Stronger Egyptian-Iranian ties could undermine US foreign policy: US failure to help contain the dispute between Egypt and Saudi Arabia could jeopardize American efforts to contain Iran, as Egypt looks more reticent to fully normalize relations with Iran, Haisam Hassanein writes for the Hill. He argues that Egypt’s fear of Sunni Islamism, Egypt’s desire to re-position itself as the regional power, and its deep financial crisis is driving it to push for a regional alliance with Iran, something which would undermine US policy.
More from Enterprise
CIB CEO Hisham Ezz Al Arab on why Egypt is ready to welcome digital-native banks
“Egypt is at the brink of an inflection point with…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Instapay hits profitability as demand keeps up one year into 0.1% transaction fee
Instapay has also become the bridge between bank accounts and…