Egyptian President Abdel Fattah El Sisi, right, meets Iranian Foreign Minister Abbas Araghchi at the Presidential Palace in Cairo on Thursday. AP
Egyptian President Abdel Fattah El Sisi, right, meets Iranian Foreign Minister Abbas Araghchi at the Presidential Palace in Cairo on Thursday. AP
Egyptian President Abdel Fattah El Sisi, right, meets Iranian Foreign Minister Abbas Araghchi at the Presidential Palace in Cairo on Thursday. AP
Egyptian President Abdel Fattah El Sisi, right, meets Iranian Foreign Minister Abbas Araghchi at the Presidential Palace in Cairo on Thursday. AP

Iran's Foreign Minister Araghchi in Egypt to seek support against Israeli retaliation


Hamza Hendawi
  • English
  • Arabic

Iran's Foreign Minister Abbas Araghchi met Egypt's President Abdel Fattah El Sisi in Cairo on Thursday as part of a Middle East tour to persuade regional US allies to put pressure on Washington to limit the scope of Israel's possible retaliatory attack.

Mr Sisi's meeting with Mr Araghchi focused on regional developments, with the Egyptian president emphasising the need to prevent the wars in Gaza and Lebanon from broadening into a region-wide conflict, according to a statement from the Egypt's presidency.

“A comprehensive region-wide war will have grave consequences for the security and future of every nation and every people in the area,” the statement quoted Mr El Sisi as saying.

Mr Araghchi, who also met Egyptian Foreign Minister Badr Abdelatty, is the first Iranian foreign minister to visit Egypt since January 2013.

Mr Abdelatty delivered a message to the Iranian minister similar to the Egyptian leader's, according to a foreign ministry statement. “It's important that the region avoids being dragged into a calamitous confrontation that will lead to a large-scale regional war with destructive consequences for all parties,” the statement quoted the Egyptian minister as saying. “No country will be immune to the fallout from such a war.”

Mr Araghchi flew to Cairo late on Wednesday from Amman where Jordan's King Abdullah told him his US-allied country “will not be a theatre for regional conflicts” and emphasised the need for de-escalation.

Mr Araghchi's tour – he will next visit Turkey, another US ally – was aimed at persuading the three countries to not allow Israel or the US to use their airspace to launch an attack on Iran, sources told The National.

He is also cautioning the region's US allies that Washington's interests in the region would be a legitimate target if Israel attacks Iran's oil or nuclear facilities, according to the sources.

Israeli Prime Minister Benjamin Netanyahu has agreed to limit his country’s response after Iran's missile attack two weeks ago, sparing its oil infrastructure, the backbone of its economy, according to US reports.

Both Egypt and Jordan have peace treaties with Israel, but their relations with Mr Netanyahu and his right-wing government have been fraught with tension since the Gaza war broke out a year ago.

Jordan played a role in shooting down some of the Iranian missiles fired at Israel on October 1. Jordanian officials have said the military would also not allow Israel to use its airspace.

Egyptian Foreign Minister Badr Abdelatty said 'no country will be immune to the fallout' from a wider Middle East war. EPA
Egyptian Foreign Minister Badr Abdelatty said 'no country will be immune to the fallout' from a wider Middle East war. EPA

Jordan is among the Arab countries Iran has threatened if they help Israel in the widely anticipated strike, The Wall Street Journal reported last week. Although Jordan and Iran have diplomatic relations, the kingdom has not had an ambassador in Tehran for years because of Amman's objections to Iranian policies in the region.

Egypt's relations with Iran have been strained for decades, primarily over Cairo's decision to provide the shah of Iran sanctuary in the wake of his ousting in the country's 1979 revolution. While the two nations have sought to normalise relations in recent years, the process was halted when its architect on the Iranian side, president Ebrahim Raisi, died in May in a helicopter crash.

Iranian-Egyptian relations have soured since the outbreak of the Gaza war, with Cairo voicing its disappointment to Tehran over its reluctance to prevent attacks on Red Sea shipping by the Iranian-backed Houthi rebels in Yemen. In a wider context, Egypt has also been dismayed by what the sources described as Iran's use of its proxies in Lebanon, Yemen and Iraq to fuel tension conflict in the region and bring closer the prospect of a wider war.

The attacks on Red Sea shipping have significantly hit Egypt's revenue from the Suez Canal, a strategic waterway that links the Red and Mediterranean seas and a major source of foreign currency to the cash-strapped Cairo government.

Mr Abdelatty, according to the Egyptian Foreign Ministry statement, discussed with his Iranian counterpart the “dangerous developments in the Middle East, including the Red Sea”. It did not elaborate.

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In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

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