Regarding Egypt deal:
Egypt Faces a Significant Economic Challenge, Arguably Its Most Severe in Recent Memory and at the heart of this crisis lies economic and political factors. While the IMF and Gulf states have provided significant support in the past, their willingness to extend further free assistance or for returns like assets, land, ports, or even concessions on critical national security issues, is waning. This shift stems from current economic model, mainly influenced by the military's involvement, is unsustainable and prone to recurring crises.
Providing additional aid without addressing these issues, all argue, would be pouring money into a bottomless pit. Consequently, any future support is reportedly conditioned: scaling back the military's economic involvement to pre-Sisi levels or, at least, implementing reforms that demonstrate a clear commitment to a more sustainable model. This condition likely poses a significant challenge for Sisi and his military elite, as reducing the military's economic influence is perceived as politically impossible.
In response to this pressure, He has begun exploring any available means to alleviate the strain, possibly including the drone announcement or they might go far to an EEZ deal depending on what Erdogan has to offer. Some argue that the drone deal is actually for Sudan, especially considering rumors of previous drone acquisitions from Turkey for Sudan and the purpose of the announcement being a message to the UAE. Another analysis, with less potential for contradiction, suggests that the move is with Saudi permission if intended for Sudan after they recently headed to Iran for help.
The Middle East cannot afford the collapse of its most populous country
www.economist.com
