Tag Archives: bail-out

Obama Admin to give $1 billion to Egypt while Egypt takes up with Iran

The Washington Free Beacon: According to U.S. officials, the head of the Egyptian General Intelligence Service, Maj. Gen. Murad Muwafi, met in early August with a senior official of Iran’s Ministry of Intelligence and Security (MOIS).

Disclosure of the Egyptian-Iranian intelligence meeting comes as the Obama administration is planning to provide $1 billion in aid to bail out Egypt’s new Islamist government. The administration is said to be seeking closer ties to the new regime in Cairo, following the ouster in February 2011 of long-time ally Hosni Mubarak.

Many members of the pro-democratic, anti-Muslim Brotherhood opposition in Egypt believe the Obama administration has made a covert pact to support the Morsi regime.

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