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Saudi Arabia, Egypt sign military-economic agreement

Saudi Deputy Crown Prince and Defense Minister Amir Mohamed bin Salman met with Egyptian President Abdulfattah al-Sisi in Cairo on current developments in Yemen and the region, and the various fields of cooperation between the two countries, Al Arabiya TV reported on Thursday, July 30th.
On Friday the two countries signed a pact to increase their joint military and economic relation. This important document has been called the “Cairo Statement”.
The Saudi Deputy Crown Prince joined the Egyptian President in a military parade.
The Egyptian Presidential Office issued a statement saying both parties emphasized on all efforts to increase security and stability in the region, and escalate cooperation to protect Arabic national security.

“The two sides stressed the need to exert all efforts to boost security and stability in the region, and to work together to protect Arab national security,” Sisi’s office said after the signing.
Riyadh has emerged as a key supporter of Sisi since the then army chief ousted Morsi two years ago, offering $4 billion (3.7 billion euros) to help kick-start an economy battered by years of political turmoil.
And Egypt has backed Riyadh’s air campaign against Shia rebels in Yemen, regularly saying it shares a common vision with Riyadh on tackling the crisis there.
Cairo had previously said it would also be prepared to commit ground troops if required

 

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