Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Egypt's new leaders get boost from Gulf

10 July 2013, 12:01

Cairo - Egypt's new leaders have won $8bn in promises of aid from wealthy Gulf Arab allies in moves aimed at stabilising a political transition less than a week after the army deposed the country's Islamist president.

Also on Tuesday, the interim president named a new prime minister and Egyptian armed forces warned political factions that "manoeuvring" must not hold up the military's ambitious fast-track timetable for new elections next year.

The sharp message underlined how strongly the military is shepherding the process, even as liberal reform movements that backed its removal of Mohammed Morsi complained that now they are not being consulted in decision-making.

The Muslim Brotherhood denounced the transition plan, vowing to continue its street protests until the ousted Morsi, Egypt's first freely elected president, is returned to power.

Tuesday's appointment of economist Hazem el-Beblawi as prime minister, along with the setting of the accelerated timetable, underlined the army's determination to push ahead in the face of Islamist opposition and outrage over the killing of more than 50 Morsi supporters on Monday.

Welcome boost

Saudi Arabia and the United Arab Emirates provided a welcome boost for the new leadership.

The two countries, both opponents of Morsi's Brotherhood, celebrated his ouster by showering the cash-strapped Egyptian government with promises of $8bn in grants, loans and badly needed gas and oil.

In doing so, they are effectively stepping in for Morsi's Gulf patron, Qatar, a close ally of the Brotherhood that gave his government several billion in aid.

During Morsi's year in office, he and his officials toured multiple countries seeking cash to prop up rapidly draining foreign currency reserves and plug mounting deficits — at times getting a cold shoulder.


The developments underlined the pressures on the new leaders even with the country still in turmoil after what Morsi's supporters have called a coup against democracy.

The military faces calls, from the US and Western allies in particular, to show that civilians are in charge and Egypt is on a path toward a democratically-based leadership.

The nascent government will soon face demands that it tackle economic woes that mounted under Morsi, including fuel shortages, electricity cutoffs and inflation.

White House spokesperson Jay Carney said Washington is "cautiously encouraged" by the announcement of a plan to return to democratically elected government.

- AP


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...