 Saudi Arabia, UAE finance Egypt $2bn arms deal with Russia February 10, 2014 - 14:28 AMT PanARMENIAN.Net - Egypt has concluded a UAE- and Saudi Arabia-financed arms deal with Russia worth of $2 billion, a senior official said, noting that the Egyptian and Russian sides agreed on all details related to the agreement over the past weeks. As Egypt Independent reports, the source, who asked not to be named, said the two gulf kingdoms played a vital role in sealing the deal. The official revealed that the first tranche of Russian weapons to Egypt will be delivered before mid 2014.The delivery and payments will both be phased, he explained. In mid November 2013, Russia declared receiving an Egyptian offer to buy advanced defense systems, military helicopters, MiG 29 aircrafts and anti-tank missiles all worth of $2 billion. Saudi Arabia and UAE, along with Kuwait, have been Egypt's top Arab financiers following the overthrow of president Mohammed Morsi with financial and in-kind aid worth of $12 billion. Related links:   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Cyprus parliament honors Armenian genocide victims  Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham).Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |
