Thanks to Gulf Credit, Egypt Courts New Partners in Russia and France

Egyptian President Abdel-Fattah el-Sissi bids farewell to Russian President Vladimir Putin at the Cairo International Airport in Egypt, Feb. 10, 2015 (photo from the Presidential Press and Information Office).
Egyptian President Abdel-Fattah el-Sissi bids farewell to Russian President Vladimir Putin at the Cairo International Airport in Egypt, Feb. 10, 2015 (photo from the Presidential Press and Information Office).
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It has been a busy week for Egyptian President Abdel-Fattah el-Sissi. On Monday, he had to apologize to his Gulf Arab patrons for a leaked audio recording, purportedly of him and two of his generals mocking the oil-rich monarchies and scheming how to squeeze them for billions. “Man, they have money like rice,” says a man identified as el-Sissi on the alleged recording, which revealed more than just the scorn Egypt’s junta has for its foreign backers and for everyday Egyptians. As the Egyptian blogger known as Baheyya wrote, in the “frank, relaxed banter,” Egypt’s current ruler and two of […]

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