Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt, Bahrain explore deeper cooperation on water resource management    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    African trade ministers meet in Cairo to push forward with AfCFTA    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's gold prices hold steady on Sep. 15th    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US complex relations with Egypt may improve following Economic Summit
Published in Daily News Egypt on 13 - 03 - 2015

The relations with the US government are lukewarm, Kandil said. We do not understand the dimensions of US policy towards Egypt, he added.
This is how he regards the complex US-Egyptian situation. The US continues to comment on Egyptian politics; meanwhile cooperation does not end.
The US partnership thrived under toppled president Hosni Mubarak's reign. Over the past 35 years, the US has provided over $40bn worth of military aid to Egypt, second only to Israel, according to an Atlantic Council report.
These once familiar Egyptian-US relations have worsened since the ouster of president Mohamed Morsi in July 2013. The US is a critic of Egypt's crackdown on Muslim Brotherhood members and political activists.
"The US does not comprehend until now that the current regime is most representative of the [Egyptian] people," Kandil said.
During Egypt's 2013 interim-government, the US had halted the transfer of F-16 fighter jets, M1A1 tank kits, Harpoon missiles and Apache helicopters, only to release $572m of the total $1.3bn military aid again in June.
Yet, the US will be present at the Economic Summit.
"US companies are after their interests. Investing in a market as big as Egypt could contribute to enhancing the US-Egyptian relations and changing the US's policy towards Egypt," Kandil stated.
Despite Russian President Vladimir Putin declaring that the Egypt and his country might use their national currencies in the settlement of accounts in bilateral trade, US State Department spokesperson Jen Psaki said she does not believe the use of US dollars between Egypt and Russia will end.
The US is "worried about the close ties between Egypt and Russia," Al Ezabawy said.
He also said that Al-Sisi's election as Egypt's president was not welcomed in the USA to begin with, which explains why most US delegations to Egypt are from the legislative authorities, and not from official executive authorities.
Al-Sisi, Foreign Minister Sameh Shoukry, and Defence Minister Sedkhi Sobhi met a US Congress delegation Saturday, including key figures from the House of Representatives' committees overseeing defence and foreign aid.
US foreign aid to Egypt had been a pivotal point since former president Mohamed Morsi's overthrow. Military aid to Egypt was temporarily suspended, as the world power regarded the overthrow as a military coup, sparking US concerns over democracy in Egypt.
In December, a new drafting of the US budget was worded so that Egypt must work towards democratic transition in order to qualify for the over $1bn military support it receives annually. However, it also included a new article allowing for the Secretary of State to privately supersede the conditions on grounds of "national security". It was a waiver absent from the previous spending bill, which to some indicated that the US had sidelined human rights and democratic transition in favour of regional security issues.
Secretary of State John Kerry had visited Egypt and met with Egyptian officials, including President Al-Sisi, on numerous occasions since the overthrow of Morsi, stressing that "Egypt remains a key partner for the United States and a leader in the region".
Obama has ambitions that do not comply with the conditions in the region, Kandil assumed. These ambitions collided with the Egyptian people's choice to banish the Muslim Brotherhood from power. Obama failed at implementing his vision for the region.
On the other hand, the US seems to be aiding Egypt with its declared fight against terrorism.
During the Saturday meeting, talks focussed on joint military cooperation between the "friendly" Egypt and US, namely efforts to fight terrorism and establish security in the Middle East. The delegation also "stressed their keenness...to support Egypt in its war against terror".
Egypt had requested US military assistance, referring to its counterterrorism efforts in North Sinai. In December, Egypt was handed 10 Apache helicopters from the US as part of US military aid to Egypt.
Egypt further supports the international coalition led by the US to confront "Islamic State".
"The Egyptian-US relations will not go back to the state they were in during the Mubarak era," Abdel Qader said.
Al-Ezabawy agreed, explaining that with the completion of the roadmap, the success of national projects, and the enhancement of the Egyptian relations with the European Union and Asian countries, US-Egyptian relations will never be as strong as during the Mubarak and Morsi eras.
"Perhaps with the next office the situation between Egypt and the US could get better," Kandil said.


Clic here to read the story from its source.