Gulf states, minus Qatar, rally Egypt investment to buoy army power | Reuters:
"* Egypt seeking investment from its Gulf Arab friends
* Business ties with Qatar hurt by political dispute
* Shift highlights wider tussle for influence
By Rania El Gamal and Amena Bakr
DUBAI/DOHA, Dec 2 (Reuters) - With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its army-backed government: the absentee is Qatar, rattled by the collapse of Islamist power in the biggest Arab country.
The contrast between Qatar's reluctance and the enthusiasm shown by fellow Gulf financial powers illustrates the way politics can shape investment between the Gulf and the poorer, more populous countries of the Levant and north Africa.
The United Arab Emirates, in particular, is rallying its companies to launch or resume projects in Egypt, an Arab political heavyweight that has long received both Gulf Arab state aid and flows of private investment."
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