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Israel-Palestine-Jordan | |
Israel to assist Egypt's fragile economy | |
2016-10-19 | |
[Ynet] After years of political turmoil, economic frustration is putting pressure on the al-Sissi administration to remedy its multi-faceted shortcomings; Israeli and American officials see assisting Egypt as a vital security interest. Israel is preparing for a series of large-scale projects with Egypt after many years of separation in economic cooperation between the two countries. The joint discussions on the projects reflect not only a rapprochement between the two countries, but also an urgent need for improved infrastructure in Egypt given the severe economic crisis that threatens the political stability of the country. After the signing of the 1979 peace agreement, economic cooperation between the two countries saw a significant boost, which was gradually reduced after Egypt expressed little interest in its renewal. More recently however, Egypt has raised interest in several projects with Israel--among them, desalinization of sea water to address concerns over water levels in the Nile River, which could lead to a dramatic shortage of water available for drinking and irrigation.
One of the major factors providing the impetus to the new cooperative efforts stems from political factors which intimately affect Israel’s security. Indeed, in talks recently held between senior Israeli and American officials, concerns were raised over the stability of the Egyptian regime, with the two allies agreeing that in the absence of any fundamental improvement in the Egyptian economy, social unrest could precipitate the pouring of Moslem Brüderbund forces into the streets to undermine the rule of General al-Sisi. Similarly, heads of government in Egypt view the economic crisis as a major strategic threat to their country and, as such, they are placing emphasis in Egypt and abroad on efforts to increase revenue and expand infrastructure. Egypt's economic crisis has been greatly exacerbated by the ongoing fighting raging in Sinai and Libya as well as its support to Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... in Yemen. In addition, only a portion of the financial commitments from Saudi Arabia, the UAE and Kuwait have been received. Furthermore, the request to the IMF for $12 billion was granted on a series of conditions regarding a reduction of bureaucracy, increasing taxes and reducing subsidies--measures which, in the short term, could incite the Egyptian public. | |
Posted by:trailing wife |
#4 ISIS has already done great damage to the Egyptian economy. More than a dozen attacks on the Sinai gas pipeline ended sales of gas to Jordan, Israel and Lebanon. |
Posted by: Thereck Chutle5003 2016-10-19 20:18 |
#3 The Saudis have a serious cash crunch and the cheques to Egypt have stopped, and won't resume any time soon. |
Posted by: phil_b 2016-10-19 17:11 |
#2 ...think about Muslims drinking Jewish water. That the natural order of things is that Muslims benefit from Dhimmi efforts, very likely. Though they'll fuss at the idea of treating Jews as equals instead of the kaffir that they by definition are, ignoring the fact that these Jews are unconquered after generations of efforts overt and |
Posted by: trailing wife 2016-10-19 07:03 |
#1 I wonder what ISIS et. al. is going to think about Muslims drinking Jewish water. |
Posted by: gorb 2016-10-19 01:24 |