Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • September
  • Biden administration grants Egypt $1.3 billion in military aid despite rights requirements

Biden administration grants Egypt $1.3 billion in military aid despite rights requirements

Editor September 11, 2024 2 minutes read
2024-09-11T174757Z_1_LYNXMPEK8A0RJ_RTROPTP_4_EGYPT-USA-MILITARY-AID

By Simon Lewis

WASHINGTON (Reuters) – The Biden administration on Wednesday notified the U.S. Congress that it will provide Egypt with $1.3 billion in military aid, a State Department spokesperson said, the first time since 2020 Egypt will receive the total amount of U.S. funding despite human rights conditions.

The announcement comes as Washington has relied heavily on Cairo – a longstanding U.S. ally – to mediate so far unsuccessful talks between Israel and Hamas on a ceasefire deal to end the war in Gaza.

Of the $1.3 billion in U.S. foreign military financing allocated to Egypt, $320 million is subject to conditions that have meant at least some of that sum has been withheld in recent years.

Secretary of State Antony Blinken told Congress on Wednesday that he would waived a certification requirement on $225 million related to Egypt’s human rights record this year citing “the U.S. national security interest,” the spokesperson said by email.

“This decision is important to advancing regional peace and Egypt’s specific and ongoing contributions to U.S. national security priorities, particularly to finalize a ceasefire agreement for Gaza, bring the hostages home, surge humanitarian assistance for Palestinians in need, and help bring an enduring end to the Israel-Hamas conflict,” the spokesperson said.

Blinken issued a similar same waiver on the human rights conditions last year but withheld a portion of the military aid over Egypt’s failure to make “clear and consistent progress” on the release of political prisoners.

This year, Blinken determined that Egypt had made sufficient efforts on political prisoners to release $95 million tied to progress on the issue, the spokesperson said.

(Reporting by Simon Lewis)

About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Boeing faces possible strike on Friday amid discontent by some workers over tentative labor pact
Next: Ex-Google exec said goal was to ‘crush’ competition, trial evidence shows

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Waymo recalls, updates software for over 3000 vehicles, U.S. regulator says
  • Waymo recalls, updates software for over 3000 vehicles, U.S. regulator says
  • How tight supply, AI demand propelled copper towards $12,000
  • Oracle’s stumble hits AI trade, but many remain bullish
  • Analysis-Oracle’s stumble hits AI trade, but many remain bullish

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2025-12-11T185232Z_2_LYNXMPELBA0D9_RTROPTP_4_USA-AUTOSHOW.JPG
1 minute read
  • Newsletters

Waymo recalls, updates software for over 3000 vehicles, U.S. regulator says

Editor December 12, 2025 0
2025-12-11T185232Z_2_LYNXMPELBA0D9_RTROPTP_4_USA-AUTOSHOW.JPG
1 minute read
  • Newsletters

Waymo recalls, updates software for over 3000 vehicles, U.S. regulator says

Editor December 12, 2025 0
2025-12-12T173352Z_2_LYNXMPELBB0ZD_RTROPTP_4_GLOBAL-METALS-COPPER
3 minutes read
  • Market News

How tight supply, AI demand propelled copper towards $12,000

Editor December 12, 2025 0
6 minutes read
  • Newsletters

Oracle’s stumble hits AI trade, but many remain bullish

Editor December 12, 2025 0
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com