Russia has no plans for any “permanent relocations” of troops to Egypt from the Hmeymim base in Syria, Russian Foreign Minister Sergei Lavrov said, according to Pravda. The recently-signed aerospace agreement between Egypt and Russia “reflects the partnership nature of our relationship - these are reciprocal military measures of most favored treatment,” Lavrov explained. “Our military-technical cooperation in the form of supplies of necessary equipment and weapons for the anti-terrorist operation has been developing very actively, we have close ties between the military, we conduct joint military exercises, and this helps us exchange experiences, taking into account the experience in the fight against terrorism that we have gained in Syria,” he added.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
FinMin targets EGP tns in new debt as it revises financing gap to EGP 4 tn
The new strategy aims to ease short-term pressure and expand…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…