US sign 38 billion dollars deal with Israel


Posted on:15 Sep 2016 18:04:56

US sign 38 billion dollars deal with Israel
15 September 2016 Current Affairs: The United States has signed a 38 billion dollars deal with Israel to provide the country with military assistance over a 10-year period, from 2019 to 2028 on 14 September 2016. The deal is the largest such agreement the US has ever had with any country.

Under the terms of agreement, Israel will receive 3.8 billion dollars a year from the US. At present US gives 3.1 billion dollars to Israel annually under a 10-year deal that ends in 2018.

Following 10 months of tense negotiations, the two allies finalised the memorandum of understanding (MoU) with a signing ceremony in Washington. It was signed with the hope that this contribution would help in security.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs June 2017

26 JUNE
NEWS
24 JUNE
NEWS
23 JUNE
NEWS
22 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS