Reactions to Egyptian army’s political roadmap range from rejection by Islamists to support from Gulf monarchs

By bne IntelliNews July 5, 2013

Domestic and international reaction to the Egyptian army's imposed roadmap for the country's political future varied from street violence to open support.

Domestically

Waiting no time following the ouster of President Morsi, the generals true to their roadmap for the political future of the country hastily oversaw the swearing in of Judge Adli Mansour, the Supreme Justice of the Constitutional Court, as interim President of Egypt. President Mansour gave a conciliatory speech to the nation inviting all political forces, including the Muslim Brotherhood from whose ranks hailed former President Morsi, to participate in the transition towards an inclusive democratic political system. On its part, the Muslim Brotherhood leadership asserted that President Morsi was ousted in a coup d’état refusing to cooperate with the new authorities and calling on its members to take onto the streets in support of Morsi. In the aftermath of Morsi’s ouster, several violent clashes took place between pro- and anti-Morsi camps throughout the country leaving a handful of deaths and a few hundred wounded although Cairo was relatively calm. On the first day of trading in the post-Morsi era, local investors gave a resounding vote of confidence in the new leadership and its roadmap with the EGX-30 index of leading stocks soaring by 7.31%.   

Regionally and Internationally

Gulf Arab petro-monarchies lead by Saudi Arabia openly supported the army's roadmap. In a note published by the Saudi Press Agency, Saudi King Abdallah thanked the new authorities for their action. His support may have been fuelled in part from fear of an Egypt lead by Islamist Morsi may embolden home grown Islamists against the rule of the Saudi monarchs. But also the re-entry into domestic politics of the Egyptian army, deemed as central to the regional balance of power against the likes of Iran, gives Saudi Arabia greater leverage and a larger room for manoeuvre in regional politics.

Meanwhile, Western capitals caught between a rock and a hard place trying to remain true to their democratic principles and having had to deal for a year with an inept Morsi leading the Arab world’s most populous nation were careful not to be seen backing the generals’ intervention in politics while urging the new authorities to complete the handover to democratically elected President and parliament as soon as practically possible.

Related Articles

Iran, Syria sign raft of memoranda and deals

Following the purge of foreign-backed rebels in the devastated Syrian city of Aleppo by Iranian, Lebanese and Russian forces, Damascus’s prime minister Imad Khamis was in Tehran to sign five ... more

Egypt could return to emergency rule amidst deadly bomb explosions

A spate of explosions in Egypt over the long weekend marking the birthday of Prophet Mohamed culminated in the detonation of a bomb at a church attached to the Coptic Christian Cathedral that ... more

Egypt’s inflation spikes post November currency floatation, rate hike expected

Egypt’s annual inflation rate spiked in November to hit its highest levels since July 2008, reflecting the effects of the general rise in price levels of goods since the Egyptian pound’s ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss