Incarcerated for almost two months in a gilded cage in Riyadh’s luxurious Ritz Carlton Hotel, Saudi billionaire businessman Prince Al-Waleed bin Talal appears to be putting up a fight that could challenge Crown Prince Mohammed bin Salman’s assertion that his two month-old purge of scores of members of the ruling family, senior officials, and businessmen constitutes a campaign against corruption.
Many of those detained in Prince Mohammed’s purge, dubbed by critics as a power and asset grab dressed up as an anti-corruption effort, have bought their release by agreeing to surrender significant assets. The government has said it hopes to recover up to $100 billion in allegedly illegitimately acquired funds and assets.
Prince Mutaib bin Abdullah, a favoured son of the late King Abdullah who was deposed as commander of the National Guard in a bid to neutralize the Saudi crown prince’s most potent rival, secured his release by agreeing to pay $1 billion and signing a document in which he confessed to charges of corruption.
In what appears to be the largest settlement demand, Prince Al-Waleed has, according to The Wall Street Journal, resisted pressure by the government to hand over $6 billion.
Instead, the prince has reportedly offered the government a significant stake in his Riyadh-listed Kingdom Holding that has invested in blue chips such as Citibank, Twitter, Four Seasons hotels, and Disney, and operates a media and entertainment empire. Kingdom Holding has lost 14 percent of its $8.7 billion market value since Prince Al-Waleed’s detention. The prince has also insisted that he retain a leadership position in his conglomerate.
With a fortune estimated by Forbes at $16.8 billion, Prince Al-Waleed reportedly believes that the cash settlement demanded by the government would put his empire at peril and amount to an admission of guilt.
That may indeed be the purpose of the exercise. A social reformer, who already years ago implemented within his own company changes of women’s status announced in recent months by Prince Mohammed, is Saudi Arabia’s most prominent entrepreneur who is continuously welcomed around the world by heads of state and government and business moguls.
The son of Prince Talal bin Abdulaziz, a liberal nicknamed the Red Prince, who in the 1960s and again in the first decade of the 21st century publicly criticized his family’s rule, Prince Al-Waleed is believed to have no political ambitions.
In resisting Prince Mohammed’s demands, Prince Al-Waleed is challenging an opaque and seemingly arbitrary process in which despite assertions by the government that it has conducted extensive investigations and collected substantial evidence of corruption, bribery, money laundering and extortion, there has been little, if any, discernible due process and no proof publicly presented.
Quoting sources close to Prince Al-Waleed, The Wall Street Journal reported that the businessman was demanding a proper investigation and was willing to fight it out in court. “He wants a proper investigation. It is expected that al-Waleed will give MBS a hard time,” the Journal quoted a person close to Prince Al-Waleed as saying. The person was referring to Prince Mohammed by his initials.
A court battle would put the government’s assertions of due process to the test and would also shine a spotlight on the integrity of Saudi Arabia’s judicial system. The risk involved in a legal battle is that the charges levelled against Prince Al-Waleed and others were common practice in a kingdom in which there were no well-defined rules governing relationships between members of the ruling family and the government as well as ties between princes and princesses who wielded influence and businessmen.
There is little doubt that Prince Mohammed’s purge is popular among significant segments of the population, half of which is classified as low- or middle-income families, that has long resented the elite’s seemingly unbridled perks.
Prince Mohammed has so far been shielded against questions of the source of his own wealth and that of his tack of the ruling family. Several immediate relatives of Prince Mohammed were last year identified in the Panama Papers leaked from the files of a law firm in the Central American nation that handled offshore business and transactions by the world’s mega-rich.
Media reports have since suggested that the prince had spent in recent years $1.25 billion on a $500 million yacht, a $300 million mansion in France, and a $450 million Leonardo da Vinci painting. Prince Mohammed has denied buying the art work that was acquired by a close associate of his allegedly on behalf of the Abu Dhabi Department of Culture and Tourism.
Shining the spotlight on the anti-corruption campaign in a legal battle with Prince Al-Waleed would come at a time that the government is unilaterally rewriting the kingdom’s social contract that involved a cradle-to-grave-welfare state in exchange for surrender of political rights and acceptance of Sunni Muslim ultra-conservative and Bedouin moral codes.
The government this week paid $533 million into a newly established social welfare fund to help families offset the cost of the imminent introduction of a five-percent value-added tax on goods including food, and services, as well as subsidy cuts that would substantially raise the price of electricity and gasoline. The government was forced earlier this year to reverse a freeze on public sector wage increases and perks and slowdown its austerity program because of anger and frustration expressed on social media.
Labor and Social Development Minister Ali al-Ghafees told the state-run Saudi Press Agency that approximately three million families or 10.6 million beneficiaries had already been paid the maximum relief of 938 Saudi riyals ($250) out of the newly created fund.
The government, moreover, this month announced a $19bn stimulus package that includes subsidised loans for house buyers and developers, fee waivers for small businesses and financial support for distressed companies. It also presented its new budget involving record spending in which funding of defense outstrips that of education in a country with a 12.7 percent unemployment rate. A Bank of America Merrill Lynch report predicted last year that youth unemployment could jump from 33.5 to 42 percent by 2030.
Prince Mohammed is banking on continued public support for his economic and social reforms, and on the fact that once the dust has settled foreign investors will forget whatever misgivings they may have had about the lack of due process and absence of rule law in the anti-corruption crackdown. Foreign diplomats in the kingdom noted that the businesses of those detained or penalized continued to operate and that no foreign interests were caught up in the purge.
However, to maintain his popularity, Prince Mohammed will have to manage expectations, deliver jobs, continue to massage the pain of austerity and the introduction of a new social contract, and ensure that the public continues to perceive his purge as an anti-corruption campaign in which the high and mighty are no longer above the law.
A legal battle with Prince Al-Waleed that publicly puts to the test the government’s assertions could upset the apple cart. That may be the leverage Prince Al-Waleed hopes will work in his favour as he negotiates his settlement from the confines of the Ritz Carlton.
Why Did We Forget The 1999 Earthquake?
The earthquake that happened in Marmara region in 1999 was a really big one. On 17 August 1999, a catastrophic magnitude 7.6 earthquake had struck Turkey, causing monumental damage with more than 18,000 deaths. After more than two decades what kind of precautions and policies has the Turkish state adopted to be ready for the next earthquake? I am afraid the answer to this question is not a satisfying answer for most of us…
Yesterday night, another catastrophic earthquake shook Turkey, this time the southern part of the country. A number of cities saw major damage. In Malatya, Kahramanmaras, Sanliurfa, Adana, Hatay and Diyarbakir several buildings collapsed including public buildings like that of hospitals and town halls.
According to the data from AFAD (Disaster and Emergency Management Presidency), the earthquake of 7.8 magnitude occurred at 04:17 A.M on February 6th 2023, and 130 aftershocks at maximum level of 6.7 followed the initial earthquake. According to State News Agency, Anatolian Agency (AA), over 3,380 people died as major earthquakes rocked Kahramanmaras, affecting several other regional provinces. However the data coming from CNN is different. CNN notes that, more than 4,300 people have died after the devastating earthquake ripped through Turkey and Syria, leaving destruction and debris on each side of the border.
M. Naddaf’s news story from Nature Journal cites Turkish scientist Seyhun Puskulcu, a seismologist and coordinator of the Turkish Earthquake Foundation based in Istanbul. According to Püskülcü, people in Turkey are well aware of their vulnerabilities to earthquakes. “This wasn’t a surprise,” says Puskülcü who was touring the cities of Adana, Tarsus, Mersin and west Turkey, delivering workshops on public earthquake awareness.
The big picture shows us a bitter reality: We did not take lessons from the 1999 earthquake. The earthquake happened the day before is really a major one but official authorities should have been prepared for such a crisis bearing in mind the warnings made for several times by the scientists.
Some Twitter posts are really meaningful showing the righteous rebel of Turkish citizens:
-Give power, see the effect, has anyone seen Mr. “One Man”?
-You spent all your black day coin as if there is no tomorrow, look at the situation we are in now! For God’s sake, can the state be run so carelessly? There’s no money in the cash box, what do we do now? We still have relatives that we have not heard from. You haven’t sent a person to that area yet.
– Isn’t it everyone’s debt regardless of political party to this country to try to prevent future earthquakes from causing so much damage, to question under what conditions the destroyed buildings, roads, airports have been built?
Haskoloğlu’s tweet:Tens of thousands of people are still desperately texting. There are still places where no help has gone. Don’t believe the news and statements that are shown on television as if only 10 buildings have collapsed. This is real disinformation. The situation is not good. Survivors may be lost to the cold.
Following the earthquake, the Turkish Red Crescent (Kızılay) has started the delivery of aid materials for Kahramanmaraş and all the regions affected by the earthquake. To learn how you can donate to Kızılay, you can go to this link.
In addition to Kızılay donation, if you’d like to help Turkey, Ahbap is a reliable and independent NGO working in coordination with state agencies for disaster relief. You can use the following info for donation:
USD IBAN TR320006400000210212150262
EUR IBAN TR150006400000210212150277
Protest in Iran: A Middle Eastern déjà vu with a twist of irony
A recent survey of Iranian public opinion suggests that the lack of confidence in a Middle Eastern regime is starkest in Iran, although crisis-wracked Lebanon, Egypt, or Syria may compete.
Surveyed in late December by the Netherlands-based Gamaan Institute, an overwhelming majority of the 158,000 respondents in Iran and 42,000 Diaspora Iranians in 130 other countries, rejected Iran’s Islamic regime. The poll was published days before Iran commemorates the 44th anniversary of the 1979 Islamic revolution.
The poll’s reach was achieved in part by Voice of America and London-base and Saudi-backed Iran International TV helping with the distribution of questionnaires. Iran International made no mention of its involvement in its reporting on the survey.
Iran, which has accused Iran International of fomenting anti-government protests and cited it as evidence of Saudi Arabia’s involvement, is likely to try and discredit the poll on those grounds.
For its part, Iran International asserted last November that Iran had plotted to kill two of its journalists.
As a result, Gamaan’s use of partisan distribution channels raises legitimate questions.
That doesn’t take away from the fact that respondents participated in the poll against the backdrop of anti-government protests that have continued for four months despite a harsh regime crackdown, including the sentencing to death and execution of demonstrators.
Middle Eastern autocrats are less afraid that the Iranian protests will be contagious like the 2011 popular Arab revolts that toppled the autocratic leaders of Tunisia, Egypt, Libya, and Yemen.
There is a twist of irony in reduced Middle Eastern anxiety. Twelve years ago, now embattled Iranian leaders claimed the Arab revolts had been inspired by their 1979 revolution that overthrew the Shah, a monarch and an icon of US power in the region.
That is not to say that Arab autocrats have no concerns today. On the contrary, the 2010s were bookended by the 2011 revolts and mass protests in 2019 and 2020 that overthrew governments in Lebanon, Algeria, Iraq, and Sudan.
Rulers in Egypt and Jordan, where rising commodity and energy prices, coupled in Egypt’s case with economic mismanagement, fear, together with their Gulf backers, that a black swan could spark an eruption of frustration and anger that is boiling at the surface.
Nevertheless, lack of concern about a domino effect bears witness to the yawning gap between Iran and much of the rest of the Middle East as well as doubts the Iranian protests that, at least for now, are fizzling out because of the crackdown and economic pressures, will lead to immediate regime change.
Even so, the stark results of the Iranian public opinion survey are likely to give rulers in Tehran and elsewhere in the region pause.
The fallout of the protest is likely to reverberate over time rather than immediately in Iran as well as regionally. It may also contribute to hardening US and Israeli attitudes against the backdrop of the collapse of efforts to revive the 2015 international agreement that curbed the Islamic republic’s nuclear program and alleged Iranian progress towards a nuclear military capability.
Some of the survey’s findings could not be starker.
Asked, “Islamic Republic: Yes or No?” a whopping 80.9 per cent of people in Iran said no. Not surprisingly, that figure was 99 per cent for Iranians abroad.
Similarly, 80 per cent of those in Iran supported the anti-government protests while 67 per cent believed they would bring about change.
Almost three-quarters, 73 per cent, wanted to see Western nations pressure the Iranian government in support of the protests. Seventy percent agreed with Western governments potentially proscribing the Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, expelling Iranian ambassadors, sanctioning officials involved in the crackdown, and seizing Iranian assets.
Twenty-two per cent of those in Iran said they had joined the protests, including participating in nightly chanting against the government; 53 per cent indicated they might. Thirty-five percent had engaged in acts of civil disobedience like removing headscarves or writing slogans; 44 per cent participated in strikes, and 75 per cent were in favour of consumer boycotts. Finally, eight percent said they had committed acts of “civil sabotage” while 41 per cent suggested they might.
A majority of respondents in Iran, 85 per cent, seemed to suggest that the protests and opposition to the regime needed an organizational structure. They said they were for creating a solidarity council or a coalition of opposition forces. Forty-two per cent agreed that the council should include those in Iran as well as Iranians abroad. Fifty-nine per cent expected the council to establish a transitional body and a provisional government.
The chance of such a council getting off the ground in Iran is remote at best. Moreover, Iranians were divided about what political system should replace the Islamic republic.
Inside Iran, 28 per cent and 32 per cent outside preferred a presidential system; 22 per cent in Iran and 25 per cent abroad favoured a constitutional monarchy, presumably with the return of Reza Shah Pahlavi, the Virginia-based son of the toppled Shah, while 12 per cent in Iran and 29 per cent outside want a parliamentary system.
Similarly, 60 per cent of those in Iran believed regime change was a prerequisite for meaningful change, but only 16% were proponents of a structural transformation and transition away from the Islamic Republic.
In the polling, Mr. Pahlavi emerged with a significant lead as the most popular potential candidate for membership in the council on a list of 34 names presented to respondents. Other candidates included footballers Ali Daei and Ali Karimi and activists like Hamed Esmaeilion and Shirin Ebadi.
Nevertheless, the likelihood of a return to power of a Pahlavi may be even more remote than the most recent wave of anti-government protests toppling the Islamic regime.
Even so, the thought that a popular revolt, the nightmare of Gulf autocrats, would topple the regime they view as the greatest external threat to their security and restore a monarchy seems ironic at the very least.
The current economic crisis in Egypt and the attempts to drag the Egyptian army into a war against Iran
The United States of America is trying to force Egypt to enter into a regional war against Iran for the benefit of the countries of the Arab Gulf region and Tel Aviv. Hence, the United States of America and its other partners in the international monetary and financial institutions are putting pressure on Cairo in this regard, through the arbitrary policies of the International Monetary Fund and its major shareholders. And on top of them: the United States of America, Britain, France and Germany, as an attempt to oblige Cairo to agree with them to confront Iran, and with Egypt having to resort to the International Monetary Fund for the fourth time since 2016, after that game of American, Israeli and Western intelligence in confronting the Egyptian army to force it to confront Iran, after the game of withdrawing a number of major international investors from the country for purely intelligence, political and military reasons in favor of the goal of confrontation. with the Tehran regime. This coincided with the practice of Washington and the Western powers, through their arms in Cairo, of several artificial economic crises, such as the shortage of foreign currency in the Egyptian market, the weakness of the Egyptian pound, the rise in inflation rates, and others.
For its part, the United States is trying to gather more allies in its war against Iran. In this regard, it is trying to persuade the European Union to join its alliance in the war against Tehran. Perhaps the big gap in the front of the United States of America remains the European Union, through which the Iranian regime wants to penetrate in order to weaken the American and Israeli position that is motivated and mobilized towards the danger of war. Perhaps because of the refusal of the countries of the European Union and the countries of the NATO military alliance to bow to the American and Israeli demands to enter into direct military confrontations against Iran, it was the main direct reason for the threat of former US President “Trump” to expel the United States from NATO membership and to keep Europe alone in front of the Russian threat, which might force the countries of the European Union, from the point of view of “Trump”, at the time to modify the views of the countries of the European Union and the countries of the NATO military alliance.
From my analytical point of view, what is happening in the region in terms of the American and Israeli attempt to mobilize against Iran with Gulf support, and the attempt to drag the Egyptian army to fight without its direct interest at the present time to confront mainly with Tehran, is a war with different faces and multiple players, but Iran remains the field. The main conflict is in a war fueled by central banks, the economic structure, oil, banking and trade at all levels.
On the other hand, the options available to Iran seem limited to confront the specter of the American-Israeli-Gulf war in confronting it, in addition to the ongoing economic war and the growing threats against it. The options against Tehran appear to be all accompanied by risks and risks. Internally, Iran has to convince its people to bear the policy of austerity, and externally, the Iranian regime is counting on the support of China, Russia, and the armed militias that support it in the countries of the region, perhaps to threaten through it to ignite the situation throughout the region and hint at the danger of the straits and sea lanes in the Red Sea. On top of them are the Straits of Bab al-Mandab and Hormuz and the Gulf of Aden. This may make the situation more complicated for America, Israel and their other allies in the event of entering into any uncalculated military confrontations with Iran, which Egypt and President El-Sisi are well aware of the enormity of engaging in any potential clashes with the Tehran regime.
The point of view of Egyptian President “Abdel Fattah El-Sisi”, as a former military intelligence man, and the Egyptian army, and their response to any attempts to enter into military confrontations with Tehran and try to convince the Arab Gulf states of that, is (the cost of war), in the sense of what the countries of the entire Gulf region and the region will incur by waging a similar war. guerrilla warfare and armed militias. As the issue of establishing and supporting armed militias in the countries of the region has become something that everyone knows and does not need proof. And the matter is not limited to Shiite militias backed by Iran, such as: (Lebanese Hezbollah, and the Houthis in Yemen), but Iran will also find, in the event that America, Israel and the Gulf enter military confrontations with it, great and direct support from Al-Qaeda and the nearby Taliban movement in Afghanistan. Borders with Tehran, and there are reports indicating the Iranian regime’s complicity with the terrorist organization of “ISIS”, and all of these organizations will be used once in the event of a military confrontation with Iran, and Iran will inevitably resort to re-enriching uranium very quickly and developing ballistic weapons and missiles to confront the imminent war. The entire Gulf and region will be destroyed, as well as the movement of the straits and sea lanes will be affected and the entire international trade movement will be paralyzed, and the security of Egypt, the region and the Suez Canal will be affected, which will disrupt the global trade movement.
And in light of the outbreak of any war against Iran, the Iranian decision-maker will be forced here to resort to and use these militias and armed groups, as a pressure card on neighboring countries, the United States of America and the Gulf. Based on this option, it is likely that the pace of terrorist operations will increase in the countries of the region in the coming period of time. This is clearly understood by President El-Sisi and the Egyptian army, so he distances himself from entering into any confrontations or clashes with Iran, not to push for the complete destruction of the region in favor of Israel in the first place, as it is the only beneficiary of that war, to spread chaos and unrest throughout the region, including the Gulf countries and Arab supporter of the war against Iran.
Perhaps that economic crisis fabricated by the West in the face of Egypt, its indirect result was that American and Western call through their monetary institutions, of the need to restore foreign direct investment as a real way out of the current crisis after the flight of investments estimated at about 20 billion dollars from investment in the Egyptian debt, according to intelligence reasons. Purely, as I mentioned in my analysis, because of the attempt of the extreme right and hardliners in Israel to enter into direct military confrontations with Iran with the generous support of the Gulf countries, and their attempt to drag the Egyptian army and involve it by force to defend Tel Aviv’s malicious dreams of bringing Cairo into serious military confrontations with the Tehran regime. Perhaps this is what the International Monetary Fund declared explicitly in favor of Washington mainly and in support of Tel Aviv’s hard-right policies, by announcing that Egypt will be affected by the global repercussions of the Russian invasion of Ukraine, with a funding gap of $17 billion over the coming years. This is the same as what “Ivana Hollar”, head of the International Monetary Fund’s mission to Egypt, declared:
“The reform program of the authorities in Egypt must give a greater role to the private sector, which is urgent, and it is very important that the state ownership policy be approved at the highest levels, including by the president”
This is what Egyptian President Abdel Fattah El-Sisi understood with the mentality of a military intelligence man, as a former head of the Military Intelligence Service in Egypt, by trying to exert maximum American and Israeli pressure on Cairo in order to enter into a confrontation with unsafe consequences to confront Iran, by giving “El-Sisi” his orders to form a “crisis committee”, to follow the situation on a weekly basis as soon as the Russian invasion of Ukraine begins, as well as current events. President El-Sisi also instructed the army to provide food commodities to citizens, after President Putin’s war against Ukraine caused the largest global food crisis, if we add to it those reprehensible American and Israeli attempts to force the Egyptian army to enter into direct military confrontations with Tehran. Perhaps this was one of the main reasons, from my analytical point of view and my reading of the general political and economic scene in Egypt, behind those tours that Egyptian President “El-Sisi” made in the Arab Gulf region, specifically those presidential tours to (Saudi Arabia, the Emirates, and Qatar).
Then, the Egyptian government, represented by the “Egyptian Council of Ministers”, issued an official report issued, based on directives and presidential orders from President El-Sisi to address the Egyptian people, in a framework of transparency to address in this report the most important issues related to the general economic situation in the Egyptian state during the year 2022. Specifically, and in the context of the official report issued by the Egyptian Council of Ministers, 17 main claims and allegations were answered, in terms of (the size of the external debt, the state’s general budget, the exchange rate, the state’s credit rating, as well as the feasibility of national projects, the terms of the Monetary Fund loan, and the rise in prices. Crisis in the situation in banks), and other issues that occupied the Egyptian street during the last period.
This brings us to the general political scene in Tel Aviv, and that successive Israeli pressure on the regimes of the Arab Gulf states for a possible and imminent attack on Iran, and perhaps that is the main reason for the use of an Israeli extreme right-wing government at the present time, which facilitated the Israeli Prime Minister “Benjamin Netanyahu” to form an alliance that is the largest of its kind in the history of Tel Aviv is the far-right parties and the religious extremists, who are pushing for the inevitable confrontation with the Tehran regime to protect the interests of Tel Aviv.
Where the Israeli hard-right, led by Israeli Prime Minister “Benjamin Netanyahu”, raises many slogans in the direction of war against Iran, including: preserving the security of the region, assisting the Gulf countries that have signed peace agreements with Israel and others, such as the UAE and Bahrain, and indirect support for Saudi Arabia in the wake of these multiple Houthi attacks on Saudi oil facilities, and the Iranian-backed Houthi militias targeting Saudi Aramco facilities in the Red Sea, which Iran denied, in addition to the “Netanyahu” government’s promotion in Israel towards war among most segments of Israeli society, under many and varied allegations, such as: stopping Iran from acquiring nuclear weapons, and promoting that this has become one of Israel’s most important priorities in its foreign policy.
In the event of a confrontation between Israel and Hezbollah, the turmoil emanating from Syria and the control of ISIS, which has swept the greater part of the region, will reach directly to the Egyptian border. This particular development was raised by President El-Sisi in an official and popular public speech to him, emphasizing:
“We do not need additional complications related to Iran and Hezbollah”, adding: “I am against war, as crises can be resolved through dialogue”
This confirms the Egyptian President Abdel Fattah El-Sisi’s endeavor to avoid the region witnessing any tensions, especially between the Arab Gulf and Iran, or witnessing further escalation with the help of Washington and Tel Aviv. Egyptian President “Abdel-Fattah El-Sisi” left no doubts about his position, assuring that:
“The Middle East does not need security in the Gulf, which constitutes a red line. We believe in Egypt that any threat to the Gulf states also affects our national security”, with President El-Sisi acknowledging in several official speeches to him, that:
“Security in the Gulf constitutes a red line, and we believe in Egypt that any threat to the Gulf states also affects our national security”
Tel Aviv, along with Washington, has also become involved in promoting between the countries of the region and the Gulf, primarily about the feasibility of a military war against Iran, and exporting a file for Israel’s fear of Iran’s interference in countries close to its borders, with leaks that Tehran has supplied a group of ballistic missiles and precision ammunition to its proxies in “Hezbollah group” in Lebanon and in Syria as well. Therefore, Israel announces its fear of the nuclear agenda to produce nuclear weapons for Iran and the equipment that carries it as a threat to the security and safety of the entire region and the Gulf in particular as an ally of the Tel Aviv regime through normalization and peace agreements with it. Hence, the attempts of Israeli intelligence and its Mossad apparatus to strike a number of nuclear reactors in the Iranian city of Isfahan are attempts that the Israelis are promoting internally, regionally and internationally, as a “part of Israel’s attempts to strike Iranian capabilities and prevent them from supporting their proxy groups in the region”
The fundamental question remains here, when talking about how all regional and international parties view the extent of support that China and Russia can provide to the Iranian regime in the event of war with Israel and the Gulf, with direct US-Western support? The answer to this question will make us analyze the reasons for Washington’s efforts to curry favor with the political system in Egypt in the first place, through the visit of US Secretary of State “Anthony Blinken” to Cairo and then his departure to Tel Aviv as part of the American game of moves and probing the pulse of Egypt and the countries of the region. Perhaps relying on Chinese and Russian support for Iran will be one of the strongest cards that the Iranians bet on, especially given the existence of vital and necessary Egyptian and Gulf interests with the Chinese and Russians in the first place. This is what China stated directly, that it is likely to continue buying Iranian oil after the conclusion of the second phase of sanctions against Tehran in November 2018. “Mohsen Karimi”, as deputy governor of the Central Bank of Iran, confirmed in official statements published to him in the Persian media on Monday, January 30, 2023, that (Iran and Russia) have linked the communication and transfer systems of their banks to each other, to help promote commercial and financial transactions under the sway of Tehran and Moscow to Western sanctions.
This Russian financial and economic support for Iran has been mainly since the re-imposition of US sanctions on Iran in 2018, after Washington withdrew from the nuclear agreement concluded between them in 2015, which was mainly between Tehran and the world powers, after which Iran was separated from the “Swift” financial network, as an International Bank Transfers, which is headquartered in Belgium. The similar restrictions have been imposed on a large number of Russian banks since Moscow’s attack on Ukraine in February 2022. This is what was confirmed by “Mohsen Karimi”, deputy governor of the Central Bank of Iran, in a public challenge to Washington and the West with the help of China and Russia, by stressing that:
“Iranian banks no longer need to use the Swift system for transfers and financial transactions with their Russian counterparts, which can all the parties may open letters of credit, transfers or joint guarantees between the two parties”
This was confirmed by the Russian Central Bank, in agreement with the Deputy Governor of the Central Bank of Iran, “Mohsen Karimi”, stressing that “about 700 Russian banks and 106 non-Russian banks from 13 different countries will be linked to a new credit and banking system.” This is without going into details about the names of foreign banks that will accept such banking and financial trading away from the global financial system of “SWIFT” for financial and monetary trading, which is officially approved internationally.
This is precisely understood from him, as the Chinese and Russians did not leave Iran alone in the midst of the danger or the wind of any imminent military war against them. Perhaps, in this case, Russia will try to take revenge on Washington and Tel Aviv with generous military and economic support for Iran, especially in light of its facing sanctions by the United States of America and the European Union.
This brings us to the political scene in Egypt in a more precise and objective manner, emphasizing the smooth and clear vision of the Egyptian approach in Cairo, and that Egypt actually does not share the concern of the Gulf countries about the West’s nuclear agreement with Iran, just as Egypt did not adopt the assessment expressed by the United States of America that Iran It supports terrorism, in addition to the fact that Egypt plays a very conservative role in the Saudi-led coalition against the Houthis, who are sympathetic to Iran.
Hence, we conclude, based on our reading and analysis of the general scene, that this economic crisis in Egypt is fabricated by the Americans, Israelis, Westerners, and even the Gulf states, to push the Egyptian army, as the strongest armies in the region, to bear the cost and burden of the war, which is not fundamental to Egyptian interests on behalf of everyone. precedent for Egypt, in addition to the withdrawal of a number of foreign investors, mainly, suddenly and at once, and at the same precise and sensitive time from the Egyptian financial market within the framework of “pressuring the Egyptian regime, in order to respond to the conditions of the International Monetary Fund, and those in charge of it politically and economically in the first place, who are Washington and its allies in the West, As a part of a systematic campaign against Egypt and its army to bear the cost and burden of the war against Iran on behalf of Israel, the Gulf and everyone, and in favor of competition between Washington, Beijing and Moscow as allies of Iran in the Middle East.
Why should Myanmar put its cards on Bangladesh
With Myanmar being the 6th country to recognize the independent Bangladesh on 13th January 1972, it has been more than...
New generation of artificial hearts promises lifeline to patients
The human heart beats 100 000 times a day, every beat circulating blood, oxygen and nutrients to all parts of...
NYT: The European Union is far from ready to accept Ukraine
European Union leaders visiting Kyiv last week offered financial help and lasting support to Ukraine as it tries to defeat...
Markets are bracing for more disruption while Europe reinforces ‘oil war’ against Russia
The European Union’s ban on Russian oil product exports is slated to kick in on Feb. 5. It is thought...
RAND Corp.: U.S. Policy in the Russia-Ukraine conflict
RAND Corp. could not stand aside and published its assessments and proposals, which show that instead of an analysis of...
Why Did We Forget The 1999 Earthquake?
The earthquake that happened in Marmara region in 1999 was a really big one. On 17 August 1999, a catastrophic...
How to Deal with Exam Stress and Anxiety
The exam is breathing down your neck, saying: “Hi, it’s me, and you’d better be afraid of me!” You should...
World News3 days ago
February 19: An anti-interventionist coalition to March to White House from Lincoln Memorial
East Asia4 days ago
Xi Jinping’s visit to Russia and America’s hostile policy towards China-Russia rapprochement
Economy4 days ago
Prospects of Vietnam’s Economic Growth in 2023
Southeast Asia4 days ago
The Irony of Indonesian Media Disaster Communication
Middle East4 days ago
Drone attacks on Iran may lead to severe consequences
Economy4 days ago
The suffocating economy of Iran
Americas3 days ago
A Balloon and Two States
World News3 days ago
India rejected the collective West’s destructive attempts to polarise the world order