Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Russia backs El-Sissi bid for presidency  Join our daily free Newsletter

MENAFN - Arab News - 14/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) MOSCOW: Russian President Vladimir Putin on Thursday endorsed Egyptian Army chief Abdel Fattah El-Sissi’s undeclared bid to head the strife-torn North African nation as the two leaders negotiated a massive Moscow weapons deal

El-Sissi came to Moscow with Egyptian Foreign Minister Nabil Fahmy for talks aimed at securing Russian assistance — stagnant since the late Soviet era — that could replace subsiding support from Cairo’s more recent ally Washington

Putin told El-Sissi that he fully backed Egypt’s new constitution and crucially made no mention of Cairo’s crackdown on protests or the army-backed overthrow in July of President Muhammad Mursi

“I know that you, mister defense minister, have decided to run for president of Egypt,” Putin told El-Sissi in televised remarks

“I wish you luck both from myself personally and from the Russian people.

The 59-year-old Egyptian field marshal has not officially declared his presidential ambitions but is overwhelmingly expected to run in elections likely to be held before the end of April

A Kuwaiti newspaper had quoted El-Sissi as saying last week that he felt obliged “to meet the demands of the Egyptian people” and run for head of state. The army later denied the report

El-Sissi and Fahmy had earlier on Thursday met their Russian counterparts to negotiate a 2-billion arms deal the two sides initially discussed in Cairo in November — a month after Washington suspended millions of dollars in assistance to the Egyptian Army over Mursi’s ouster

“Our visit offers a new start to the development of military and technological cooperation between Egypt and Russia,” El-Sissi told Russian Foreign Minister Sergei Lavrov and Defense Minister Sergei Shoigu

“We hope to speed up this cooperation,” El-Sissi said

Top officials revealed no details of Thursday’s military discussions while signalling that both sides were interested in the speedy conclusion of a deal

“It was decided to accelerate preparations on an intergovernmental agreement on military and technological cooperation,” a joint statement released by the Russian foreign ministry after the talks said

The head of Russia’s state industrial holding company had said after the Cairo meeting that Moscow was on the verge of reaching a landmark agreement to deliver air defense systems to Egypt’s army

Rostec chief Sergei Chemezov said on Nov. 18 that “some contracts with Egypt have already been signed — particularly one concerning air defense systems.

But he later clarified that he was referring only to a framework deal and not to firm delivery contracts

Moscow’s authoritative Vedomosti business daily on November 15 said the deals under discussion were worth more than 2 billion and could be financed by Saudi Arabia

Some Gulf media have reported that the United Arab Emirates — a strong Egyptian backer since Mursi’s fall — was also ready to fund a part of the purchase

The Soviet Union was the main supplier of arms to Egypt in the 1960s and early 1970s. Cooperation between the two sides dropped after Israel and Egypt signed a peace treaty and Cairo began receiving generous US aid

Russia is now keen to revive those ties and Shoigu made clear on Thursday that Moscow fully supported the tough measures taken by Sissi against Mursi and his Muslim Brotherhood movement

“We cannot but celebrate the adoption of the new Egyptian constitution,” the Russian defense minister told Sissi

“We view your efforts at achieving stability as effective.

Shoigu added that the two sides had touched on the possibility of Russia and Egypt conducting joint military exercises and the option of the North African country’s officers undergoing military training in Moscow

Some analysts said the Kremlin had sensed a weakening of Washington’s position in a vital Middle Eastern nation and was now preparing to pounce on the opportunity

“Politically, this is a very advantageous time for Russia,” said Russia in Global Affairs magazine editor Fyodor Lukyanov

“The Kremlin wants to demonstrate it is honest and open in its dealings while others like the United States are playing games.”


 






  MENA News Headlines
 Aug 20 2014 - UAE's Nakheel to repay all its USD2.15 billion debt to banksMENAFN
(MENAFN) Nakheel, the Dubai property developer, is planning to repay all of its bank debt amounting to USD2.15 billion as much as four years ahead of schedule, The Peninsula Qatar reported.The ...

 Aug 20 2014 - ASCOM geology picked to work on Suez projectMENAFN
(MENAFN) Egypt's ASCOM Geology and Mining Company has been chosen to work on a multi-billion dollar project which will expand the Suez Canal by building a new canal next to the original one, Gulf ...

 Aug 20 2014 - UAE'S Al Madina signs settlement deal for debtsMENAFN
(MENAFN) Al Madina for Finance and Investment announced it has signed a settlement deal to pays its debt to Global Investment House, Gulf News reported.The settlement deal states that Al Madina will ...

 Aug 20 2014 - Dubai property giant repays debt four years earlyAFP
(MENAFN - AFP) Nakheel, the real estate giant at the heart of Dubai's financial crisis, confirmed Wednesday that it would repay all of its 7.9 billion dirhams ($2.15 billion) bank debt almost four ...

 Aug 20 2014 - Ex-minister in India refutes love child claimKhaleej Times
(MENAFN - Khaleej Times) A former federal minister has denied the allegation made by a 47-year-old Gujarat-based widow that he had tied the knot with her in 2005 and is the father of her 19-year-old ...

 Aug 20 2014 - Intensive exhaustive household survey stalls TelanganaKhaleej Times
(MENAFN - Khaleej Times) Nearly 400000 government employees teachers and student volunteers began the house-to-house survey at 7am in the city and at 8am in other parts of the state ...

 Aug 20 2014 - Surviving a typhoon in Leyte and rebuilding livesKhaleej Times
(MENAFN - Khaleej Times) Its not yet a year since the worlds most devastating storm reached landfall and while aid workers began pulling out last month recovery efforts are far from over.It has been ...

 Aug 20 2014 - Pakistan army urges talks as protesters await political showdownKhaleej Times
(MENAFN - Khaleej Times) Imran Khan the former cricket star and now chairman of the Pakistan Tehreek-i-Insaaf (PTI) and preacher Tahir Ul Qadri have led days of protests demanding the resignation of ...

 Aug 20 2014 - Yoga guru BKS Iyengar dies of kidney failureKhaleej Times
(MENAFN - Khaleej Times) Iyengar started his yoga school in 1973 in the western city of Pune developing a unique form of the practice that he said anyone could follow.BKS Iyengar the yoga guru who ...

 Aug 20 2014 - Japanese 111-year-old becomes oldest manKhaleej Times
(MENAFN - Khaleej Times) Sakari Momoi a former high school principal who was born on February 5 1903 received a certificate from Guinness World Records confirming the ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help