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Bush Forgives Last of Egypt Arms Debt

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<i> Reuters</i>

President Bush has issued a directive forgiving Egypt’s remaining $997-million debt for military weapons, saying the Persian Gulf crisis makes such a move vital to U.S. interests, the White House announced Friday.

Egypt was among the first countries to contribute troops to the U.S.-led multinational force sent to the gulf after Iraq’s Aug. 2 invasion of Kuwait.

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