The US State Department has approved a potential USD 554 mn military sale for Follow-On Technical Support (FOTS) for various ships to Egypt, the Defense Security Cooperation Agency (DSCA) said. “The proposed sale is essential to maintain Egypt’s national security, regional stability, and the [unobstructed] flow of worldwide commerce via the Suez Canal,” the DSCA said.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…