Egypt's Morsi to attend summit in Iran
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Sun August 19, 2012 9:19 am

EGYPT. Egyptian President Mohamed Morsi plans to attend a summit in Iran this month, state media reported on Saturday, on the first such visit since Cairo severed ties with Tehran more than three decades ago.

The official MENA news agency quoted a source in the presidency as saying Morsi will attend the Non-Aligned Movement summit in Tehran on August 30-31 at which Egypt will transfer the bloc's rotating leadership to Iran.

Cairo and Tehran severed diplomatic relations after the 1979 Islamic revolution in Iran, and Egypt has accused Tehran of backing militants on its turf.

Morsi, the country's first Islamist president, has been expected to improve ties with Tehran since his inauguration on June 30. It is unclear whether Morsi will hold two-way meetings with Iranian officials during the visit.

Under ousted president Hosni Mubarak, several attempts were by trade ministers and business leaders to bolster economic ties. But they stirred objections from the foreign ministry and intelligence circles, officials said at the time.

On Thursday, the United States said it had told Secretary General Ban Ki-moon that the NAM summit in Iran sent a "strange signal" after Tehran reported that the UN chief would also attend.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 29, 2016
SAUDI ARABIA. SAGIA announced in early 2016 their plan to focus on priority sectors identified as having a direct impact on economic and human development, including healthcare.
date:Posted: April 29, 2016
INTERNATIONAL. The investment community is significantly more likely than CEOs to consider misaligned performance incentives as a barrier to change: almost half (49%) of investors surveyed in the report flagged this as a major concern compared to only 17% of chief executives.
date:Posted: April 28, 2016
UAE. 51% of all Dubai hotels in mid-market segment versus 89% in New York; PwC research released at ATM 2016 touts construction figure of US$80k per room as incentive for developers looking for solid returns in high demand segment.
dhgate