Showing posts with label normalization of relationships. Show all posts
Showing posts with label normalization of relationships. Show all posts

Monday 3 June 2024

Anti Israel sentiment sweeping Egypt

Public sentiments against Israel have been growing among Egyptian people since the Tel Aviv launched war on the Gaza Strip on October 07, 2023.

The recent deaths of two Egyptian soldiers at the hands of Israeli troops have fueled considerable resentment against the Zionist regime. 

Abdallah Ramadan was killed in an exchange of fire between Egyptian and Israeli forces near the Rafah Border Crossing in the southern Gaza Strip on Monday. Ibrahim Islam Abdelrazzaq, the other soldier, later succumbed to the injuries he sustained in the gun battle.

Their deaths also sparked anger on social media platforms, the only window for freedom of speech in the Arab country. Many social media users called the soldiers martyrs and heroes who have sacrificed their lives to defend the country. 

They blamed the Egyptian army for not organizing full military funerals for the slain soldiers.  

This came amid heightened tensions between Cairo and Tel Aviv after the Israeli army took control of the Gazan side of the Rafah Crossing on May 07 following a ground assault on the city. 

More than half of Gaza’s 2.3 population had been crammed into Rafah before Israel carried out an incursion into the city and took control of a buffer zone along the border between the strip and Egypt.

According to the UN, over one million people have fled Gaza since Israel’s assault on the city nearly a month ago. 

Egypt has already issued a stern warning to Israel over the Rafah offensive amid reports that the regime seeks to forcibly transfer Gaza’s population to the Sinai Peninsula. 

The recent gun battle incident has plunged relations between Egypt and Israel to a new low.

According to the Wall Street Journal, Egypt told Israel it will not hesitate to respond militarily if it feels its security has been threatened.

Egypt says the Israeli military presence in the Gaza buffer zone appears to violate the Camp David Accords of 1978, the US-brokered agreements that led to a peace treaty between Cairo and Tel Aviv a year later. 

Following Israel’s incursion into Rafah, reports suggested that Egypt had threatened to suspend the treaty if the Rafah offensive continued. 

Egypt has also announced it will formally join the case filed by South Africa against Israel at the International Court of Justice, which accuses the regime of genocide in the Gaza Strip. 

Israel says its offensive in Rafah, which has sparked global condemnation, is in line with its efforts to achieve total victory over Hamas and destroy the resistance group. 

This dream has remained elusive in the face of growing support for the Palestinian resistance. Prime Minister Benjamin Netanyahu has also been accused of seeking to prolong the war for his political purposes.  

In the meantime, the gun battle between the Israeli and Egyptian forces clearly indicates that the Netanyahu regime does not scruple to violate the accords that Tel Aviv signed with Cairo 45 years ago, for its military and political goals. 

Israel has also signed normalization deals with some Arab states over the recent past years. Palestinians have called these agreements a stab in the back of the Palestinian people and their cause. 

People in Egypt and other Arab countries that have normalized ties with Israel regard Israel as their number one enemy. 

Such resentment and Israel’s warmongering attitude toward Egyptian forces should serve as a red flag for states seeking to build relationships with the regime. 

Israel is an apartheid regime that has butchered more than 36,000 Palestinians in the nearly eight-month-old war on Gaza. Normalization deals cannot change the savage nature of Israel. As the saying goes, a leopard cannot change its spots!

 

Wednesday 2 February 2022

Abu Dhabi to invest US$10 billion in Israel

The biggest news from Israeli President Isaac Herzog's visit to the United Arab Emirates was not to do with diplomacy or defense but the huge amount Abu Dhabi plans to invest in Israel.

According to the sources privy to the details, UAE Crown Prince Mohamed bin Zayed has decided to unfreeze US$10 billion in Israeli companies that he had promised to former Prime Minister Benjamin Netanyahu.

The UAE's large sovereign funds will divide the investments between them, including the ADIA Fund and the Mubadala Fund, although the first fund that will enter the Israeli market is the ADG (Abu Dhabi Growth) Fund, part of the ADQ Group. This fund plans investing US$200 million in Israeli companies during the year 2022, and a similar sum each year over 10 years.

A senior source, Abu Dhabi has been waiting patiently for the Israeli political scene to stabilize before renewing the process of fulfilling bin Zayed's promise. Herzog's visit, personal, diplomatic but not political, meant that he was the right person at the right time to officially initiate the investment process.

ADG Fund Chairman Faris Mohammed Al Mazrouei met with several members of the small Israeli delegation that accompanied President Herzog. At meetings in Abu Dhabi, the Israelis and Emiratis spoke about the mechanisms for the investment and how organizations like the Manufacturers Association of Israel and the Israel Export Institute would help direct the investments.

Another important link in the chain will be Start-Up National Central, which in recent years has specialized in matching up Israeli startups with investors. Start-Up National Central CEO Avi Hasson, who traveled to the UAE as part of President Herzog's delegation, informed that the unfreezing of the US$10 billion by the UAE for investment in Israel was highly significant for both the countries. He said that the Emirati use the investment funds as a strategic tool and are expressing through the funds the importance with which they see relations with Israel.

Hasson thinks that Israel is perceived by the Emirati as a symbol of innovation and progress due to the companies located here, and therefore it represents a good investment. "This is not philanthropy or a political investment fund," he said. "The Emirati are seeking profits from their investments. We do not have a commercial agenda but extensive knowhow of the abilities in the advanced technology sector and the ability to connect Israeli companies with the precise needs of investors."

Hasson stressed there has to be a match between the Israeli ‘here and now’ approach and the slower UAE approach of first building trust through a genuine connection between the parties and only then moving forward.