Two men I admire, U.S. Senator John McCain and Robert Kagan of the Brookings Institution, have recently argued that the U.S should suspend aid to Egypt after the army coup last week that ousted President Mohamed Mursi of the Muslim Brotherhood.
A few months ago, King Abdullah II of Jordan told me about his meetings with Mohamed Mursi, the now- deposed president of Egypt. The king wasn’t fond of Mursi, both because the Egyptian was a leader of the Muslim Brotherhood, and because Abdullah found Mursi exceedingly stupid.
So here’s a question that’s nagging at me as we watch millions of Egyptians express their loathing for Mohamed Mursi, their hapless, power-grabbing president, and for his Muslim Brotherhood movement: How exactly did the U.S. come to be seen by Egyptian secularists and liberals as the handmaiden of a cultish fundamentalist political party whose motto includes this heartening sentiment: “Jihad is our way, and dying in the way of Allah is our highest hope”?
When two Egyptian banks refused to give Ahmed El-Rifai the dollars his digital media company needed to pay Facebook Inc. last month, he turned to a more reliable source: the black market at a premium of about 8 percent.
Egyptian authorities have agreed to return property taken in yesterday’s raids on the offices of U.S. organizations working to promote democracy in the Middle Eastern nation, State Department spokeswoman Victoria Nuland said in a statement.
More than 100 bankers claim Commerzbank AG broke a pledge by Dresdner Bank, which it bought in 2009, to set aside about $516 million for bonuses and are asking a U.K. court this week to order that they be paid.