Saudi Comes To Egypt’s Rescue Again Signing $55bn-Plus Of Deals

The Middle East’s richest country, Saudi Arabia and its most populous, Egypt this week signed agreements and MoUs in excess of $55bn to “boost economic development and strengthen political and military ties and solidarity.”

The agreements were signed during a 7-11 April visit to Cairo by Saudi Arabia’s King Salman, his first since taking the throne in January 2015.

The Arab world is currently facing an existential threat from Islamic fundamentalists of the so called Islamic State (IS), which controls large swathes of territory in Iraq and Syria, while Egypt’s Sinai peninsula has been plagued by attacks from jihadist militants.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE