While Morsi was supportive of the Sunni-dominated Syrian rebels, the new leadership headed by Gen. Abdel Fattah al-Sisi seems to be more supportive of the status quo, showing support for Syrian President Bashar Assad. Evidence of this was the restoration of diplomatic ties soon after Sisi removed Morsi from power; Morsi’s government had cut off all ties with Syria in June.
In addition, the coup in Egypt represented a regional road bump on the road to the Arab Spring (or Arab winter) and the rise of Islamists. The current end of the Brotherhood dream in Egypt gave a jolt of confidence to Assad and other regional dictators who were worried the revolutions would hit them next. The Gulf States (except Qatar) and Jordan have been concerned about revolutions in their own countries, and the fact that Sisi might have put the brakes on them comes as a great relief. For that reason, Egypt’s new government is being swamped with Gulf cash.
The Gulf exception is Qatar, which has supported the revolutions and Islamist rise in the region – particularly through its Al Jazeera channel, which holds a pro-Muslim Brotherhood line. Qatar had bet on Morsi and was upset about the coup.