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Thursday, 12 November 2020

Germany approves EUR 130 mn arms sale to Egypt

Germany has approved a EUR 130 mn arms agreement with Egypt which will see German shipmaker Lurssen deliver nine patrol boats and a coastal defense ship across the Mediterranean, according to Deutsche Presse-Agentur. Egypt is one of Germany’s biggest arms buyers, purchasing EUR 290.6 mn-worth of equipment in 1Q2020, according to Deutsche Welle.

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