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| Africa North |
| Saudi's will loan/give $4B to Egypt |
| 2011-05-26 |
| RIYADH: Saudi Arabia has pledged $4 billion in aid to Egypt, the chief of Egypt's ruling military council said Saturday. The aid will be in the form of soft loans, deposits and grants, Field Marshal Mohamed Hussein Tantawi, head of the council, was quoted by Egypt's MENA news agency as saying. The agency did not provide a time frame or other details. The Saudi Press Agency said Tantawi called Custodian of the Two Holy Mosques King Abdullah on Saturday and thanked him for providing the financial assistance to his cash-strapped country. Egypt probably needs about $20B/yr in aid unless their tourism biz comes back, they can somehow get foreign investors interested again, get more $$ out of Egyptians working overseas and get a drop in the price of wheat - even in a optimistic scenario, they will be in major trouble for years. Too bad the Egyptians never figured out how to build a successful state. It would come in handy right now. |
| Posted by:Lord Garth |
| #6 It wouldn't do for the Egyptian divisions to be trounced thoroughly by the Israelis just before going off to face the Medes and the Persians... The issue is ensuring that the Egyptian divisions don't get bought-off by the Medes and the Persians. If they get trounced by the Israelis, well, they'll take pressure off Hesb'allah and Hamas and they be won't be around help the Saudis face the Persians. It'll be considered money well spent in any case. |
| Posted by: Pappy 2011-05-26 22:28 |
| #5 What the House of Saud is doing is guaranteeing those 10 Egyptian divisions will be available in case the Iranians try to take Saudi Arabia. Then Egypt won't want to go to war with Israel in the meantime. It wouldn't do for the Egyptian divisions to be trounced thoroughly by the Israelis just before going off to face the Medes and the Persians... Or worse, have to break off being trounced to turn and face the other way when the loans are called. It does dreadful things to both troop and M&P army morale, it does. |
| Posted by: trailing wife 2011-05-26 19:13 |
| #4 What the House of Saud is doing is guaranteeing those 10 Egyptian divisions will be available in case the Iranians try to take Saudi Arabia. Expect a lot more of these 'soft loans' to the Egyptians over the next two years. |
| Posted by: Shieldwolf 2011-05-26 14:30 |
| #3 ..and crude oil is notoriously low in nutritional value. |
| Posted by: Procopius2k 2011-05-26 13:20 |
| #2 The price of wheat is not coming down. Drought and now floods and rain are limiting the planting of corn in Indiana, Ohio, and Illi. You can't eat money. |
| Posted by: bman 2011-05-26 10:40 |
| #1 SAUDI $4.0BILYUHN versus * IRNA > EGYPTIAN ENVOY: VAST GROUNDS FOR TEHRAN-CAIRO COOPERATION WIDIN NAM [Non-Aligned Movement]. * TOPIX > THE SAUDI, IRAN STRUGGLE FOR EGYPT. SUNNI-VS-SHIA COMPETITION for IDEO, REGIONAL DOMINANCE, Suez Canal + East Mediterr trade, goes on. -------------- ALso from IRNA > SOLTANIEH: IRAN READY TO EXPORT RADIOISOTOPE PRODUCTS. Tehran has already informed the UN IAEA. AGain, as time goes on, the US-Israel-NATO + UNO may wake up one day, come 2012 or shortly afterward, to discover that ISLAMIST IRAN HAS NOT ONLY GONE NUKULAAR [NucWeaps-capable, armed], BUT THAT IRAN NOR PAKISTAN ARE NO LONGER THE ONLY PRO-JIHAD/MILTERR, "ROGUE"? "ISLAMIC STATES" [Sole? Alliance?] THE US-ALLIES + UNO HAVE TO CONTEND WITH. Lest we fergit, NETANYAHU > A NUCLEAR-ARMED IRAN = NUCLEAR TERRORISM. * PEOPLE'S DAILY FORUM > MILITANT ISLAM THREATENING THE WORLD: NETANYAHU. Benji urges the USA to never allow Iran to have or dev NucWeaps. |
| Posted by: JosephMendiola 2011-05-26 00:38 |