-Christian, anti-Semitic and otherwise prolifically intolerant. Just three years ago, Morsi called on Egyptians to nurse their children and grandchildren on hatred for Jews, whom he has called "the descendants of apes and pigs."

Not exactly Albert Schweitzer. Or even Anwar Sadat. Which left a bad taste when Secretary of State John Kerry, traveling to Cairo, handed Morsi a cool $250 million. (A tenth of which would cover about 25 years of White House tours, no longer affordable under sequestration, says the administration.)

Nonetheless, we should not cut off aid to Egypt. It's not that we must blindly support unfriendly regimes. It is perfectly reasonable to cut off aid to governments that are intrinsically hostile and beyond our influence.

Subsidizing enemies is merely stupid.

But Egypt is not an enemy, certainly not yet. It may no longer be our strongest Arab ally, but it is still in play. The Brotherhood aims to establish an Islamist dictatorship. Yet it remains a considerable distance from having done so.

Precisely why we should remain engaged. And engagement means using our economic leverage.

Morsi has significant opposition. Six weeks ago, powerful anti-Brotherhood demonstrations broke out in major cities and have continued sporadically ever since. The presidential election that Morsi won was decided quite narrowly – three points, despite the Brotherhood's advantage of superior organization and a history of social service.

Moreover, having forever been in opposition, on Election Day the Islamists escaped any blame for the state of the country. Now in power, they begin to bear responsibility for Egypt's miserable conditions – a collapsing economy, rising crime, social instability. Their aura is already dissipating.

 

More on: http://www.ocregister.com/opinion/egypt-498690-morsi-aid.html


 
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Egypte : Kerry annonce une aide de 250 millions de dollars

Egypte : Kerry annonce une aide de 250 millions de dollars | Égypt-actus | Scoop.it

Le secrétaire d'Etat américain a appelé dimanche à "davantage d'efforts et de compromis" pour restaurer la stabilité et remédier à la crise économique en Egypte, tout en annonçant une aide de 250 millions de dollars.

Le secrétaire d'Etat américain, John Kerry, a appelé dimanche à "davantage d'efforts et de compromis" pour restaurer la stabilité et remédier à la crise économique enEgypte, tout en annonçant une aide de 250 millions de dollars. "Il est clair qu'il y a besoin de davantage d'efforts et de compromis pour rétablir l'unité, la stabilité politique et la santé économique en Egypte", a dit M. Kerry, dans un communiqué à l'issue d'un entretien avec le président Mohamed Morsi, peu avant de quitter Le Caire pour Ryad, en Arabie saoudite. (NY TF1 news)

 

Plus : http://lci.tf1.fr/monde/afrique/egypte-kerry-annonce-une-aide-de-250-millions-de-dollars-7859251.html

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Ahmadinejad dit que l'Iran est disposé à aider l'Egypte

(Reuters) - L'Iran a proposé de prêter de l'argent à l'Egypte, en difficulté financière, malgré les sanctions économiques qui pèsent sur la République islamique en raison de son programme nucléaire, a dit le président iranien Mahmoud Ahmadinejad à un journal égyptien.

Les relations diplomatiques entre les deux pays sont rompues mais le président égyptien Mohamed Morsi a accueilli mardi son homologue iranien en grande pompe. Mahmoud Ahmadinejad est le premier chef d'Etat iranien à se rendre en Egypte depuis 1979.

"J'ai déjà dit que nous étions en mesure d'offrir à nos frères égyptiens la possibilité de beaucoup emprunter et bien d'autres services", dit Mahmoud Ahmadinejad dans une interview au quotidien Al Ahram. Il ne dit pas s'il a reçu une réponse.

 

More : http://fr.reuters.com/article/frEuroRpt/idFRL5N0B63XS20130206

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