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Iran has temporarily suspended visa-free travel with Turkey. Iran has explained this decision as part of security precautions it is taking in connection with the summit in Tehran, which currently holds the three-year rotating NAM presidency

Egyptian President Mohamed Morsi, Cuban leader Raul Castro, Armenian President Serzh Sarksian and Indian Prime Minister Manmohan Singh are expected to attend the summit. Also, Qatari Emir Sheikh Hamad bin Khalifa Al-Thani and Lebanese President Michel Suleiman are expected. Yet, there is no signal that Iran's close ally, Syria, will attend

Israel on Thursday warned Ban and other world leaders not to fall into an Iranian propaganda "trap" when they attend the summit

While nearly three decades of Mubarak rule left Egyptians inundated with state-spun scenarios of Iranian plots aiming to destabilize the country, many sympathize with Iran’s Islamic revolution and consider Tehran’s defiance of the United States a model to follow. Others seek a foreign policy at the very least more independent of Washington.

Aware of the Gulf states’ anxieties over the rise of political Islam in post-Mubarak Egypt, Morsi has focused on courting Saudi Arabia. He visited it twice, once just after he won the presidency, and a second time during the Islamic summit. In an attempt to assuage fears of the Arab uprisings by oil monarchs, he vowed that Egypt does not want to “export its revolution”. He has also asserted commitment to the security of Saudi Arabia and its Gulf Arab allies, a thinly veiled reference to the tension between them and Iran.

Revenues from tourism — one of Egypt's biggest money makers and job sources — fell 30 percent to $9 billion in 2011 and foreign investment has largely dried up. That has forced the country to seek billions of dollars in assistance from the International Monetary Fund and raised the possibility of a cut in subsidies that keep commodities like fuel and bread cheap for a population of about 82 million, 40 percent of whom live near or below the poverty line.

Chinese companies also import Egyptian oil products and raw materials such as cotton, while exporting automobiles, electronics and other finished goods.

Morsi is to leave Beijing on Thursday to attend the world gathering of self-described nonaligned nations in Iran, the first visit to that country by an Egyptian head of state since relations between them were severed in 1979.

Despite their optimistic rhetoric, Iranian officials realize now that they are likely to gain far less than they had hoped from the Arab uprisings. As their ally Syria crumbles and the Gulf Cooperation Council (GCC) becomes increasingly hostile, Egypt could be its best and only hope for a new Arab friend in the short-term. But Egypt is less interested in playing along. Not only are the two countries seriously divided over the Syria crisis, but the cost of restoring ties with Iran for Egypt would be great. Not only would this alienate the United States and Israel, but also relations with Gulf states, particularly Saudi Arabia, would be severely damaged. And Morsi clearly understands the importance of maintaining good ties in the Gulf -- aid is at stake. In fact, his first diplomatic mission after he became president was to Saudi Arabia on July 10. The purpose of the visit was to secure aid to replenish Egypt's diminishing currency reserves. Iran, faced with crippling international sanctions, would find it hard to compete with the Saudis in the economic aid arena.