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According to a statement issued by Egyptian President Abdel Fattah el-Sisi in 2016, the military represents between 1.5 and 2 percent of the Egyptian economy (US$2.39 billion to US$4.46 billion). Egypt's growing military footprint and its control over economic policy are considered by analysts to be a hallmark of the Sisi government and one of ...
According to the deal, gas from Israel will be brought via a pipeline to the LNG terminal on the Egypt's Mediterranean coast before being transported on tankers to the European shores. [12] Reports were afoot that Russia cut its exports to Europe on the same day "as a sign of displeasure at the deal signed in Cairo."
As of 2008, Egypt produces about 6.3 billion cubic feet (180 × 10 ^ 6 m 3), from which Israel imports of 170 million cubic feet (4.8 × 10 ^ 6 m 3) account for about 2.7% of Egypt's total production of natural gas. According to a statement released on 24 March 2008, Merhav and Ampal's director, Nimrod Novik, said that the natural gas pipeline ...
Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a ...
Of the $1.3 billion in U.S. foreign military financing allocated to Egypt, $320 million is subject to conditions that have meant at least some of that sum has been withheld in recent years.
The announcement comes just days after the administration approved a massive $2.5 billion arms sale to the country. The State Department said Friday that Egypt had not met the conditions to ...
Starting production in 1988, the factory soon experienced numerous cost overruns, inflating the price of each tank to a level beyond the cost of buying complete tanks—the initial production run was estimated to cost US$2.7 billion versus US$1.9 billion for purchasing tanks directly from the United States via General Dynamics. [4]
President Joe Biden on Friday blocked US Steel’s $14 billion sale to Japanese giant Nippon Steel on national security concerns, creating new uncertainty for an iconic American steelmaker.