Saudi Arabia, UAE finance Egypt $2bn arms deal with RussiaFebruary 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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |