EconomyAbdallah HendawyEgypt appears to be finalizing a deal to buy 46 MiG-29 multirole fighters, worth $US 2 billion, according to Russian media reports.The nation’s recent shopping spree for arms is unprecedented, including billion-dollar deals for the purchase of fighter jets, helicopter carriers, multi-role warships, and high-tech air-defense systems from Russia and France, in addition to an undisclosed number of refurbished Emirati Mirage-2000-9. The desire to diversify the nation’s source of supply is understandable, especially after the US withheld military cooperation from Egypt following the ouster of former President Mohamed Morsi in 2013. As Sisi’s Egypt seems unwilling to …read more
Source: Mada Masr
