A swap today of alleged Israeli spy Ilan Grapel for 25 Egyptian prisoners helps patch up relations between Israel and Egypt.
Friday's attack on Israel's embassy in Cairo serves as a reminder that the bilateral relationship has changed for good since former President Hosni Mubarak was ousted months ago.
Egypt's $3 billion IMF loan will buy time for a government whose finances are wracked by investor fears and political upheaval. Tourism was down 46 percent in the first quarter of 2011.
While those involved in Arab uprisings welcomed Obama's support, others were disappointed with his failure to apologize for US support for Middle East dictators.
In contrast with Obama's major speech two years ago in Cairo, today's address on the Middle East has generated little interest in Egypt. But Libyans and Syrians have higher hopes.
Salafis, who subscribe to a strict version of Islam, were blamed in weekend attacks against Christians in Cairo. Many Egyptians worry that extremists could play a greater role in post-Mubarak Egypt.
The Muslim Brotherhood's new plans to contest 50 percent of Egypt's parliamentary seats in upcoming elections are sparking concern that it will impose its Islamist ideas on the population.
But many are skeptical that the accord will hold, given that huge differences remain between Fatah and Hamas, and Israel is strongly opposed to Palestinian unity.
In the absence of the National Democratic Party (NDP), the electoral field in September will be wide open for the Muslim Brotherhood to perform strongly.