#military spending
A defense loan agreement between the Egyptian Ministry of Defense and a number of French banks has been approved by Egypt’s newly elected parliament, state-owned Ahram Online reports. Led by Crédit Agricole for Companies and Investment, the French banks are to provide loans worth billions of euros to Egypt with the aim of propping up the country’s armed forces, a parliamentary report cited by Ahram Online stated. "These banks will provide a cash loan of 3375.54 million euros, representing 60…
