News  Mideast News
Despite sanctions, Iran offers Egypt aid package
Roi Kais, Reuters
Published: 06.02.13, 10:54
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16 Talkbacks for this article
1. If I where Egyptian I should be worried..
Grey   (02.06.13)
With the near total collapse of the iranian economy , and downfall of the rial I guess the Tehran regime "expertise" in economy is as good as the monkey they alledgedly send into space..
2. thank you
israel israeli ,   tel aviv   (02.06.13)
Brotherhood-ruled Egypt allied with Iran because they are dependent on Iran for food and energy, the same Egypt that controls the Suez Canal, the Tiran straits and Sinai and even more weapons than Libya. American allies Saudi Arabia and Jordan surrounded by hostile Iran, Iraq, Syria, Sudan and Egypt and increasingly hostile Pakistan thanks to Obama's drone war. Eastern Mediterranean controlled by hostile Egypt, Lebanon and Syria. Southern Mediterranean controlled by hostile Egypt and Libya. The only American friends left are the unreliable Islamist Turkey and Israel that Obama hates and wants to destabilize by supporting Abbas. Obama: Ahmadinejad thanks you. Vladimir thanks you. Who said it was a bad idea for a community organizer to be President?
3.  whats in a stret name?
ky   (02.06.13)
Perhaps if Israel named a street Rehov Amadinijad relations with Iran may improve and it would be like the old days with the Shah again. A suggested site would be where the Nutty karta live, They wouldn't mind at all.
4. Egypt & Iran - one hand - best peace in area
Palestinian   (02.06.13)
5. Ahmadinemonky seems to forget Iran is broke!
David ,   Israel   (02.06.13)
Give Egypt aid. Give Syria billions. Spend a fortune on hatred, antisemitism and sending himself into space. All this and the Iranian people don't have food! Great guy Ahmadinemonkey!
6. 1st lesson in economics.Allow currency to become worthless
Alan ,   SA   (02.06.13)
7. Teheran's "expertise?"
Sarah B ,   U.S.A. / Israel   (02.06.13)
Well, go for it. I am certain that the Egyptian people are just ACHING to pay nearly twelve thousand United States dollars for a ten-kilo bag of rice and two thousand United States dollars for a scrawny live chicken on the black market. Morsi had better be mindful of which country pays Egypt's bills. That would be the United States, and the U.S. Congress is not likely to be terribly fond of Egypt's new affection for the Islamic Republic. Unless Egypt thinks that Iran can provide the equivalent of what the United States provides Egypt -- whether in military aid, economic aid, or plain cash -- Egypt had better tiptoe very carefully. Were the United States to drop Egypt like a bad habit -- and the Congress can do that -- Egypt will simply fade away and die. What with the loss of tourist dollars and the failure of three cotton harvests in a row, the only source of income that Egypt has outside of the largesse of the United States is the Suez Canal -- and those revenues have dropped nearly seventy percent in two years. I know what it cost to transit through the Canal in 2010 and I know what it costs now -- a pretty significant drop, I might add -- and most shipping companies are simply unwilling (or unable) to pay the additional insurances and don't want to risk vessels transiting (whether coming or going) Somali waters. If Egypt wants to play the Moslem Brotherhood solidarity card, let them. It won't feed the Egyptian populace and it won't give the Egyptians high-end weaponry .... but I think that's a good thing. Egypt is in dire straits. It just might be time to teach them a little Western-imposed lesson. They really do need to learn who runs the show.
8. Iran's money laundering via Egypt.
BUILD BABY BUILD !!! ,   United States   (02.06.13)
End all US aid to Egypt, let her Iranian sponsors pick up the whole tab and be responsible for another failed war begun by Egypt for Iran, her slave master. Don't you miss Mubarak now??? Morsi has become obamas 'boy'.
9. Now the world has 2x Iran...
EU   (02.06.13)
10. The real benefit to Egypt from ties with Iran
Canadian observer   (02.06.13)
Morsi found that Iran can provide him exactly what he needs the most these days Depress the opposition voice. Ahmadjihad knows how to do that the best and I'm sure he had some advise.
11. To: Canadian Observer at No. 10
Sarah B ,   U.S.A. / Israel   (02.06.13)
Morsi seems to be doing a fine job of that all on his own .... Fifty-one death sentences in Egypt since Morsi took over -- none of them for murder. Did you know that offending the "prophet" is now a capital crime in Egypt?
12. Great Let The ayatollah Cockamamie
And the little bearded monkey Support morsi and the eygptian peasants!!!!!! Now b.H.o. Can Spend eygptian aid on STRUGLING AMERICANS!!!!!!!!!!!!!!!!!!!
13. It is not rocket science
Ivor Biggerstaff   (02.06.13)
If funds are withdrawn from Egypt by AIPAC then other countries will come forward to replace those funds, and nobody turns down money for nothing. It is called beware if unintended consequences. Now Egypt will be able to maximise the amount of aid it recieves by playing one off against another
14. BS aid package...
mark ,   usa   (02.06.13)
Is nothing but an attempt to circumvent restrictions placed on Iranian banks. Notice line of credit extension means tahran can technically wash all sorts transactions through the guise of day to day activity of this trade account. Kerry better get out ahead of this one and real quick too.
15. To: No. 13
Sarah B ,   U.S.A. / Israel   (02.06.13)
Can you name one country that will be willing to lend money to Egypt? Check Egypt's credit and bond ratings, Ivor, before you mouth off. There's a slight possibility that you might get the Arab League to give up some cash, but the countries that dominate the Arab League are not terribly friendly with Egypt, and since these countries are oil and petroleum exporters, they probably are anxious to hang onto as much cash as they can. I realize that you are far from the sharpest knife in the drawer, but you may have noticed that petroleum consumption is down worldwide, with most countries turning to alternative sources of energy, chiefly natural gas. Israel, by the way, controls two of the largest natural gas fields ever discovered. I bet you didn't know that. Your allusion to AIPAC controlling the United States Congress is both tacky and untrue. Perhaps you should start calling yourself "Ivor Tinybrain."
16. The Economic Blind Leading The Economic Blind
Tim Upham ,   Tum Tum, WA   (02.08.13)
Egypt is on the verge of economic collapse, and its foreign reserves are down to a dangerously low level. The Iranian dinar has become a worthless piece of paper, scorned by Iraqi businessmen when Iranian tourists come to visit Shiite shrines. So unless Iran is going to dig into its gold reserves, can it help the Egyptian economy.
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