Gulf states firmly stand by el-Sisi

ABU DHABI: The new president of Egypt has received the solid backing of his allies in the Gulf who value Abdel Fattah el-Sisi s government as important for the stability of the region in the fight against extremist violence, said a U.A.E. daily newspaper.

“The Gulf countries also recognise Egypt s dire economic situation and Saudi Arabia s King Abdullah bin Abdul Aziz has asked countries to attend a donor conference for Egypt, in a call that was backed by President His Highness Sheikh Khalifa bin Zayed Al Nahyan,” said Dubai-based Gulf News in its editorial today.

The planned donor conference should not be limited to Egypt s Arab allies and it should include international bodies like the International Monetary Fund, World Bank and European Union.

They can utilise both their access to substantial international funds and their skill in working with governments to manage economic reform for the country s long-term benefit, without causing too much social dislocation over the short term.

“King Abdullah took the opportunity to call for the Friends of Egypt conference to make a political point when he also warned that any country that did not contribute to Egypt s future despite having the ability to do so would “have no future place among us,” added the paper.