Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,294.50 -12.67 -0.08%
S&P 500 1,650.51 -4.84 -0.29%
Nasdaq 3,459.42 -3.88 -0.11%
Ticker Volume Price Price Delta
STOXX 50 2,776.78 -58.23 -2.05%
FTSE 100 6,696.79 -143.48 -2.10%
DAX 8,351.98 -178.91 -2.10%
Ticker Volume Price Price Delta
Nikkei 14,484.00 -1,143.28 -7.32%
Hang Seng 22,669.70 -591.40 -2.54%
S&P/ASX 200 5,062.45 -102.92 -1.99%

Egyptians Cheer Erdogan as Turkey Seeks Strategic Partnership With Egypt

Thousands of cheering Egyptians greeted Turkish Prime Minister Recep Tayyip Erdogan at about midnight in Cairo, where he arrived to establish a strategic partnership.

The crowd waved Egyptian, Libyan and Turkish flags, as well as those of the premier’s governing Justice and Development Party, while chanting, “Egypt-Turkey: one fist” and “brave Erdogan welcome to your second home.”

Turkey’s prime minister is visiting Egypt for the first time since the ouster of longtime leader Hosni Mubarak. He had publicly called on Mubarak to step down in a televised speech broadcast at Tahrir Square, the revolution’s epicenter.

The premier’s hard line against Israel is also attracting supporters in Egypt, where tensions culminated in an attack on the Israeli embassy last week.

“Turkey-Egypt hand in hand, greetings to Egypt’s youth, to the Egyptian people,” Erdogan said while raising a joint fist with his counterpart, Prime Minister Essam Sharaf.

Turkey’s prime minister will meet with religious, military and civilian leaders during his two-day stay, before moving on to Tunisia and Libya to meet with transitional leaders.

The Turkish and Egyptian prime ministers plan to sign an agreement today establishing a Turkish-Egyptian high-level strategic council, according to Erdogan’s schedule.

Erdogan said he won’t visit the Gaza Strip during his three-country tour, which had been a matter of speculation for the past week. He said a trip during his current tour is “out of the question,” although he is “longing to visit Gaza as soon as possible,” according to state-run Anatolia news agency.

The Turkish prime minister’s popularity in the Arab world surged as he has frayed relations with Israel by demandingg an apology for the killing of Turkish activists on a flotilla to Hamas-controlled Gaza Strip last year.

To contact the reporter on this story: Emre Peker in Ankara at epeker2@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

Enlarge image Turkey's Prime Minister Recep Tayyip Erdogan

Turkey's Prime Minister Recep Tayyip Erdogan

Turkey's Prime Minister Recep Tayyip Erdogan

Andrew Harrer/Bloomberg

Turkey's Prime Minister Recep Tayyip Erdogan.

Turkey's Prime Minister Recep Tayyip Erdogan. Photographer: Andrew Harrer/Bloomberg

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link