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Egyptian army’s financial coup: 12 billion petrodollars from Saudi, UAE, Kuwaiti fans

Arab petrodollars pour in for Cairo

DEBKAfile Exclusive Report Jul 10, 2013, 9:11 AM (IDT)

In a dazzling display of monetary muscle, Saudi Arabia and the United Arab Emirates poured $8 billion in a single day into the coffers of Egypt’s army rulers in cash, grants, loans without interest and gifts of gas, a dizzying life-saving infusion into its tottering economy. Kuwait has pledged another $4 billion, rounding off the total to $12 billion – the second chapter in a development first revealed byDEBKAfile last week of Saudi and UAE backing for the Egyptian military’s July 3 takeover of power from the Muslim Brotherhood.

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Egypt’s Coup Hits Obama Hard

His US-oriented Sunni Muslim bloc melted away with Mohamed Morsi’s downfall.

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Ahmad Shafik & UAE Engineered the Egyptian Uprising

Saudi Arabia and Persian Gulf emirates line up behind Muslim Brotherhood’s overthrow.

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The Egyptian Coup’s Winners and Losers

Israel and Jordan have come out trumps. Qatar is counting its losses - $13 bn.

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Barack Obama | Israel | Syria | Binyamin Netanyahu | Hizballah | Bashar Assad | Iran | Syrian war

Violent Ramadan ahead: Egypt’s army chief says no to dialogue with Brotherhood. Assad nixes ceasefire

Muslim Brotherhood casualties in Cairo gunfire

DEBKAfile Exclusive Report
Jul 9, 2013, 10:14 AM (IDT)

The Muslim Ramadan beginning in the Middle East Tuesday, July 9, heralds more, rather than less, bloodshed. After at least 51 deaths in a Cairo shootout Monday, Egypt’s military chief Gen. Abdel Fattah El-Sisi rebuffed US efforts for national dialogue and is preparing rapid action to meet the Muslim Brotherhood’s “intifada” in Egyptian towns and Sinai. Iran and Russia are rushing military supplies to Bashar Assad, who is pressing ahead with his projected Syrian-Hizballah battle for Aleppo after rejecting a Ramadan ceasefire.

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