Egypt’s army said it has killed 12 terrorists in the early hours of Friday in the North Sinai town of Sheikh Zuweid in their latest efforts in the fight against an Islamist militant insurgency that has spiked in the past two years. Source Ahram Online
Russia has signed an estimated $2 billion contract for the supply of about 12 Su-35 multi-role fighter jets to Egypt. Source: Defenseworld
Meeting in Russia’s Black Sea resort of Sochi, the Russian and Egyptian presidents have signed what officials describes as a strategic cooperation treaty designed to increase trade, military, and other ties between the two nations. Source: Radio Free Europe
Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. Source: Bloomberg