France secures 1 billion euro navy deal in Egypt - Israel News, Ynetnews

   Israel News

Israel News
World News
Israel Opinion
Israel Business
Israel Culture
Israel Travel
Breaking News


France secures 1 billion euro navy deal in Egypt

Published: 07.19.14, 17:38 / Israel News

France has secured its first major military contract in Egypt in about 20 years with a 1 billion euros (0.79 billion pounds) deal to sell four naval frigates, a French diplomatic source said on Saturday.


Paris and Cairo have enjoyed close economic ties in the past but turmoil in the north African state since former president Hosni Mubarak was ousted has left Western governments wary of signing contracts, especially in the defence sector.



  PrintPrint  Send to friendSend to friend   
Tag with Bookmark to


RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions