Egypt has approved the deployment of troops to support Saudi Arabia in its ongoing conflict with Yemen. The decision was made by Egypt’s National Defense Council chaired by President Abdel Fattah al-Sissi, without public confirmation of deployment specifics. This support aligns with Egypt’s historical backing of Saudi Arabia, including its past involvement in the Riyadh-led coalition in Yemen. Market participants view this approval as a potential boost to Saudi Arabia’s military capabilities in the region.
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