Media war against Saudi Arabia in Egypt

[Frogman]

-KSA supported the Military's Coup against Morsi with Billions of dollars that went to the military accounts as per the leaks.

As per propaganda. See below for official numbers.

-An understanding might have happens between the two countries sometime in 2015, where Egyptians (as per leaks) are trying to please king Salman by offering the two islands (Tiran, sanafir) to KSA, in recognition of old contributions (30~40 Billion) and in return of new aid packages.

KSAs aid package is nowhere near that big. Total Gulf aid not including petroleum products is in the area of 10 Billion Dollars.

-Egypt is not pleased as it had expected KSA to give at least the 6Billion dollars demanded by the IMF to secure Egypt's 12Billion loan.

The IMF loan was awarded on the basis of economic reforms such as the devaluation of the Egyptian pound, decrease in subsidies, and general economic reform with a long term plan. If you will remember it was awarded days after the government devalued the pound.

By the numbers in a very simple manner:

1 - Dues owed to international oil companies from January 2011 to July 2014: 12.6 Billion Dollars.

Reason: Egypt had to delay payments due to the economic and political crisis that followed the 2011 revolution.

2 - The amount of dues paid by the Egyptian government to oil companies since July 2014: 9.6 Billion Dollars.

3 - Remaining dues: 3.3 Billion Dollars*.

Gulf Aid after the 30th of January 2013:

1 - Non oil based aid from Gulf nations to Egypt: 17 Billion Dollars.

2 - Dues to oil companies: 75% of all Gulf aid to Egypt.

3 - Payments made to oil companies: 60% of all Gulf aid to Egypt.

4 - The amount of aid Qatar repealed: 7 Billion Dollars.

5 - Amount of aid repealed by Qatar and payments to oil companies: 120% of all Gulf aid to Egypt.

Meaning: Egypt has paid more in dues to oil companies than it has been given in aid.

*Dues to oil companies have risen to 3.8 Billion Dollars since.

What this proves: The negative effect of the Egyptian revolution of 2011 and further instability had on the economy. Plus, that the actual importance of Gulf aid to Egypt is overblown. It also dispels tabloid and propaganda horse shit.

Your analysis (I really shouldn't call it that) of the Egyptian economy is also totally baseless. If you want we can actually use real numbers, like the Egyptian stock exchange (EGX) reaching over 12000 points a couple of days ago, an all time record.

If the basis of your entire argument is built on nonsense why should anyone believe any other shite you say?

As for our presence in Bab Elmandab the Egyptian Navy is still an integral part of the blockade against Yemen and the air operation as part of Operation Restoration Hope.

The KSA would have zero say on our presence within International waters and within our traditional sphere of influence.

Weird considering that your profile pic is an Egyptian, guess he is a 3rd rate colonized garbage.

One of the only Egyptians to work with the British Empire against the Egyptian government which was trying to free itself from colonial rule.

Islamists are born to be illogical hypocrites.

 

[azzo]

KSAs aid package is nowhere near that big. Total Gulf aid not including petroleum products is in the area of 10 Billion Dollars.

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In Sharm alsheikh's economical conference, Dubai's ruler has declared that the UAE alone had contributed more than 14 Billion dollars without any objection from Alsisi or anyone else present at the speech.

If the basis of your entire argument is built on nonsense why should anyone believe any other shite you say?

Because you really can't refute them, so you're just using this fallacious response to ignore them

If you want to look at the numbers then look at the numbers. Look at the rate of the Egyptian pound, a country's currency is the biggest indication of its economy. Your Militarized and controlled internal stock exchange does not indicate a thing.

Secondly, you have not responded to the Tiran and Sanafir situation. Did Alsisi pass the resolution without putting it up for vote in the Parliament or not? a simple answer.

Did the government not arrest people for protesting that decision? didn't your army propage that Tiran and Sanafir are Saudi or not?

Isn't the government backpedaling now? stating that it can't object to the courts' decision when the government itself had broken these so called laws before when it passed the resolution illegally?

 

[Frogman]

In Sharm alsheikh's economical conference, Dubai's ruler has declared that the UAE alone had contributed more than 14 Billion dollars without any objection from Alsisi or anyone else present at the speech.

The contribution is split into aid and foreign direct investment. In the 2014-2015 financial year the UAE was the third largest investor in Egypt accounting for 10.7% of all D-F-I. If you were listening there was no mention of aid in the video you posted and only references to projects and investments in multiple sectors.

Egypt is currently the top destination for foreign direct investment in Africa and was in the top 5 in the world for the past six months with the UK and US accounting for nearly 60% of all D-F-I.

Next time please time stamp videos.

. Look at the rate of the Egyptian pound, a country's currency is the biggest indication of its economy.

Wrong, GDP is the largest indicator of a nations economic stature. If what you say was the case then the Kuwait would be the worlds largest economy by far yet its economic stature barely measures up to that of a not very productive US State, Arkansas.

Your Militarized and controlled internal stock exchange does not indicate a thing.

The financial hub of the economy doesn't mean a thing? Quick tell the world's economists they're wrong. Plus no stock markets are not militarised or controlled. Part of the stable economic outlook for Egypt is due to the Central Bank not interfering there anymore.

Did Alsisi pass the resolution without putting it up for vote in the Parliament or not? a simple answer.

Yes, but is was never his decision to make.

Did the government not arrest people for protesting that decision?

No, the interior ministry did on the basis they were breaking the law in regards to political gatherings. A law which is unconstitutional and is being fiercely contested within Egyptian courts as well.

didn't your army propage that Tiran and Sanafir are Saudi or not?

The Armed Forces (to be specific) can say what it wants. The fact is that the Egyptian Parliament and the Judiciary are ultimately the decision makers on this matter.

Isn't the government backpedaling now? stating that it can't object to the courts' decision when the government itself had broken these so called laws before when it passed the resolution illegally?

So in the end the checks and balances worked. Personally I see that as a good thing for our fumbling nascent democracy.

I don't think you'll find anyone who will say that the Tiran and Sanafir saga wasn't a massive balls up by the Presidency that damaged Egyptian KSA relations.

But there's something else at play here with some people that have a sense of vanity and entitlement that is nauseating. So, wind your neck in.

 

[Ceylal]

Egyptian media targets Saudi Arabia

The minute the Sauds pull the checkbook, Egypt will open with an acapella praise song.

 

[azzo]

Wrong, GDP is the largest indicator of a nations economic stature. If what you say was the case then the Kuwait would be the worlds largest economy by far yet its economic stature barely measures up to that of a not very productive US State, Arkansas.

I don't know if your serious or not, you very well know that I'm talking about the change in the currency's rate over a period of time. Going from 6 pounds for the dollar to more than 19 pound to the dollar under sisi's rule. Otherwise Japan with it's Yen would've had a weaker economy than Oman or Jordan.
Look at the foreign reserves too.

There are many other factors that goes into the GDP like the dollars' inflation over time and population growth. Please stop being ridiculous saying that comparing the current GDP to past years' GDP is an indication of an economy's health.

No, the interior ministry did on the basis they were breaking the law in regards to political gatherings. A law which is unconstitutional and is being fiercely contested within Egyptian courts as well.

Of course you would say something like this, especially since this "protest law" isn't applied to everyone equally.
Look at the latest Christian protests against the bombing. How many Christians had been arrested under the so-called "protest law".

The way it's applied shows that the name is just a cover up, and is only used by the Military government to shut-down any form of descent.

 

[ULKU-1]

Saudi Arabia supports terrorism, that's the only thing worth saying here.

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http://www.egyptindependent.com/news/egypt-seeks-import-crude-directly-iraq

Egypt's Petroleum Minister Tarek El Molla said on Thursday his country was seeking to reach an agreement with Iraq over importing crude oil directly and that he hoped to finalise the deal by the first quarter of 2017.

El Molla told reporters on the sidelines of a meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) that Egypt aims to import between 1 million and 2 million barrels per month from Iraq.

The move follows Saudi Arabia informing Egypt in last month that shipments of oil products expected under a $23 billion aid deal had been halted indefinitely.

"We are seeking to directly import crude oil from Iraq. We already use Iraqi oil but we get it from international markets but we hope to have a direct government to government agreement," El Molla said.

Egypt has gone from exporting energy to being a net energy importer as domestic output has failed to keep pace with rising demand. The government is seeking alternative solutions to help the country cope.

Gulf Arab countries, led by Saudi Arabia, have pumped billions of dollars into Egypt's flagging economy since general-turned-president Abdel Fattah al-Sisi took over after a year of divisive rule by the Muslim Brotherhood.

But Riyadh has become frustrated with his lack of economic reforms and reluctance to be drawn into the conflict in Yemen, leaving Egypt to search for alternative sources of energy.

 

[Frogman]

I don't know if your serious or not, you very well know that I'm talking about the change in the currency's rate over a period of time. Going from 6 pounds for the dollar to more than 19 pound to the dollar under sisi's rule.

Volatility (along with other effects to the domestic market such as inflation) is a natural reaction to the devaluation of the pound. It will eventually settle around the 12-16 Pound to the Dollar region within the first quarter of 2017 according to several international banks.

To put things into perspective the Turkish Lira has risen 350% in front of the dollar in the same time frame (2001-) as the EGP (200%). There are other examples of comparatively similar economies (that required structural overhauls and devalued their currency eg Brazil, Japan, South Africa etc) that had even greater jumps.

A necessary step to overhaul Egypt's economy and one that was delayed for many years.

The alternative to this was to keep the set rate for the EGP concede to the black market and plunge ourselves into a greater currency crisis. The regime in charge whether it be Morsi or someone else now would have very little choice in regards to this and other decisions such as subsidy reform.

Look at the foreign reserves too

Highest since 2011. There is context here.

There are many other factors that goes into the GDP like the dollars' inflation over time and population growth. Please stop being ridiculous saying that comparing the current GDP to past years' GDP is an indication of an economy's health.

That's not what I said. GDP is still the most important statistic when it comes to the size of an economy. I'm arguing that the exchange rate is not reflective of a countries economic strength, it is reflective of the market and the availability of certain currency.

The entire point of me bringing all this up is to refute your assertion that the Egyptian economy is suddenly regressing. There is no indication of this.

Foreign Reserves = highest since 2011
F-D-I = Top in Africa and top 5 in the World for the past six months
Stock Exchange = Record high
Bond market = Strong
Deficit = At 12% but will fall steadily
Debt = aiming at below 100% by 2020
Outlook = Stable

Egypt's biggest challenge right now is tackling inflation in the domestic market and potential unrest over the prices of goods as well as managing shortages in goods, medicines, and, foods. Many institutions such as health are already doing a crappy job at this.

The way it's applied shows that the name is just a cover up, and is only used by the Military government to shut-down any form of descent.

Not saying they aren't political. But you would find that the protesters got their way in the end. Good result overall.

 

[mike2000 is back]

Why not buddy?
If MB can bring stupid Muslim countries together, i will welcome. Ofcourse if they don't decide to behead us shouting AllahuAkbar!!!
Currently stupid Muslim countries have 70 percent of world's overall resources with a population of almost 2 billion!!!
Imagine what happens if these stupids put their differences aside and work together?!!!! Obviously they can rule the world only if they put aside their stupidity and stop being a puppet of west. Look at their map :
View attachment 363077

You didn't answer me budd. Are you a Jew? Take it friendly. here i'm a new member and need information.

Lol what's the issue with some of you and religion? Therein lies the problem. You think more about religion before even your nationality/country. Lol
So according to you the Muslim world should be one. It's impossible, every country on earth is different from the other and has different interests,values, issues, objectives, etc. So to each their own.
Moreover, it's good to know you are a Muslim brotherhood sympathiser, simply because their have the name 'muslim brotherhood' lol. If anything they are just another Islamic extremist group with a radical ideology.
Plus, no stop blaming the west for all your ills/backwardness and sectarian bullshits. Heard that stuff too many times, it's now boring. Lol The fact that the Egyptian people quickly rose up against the islamic radical group MB should make you realise that extremist group would have made Egypt even worse.

And no I'm not Jew.

 

[EgyptianAmerican]

Lol what's the issue with some of you and religion? Therein lies the problem. You think more about religion before even your nationality/country. Lol
So according to you the Muslim world should be one. It's impossible, every country on earth is different from the other and has different interests,values, issues, objectives, etc. So to each their own.
Moreover, it's good to know you are a Muslim brotherhood sympathiser, simply because their have the name 'muslim brotherhood' lol. If anything they are just another Islamic extremist group with a radical ideology.
Plus, no stop blaming the west for all your ills/backwardness and sectarian bullshits. Heard that stuff too many times, it's now boring. Lol The fact that the Egyptian people quickly rose up against the islamic radical group MB should make you realise that extremist group would have made Egypt even worse.

And no I'm not Jew.

What is wrong with religion? Let him do as he wishes. So what if he places religion over nationality or country? that is his choice and should be respected regardless of what you think. I may hate Islamists like the MB for their hypocrisy and pure stupidity and absolutely outrageous ideas but hating on a person because he loves his faith is overstepping it.


Drop it.

 

[KediKesenFare3]

What is wrong with religion? Let him do as he wishes. So what if he places religion over nationality or country? that is his choice and should be respected regardless of what you think. I may hate Islamists like the MB for their hypocrisy and pure stupidity and absolutely outrageous ideas but hating on a person because he loves his faith is overstepping it.


Drop it.

Many political scientists in the West believe that the defeat of the MB supported by Sissi and Saudis is the main reason why DAESH is so "successful" today when it comes to religious movements in the MENA region. Btw, I liked the very liberal and market-based economy policies of the MB. They were truly fans of the free market.

 

[Mahmoud_EGY]

my personal opinion
after 30 6 ksa did help us and no one can deny that the former king understood the danger of the brotherhood and relations were very good after his death the current king clearly have different way of thinking from what i hear on the internet not officially we were asked to help with ground troops in yeman which we did not agree to the situation in iraq and syria ksa wanted us to follow their lead but we couldnt because we are fighting the same terror in Egypt it seems that ksa king thinks it is ok to work with erdogan and qatar our enemies and we cant work with our friends in syria and iraq and russia

 

[azzo]

http://uk.reuters.com/article/uk-egypt-red-sea-saudi-idUKKBN14I1GP

Egypt's government approves deal to hand two Red Sea islands to Saudi Arabia
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This proves what I had said before. Egypt's government succumbs to pressure and approves the "sale," totally ignoring the court's ruling (as expected).

 

[Frogman]

http://uk.reuters.com/article/uk-egypt-red-sea-saudi-idUKKBN14I1GP
Egypt's government approves deal to hand two Red Sea islands to Saudi Arabia
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This proves what I had said before. Egypt's government succumbs to pressure and approves the "sale," totally ignoring the court's ruling (as expected).

Misleading title and analysis. The Government has forced a Parliamentary vote on the matter (which is still likely to refuse the controversial deal) but the Judiciary will still make a ruling this January. Depending on what the Judiciary decides Parliament is likely to follow, if it doesn't it may cause an even deeper legal and constitutional battle. Every action along the way is likely to be contested by the Government, Judiciary, and lawyers against the deal. This is nowhere near done.