in the tumultuous two years
since President Abdel Fattah el-Sisi of Egypt came to power, one ally has kept the
Arab world’s most populous country from economic ruin: Saudi
Arabia pumped more
than $25 billion into the faltering Egyptian economy, dwarfing aid from the
United States.
The Saudis may have thought
they were buying loyalty. But Egypt’s vote last month for a Russian United
Nations resolution on Syria threatens to unravel Mr. Sisi’s relationship with
Egypt’s most crucial benefactor.
Shortly after the vote, the
Saudi ambassador to Egypt left Cairo for an unscheduled three-day visit to
Riyadh. The state-owned Saudi oil company, Aramco, postponed a promised
shipment of 700,000 tons of discounted oil in October, and the spokesman for Egypt’s
oil ministry said the fate of November’s shipment remains unknown.
Then last week, the Saudi head
of a major Islamic organization, who has since resigned, publicly mocked Mr.
Sisi, exposing the rift in a new way.
Ahmed
Moussa, a prominent Egyptian talk show host and staunch supporter of Mr. Sisi,
was one of many Egyptian commentators who reacted angrily.
“They want to make Egypt
kneel,” Mr. Moussa said
of the Saudis, then offered his own threats. “Don’t you ever think
you can pressure Egypt into backtracking,” he said. “Its decisions are
sovereign. We don’t owe anyone anything. We are the ones who are owed.”
The fraying of the alliance
between the two most influential Sunni nations is unfolding amid increasing
sectarianism across the region. And the potential loss of Saudi support could
hardly come at a worse moment for Egypt, whose economy is crashing amid a
devaluing of its local currency, reduction in imports, and tourism tailspin.
Inflation
in Egypt is at 14.6 percent, almost double the figure a year ago, and the
government is awaiting approval of a $12 billion loan from the International
Monetary Fund, which is likely to be conditioned on rolling back energy
subsidies that could create political instability.
Saudi
Arabia is itself grappling with the global decline in oil prices, and many of
its longstanding political practices have been upended by Mohammed bin Salman,
the deputy crown prince, who is now defense minister and the head of a powerful
new council that oversees the state oil company.
Under
Prince Mohammed, Saudi Arabia is going through a period of muscular nationalism
and is trying to assert its weight as a Sunni regional power, particularly in
trying to counterbalance Shiite Iran.
That
has created a sense of wounded pride among Egyptians, who have long thought of
their nation as the leader of the Arab world. They tend to be uncomfortable
with their economic dependence on Saudi Arabia and sometimes dismiss the Saudis
as oil-rich upstarts.
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