Cairo and Moscow agreed to work on strengthening military ties last week, during meetings between Defense Minister Mohamed Zaki and his Russian counterpart Sergei Ivanov, according to an Armed Forces statement. Zaki returned from Moscow after a two-day visit, where he also met with UAE Defense Minister Ahmed Al Bowardi, as well as the head of Belarusia’s head of military industries to discuss a number of issues of mutual interest. No further details were divulged. The AP also has the story.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…