Africa > North Africa > Egypt > Egyptian President Mohamed Morsi

Egypt: Egyptian President Mohamed Morsi

2012/12/19

Mohamed Morsi is the fifth and current President of Egypt, having assumed office on 30 June 2012. Educated in Egyptian public schools and universities, he was granted a scholarship from the Egyptian .

President Mohamed Mursi travels to Brussels on Thursday for his first visit to Europe since becoming Egypt's first freely elected leader in June, hoping to reassure the European Union of his democratic credentials and win pledges of economic aid.

European governments are keen to build up ties with Egypt after the collapse of Hosni Mubarak's authoritarian policy last year, but want assurances that Cairo's Islamist government will remain an ally of the West and an example to the region.

Mursi's visit will be clouded by attacks late on Tuesday when protesters against a U.S.-made film depicting the Prophet Mohammad scaled the walls of the U.S. embassy in Cairo and tore down the American flag. In Libya, gunmen attacked the U.S. consulate in Benghazi and killed the U.S. ambassador and three other diplomats.

"The political context of this visit is very significant," a senior EU official said. "Egypt is now debating its next constitution which will be key for the country ... and we hope a reference for the rest of the Arab nations."

Financial assistance is a crucial issue for Mursi, after last year's revolt against decades of Mubarak's policy damaged tourism revenues and foreign investment.

Egypt has already requested a $4.8 billion loan from the International Monetary Fund in the hope of a transaction by the end of year, and has asked for 500 million euros ($644 million) of aid from the European Commission, the EU executive.

But its needs could be far bigger. A senior EU official said on Wednesday that it may need financing better than $10 billion to shore up the national budget and rebuild investor confidence after 18 months of political turmoil.

The European Union has from now on to make a decision on aid, but is preparing for possible discussions on a free trade agreement with Egypt, which could start in the coming months.

In the United States, the government of President Barack Obama hopes to go to Congress soon with a plan for using $1 billion in debt relief to help stabilize the Egyptian economy and expand its private sector, a senior U.S. National Department official said last week.

The talks in Brussels are expected to cover economic support, job creation, agriculture, energy and European private sector investment in Egypt, inclunding the Cairo government's aspirations to develop gas and renewable energy industries.

Mursi will as well have to address questions over a new constitution for Egypt, as talks in Cairo stall over the role of Islam in law.

He is aiming to persuade the West that it can transaction with an Egypt governed by a president who rose to power under the Muslim Brotherhood, a group opposed to Israel and with which Washington only opened formal ties last year.

European officials say they want to make clear links between aid given to Egypt and democratic reforms, as a signal to other nations in North Africa that new EU rules on assistance to Europe's neighbors are working.

Mursi travels to the United States later this month. In Brussels, he will meet European Commission President Jose Manuel Barroso, foreign policy chief Catherine Ashton and Herman van Rompuy, president of the European Council, which represents EU national governments. ($1 = 0.7759 euros)

Related Articles
  • Top 10 Most Attractive Investment Destinations In Africa

    2017/08/20 Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.
  • Africa's Relationship With China Is Ancient History

    2017/07/02 In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
  • Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina

    2017/07/02 Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
  • Egypt A balancing act

    2017/05/30 Egypt A balancing act
  • Climate change laws around the world

    2017/05/14 There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation. The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.