Egypt's purchase of French jets financed 'by French loan'

Egyptian president said €3.2 billion of the €5.2 billion cost of buying France's Rafale fighter planes came from French government loan.

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The French government loaned Egypt 3.2 billion euros to finance the recent multibillion-euro purchase of French military equipment, Egypt's president Abdel Fattah al-Sisi said in an interview on al-Arabiya TV on Saturday, reports Reuters.