VOL. XLI

No. 30

27-July-1998

EGYPT

US Agrees To Aid Reductions

Following Egyptian requests that annual US military aid of $2.1bn to Egypt be exchangedfor improved terms and volume of trade similar to those accorded Israel (MEES, 13July), the US House Foreign Operations Subcommittee has approved a decrease of US annualassistance to Egypt and Israel at the beginning of next year with the aim of decreasingaid by around $5bn over the next 10 years. The committee agreed to total 1999 external...