Quotes: 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.”


 


Arab News




  MENA News Headlines
 Jul 30 2015 - Egypt- Trial of businessman Ehab Talaat postponedqDaily News Egypt
(MENAFN - Daily News Egypt) The trial of prominent businessman Ehab Talaat was postponed to 26 December on Tuesday for an expert report on the matter.Talaat is being sued by the Al-Ahram Foundation ...

 Jul 30 2015 - Egypt participates in UN counter-terrorism meetingDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian delegation participated Tuesday in the UN counter-terrorism meeting in the Spanish capital, Madrid, and discussed efforts to tackle militancy.Egypt also ...

 Jul 30 2015 - Egyptian court postpones verdict in Al Jazeera journalists' retrialDaily News Egypt
(MENAFN - Daily News Egypt) A court in the Egyptian capital, Cairo, has postponed the verdict in the retrial of three Al Jazeera journalists, jailed for aiding a terrorist organization with false ...

 Jul 30 2015 - Egypt- 'Will justice be served this Thursday?' (1):JournalistsDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian court will conclude one of Egypt's most hotly debated cases since the ouster of the Muslim Brotherhood regime in 2013, and one of the longest trials the ...

 Jul 30 2015 - Al-Jazeera re-trial case adjourned to 2 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian court was to conclude Thursday one of Egypt's most debated cases since the toppling of the Muslim Brotherhood's regime, also among the longest trial the ...

 Jul 30 2015 - Egypt- Trial against Fatima Naoot continuesDaily News Egypt
(MENAFN - Daily News Egypt) The prosecution at the Sayeda Zeinab Misdemeanour Court decided on Wednesday to postpone the case against Fatima Naoot, who is charged with contempt of religion.In turn, ...

 Jul 30 2015 - Ooredoo Oman profit up 18.7 percent in H1MENAFN
(MENAFN) Omani Qatari Telecommuni-cations Company (Ooredoo), has reported an 18.7 percent increase in its net profit for the first half of this year.The company's revenues for the first half of 2015 ...

 Jul 30 2015 - Dubai real estate down, under pressureThe Arabian Post
(MENAFN - The Arabian Post) The Dubai residential market continues to face downward pressure as rents and sale prices decline. It's perhaps indicative of a systemic shift that the current phase's ...

 Jul 30 2015 - Consumer choice, innovation 'key drivers of aviation sector'The Arabian Post
(MENAFN - The Arabian Post) Consumer choice and innovation are the fundamental drivers of competition in the international airline industry, said Etihad Airways president and CEO James Hogan at the ...

 Jul 30 2015 - Qatar's transport sector posts double-digit growth in H1MENAFN
(MENAFN) Qatar's transport sector witnessed a healthy double-digit expansion in profitability in the first half of this year, mainly on the back of earnings in logistics segment.The cumulative net ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help