A second military frigate has sailed from Italy and arrived in the port of Alexandria, as part of a $1.1 billion arms deal. The second of two Italian frigates sold to Egypt arrived in the port of Alexandria on Wednesday, as part of a deal with Italian arms manufacturer Venkateri. The military frigate, named 'Berenice' follows the first frigate, named 'Al-Jalalah', which arrived in Egypt on 23 December. The total cost of the two frigate is believed to have set Egypt back more than $1.1 billion, and is part of a record arms deal between the two countries. According to document seen by The New Arab’s sister publication, Al-Araby Al-Jadeed, a €500 million loan agreement was signed by the Egy
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