Egypt's parliament has postponed to October 26 its vote on authorising the armed forces to support Saudi Arabia, which faces growing attacks from the Iran-aligned Houthis in Yemen. The opposition Egyptian Social Democratic Party told its lawmakers to abstain, saying parliament lacked information on the mission's objectives, duration, cost and risks to troops, though most of its members reportedly support the measure. The attacks include the October 10 strike on Riyadh's airport, which killed 13 people according to Saudi authorities, and a recent attack on Saudi Aramco. Saudi Arabia is due to deposit $5.3bn plus $267.39m in interest into Egypt's central bank this month, underscoring its financial role for Egypt. Egypt's EGX30 index dipped early over military concerns but closed 0.4 percent higher.
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- What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?
Egypt's parliament is expected to vote next week on authorizing the armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi requested the approval in a Saturday speech, saying Cairo would 'take any measure to protect' Saudi leaders. The move marks a clear escalation from Egypt's more measured tone since the Iran war began, though Cairo has not publicly committed to a direct combat role. Egypt depends heavily on Gulf financial ties, as Saudi Arabia has a $5.3 billion deposit at Egypt's central bank due this month, and remittances from Egyptian workers in the Gulf are a key source of foreign currency. Egypt also receives about $1.3 billion a year in US military aid, and analysts cite shared Saudi-Egyptian interests in Red Sea shipping and Suez Canal revenue.
- Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?
Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.
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Egypt has pledged to help defend Saudi Arabia against Houthi attacks from Yemen, and parliament is expected to approve the request. The constitution requires two-thirds of the 596-member House, or 398 votes, before troops can be sent on a combat mission abroad, and the four main pro-government parties alone hold 403 of the 568 elected seats. Egypt would act only if Riyadh asks, and no formal request has been announced; neither President Abdel Fattah El Sisi nor the National Defence Council specified the form of support, the number of troops or the duration. The vote was postponed for a week after about 300 MPs asked to speak, and some lawmakers want details on the mission's scope. Supporters cite lost Suez Canal revenue and a $5.3 billion Saudi deposit maturing this month, while the Social Democratic Party has told its MPs to abstain and Ayman Nour, exiled leader of the Ghad Party, has listed 10 safeguards.
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