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Mon May 3, 2021, 07:07 PM

France agrees sale of war planes to Egypt

Reports of a secret deal by the French government to sell 30 Dassault Rafale fighter jets as well as military electronics to the government of Egyptian President Abdel-Fattah el-Sissi were confirmed by a government source in Paris on Monday.

Similar large-scale military contracts with Egypt fell through in the past apparently more over concerns about Egypt's ability to pay for the equipment rather than concerns over its human rights record.

Originally reported by the French online news site Disclose, the 3.75 billion ($4.5 billion) deal was apparently completed in late April and could be signed when an Egyptian delegation arrives in the French capital on Tuesday.

Disclose says this time around 85% of loans linked to the deal will be guaranteed by the French state as well as banks BNP Paribas, Credit Agricole, Societe Generale and CIC.


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